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Indian exporters urged to upgrade quality, diversify supply chains

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Indian exporters urged to upgrade quality, diversify supply chains


Pic: Alexandros Michailidis / Shutterstock.com


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  • In a meeting with export promotion councils and industry associations yesterday, Indian Minister of Commerce and Industry Piyush Goyal urged exporters to upgrade product quality, align with global standards, diversify supply chains and explore alternate markets.
  • There was a broad consensus on the need for alternative mechanisms, with the government committed to addressing sectoral concerns.

In a meeting with export promotion councils (EPCs) and industry associations yesterday, Indian Minister of Commerce and Industry Piyush Goyal urged exporters to upgrade product quality, align with global standards, diversify supply chains and explore alternate markets.

The meeting was scheduled to address rising global tariffs, explore solutions and chart a path forward amid shifting trade dynamics.

In a meeting with export promotion councils and industry associations yesterday, Indian Minister of Commerce and Industry Piyush Goyal urged exporters to upgrade product quality, align with global standards, diversify supply chains and explore alternate markets.
There was a broad consensus on the need for alternative mechanisms, with the government committed to addressing sectoral concerns.

Exporters and industry representatives highlighted the challenges posed by these tariff barriers, their impact on the competitiveness of Indian goods in key international markets and stressed on the need for targeted, sector-specific interventions, according to a release from the ministry.

Goyal reaffirmed the government’s commitment to safeguarding the interests of Indian exporters amidst the evolving global trade scenario.

There was a broad consensus on the need for alternative mechanisms, with the government committed to addressing sectoral concerns and driving sustained export growth.

Fibre2Fashion News Desk (DS)









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French police hunt Louvre jewellery thieves

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French police hunt Louvre jewellery thieves


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AFP

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October 20, 2025

The hunt was on Monday for the band of thieves who stole eight priceless royal pieces of jewellery from the Louvre Museum in the heart of Paris in broad daylight.

The glass entrance to the Louvre in Paris, France – DR

Officials said a team of 60 investigators was working on the theory that the raid was planned and executed by an organised crime group.

The heist reignited a row over a lack of security in France’s museums, with Justice Minister Gerald Darmanin admitting Monday to security flaws in protecting the Louvre.

“What is certain is that we have failed, since people were able to park a furniture hoist in the middle of Paris, get people up it in several minutes to grab priceless jewels, and give France a terrible image,” he told France Inter radio.

After several other robberies from French museums in recent months, Interior Minister Laurent Nunez had acknowledged Sunday that securing them was a “major weak spot”.

The thieves arrived between 9:30 and 9:40 am (07:30 and 07:40 GMT) Sunday, shortly after the museum opened to the public at 9:00 am, a source close to the investigation said.

They used a truck with an extendable ladder like those used by movers to get access to the Apollo Gallery, home to the royal collection, and cutting equipment to get in through a window and open the display cases.

A brief clip of the raid, apparently filmed on the phone of a visitor to the museum, was broadcast on French news channels.

The masked thieves stole nine 19th-century items of jewellery, one of which- the crown of the Empress Eugenie- they dropped and damaged as they made their escape.

It is covered in 1,354 diamonds and 56 emeralds, according to the museum’s website.

Eight “priceless” items of jewellery were stolen, the culture ministry said Sunday.

The list they released included an emerald-and-diamond necklace that Napoleon gave his wife Empress Marie-Louise.

Also stolen was a diadem that once belonged to the Empress Eugenie, which is dotted with nearly 2,000 diamonds, and a necklace that once belonged to Marie-Amelie, the last queen of France. It has eight sapphires and 631 diamonds, according to the Louvre’s website.

The whole raid took just seven minutes and is thought to have been carried out by an experienced team, possibly “foreigners”, Nunez said.

The intervention of the museum’s staff forced the thieves to flee, leaving behind some of the equipment used in the raid, the culture ministry said.

