Logistics

‘Profitability, cash flow is the mantra’, says Jefferies on this Indian logistics stock with a ‘buy’ rating | Tech Reddy

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[ad_1] Global Brokerage visited logistics firm TCI Express’ (TCIE) automated sorting center in Gurgaon and interacted with Chander Aggarwal (CEO) and Mukti Lal (CFO) to discuss the company’s business operations. “Profitability and cash flow are the key mantras, even if that means less revenue growth. B2B is 95% of revenue, e-commerce only 5%. Profitable business … Read more

Mahindra Logistics completes acquisition of Rivigo Services; Appointed S Venkateswaran as CEO | Tech Reddy

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[ad_1] Mahindra Logistics Limited (MLL) on Friday said it has completed the acquisition of Rivigo Services and appointed Sriram Venkateswaran as its Chief Executive Officer. MLL has stopped trading through its subsidiary MLL Express Service from November 10, the company said in a statement. The company announced the acquisition of Rivigo’s B2B express business in … Read more

Mahindra Logistics completes acquisition of Rivigo Services; Appointed S Venkateswaran as CEO | Tech Reddy

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[ad_1] Mahindra Logistics Limited (MLL) on Friday said it has completed the acquisition of Rivigo Services and appointed Sriram Venkateswaran as its Chief Executive Officer. MLL has stopped trading through its subsidiary MLL Express Service from November 10, the company said in a statement. The company announced the acquisition of Rivigo’s B2B express business in … Read more