Tag: India

DHL launches Indian trade confidence index

Posted by | Jul 22, 2003 | |

The WTO deadline is expected to have a major impact on exports from India, so DHL Worldwide Express has launched the DHL Trade Confidence Index, which will measure the attitudinal outlook of exports including the expectations and drivers for export expectations.

Reported to be the first of its kind for international trade in India, it is a measure of the perceived momentum of exports and will serve as a benchmark for future expectations, according to Mr Ramesh Natarajan, Head-Marketing, DHL Worldwide Express (I) Ltd.

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DHL Forecasts 25% Annual Growth in India

Posted by | Jul 8, 2003 | |

In India, DHL is betting that growth will come from fashion, auto parts, information technology and electronics. The worldwide communication exercise has been launched, the new fleet of trucks is on the roads, and efforts are on to drive home the new positioning. ‘DHL traditionally did international, time definite and door-to-door deliveries,’ said Mr Ramesh Natarajan, Head – Marketing, DHL Worldwide Express India. ‘DHL is bridging this gap through a series of initiatives.’ DHL is predicting a 25 per cent year-on-year growth rate in India, and is planning express handling facilities in airports, he added

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Deutsche Post eyes Blue Dart (India) – open offer likely

Posted by | Jul 8, 2003 | |

Even after the multi-billion dollar acquisitions of DHL Worldwide and Dansas, the German postal group Deutsche Post World Net seems to be hungry for more. It has been gathered that the company now intends to make an entry into the Indian domestic express business by making an open offer for Blue Dart Express. While the stake percentage to be bid for could not be ascertained, sources have it that the open offer may be around Rs 120. Blue Dart shares currently trade at Rs 78-83 on The Stock Exchange, Mumbai (BSE), with a 52-week low and high of Rs 52 and Rs 89 respectively. The company, sources said, has already appointed a merchant banker to work out the modalities of the open offer. When contacted by FE, DHL Indias country manager Chris Callen said that he was not in a position to comment on shareholder issues.

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TNT India sees biomedical shipments soar

Posted by | Jun 26, 2003 | |

TNT India, sees huge business in handling biomedical shipment service, as the country becoming an important base for clinical trials. “As India has attracted 20 clinical trial companies, to cater to this business we are investing on human resources and training personnel in dangerous goods handling,” said Ni Sheng Jie, general manager, life science, TNT Asia.

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Indian Courier Co's plan to hike rates by 30%

Posted by | Jun 19, 2003 | |

Courier companies, lead by big names including Blue Dart, First Flight and Overnite Express, are planning 25-30% hike in courier and parcel rates in next fortnight following 67% hike in on-board courier rates by domestic airlines.

The rate hike has been effected only for the courier industry and not on postal services, including EMS SpeedPost. Expenses incurred on board courier accounts for around 30% of operational cost of express courier companies. The Express Industry Council of India (EICI) has written to the civil aviation ministry but is yet to get a response. If they do not get any response within the next 10-15 days, they may pass on the hike to their customers.

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