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Hit by big blows, desi audit cos seek growth with global tie-ups

The primary reason, for global tie-ups, being cited is the growing complexity in audit business.

logistics sector

Dec 08, 2019, 09.36 PM IST

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LOGISTICS SECTOR

Allcargo Logistics buys controlling stake in Gati

The all-cash deal will see the company eventually acquiring about 45% in Gati through a direct purchase of the promoters’ stake and a subsequent open offer. It values the company at about Rs 1,000 crore. Allcargo is funding this deal through a mix of internal accruals and debt. Internal accrual is through monetisation of non-core assets including land parcels.

Why government needs to implement GPS in earnest in logistics industry

In other countries, GPS devices have been used for the last two decade...

Govt to launch PMKVY-III in next financial year: Skill development minister

Govt launched the PMKVY scheme in 2015 and revamped it in 2016 to...

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