Commerce News - Latest Updates & Headlines
Centre sets up Global Tariff and Trade Helpdesk to assist exporters, importers
New Delhi, April 11: The Centre has operationalised a dedicated ‘Global Tariff and Trade Helpdesk’ to assist the country’s exporters and importers in navigating emerging trade issues due to the hike in tariffs announced by the US.
India, US likely to sign trade pact within 90-day tariff-pause period
New Delhi, April 11: The first phase of the bilateral trade agreement between India and the US is likely to be concluded within the tariff-pause period of 90 days fixed by the Donald Trump administration, according to official sources.
T Koshy quits as ONDC head, new team to lead
New Delhi, April 10: T Koshy, the founding Managing Director and CEO of the government-backed Open Network for Digital Commerce (ONDC), has stepped down from his role.
India's exports surge to record $820 billion in 2024-25 despite global challenges
New Delhi, April 10: India's goods and services exports have crossed a record $820 billion in financial year 2024-25, which represents a close to 6 per cent increase over the corresponding figure of $778 billion for the previous financial year, despite the economic uncertainties in global markets, according to data compiled by the Commerce Ministry.
Piyush Goyal encourages exporters to take long term view of India-US trade
New Delhi, April 9: Union Minister of Commerce and Industry, Piyush Goyal, on Wednesday held discussions with the Export Promotion Councils and industry bodies here in the light of the emerging trade scenario.
UAE-Lithuania Business Forum explores future cooperation opportunities in technology, renewable energy sectors
Sharjah, April 9: The UAE-Lithuania Business Forum, held today, Wednesday, at the Sharjah Chamber of Commerce and Industry (SCCI), showcased opportunities to enhance bilateral economic relations and expand cooperation in high-potential sectors including technology and green energy.
US tariffs: Piyush Goyal likely to meet exporters this week
New Delhi, April 6: Keeping the US reciprocal tariffs and its future impact on Indian businesses in mind, Union Commerce and Industry Minister, Piyush Goyal, is likely to meet exporters this week.
US tariffs: India must consider safeguarding its national interests, says P.S. Chandhok
New Delhi, April 5: As the US reciprocal tariffs begin to shake up the world economy, India must consider how to approach this matter in a best possible way while safeguarding its national interest, Pervinder Singh Chandhok, who has been associated with the Middle East Chamber of Commerce, said on Saturday.
India steps up vigil against cheap Chinese imports amid US tariff hike
New Delhi, April 5: India has stepped up vigil to prevent the dumping of cheap Chinese imports in the country after the steep US tariff hike on the goods exported by the Communist country.
India studying opportunities that may arise from new US trade policy: Commerce Ministry
New Delhi, April 3: Faced with US President Donald Trump's reciprocal tariffs, India on Thursday said that it is studying the opportunities that may arise from this new development in US trade policy.
Trump's tariff to slow down global export growth from 2.9% in 2024 to 1.3% in 2025-26: HSBC
New Delhi, April 3: The imposition of reciprocal tariffs by the US President Donald Trump is set to slow down global trade significantly, according to a report by HSBC Research.
US Commerce Secy Lutnick evades India tariff question post Trump's announcement
Washington DC, April 3: US Commerce Secretary Howard Lutnick avoided a question on tariffs on India.
US calculation inflates India's tariffs on American goods: Bernstein
New Delhi, April 3: The US estimate of the tariffs imposed by India on American goods is an inflated figure because it includes non-tariff measures such as domestic taxes levied in the country, according to an analysis by leading brokerage Bernstein.
India stands less impacted by Trump tariffs than global peers: Industry
New Delhi, April 3: As US President Donald Trump announced reciprocal tariffs on dozens of countries, including India, industry experts said on Thursday that it appears India's export competitiveness to the US market stands far less impacted on a relative basis compared to global peers.
