The decision to review and adjust pricing annually is driven by a multitude of factors. These include current macroeconomic conditions, geopolitical tensions, tighter monetary and fiscal policies, inflationary pressures, and exchange rate fluctuations. All of these elements impact the cost structure, necessitating a reasonable tariff adjustment.
The company is also focused on reducing Co2 emissions and investing in green transportation technologies. Additionally, Blue Dart is making significant investments in its IT infrastructure to enhance data security and improve the user experience.
Balfour Manuel, managing director of Blue Dart, stated that the company's annual price adjustment aims to invest in infrastructure, cutting-edge technology, and sustainable solutions to ensure resilience and top-tier customer solutions. This includes advancements in aviation infrastructure, vehicle fleets, hub and gateway expansions, and a commitment to addressing rising costs while maintaining service excellence.
Blue Dart Express specializes in express air and integrated transportation services. They provide secure and reliable delivery of consignments to over 55,000 locations in India. As part of the DHL Group's DHL eCommerce division, Blue Dart has access to a vast global network covering over 220 countries and territories. They offer a comprehensive range of distribution services, including air express, freight forwarding, supply chain solutions, and customs clearance.
On a consolidated basis, net profit of Blue Dart Express declined 48.41% to Rs 61.28 on 4.31% decline in net sales to Rs 1237.55 crore in Q1 June 2023 over Q1 June 2022.
Shares of Blue Dart Express rose 0.29% to Rs 6687.40 on 29 September 2023.
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At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources, received through Whatsapp, Telegram, SMS, Calls, etc and take an informed decision before investing.
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: