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Adani Ports gains on expanding partnership with Kaleris to accelerate ai-led transformation
Adani Ports and Special Economic Zone (APSEZ) added 1.18% to Rs 1825.70 after the company said that it has expanded its strategic partnership with Kaleris to drive next-generation capabilities across its ports and logistics network.
Big corporates plug into electric trucks as rising diesel and logistics expenses drive a rethink
Indian companies are rapidly investing in electric trucks. This shift is driven by fluctuating diesel prices and a focus on sustainability. Major firms like Ultratech Cement and Vedanta are expanding their electric fleets. Manufacturers report a surge in corporate interest. Electric truck registrations are soaring, indicating growing acceptance and deployment across various sectors.
BMW Group India to hike prices by up to 2 pc across BMW, MINI vehicle portfolios from July 1
BMW Group India announced a price increase for its BMW and MINI vehicles. Prices will go up by up to 2 percent starting this July 1. This change affects both locally produced and imported models. The company cited macroeconomic factors like rupee depreciation and rising logistics costs for the adjustment. This move aims to maintain premium standards.
Stock Alert: APSEZ, Infosys, Dhanuka Agritech, Concord Biotech, Mufin Green Finance, Canara Bank
Adani Ports & Special Economic Zone (APSEZ) handled cargo volumes of 48.3 million metric tonnes (MMT) in May, marking a 16% year-on-year increase, driven by strong growth across key ports and cargo segments. However, the company's logistics business witnessed a decline, with rail volumes falling 19% year-on-year to 48,170 TEUs during the month.
Adani Ports May Update: Cargo volumes up 16%, logistics rail volumes slides 19% YoY
Shares of Adani Ports and Special Economic Zone Ltd ended at ₹1,816.00, up by ₹32.75, or 1.84%, on the BSE.
Q4 Earnings Live Updates: Steel Strips Profit Remains Flat; Aegis Logistics Revenue Surges 52%
Asian Paints, IndiGo, NMDC, Glenmark Pharmaceuticals among the companies to report Q4 earnings today.
Q4 Results On May 29: Asian Paints, BEML, IndiGo, Glenmark Pharma, NMDC Among Over 700 Companies To Share Earnings
Inox Wind, Ipca Laboratories, Aegis Logistics, Olectra Greentech and Mishra Dhatu Nigam are among the other names that will announce Q4FY26 results on Friday.
JSW Steel commences 13.2 MTPA Paradeep Integrated Steel Plant project
The Paradeep Integrated Steel Plant will be developed in phases with a planned capacity of 13.2 million tonnes per annum (MTPA) and an estimated investment of about Rs 65,000 crore in phases. Spread across nearly 2,950 acres, the project is strategically located on Odisha's coastline, offering strong port connectivity, efficient access to raw materials and robust logistics infrastructure to serve both domestic and international markets.
HyFun Foods ties up with Adani Logistics, Evergreen Marine Corp for eco-friendly export corridor
HyFun Foods has launched a new export initiative with Adani Logistics and Evergreen Marine Corporation. This partnership introduces a dedicated rail service for frozen potato products. The move aims to reduce carbon emissions and road congestion. This integrated logistics corridor will enhance HyFun Foods' global export capabilities. The company plans to expand its reach to over 100 countries.
Adani Ports to acquire 100% stake in Jaypee Fertilizers & Industries
JFIL is the holding company of Kanpur Fertilizers and Chemicals (KFCL) (which has certain industrial and commercial lands in Kanpur). KFCL holds ~243 acres of land in Kanpur, strategically ideal for development of a world-class logistics park and warehousing facilities aligned with the Company's logistics business. The acquisition shall further consolidate Company's inland logistics presence and service capabilities in North India. The acquisition aligns with Company's ambition to expand its MMLP network from 12 to 16 and warehousing capacity by c.4x by the year 2031.
Adani Ports to Acquire Jaypee Fertilizers For Rs 1,500 Crore
The acquisition will strengthen the company's inland logistics presence in North India.
Adani Ports expands logistics footprint with ₹1,500 crore Jaypee Fertilizer deal
The acquisition aligns with Adani Ports' ambition to expand its Multi-Modal Logistics Park (MMLP) network from 12 to 16 and warehousing capacity by nearly 4x by 2031.