TRANSPORTATION

Fairfax India to pick 51% stake in Saurashtra Freight

January 17, 2017 | Ranjani Raghavan

Fairfax India Holdings Corporation, which has just raised an additional $500 million to top up its India-focused investment corpus, has inked a deal to pick a 51% stake in Saurashtra Freight Pvt. Ltd for Rs 200 crore ($30 million), it said on Tuesday.

Deutsche Telekom's venture fund leads $4.1 mn round in Roambee

January 12, 2017 | Dearton Thomas Hector

Mumbai and Silicon Valley-based Roambee Services India Pvt Ltd, which runs logistics solutions provider Roambee, has raised $4.1 million in a Series B round of funding, co-founder and chief executive Sanjay Sharma told Techcircle.

Air Pegasus to fly again after stake sale deal with Flyeasy

January 10, 2017 | Subhabrata Dasgupta

Ailing regional airline Air Pegasus has agreed to sell a majority stake to peer Flyeasy, as the carrier looks to resume operations that it had suspended last year due to a cash crunch.

Logistics firm Stellar buys majority stake in Kelvin Cold Chain; Ambit Pragma partially exits

January 09, 2017 | Joseph Rai

Stellar Value Chain Solutions Pvt Ltd, a third-party logistics company floated last year by former chief of Kishore Biyani-led Future Supply Chains Solutions Ltd, on Monday said it has acquired a majority stake in cold chain firm Kelvin Cold Chain.

Supply chain solutions firm LEAP India raises another $13 mn

January 06, 2017 | Debjyoti Roy

LEAP India Pvt Ltd, a Mumbai-based supply chain solutions company, has raised Rs 88.34 crore ($13 million) in its Series B round of funding from a clutch of new and existing investors, a financial daily reported on Friday.

Abraaj, Warburg Pincus-backed Continental Warehousing gets SEBI nod for IPO

December 19, 2016 | TEAM VCC

Mumbai-based logistics company Continental Warehousing Corporation (Nhava Sheva) Ltd has received capital markets regulator SEBI’s approval to float its initial public offering (IPO).

Railways to redevelop 400 stations, monetise land and air space: Suresh Prabhu

December 16, 2016 | Oineetom Ojah

Customer is now at the centre of planning and implementation of railway infrastructure, said railways minister Suresh Prabhu at the launch of InfraCircle in New Delhi on Thursday evening.

Tata Steel sells tug services unit to Adani Ports for $15.7 mn

December 07, 2016 | PTI

A Tata Steel subsidiary has sold its tug services firm to Adani Ports and Special Economic Zone (APSEZ) for Rs 106 crore in an all-cash deal.

What's ‘hyperloop’ and can it really solve India’s transport woes?

December 07, 2016 | Aman Malik

On Wednesday, news reports said that Hyperloop Transportation Technologies (HTT), a US start-up, is in talks with the Indian government to run trials in India. 

Meru Cabs CEO steps down, CTO Nilesh Sangoi to take over

November 29, 2016 | Binu Paul

Meru Cabs CEO Siddhartha Pahwa has resigned from the Mumbai-based radio taxi firm and will be replaced by CTO Nilesh Sangoi from January.

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