Search result for COMMERCE
More and more groups are coming together to support ONDC, which bodes well for the realization of the vision of open, unfettered e-commerce.
Gopal Srinivasan, Chairman and MD of TVS Capital, has said, "The limit of ONDC (Open Network for Digital Commerce) is the limit of our own imagination." When Kudumbashree, a government-supported network of women's neighborhood groups in Kerala, signed on to the plan in March, he cou...
South Korea is getting ready to bring the World Expo to Busan in 2030.
The inspections for the World Expo 2030 are coming up soon. South Korea is getting ready for the expo that will be held in Busan. The Busan Expo Bidding Committee held a meeting on Friday to talk about the country's chances of getting the expo. Now that World Expo 2020 is over, everyone is lo...
Fifty Foreign Firms Have Been Given Invest Approval by Thailand Commerce Ministry in April
On Tuesday, the Deputy Commerce Minister of Thailand, Sinit Lertkrai, said that the Commerce Ministry had given the go-ahead to fifty international companies in April for conducting business in the country under the Foreign Business Act.
He said that these foreign companies had invested...
Thai companies will travel to Saudi Arabia for an official trade mission
For the first time in 32 years, the Thai Chamber of Commerce will lead business delegations to Saudi Arabia to restore trade and investment links.
According to Sanan Angubolkul, chairman of the chamber, the business sector will follow the official Thai trade mission led by Foreign Affai...
CHINA SAW ITS FDI TO RISE 38.6% IN JANUARY – APRIL PERIOD
Highlights –
- China saw its FDI to rise 38.6% in January-April period.
- China saw foreign investment in the services industry to surge 46.8 percent year on year.
- Association of Southeast Asian Nations investments expanded 65.2 per...
REMOVAL OF XIAOMI FROM US BLACKLIST BENEFICIAL TO CHINA, US & WORLD SAYS CHINESE COMMERCE MINISTRY
Highlights
• The Joe Biden administration on Wednesday made a decision to remove Chinese smartphone maker Xiaomi from the list blacklisted companies that restricted it from accessing American investment
Welcoming the US' move to remove Xiaomi Corp. from its blacklist,...
SOCIAL COMMERCE FASHION PLATFORM BROWZZIN LAUNCHED IN INDIA
HIGHLIGHTS
- A social Commerce platform for fashion called Browzzin has been launched in India
- Browzzin is going to invest US $ 5 million in India.
- Browzzin will feature over 12 million products worldwide or 3 million products for India in it...
AMERICAN BUSINESS GROUPS FORM TASK FORCE TO HELP INDIA
HIGHLIGHTS
- Many American business groups and CEOs have formed task force to mobilize help for COVID-hit India.
- Recently, US secretary of state Antony Blinken and members of the US business community discussed this initiative.
Many im...
US ECONOMY GREW AT ANNUAL RATE OF 6.4 PERCENT IN LAST QUARTER
Highlights
• This growth in the economy showcases impetus provided by government aid and the number of COVID-19 cases going downwards
• As per the economists, the growth in the present quarter is likely to be faster and reach annual pace of 10 percent
&bull...
ALIBABA EXPECTS NO MATERIAL IMPACT AFTER BEING FINED $2.75 BILLION
Highlights –
- Alibaba expects no material impact after being fined $2.75 billion.
- Alibaba was fined by China’s antitrust regulator for abusing market dominance.
- Alibaba Group Holdings Ltd shares rose as much as 9% in Hong Kong tr...
US TRADE DEFICIT WIDENS TO RECORD $71.1 BN IN FEBRUARY
Highlights
• According to the Commerce Department data released on Wednesday, the gap in trade of both goods and services went up to a sum of $71.1 billion in February from a revised $67.8 billion a month prior
• On the other hand, total imports went down by 0.7% to ...
ENERGY COOPERATION IS A CORNERSTONE IN INDIA-US RELATIONSHIP: US CHAMBER OF COMMERCE
Highlights
• This statement from US Chamber of Commerce comes at a time when New Delhi embarks on a strong multi-decade energy transformation journey
• The importance of collaboration in areas like decarbonization, water, energy, emissions reduction, finance, efficie...
US DEPARTMENT OF COMMERCE OPENS INVESTIGATION INTO SEAGATE FOR HUAWEI SANCTIONS BREACH
Highlights
• As per the reports, this investigation will be revolving around controller chips inside the drives
• The US Department of Commerce had previously imposed tougher sanctions on Chinese smartphone maker in an attempt to prevent its attempts to circumvent US...
S. KOREA E-COMMERCE COMPANY COUPANG INC. TO DEBUT IN NYSE
Highlights –
- S. Korea e-commerce company Coupang Inc. to debut in NYSE.
- The e-commerce company is set to fix its IPO within next week.
- Coupang is hoping to price its offering at between US$27 and $30 per share to raise up to $3.6 bill...
SUZANNE CLARK ALL SET TO BECOME FIRST WOMAN CEO OF US CHAMBER OF COMMERCE
Highlights
• Clark will take over the charge from Thomas J. Donohue on March 11, 2021
• Suzanne Clark also is a board member of agricultural equipment maker AGCO and TransUnion, a global risk and credit information provider
• Clark’s appointment ...
US GDP EXPANDED AT 4% ANNUALIZED RATE IN THE FOURTH QUARTER
Highlights
• According to a preliminary estimate released by the Commerce Department on Thursday, the American gross domestic product expanded at a 4 percent annualized rate in the fourth quarter
• The output of goods and services slumping in the last quarter as comp...
U.S. NOTIFIES HUAWEI SUPPLIERS ABOUT REVOCATION OF THEIR LICENSES
Highlights
• The US federal government has notified several suppliers of Chinese tech company Huawei Technologies Co. about revocation of their licenses to work with Chinese company
• The US Commerce Department has indicated about its intention of denying a significa...
U.S. CLAIM ABOUT DISCRIMINATORY DIGITAL SERVICES TAX IS FALSE: INDIA
Highlights
• India’s Ministry of Commerce and Industry said it will be examining the decision notified by the U.S. and then take appropriate action
• The USTR had commenced probe in the month of June 2020 against Equalisation Levy (EL), on the ground of Section...
CHINA AND EU COMPLETES INVESTMENT AGREEMENT NEGOTIATIONS
Highlights –
- China and the EU complete investment agreement negotiations.
- The investment deal is said to have been announced after seven years of negotiations.
- The deal is said to stabilize and smoothen global industrial and supply ch...
CHINA MINISTRY OF COMMERCE ENCOURAGES MORE SECTORS FOR FOREIGN INVESTMENT
Highlights –
- China Ministry of Commerce encourages more sectors for foreign investment.
- China’s National Development and Reform Commission also encourages the same.
- The new list has 127 more items, which is a rise of 10 percent ...