InterGlobe Enterprises plans to introduce a new business named logistics and cargo. InterGlobe has formed a 50:50 joint venture with Atlanta-based logistics giant United Parcels Service (UPS).

• ChatGPT Mobile App Introduces Video and Screensharing Features
• India’s Forex Reserves Drop by $3.23 Billion to $654.86 Billion on 6th Dec
• Paraguayan President Santiago Pena Opens Jerusalem Embassy
• Premier Energies Planning to Establish 1 GW Manufacturing Plant in Telangana 
• International Gemmological Institute (India) IPO GMP, Lot Size & Key Dates

UPS was scouting for a local partner to grow its business in India, which has primarily stagnated compared with its global peers like DHL and FedEx. UPS floated a company, Iris Transportation Service, in 2021, in which InterGlobe picked up a stake of 50 per cent around the middle of last year.