Sunday, March 08
Quick commerce platform Blinkit has removed its "10-minute delivery" claim, shifting to "30,000+ products delivered at your doorstep." This move follows government discussions aimed at improving gig worker safety and welfare, with other platforms expected to follow suit. The change comes after worker protests against the pressure of ultra-fast delivery models.
Recent political and military developments in Venezuela are unlikely to significantly impact global crude oil prices or Indian companies in the near term. Venezuela's modest contribution to global oil supply limits its influence on prices, and India's direct trade exposure is minimal.
A US federal court in Chicago has commenced a second damages trial against Boeing concerning the 2019 Ethiopian Airlines 737 MAX crash. A Canadian plaintiff, Manant Vaidya, is seeking compensation after losing multiple family members in the tragedy. Boeing has acknowledged responsibility for the crashes and committed to fair compensation for victims.
Indian stock benchmarks Nifty50 and Sensex opened lower on Monday, extending their decline for a fifth consecutive session. Investor sentiment was impacted by global trade concerns and political uncertainty. Meanwhile, Asian equities saw gains, building on a strong start to the year for global stocks.
The Confederation of Indian Industry (CII) has urged the government to adopt a faster, demand-driven privatisation strategy for public sector enterprises in the Union Budget 2026-27. CII proposes a rolling three-year privatisation pipeline and a phased reduction of government stakes.
