Rapido’s rapid rise: Uber CEO says startup has overtaken Ola as its key competitor in India; here’s what he said

Uber CEO Dara Khosrowshahi NEW DELHI: Uber CEO Dara Khosrowshahi has identified Rapido as the company’s biggest challenger in India, saying the bike-taxi and ride-hailing startup has now overtaken Ola […]

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End of $800 duty-free exemption: European postal services halt US shipments; PostEurop says all operators could halt by August 29

Royal Mail post office (AP) European postal services are suspending shipments to the United States after Washington announced the end of the long-standing “de minimis” tariff exemption, sparking confusion over […]

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Nayara Energy, India’s Russia-backed refinery, faces fresh US, EU sanctions trouble; EPC work hit – here’s what’s happening

Although Nayara Energy faces no direct sanctions, it is facing heat due to Russian state energy corporation Rosneft PJSC’s 49.13% ownership stake in the organisation. (AI image) Nayara Energy, India’s […]

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‘Massive duty evasion’: Chinese fashion jewellery imports surge 25%; undercut Indian makers by 50% by reportedly bypassing HSN code

NEW DELHI: Indian fashion jewellery makers are reeling under the surge of Chinese imports, which rose 25% year-on-year. Industry executives said importers are misdeclaring shipments and under-invoicing goods to evade […]

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