The coronavirus-induced COVID-19 pandemic is boosting up air freight rates as we head into peak Christmas shopping season. The pandemic, which caused a sharp fall in passenger flights, in tandem with rising demand for e-commerce has set the stage for… Read More ›
In a report, the Economic Times reported citing three sources familiar with the matter at hand as saying, India’s salt-to-software conglomerate Tata Group is in advanced talks to acquire to a majority stake in Indian online grocery startup BigBasket for… Read More ›
On Monday, the Organisation for Economic Co-operation and Development said, the global economy could see a drop of more than 1% in output if international talks to rewrite cross-border tax treaties break down and trigger a trade war. On Friday,… Read More ›
On Wednesday, India’s Reliance Industries Ltd stated, U.S. Fund General Atlantic plans on investing $498.31 million (36.75 billion rupees) for a 0.84% stake in its retail arm, marking it as the latest entrant in a series of investments at the… Read More ›
In efforts aimed at supporting a delivery network that is increasingly being taxed by the COVID-19 induced fueled online shopping, United Parcel Service Inc said, it will be hiring 100,000 workers for the winter holiday shopping season. UPS, the world’s… Read More ›
On Monday, officials from Japan’s antitrust authority raided the offices of e-commerce giant Rakuten Inc following complains from online merchants regarding the company’s free shipping policies With the news reaching the market, its shares fell briefly by 3%. Rakuten’s spokeswoman… Read More ›
On Friday, Singapore’s sovereign wealth fund, GIC stated, it had signed a deal to acquire a logistics real estate portfolio from Apollo Global Management’s affiliates for about $1 billion (950 million euros). “The portfolio comprises of 28 logistics assets across… Read More ›
Cyber Monday sales, riding on the back of a bumper Black Friday sales, are on course to bring in a record $9.2 billion, according to evening estimates. Shoppers have had nearly a month of offers and deals with retailers banking… Read More ›
The cash and stock deal will see Elanco becoming the world’s second biggest animal health company and expand its footprint in the pet e-commerce space. On Tuesday, Elanco Animal Health stated it would acquire Bayer’s veterinary drugs business in what… Read More ›
Chewy is expanding its footprint into an industry which has historically held up well in economic downturns. Pet products retailer Chewy Inc stated, it had priced its initial public offering at $22 per share, above its target, and had sold… Read More ›
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