GeM facilitates hiring of over 1 million manpower resources in FY 2024-25: Centre
New Delhi, April 2: Digital procurement platform Government e-Marketplace (GeM) has facilitated the hiring of over one million manpower resources by government organisations in the fiscal year 2024-25, said the Ministry of Commerce and Industry on Wednesday.
Digital media surpassed TV with 32% of media revenue: Report
New Delhi, April 2: Digital media has surpassed traditional media such as television, capturing 32 per cent of India's media revenues of Rs 802 billion in the calendar year 2024, according to a report by Elara Capital.
Nikhil Kamath's Gruhas leads Rs 12.5 crore investment in LehLah
Mumbai, April 1: LehLah, a creator-led content commerce startup, has raised Rs 12.5 cr in its seed funding round, led by Gruhas, a company co-founded by Nikhil Kamath and Abhijeet Pai. This investment highlights the growing appeal and market presence of LehLah.
E-commerce sector in India to see highest salary hike in 2025: EY Report
New Delhi, March 31: The e-commerce sector in India is expected to witness the highest salary increments in 2025, with hikes surpassing 10 per cent, according to a report by EY.
India, US hold trade talks; to work towards negotiating first tranche of FTA
New Delhi, March 29: India and the United States held trade talks in New Delhi as part of efforts to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025.
Piyush Goyal assures investors of government support against challenges, including anti-dumping measures
New Delhi, March 29: Union Commerce and Industry Minister Piyush Goyal on Saturday assured the investors that the government is ready to help whenever they face challenges, be it through anti-dumping measures or predatory pricing to protect the domestic.
Sonowal lauds Lok Sabha passing 'Carriage of Goods by Sea Bill', says legislation will enhance ease of doing business
New Delhi, March 29: Lok Sabha on Friday passed 'Carriage of Goods by Sea Bill, 2024' which aims to modernise, update legal framework as well as enhance Ease of Doing Business (EODB) in India's maritime sector.
Crucial in strengthening India's foundation in maritime commerce: Sarbananda Sonowal on replacing old British-era Act
New Delhi, March 28: Union Minister Sarbananda Sonowal, while presenting the 'Carriage of Goods by Sea Bill, 2024' by replacing the colonial-era 'Carriage of Goods by Sea Act, 1925' in the Lok Sabha, on Friday, asserted that the passage of new Bill will boost India's legal foundation for maritime commerce.
Core sector industries clock 2.9 pc growth in Feb: Centre
New Delhi, March 28: The combined Index of Eight Core Industries (ICI) increased by 2.9 per cent in February, as the production of cement, fertilisers, steel, electricity, coal and refinery products recorded positive growth, according to data released by Ministry of Commerce and Industry on Friday.
Quick-Commerce must adapt beyond major metros to sustain profitable growth: Bain & Flipkart Report
New Delhi, March 28: Quick-commerce (q-commerce) platforms in India must adapt their business models for markets beyond major metros to sustain profitable growth, according to a report by Bain & Company and Flipkart.
India's express parcel market to add 24-29 bn shipments to logistics sector by FY30
Bengaluru, March 28: India's express parcel market is set for exponential growth, adding 24-29 billion shipments to the logistics sector by FY2030, a report showed on Friday.
India's Industrial and Logistics sector set for strong growth in 2025 due to high demand from E-commerce: CBRE
New Delhi, March 28: India's industrial and logistics (I&L) sector is expected to witness strong growth in 2025, driven by increasing demand for warehousing, particularly from e-commerce companies, according to a report by CBRE.
FM Sitharaman discusses strengthening India-US business ties with US Chamber of Commerce CEO
New Delhi, March 27: Union Finance Minister Nirmala Sitharaman on Thursday met US Chamber of Commerce President and CEO Suzanne Clark to discuss the growing business ties between India and the United States.
E-retail market in India poised to reach $170-$190 billion in GMV by 2030
New Delhi, March 27: Amid the rise in quick commerce, trend-first commerce and hyper-value commerce, India's e-retail market is projected to reach $170-$190 billion in gross merchandise value (GMV) by 2030, a report showed on Thursday.
More substandard goods seized in BIS raids on Amazon, Flipkart warehouses
New Delhi, March 27: The Bureau of Indian Standards (BIS) has seized more goods that did not have the mandatory ISI mark or had fake ISI labels from Amazon and Flipkart warehouses as part of the crackdown against shoddy goods being sold on e-commerce platforms, according to a statement issued by the Ministry of Consumer Affairs on Thursday.
BIS intensifies crackdown on e-commerce firms like Amazon and Flipkart
New Delhi, March 27: The Delhi Branch of the National Standards Body of India, Bureau of Indian Standards (BIS) have seized over 3,500 products, both without an ISI mark and marked with fake ISI labels, from warehouses of Amazon Sellers located in Mohan Cooperative Industrial Area Delhi.
Jaishankar, US Chamber of Commerce CEO Clark hold talks on deepening trade and investments
New Delhi, March 26: External Affairs Minister S Jaishankar held a meeting with US Chamber of Commerce President and CEO Suzanne Clark in Delhi on Wednesday and discussed deepening trade and investments, building resilient supply chains and strengthening strategic partnership between two nations.
BofA downgrades Zomato and Swiggy, cites slowing growth, high competition
Mumbai, March 26: Bank of America (BofA) has downgraded its ratings on Zomato and Swiggy, citing concerns over slowing growth in food delivery and rising competition in quick commerce.
ONDC surpasses 200 mn transactions, last 100 mn in just 6 months
New Delhi, March 24: The Open Network for Digital Commerce (ONDC) on Monday said it has officially crossed the 200 million transaction mark, reaffirming its role as a game-changer in India's digital commerce landscape.
Emirates Franchise convenes second meeting of 2025 to advance sector development
Abu Dhabi, March 23: The Emirates Franchise held its second meeting for 2025, chaired by Noor Al Tamimi, Chairperson of Emirates Franchise and Board Member of the Abu Dhabi Chamber of Commerce and Industry, with representatives from other emirates in attendance.
Rs 25,200 crore investment committed by 35 firms in 2nd round of PLI scheme for steel: Centre
New Delhi, March 23: Around 35 companies have shown interest in the second round of the PLI scheme for specialty steel, with commitment of Rs 25,200 crore investment, according to the Ministry of Commerce and Industry.
Union Minister Pralhad Joshi inaugurates Industrial Warehouse in Uttar Pradesh's Gorakhpur
Gorakhpur, March 22: Union Minister Pralhad Joshi on Saturday inaugurated a Grade 'A' industrial warehouse in Uttar Pradesh's Gorakhpur, in response to the growing demand driven by industrialisation and the expansion of the e-commerce sector in the region.
PLI schemes clock Rs 1.61 lakh crore in investment, generate 11.5 lakh jobs
New Delhi, March 22: The production-linked incentive (PLI) schemes have clocked Rs 1.61 lakh crore in investment, Rs 14 lakh crore in production and Rs 5.31 lakh crore in exports while creating 11.5 lakh jobs, the government said on Saturday.
BIS cracks down on e-comm platforms selling unsafe products, raids warehouses
New Delhi March 20: Bureau of Indian Standards (BIS) on Thursday carried out search and seizure operations at multiple warehouse locations of leading e-commerce platforms, including Amazon and Flipkart, in cities like Lucknow, Gurugram and Delhi.
Super-Saver offer like Zepto won't make sense for Blinkit: HSBC Global Research
New Delhi, March 20: A HSBC Global Research report says that for Blinkit, it may not make sense to offer Super-Saver offer like Zepto's.
India's warehousing and logistics sector sees massive 203 pc investment surge in 2024
New Delhi, March 20: The Indian warehousing and logistics sector received investments worth $1.96 billion in 2024, accounting for 29 per cent of the total institutional investment garnered in the real estate sector last year, a report showed on Thursday.