PARCEL DELIVERY TRIAL
Househelp apps top 2 million monthly orders amid profitability questions
India’s emerging 10-minute househelp segment is scaling quickly, but investors are seeking clearer answers on long-term economics. Market leaders Urban Company, Snabbit and Pronto together recorded over 2 million monthly orders in February, up sharply from 1.3 million in December, helped by expansion into new cities and micro-markets.
Union Minister Ashwini Vaishnaw launches Rail Tech Policy and e-RCT System
Indian Railways is introducing a new RailTech Policy to foster innovation and technology adoption. This policy simplifies engagement with startups and innovators. Additionally, the Railway Claims Tribunal is being fully digitised and AI-enabled.
Investing in land in India: From getting a clean title to right timing, how to make the most of it
Land investment in India offers potential outsized gains but carries legal risks including title disputes and zoning issues. Experts recommend thorough legal scrutiny, professional surveys, and treating land as a long-term investment in your portfolio.
India Post to resume postal services of all categories to US from tomorrow
India Post will resume all international postal services to the US starting Wednesday. This follows a suspension due to new US import regulations. India Post has now set up a system to collect customs duties upfront in India. This ensures faster clearance and seamless delivery for shipments to the USA. All postal categories are now available for booking.
UAE to launch driverless delivery vehicles within a year
The UAE will soon see driverless delivery vehicles on its roads. 7X Group is expanding autonomous vehicle trials across the Emirates. The company aims to have these vehicles delivering goods nationwide within a year. This initiative will benefit courier services by reducing traffic and costs. Other companies are also testing autonomous deliveries in the UAE.
ED attaches fresh assets worth over Rs 260 crore in Rose Valley case
The Enforcement Directorate has attached assets worth Rs 263 crore belonging to the Rose Valley Group under anti-money laundering laws. The attached assets include a bungalow and shares of 32 front companies. This action is part of an ongoing investigation into the group's alleged duping of investors through fraudulent schemes promising high returns, with Rs 6,666 crore remaining unpaid.
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Abu Dhabi sees first autonomous drone parcel delivery trial by LODD and 7X
Abu Dhabi initiates its first autonomous drone parcel delivery test in Khalifa City. LODD's drone successfully delivered a package from a post office. This trial is part of Abu Dhabi's plan to integrate drones into its transport network. ADIO leads the project with support from LODD and 7X. The goal is a secure aerial delivery framework.
Foxconn heads north; Influencers under check
Foxconn plans to establish a new manufacturing facility in Uttar Pradesh. This and more in today’s ETtech Top 5.
Delhi Metro to carry cargo in last coach during non-peak hours
Delhi Metro will transport cargo packages across Delhi-NCR during non-peak hours. This will be in partnership with Blue Dart. The initiative aims to reduce road congestion and vehicular emissions. It utilises spare capacity in metro trains for faster, reliable delivery. DMRC will use its resources to create a sustainable urban freight network, enhancing supply chain efficiency.
DHL Group to accelerate sustainable growth with new Strategy 2030
DHL Group has unveiled its 'Strategy 2030 – Accelerate Sustainable Growth' plan, aiming for a 50% revenue increase by 2030.
Zomato trims Q4 losses, aims to turn fully profitable in a year; Delhivery quarterly revenue slips, loss widens
Two important financial results were released today in the listed technology world. Zomato’s revenue rose 70% as it cut losses during the fourth quarter of FY23 while logistics and supply-chain firm Delhivery’s losses rose during the period. This and more in today’s ETtech Top 5.
FedEx Express commences electric vehicle trials in India
The trial, which is expected to conclude within a month in Bengaluru, will test the vehicle technology within FedEx Express operations, assessing the vehicles' operational effectiveness on a standard route fully loaded with packages, the company said in a statement.
The opportunities that geospatial technology presents for India Inc.
Geographical information systems promise to improve the lives of citizens in various ways and the government’s liberalised policies are certain to usher in scores of opportunities for companies in the geospatial technology space.
Never run out of milk and eggs: 'Camello' robot delivers groceries across Singapore
The robot is equipped with 2 compartments that can carry up to 20 kg of food or parcels.
Moderna COVID-19 vaccine begins rollout as U.S. races to broaden injection campaign
The Food and Drug Administration on Friday approved an emergency use authorization for Moderna's vaccine, the second COVID-19 vaccine to receive approval.
U.S. vaccine campaign launches with first shipments 'delivering hope' to millions
The coronavirus vaccine, developed by Pfizer and its German partner BioNTech, gained emergency-use approval from federal regulators late on Friday, clearing the way for distribution to begin a mere 11 months after the United States documented its first COVID-19 infections.
A stock trader’s guide to the global Covid vaccine rollout
These are some of the sectors and stocks in traders’ sights for their roles in the global vaccine rollout.
Americans get stern holiday COVID warning: 'No Christmas parties'
A panel of outside advisers to the U.S. Food and Drug Administration voted overwhelmingly to recommend emergency-use authorization of a vaccine developed by Pfizer Inc and its German partner, BioNTech SE.
Airlines scramble to prepare for ultra-cold COVID-19 vaccine distribution
A recent survey by an air cargo association and a drug shippers' group found only 15% of industry participants felt ready to transport goods near the minus 70 degrees Celsius (-94°F) required by the Pfizer Inc PFE.N vaccine, while around 60% could meet Moderna Inc's MRNA.O less stringent -20°C requirement.
SpiceXpress receives DGCA approval for drone trials
Post trials and approvals, the airline plans to use drones in delivery of essential supplies to remote areas, the company said in a release.
Japan shares end flat, down 8% for week on economic jitters
Nikkei index ended up 0.01 per cent at 17,820.19 in a subdued session that saw shares bounce between gains and losses.
We will free 1 lakh bighas from Congress netas and distribute among tribals in Sonbhadra, says Yogi Adityanath
“UP government has completed half its term and not a single riot has taken place anywhere in the state. All the festivals have been celebrated peacefully. If opposition will accept all these things, its existence will be in trouble”
'Dabbawalas' to deliver couriers, parcels soon
Mumbai Dabbawala Association spokesperson Subhash Talekar said they are in an advanced stage of finalising the new project to deliver parcels within the city.
Amazon expands delivery trial that could hurt FedEx, UPS
The trial pushes Amazon’s logistical reach beyond its own facilities and into those of its merchants, encroaching on services of long-time delivery partners United Parcel Service Inc. and FedEx Corp.
Amazon testing its own delivery service to rival FedEx, UPS
The service began two years ago in India, and Amazon has been slowly marketing it to US. merchants in preparation for a national expansion.
Amazon's flying warehouse to launch drones for fast delivery
Amazon, after winning a patent for flying the warehouse in the US, announced plans for an "airborne fulfillment center" (AFC) such as an airship, CNBC reported.
Highlights of the Railway Budget 2016-17
Railway Minister Suresh Prabhu announced the Rail Budget for 2016-17 in the Parliament. Following are the highlights.
Alibaba drones on trial as Amazon faces US test
Alibaba Group is making its first trial drone deliveries in China, as e-commerce rival Amazon.com struggles to start a similar program in the US.
‘RIL paid more for fuel in KG deal’
RIL bought diesel for its Andhra offshore operations at a higher cost from its affiliate and claimed recovery of $745 mn -08 for developing India’s showcase gas field.
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