Business briefs

Travel company Cox & Kings Monday said it has entered into a strategic tie-up with RCI, the global leader in vacation exchange and part of the Wyndham Destinations, to facilitate ancillary travel services for their India membership base. The tie-up will provide RCI members with all facilities under one roof while on a RCI holiday, be it visa processing, air tickets or transfers.

****************** Cogoport to expand its services

* Digital freight logistics services provider Cogoport Monday said it is expanding its services to accommodate imports from Asia in a boost for customers across the country. Cogoport has now added a wide-selection of services for Asian route into India beginning with ports from China and to be followed by others across the Asia region, the company said in a statement issued here.

*********************** Visa launches interoperable transport card

* Global payments technology company Visa Monday launched an interoperable transport card to be used for payments across all transit segments including metro, bus, suburban railways, toll, parking, smart city and retail.

The National Common Mobility Card (NCMC), also known as One Nation, One Card, allow customers for the contactless feature of tapping to pay, store transit passes on the card, provides multiple ways to top-up the offline balance on the card, among others. ******************

Future Supply Chain Solutions Q4 net profit at Rs 16 cr * Future Supply Chain Solutions Monday reported a profit of Rs 16 crore for the quarter ended March 31, 2019 as against a loss of Rs 4.6 crore, a year ago, mainly on the back of increase in revenues from operations.

Its total revenues from operations during January-March quarter increased 33.1 per cent to Rs 302.1 crore from Rs 227 crore in Q4 FY18, the release said. During the year, the company added 12 new clients to its contract logistics portfolio during the year and many more in other areas of service, while its warehouse space increased by 3.08 million sqft to 7.66 million sqft during the year.

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