Logistics firm Shiprocket files new papers for IPO of Rs 2,342 cr

Gurugram-based Shiprocket, which offers shipping and supply chain services to direct-to-consumer (D2C) brands selling online, has filed an updated draft red herring prospectus (UDRHP) for an initial public offering (IPO) of Rs 2,342 crore.Shiprocket is looking to raise Rs 1,100 crore in fresh capital as investors including Tribe Capital, Arvind Ltd, March Capital and Bertelsmann […]

Arvind Ltd is realigning its supply chain and expanding outside the US to beat the tariff hit

The management of leading apparel manufacturer and exporter Arvind Ltd on Friday said India is at a disadvantage following the final US tariff imposed in the first quarter of this year. The company has adopted a multi-pronged strategy to navigate this by realigning its supply chain, expanding into non-US markets and optimizing costs. Speaking to […]