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COMMERCE DEPARTMENT RETAIL REPORT
China emerges as key growth driver for India's frozen shrimp exports; US remains top market in FY26India's frozen shrimp exports soared to a record high in FY 2025-26, driven by robust demand from China, which emerged as a significant gro...- US allows Anthropic to release Mythos to 'trusted partners'The action comes two weeks after the government ordered the AI firm to suspend access to some of its models, due to fears they could be dep...
- Apple seeks US approval to buy chips from blacklisted Chinese companyReports suggest that Apple is actively reaching out to the Trump administration in an effort to source memory chips from ChangXin Memory Te...
- US allows Anthropic to release Mythos to 'trusted partners'The US government has partially lifted restrictions on Anthropic's advanced AI model, Claude Mythos 5, allowing trusted partners access aft...
- US goods trade deficit widens sharply in May on importsThe goods trade gap increased 27.4% to $105.8 billion last month, the Commerce Department's Census Bureau said on Friday. Economists polle...
- India-US hold roundtable to deepen AI, chips, critical minerals cooperationIndia and the United States held a closed-door roundtable bringing together senior government officials and industry leaders to strengthen ...
- US lawmaker introduces bill to require AI companies to report critical incidentsThe draft legislation, introduced by U.S. Representative Nathaniel Moran of Texas, would mandate AI companies to report to the U.S. Commerc...
- Global Market: US revises 2026 first-quarter GDP growth up to 2.1%The US economy showed stronger growth than initially thought in the first quarter, reaching an annual rate of 2.1 percent. This upward revi...
- Womenswear retailer Reformation reports revenue rise in US IPO filingSustainable fashion brand Reformation has filed for a U.S. IPO, reporting a revenue increase to $507.1 million for the year ending December...
- Amazon will look at acquisitions, continue to work with govt on expanding AI capabilities: Andy Jassy, CEOAmazon is significantly boosting its India investment, committing an additional $48 billion by 2030, bringing the total to nearly $90 billi...
- Adani Airports to invest Rs 20,000 crore in airport cities spanning 655 acresAdani Airport City Limited is investing over ₹20,000 crore to build integrated airport cities across six Indian airports. These development...
- US lawmaker proposes bill to require AI companies to report critical incidentsA new bill, the AI Incident Reporting Act, is set to be introduced by Congressman Nathaniel Moran, mandating AI developers to report danger...
- Meesho CHRO Ashish Singh quits in second senior-level exitIn an internal note to employees, CEO Vidit Aatrey said Singh will remain through the transition period and help in finding his successor. ...
- US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimateThe growth in gross domestic product - the nation's output of goods and services - marked a rebound from a sluggish 0.5% in the last three ...
- Tribal council rejects Blinkit's trading license permission in MeghalayaMeghalaya's Khasi Hills Autonomous District Council has denied Blinkit a trading license, citing concerns over its business model impacting...
- FRAI urges govt to intensify crackdown on counterfeit products, illicit tradeRetailers are urging the government to intensify efforts against illegal trade and fake products, citing risks to consumer safety and the l...
- Generative AI expanding role in shopping, to enable AI-led purchases: ReportGenerative AI is set to revolutionise consumer shopping, moving beyond discovery to completing transactions. Young shoppers, particularly G...
- Double-digit sales growth in apparel, ACs, premium goods faces inflation & monsoon testDiscretionary spending is witnessing a notable resurgence, particularly in the apparel and white goods sectors, which have both seen impres...
- Hi(gh) Gasoline! US retail sales in May rise on auto powerAmerican shoppers spent more in May than anticipated. This boost came from tax refunds and a stock market rise. However, this spending has ...
- US awards $500 million to Nvidia-backed SandboxAQ for finding new chipmaking materialsAmerica is investing heavily in its chip industry. The US government has given a massive $500 million to SandboxAQ. This company will devel...
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