Mumbai to become DHL's South Asia hub

Saturday, March 17, 2007, 10:32 [IST]

Mumbai, Feb 21 (UNI) DHL Express, the world's leading express and logistics company, has decided to make Mumbai its hub for handling business in 7 South Asian countries, including India.

Carved out from the company's Asia Pacific business region, the restructured South Asia area comprising of India, Sri Lanka, Pakistan, Nepal, Maldives, Bangladesh and Bhutan will facilitate better geographic focus on trade lanes and enhance business opportunities for customers, DHL said in a statement here today.

The company appointed Malcolm Monteiro as senior vice president and area director for the South Asian region, adding he will also oversee operations of Blue Dart Express in which DHL has a majority stake.

UNI

Topics: BUSINESS-DHL

Other articles published on March 17, 2007

ICICI Bank introduces Money to Home

Saturday, March 17, 2007,10:32 [IST]

Mumbai, Feb 21 (UNI) ICICI Bank has announced its global remittance service ''Money To Home'' which will enable transfers of money using multiple channels and locations. This service will be currently available to customers in the UK and Canada through ICICI bank subsidiaries in these two countries. Customers will be able to remit money to various international destinations such as China, Bangladesh, Sri Lanka, Philippines and Nepal. This service will shortly be rolled out in other originating and receiving geographies. Customers.....

Ruchi Infra raises US$ 40 mn via Zero Coupon FCCB SBICAP(UK) Ltd

Saturday, March 17, 2007,10:32 [IST]

Mumbai, Feb 21 (UNI) SBICAP (UK) Ltd, the wholly owned subsidiary of SBI Capital Markets (SBICAP) has successfully concluded a USD 40 million Zero Coupon Foreign Currency Convertible Bond (FCCB) issue for Ruchi Infrastructure Ltd. SBICAP (UK) was the sole lead manager for the issue. Ruchi Infrastructure Ltd is a part of Ruchi Group of Industries. The tenure of the FCCBs is 5 years and 1 day. The bonds will be listed on the Singapore Stock Exchange. In a statement,.....

Limitless Updates

Business News

News Archives

GVFL to invest in RapidRadio Solutions from NirmaLabs

Saturday, March 17, 2007,10:33 [IST]

Ahmedabad, Feb 21 (UNI) GVFL, India's pioneer Venture Capital Company today announced its decision to invest an initial Rs 8 million in RapidRadio Solutions Pvt Ltd, a technology start-up spun off from the NirmaLabs incubator program. RapidRadio marks GVFL's first investment in a start-up from an academic incubator programme. RapidRadio Solutions began its operations in 2005 in the area of Radio Frequency Identification (RFID) technology. GVFL will make the seed stage investment from its Rs 270 million Gujarat IT Fund......

Actis Tech joins Codian for World Class Video Conferencing infrastru

Saturday, March 17, 2007,10:33 [IST]

Mumbai, Feb 21 (UNI) Actis Technologies Pvt Ltd, a leading audio visual and environment control solutions provider in India today joined with Codian, a leading manufacturer to bring Codian's innovative video conferencing infrastructure, including its revolutionary high definition HD MCU 4500 Series to India. Actis Technologies Pvt Ltd, Director, Mr Abhimanyu Gupta told reporters,''The Codian MCU 4500 Series is its latest generation and the only line of video conferencing bridges to deliver full-motion high definition(HD) Continuous Presence conferencing to users with.....

Garnet Constructions ties up with Sternon for selling its project

Saturday, March 17, 2007,10:33 [IST]

Mumbai, Feb 21 (UNI) Garnet Constructions, a decade old real estate property developer has entered into an exclusive global marketing alliance with a Dubai-based real estate developer Sternon to market its forthcoming residential and commercial projects to prospective buyers around the world. Briefing the media here today, Director of Garnet Constructions Arun Kumar Kedia said,''Though the project, coming up at Panvel on the outskirts of Mumbai, is aimed at NRIs, we are also looking at domestic market for the same''......