The loot would be impossible to sell on in its current state, said Alexandre Giquello, president of the leading auctioneer house Drouot.

It was the first theft from the Louvre since 1998, when a painting by Camille Corot was stolen and never seen again.

Sunday’s raid relaunched a debate over what critics says is poor security at the nation’s museums, far less secure than banks and increasingly targeted by thieves.

Last month, criminals broke into Paris’s Natural History Museum, making off with gold samples worth $700,000.

The same month, thieves stole two dishes and a vase from a museum in the central city of Limoges, the losses estimated at $7.6 million.

Sunday’s robbery sparked angry political reactions.

“How far will the disintegration of the state go?” said far-right National Rally party leader Jordan Bardella on social media, calling the theft “an unbearable humiliation for our country”.

President Emmanuel Macron said on social media that “everything” was being done to catch the perpetrators and recover the stolen treasures.

Copyright © 2025 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.



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eBay UK seller fee removal sends revenue down but profits rise

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eBay UK seller fee removal sends revenue down but profits rise


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October 20, 2025

eBay (UK) Limited has filed its accounts for 2024 and they show a return to profitability, helped by stronger cost management and operational efficiencies.

Ebay

These supported a positive operating margin and the company continues to expect to report ongoing profits based on the same careful cost and operational controls, as well as via ongoing investment in customer experience.

That said, the company’s revenue for the latest year actually fell 10%, mainly due to the Free To Sell campaign in the UK, which removed selling fees.

Was this the right approach? We have to assume it was as the company seems committed to it. But while profit increased, the company said this was due to falling administrative expenses on the back of an impairment of investment in 2023.

Looking at the headline numbers, total revenue fell to £1.16 billion from £1.28 billion in 2023. Operating profit jumped to £27.8 million from a loss of £6.1 million the year before, pre-tax profit was £36.5 million after just £2.7 million in the previous period, and net profit for the year was £24.68 million after a £7.7 million loss the year before.

There was no clue as to how 2025 has been going. But eBay has been very busy in the UK this year, from launching celebrity charity auctions to expanding its authentication guarantee, linking with M&S and Nobody’s Child on resale, and continuing to link with Love Island. While not all of these initiatives are designed to boost profits, they all raise awareness of eBay and promote the idea of secondhand fashion as the way forward.

But eBay admitted that the segment in which it operates is “intensively competitive” with a wide variety of options open to both its sellers and buyers.

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Expanded MERCOSUR-India PTA to cover tariffs, NTMs: India, Brazil

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Expanded MERCOSUR-India PTA to cover tariffs, NTMs: India, Brazil



India and Brazil recently agreed that the MERCOSUR-India Preferential Trade Agreement (PTA) signed in June 2003 should be expanded covering both tariff and non-tariff issues, with active participation of the private sector and other stakeholders.

The MERCOSUR bloc comprises Argentina, Bolivia, Brazil, Paraguay and Uruguay. Venezuela was a full member, but has been suspended since December 1, 2016.

Brazilian Vice President Geraldo Alckmin, who also holds the portfolios of development, industry, trade and services, recently met Indian Minister of Commerce and Industry Piyush Goyal in New Delhi.

India and Brazil recently agreed that the MERCOSUR-India Preferential Trade Agreement (PTA) signed in June 2003 should be expanded covering both tariff and non-tariff issues, with active participation of the private sector and other stakeholders.
Both agreed that the expansion of the PTA should be substantial, aiming for a significant share of bilateral trade to benefit from tariff preferences.

Both agreed that the expansion of the PTA should be substantial, aiming for a significant share of bilateral trade to benefit from tariff preferences, a release from the Indian ministry said.

The next step in this regard should be the establishment of a technical dialogue between the parties, including the holding of a meeting of the joint administration committee created under Article 23 of the PTA at the earliest date, to define the scope of expansion.

Parties should try to conclude the negotiations within a year from its launch.

Fibre2Fashion News Desk (DS)



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