Latest News, Updates & Breaking Headlines
Canada has conveyed its intent to expedite the launch of formal negotiations for a free trade agreement (FTA) with India, signalling a reset in bilateral trade engagement after talks were paused in 2023, PTI reported citing an official statement on Wednesday.Canada’s Minister of Export Promotion, International Trade and Economic Development Maninder Sidhu has invited Commerce…
India and the European Union have successfully concluded negotiations for a long-pending Free Trade Agreement (FTA), Commerce Secretary Rajesh Agrawal said on Monday, PTI reported. Calling the agreement balanced and forward-looking from India’s perspective, Agrawal said the deal would deepen economic integration between India and the EU and give a boost to bilateral trade and…
BENGALURU: Reliance Industries on Thursday said JioMart is on track to become India’s second-largest quick commerce player, underscoring intensifying competition among rapid-delivery platforms even as rivals await their latest quarterly results.In its earnings presentation, Reliance said JioMart’s hyperlocal commerce business recorded a daily run-rate of about 1.6 million orders during the December quarter. Online average…
India and the United States are continuing discussions on a possible trade agreement, with both sides seeing scope for a deal, Commerce Secretary Rajesh Agrawal said on Thursday, PTI reported.“Both sides are engaged (in trade deal talks)… and both sides feel that there can be a trade deal,” Agrawal told reporters, indicating that conversations between…
Walmart-owned Flipkart, Swiggy and IPO-bound Zepto have stopped promoting their grocery businesses as “10-minute” delivery services following a government intervention prompted by road safety concerns, according to a Reuters report.The move comes after the labour ministry, at a private meeting on Saturday, asked some companies to discontinue the “10-minute” branding amid concerns over rash driving…
Nvidia has received the green signal to export advanced artificial intelligence chips to China! The US commerce department on Tuesday, signalled a policy shift, approving the tech giant to sell its H200 chips to Beijing, under certain restrictions.The development follows an announcement by US President Donald Trump last month permitting exports of the H200, provided…
NEW DELHI/MUMBAI: In a bid to ensure safety of delivery partners and reduce pressure created by aggressive delivery timelines, govt has urged quick commerce companies to stop branding of “10-minute” delivery services. The nudge has had impact with some firms dropping timelines as their main pitch.Blinkit and Instamart have removed the claim and changes by…
NEW DELHI: Quick commerce platforms on Tuesday agreed to remove “10-minute delivery” service following the intervention of Union minister Mansukh Mandaviya over the safety of delivery partners, news agency ANI reported, citing sources.This comes after Mandaviya held discussions with officials of Blinkit, Zepto, Swiggy, and Zomato, advising them cut slack on the strict delivery time…
India and the European Union have asked their officials to resolve outstanding issues and accelerate negotiations to finalise the proposed free trade agreement, according to an official statement issued on Saturday, PTI reported.Commerce and Industry Minister Piyush Goyal and EU Commissioner for Trade and Economic Security Maros Sefcovic met in Brussels to review the status…
US commerce secretary Howard Lutnick made a big statement over why the India-US trade deal is not sealed yet. The official claimed that it was because PM Modi didn’t call Trump.When asked about the India-US trade deal, Lutnick said, “Let’s be clear, it’s his deal.He’s the closer. He does the deal. So I said, you…
