Mahindra Logistics ties up with Gulf Oil Lubricants
Mahindra Logistics Monday said it has partnered with Gulf Oil Lubricants India (Gulf Oil), a leading lubricant manufacturing and marketing company to provide the latter its technology-driven logistics solutions.
The association will enable Gulf Oil strengthen its supply chain and implement post GST supply chain consolidation strategy which is focused on achieving efficiencies in total cost, Mahindra Logistics said in a statement issued here.
As part of this association, a central distribution center (CDC) has been set up in Chennai with state-of-art warehouse management systems (WMS) to serve the entire product portfolio of Gulf Oil.
VIP Industries appoints Sudip Ghose as managing director Luggage maker VIP Industries Monday said it has elevated Sudip Ghose as its managing director with effect from April 1, 2019.
Ghose is currently the chief executive officer of VIP Industries.
"Sudip joined the organisation as head of marketing in 2013 and in the last 6 years has made invaluable contribution in various capacities including sales and marketing. I am confident that under his leadership, the company will continue to grow," VIP industries vice chairperson Radhika Piramal said.
PPAP Automotive Q3 net profit falls 27.38% to Rs 5.94 crore Auto component maker PPAP Automotive's net profit declined 27.38 percent to Rs 5.94 crore in the December quarter impacted by drop in passenger vehicles (PV) sales, the company said in a statement Monday.
PPAP Automotive had reported a profit of Rs 8.18 crore in Q3FY18.
Revenue from operations for the reporting quarter grew 3.7 percent to Rs 93.52 crore as compared to Rs 90.22 crore during the same period last year, the company said in a statement.
"The passenger car industry is facing short-term challenges due to poor market sentiments alongwith natural calamities, vehicle financing issues and high oil prices.
These challenges have impacted the financial performance of the company in the short term," said Ajay Kumar Jain, chairman and managing director of PPAP Automotive.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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