India and Bangladesh commencing cross-border trade settlement in Indian rupee (INR) would promote two-way commerce by reducing transaction cost, an industry official said on Sunday. CII national committee on EXIM Sanjay Budhia said that since all exports and imports and settlement of trade transactions under this arrangement may be denominated and invoiced in… Continue reading Trade settlement in INR btw India-Bangladesh to boost commerce: CII EXIM
Tag: Commerce
India, Peru to resume FTA discussions to promote commerce, investment
India and Peru have agreed to recommence negotiations for a proposed Free Trade Agreement (FTA) aimed at boosting trade and investment between the two countries. Discussions are slated to begin after the G20 summit scheduled in September. “We’ve decided to proceed with the FTA negotiations. We’ll be determining the priority areas post September,… Continue reading India, Peru to resume FTA discussions to promote commerce, investment
Quick commerce gains traction as firms edge towards profitability
Quick commerce is proving to be a solid business proposition. Companies like Zomato’s Blinkit and Y Combinator-backed Zepto have recently shown growth, charting clear paths to profitability. Blinkit logged its highest gross order value (GOV) and customer transactions in June and July, showing a positive contribution for the first time in the quarter… Continue reading Quick commerce gains traction as firms edge towards profitability
Tesla discusses India plans with commerce minister Goyal in Delhi -sources
By Aditya Kalra and Shivangi Acharya NEW DELHI (Reuters) – India’s Commerce Minister Piyush Goyal met senior U.S.-based Tesla executives last week in a closed-door meeting to discuss the carmaker’s plans to establish a manufacturing plant in the country, two people with direct knowledge of the matter told Reuters. Tesla has expressed… Continue reading Tesla discusses India plans with commerce minister Goyal in Delhi -sources
Commerce dept seeks Centre’s nod for US-led IPEF ‘supply-chain’ agreement
The Commerce Department has sought the Union Cabinet’s approval for the United States-led Indo Pacific Economic Framework’s (IPEF) ‘supply-chain’ agreement, according to informed sources. “The legal vetting process of the supply chain pillar’s text is now complete. The full text, along with the texts of all four pillars under the IPEF, will be… Continue reading Commerce dept seeks Centre’s nod for US-led IPEF ‘supply-chain’ agreement
Commerce minister Piyush Goyal to meet e-commerce firms on Wednesday
Commerce and Industry Minister Piyush Goyal is scheduled to meet representatives of e-commerce firms and domestic traders body CAIT on August 2 to discuss issues related to the sector, an official said. Representatives from different companies including Amazon, Flpikart, Tata CLiQ, Reliance, Zomato, Swiggy and Meesho are expected to participate in the deliberations.… Continue reading Commerce minister Piyush Goyal to meet e-commerce firms on Wednesday