Gati targets to double it’s revenues in 3 years

Gati is targeting to become a Rs 3,000 crore revenue company in the next three years – it’s Chief Executive Officer Pirojshaw Sarkari has said. Key points to note – Company reported revenues of Rs 1,488 crore during trailing twelve months ended September 30, 2021. The target therefore implies doubling of this number in 3 … Read more

Zomato does an Info edge. Gets into start-up investing

Zomato along with it’s Q2 FY 22 results also announced that it has committed $275 mn across four start-ups in the last 6 months and will deploy another $1 billion over the next one to two years. Four investments of $275 mn – $100 mn for 9.3% stake in Grofers $50 mn in Curefit along … Read more

TCI Express planning drone deliveries by FY 22 end

MD of the Company, Mr Chander Agarwal claims to have recently concluded the initial trials. In the trials conducted in Ahmedabad, medicines and other urgent/immediate delivery packages weighing 5-10 kgs were delivered to the customers, he said. The trials were conducting in collaboration with a start-up and made in India drones were used, he further … Read more

TCI gets in it’s long trusted partner in the cold chain business

Transport Corporation of India (TCI) has sold 20% in it’s cold chain business to Japan’s Mitsui for Rs 63.5 crore. Key points to note – Cold chain business is run through TCI’s subsidiary TCI Cold Chain Solutions Ltd (TCI CCS). TCI CCS provides integrated cold chain logistics services in India, with a focus on temperature-controlled … Read more