TRANSPORTATION

Exclusive: Inter-city cab rental firm MyTaxiIndia raises money for expansion

February 28, 2017 | Debjyoti Roy

Inter-city cab rental platform MyTaxiIndia Pvt. Ltd has raised an undisclosed amount from a Dubai, UAE-based investor to expand its operations, a top company executive told VCCircle.

Tata Steel to buy majority stake in Odisha port project

January 25, 2017 | Deepak Kumar Sahu

Tata Steel Ltd on Wednesday said that it has signed a definitive agreement with Creative Port Development Pvt. Ltd (CPDPL) and their promoters for the proposed development of Subarnarekha port in Odisha.

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.

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. 

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