Ad Here  
April
May
June
July
August
September
 
 
Business Briefs IFCI to raise NCDs upto Rs 2000 crore Towards peace of mind Nigeria comes nearer Nothing to hide... Inclusive and forward moving... CUB: towards card-less withdrawal Brand leaders come forward... ISRO's 100th mission Downsizing spree... Curbing steel imports will hurt small business... BRICS development bank Focus on self-certification and third party inspection Indian Bank – global businesses crosses Rs 3 lakh crore... Economic issues take a back seat at G20 summit An American alliance in the chemical industry? Murugappa- a year of consolidation Economic, business and social sustainability Techies trip to India Big-ticket investments march towards Punjab Reality bytes TCS’ revenues cross Rs 100,000 crore Veritas Finance- financing the unfinanced SumInfra- corridor based development... Business Breif European crisis is a global crisis! Four daughters and a proud father Realty sector takes a break... Purdue and IIT-M sign the dotted line ALL – truck industry is recovering from degrowth ECGC expands operations Dynamic e-commerce scenario World labour laws at a glance Changing dynamics in human resource management LVB gears to become a financial supermarket Bridging the skill deficit in pharma industry Innovation that helped Chennai port Schwing Stetter India joins hands with US-based Gomaco More gensets and diesel engines from TAFE People Flow Day- Safety Ridley marathon to India A global plastic event in India Celebration time at MS Chola On the ‘milky’ way Durga - India’s largest blast furnace; now operational Tata Steel commence operations at Kalinganagar Hyundai excites again STFC raises money Illicit markets a concern to growing economy TII’s single largest investment at Thiruthani Is Indian telecom industry heading for a monopoly? Digital retail transactions stabilise at higher level… Gem of social service... Rating of states to be released soon Chennai will soon get its World Trade Centre Backpack laboratory Automotive Vision Plan II... Steel loses its sheen Flexible labour laws… ALL-two launches in a row Scoot offers just Rs.13,500 to ANZ... Chennai to get a roundabout Metro Carrefour’s quick exit AirAsia India infuses funds to fight out competition When Centre visits the state Pharma market dozes Smart controls for cooling large multi-zone spaces ... Investor friendly Japan Creating Tamil Nadu Banana brand WABCO’s second Chennai plant Applauding enterprise... Waste, a gold mine TOP 10 CEO Compensation The new look- 4s Verna Adding Zest to Scooty Holiday Inn opens in OMR Chennai An aerospace-defence cluster in Tamil Nadu… Strategy war escalates between Hero and Honda Industry-well poised to invest on expansion Blue Star plans a new plant in south OBO Bettermann for better lightning protection Realising double digit growth in Tamil Nadu Indigo stays leader with 40 per cent share Placing the right shoe forward... Make way for the new and dynamic railways Auto test tracks launched at GARC Oragadam campus TiE applauds innovative entrepreneurs TII-challenging year with flat growth Climate change may change the way businesses work... Chennai Port is at last decongested! Three more leather clusters… - Connecting the unconnected Time to fast-pace the logistics sector ALL to launch electric busses Apple maps – finding its way Sun Edison launches solar pumps Well-refined – RIL’s refinery margins zoom Research needs more funding Housing Innovation Challenge, 2015 TN budget pragmatic and moderate on fiscal deficit Airlines wage price war Striking cords for 25 years… Secured NCDs from Shriram City Chola MS launches motor app Celebrating 180 years of relevance Need to focus on ease of doing business... TVS Logistics – another acquisition to sharpen the business model Hero Motocorp - smooth ride Chola MS net crosses 100 crores
 
TVS Logistics – another acquisition to sharpen the business model

To increase its presence in the Asian markets, TVS logistics, head-quartered in Chennai, has taken a majority stake in Australia-based Transtar through its Joint Venture in Singapore-TVS Asianics Supply Chain Solutions. This is expected to increase TVS Logistics presence in countries like Singapore, Thailand, China and also marks it entry into Australia. Transtar with annual revenue of Rs 850 crore has a warehouse capacity of 13,000 plus pallets in Australia and New Zealand.

R Dinesh, Managing Director, TVS Logistics Services pointed to the acquisition to strengthen their capabilities in freight forwarding across the regions. In a turnover of around Rs 4000 crore last year, 60 per cent comes from International operations. Dinesh pointed to automobiles contributing to less than 35 per cent of their services. James McAdam, CEO and Partner, TVS Asianics Supply Chain Solutions, pointed to the increasing focus on the Asian market which is on growth mode and the acquisition will help serve the growth.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com