AGP Executive Report
Last update: 4 hours agoDelivery Shake-Up: Taiwan blocked Grab’s $600 million Foodpanda deal, citing competition concerns, while India’s Flipkart is testing a rapid food-delivery service that could challenge Zomato and Swiggy. Market Moves: Eternal, which owns Zomato and Blinkit, reported a 92% rise in quarterly profit to ₹125 crore as revenue jumped 78%; it also revised Blinkit’s store target. Food Safety: India’s FSSAI issued Nestlé a notice over a digestion claim for Lactogen Pro 1, amid wider scrutiny of nutrition claims and product labels. Trade: Vietnam signed a free-trade agreement with EFTA countries, promising duty-free access for Norwegian salmon once it takes effect and phased tariff cuts for mackerel. Industry Pressures: Thailand is preparing rules for ride-hailing and delivery-app fees, while Japan plans to reopen foreign-worker recruitment in food preparation to address staffing shortages.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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