Business
Think 10-Minute Delivery Is An Indian Idea? This Country Started It In 2015
Ten-minute home delivery, once marketed as the future of urban convenience, is now at the centre of a policy pushback in India, with the government ordering a ban on the ultra-fast model amid safety and labour concerns. Quick commerce refers to the ultra-fast delivery of groceries and daily essentials, typically within 10 to 15 minutes. The model relies on a dense network of small warehouses, often called dark stores, located close to residential neighbourhoods, and a large fleet of delivery riders. While the concept gained mass visibility in India in recent years, its roots stretch back over a decade in other markets. (News18 Hindi)

Getir: Turkey-based Getir is widely credited with launching the world’s first 10-minute grocery delivery service in 2015. Riding early success, the company expanded aggressively across Europe and into the United States. However, mounting costs and slowing demand forced Getir to scale back, shutting operations in several countries. Today, it remains active primarily in Turkey and select European markets. (News18 Hindi)

Gorillas: Germany’s Gorillas became a poster child for quick commerce in Europe, expanding at breakneck speed across major cities. Despite strong brand recognition, the economics proved challenging. Gorillas was eventually acquired by Getir, after which its standalone services were wound down in many markets. (News18 Hindi)

Flink: Flink tested a slightly slower ten- to fifteen-minute delivery promise in countries such as Germany and France. Unlike some rivals, it avoided unchecked expansion and continues to operate in select European cities, though on a more measured scale. (News18 Hindi)

Zapp: UK-based Zapp focused on rapid delivery of snacks, beverages and convenience items rather than full grocery baskets. While the sector shrank around it, Zapp continues to operate in limited geographies, including parts of London. (News18 Hindi)

Rappi Turbo: Rappi Turbo, an offshoot of Latin American super-app Rappi, successfully implemented ten-minute delivery in markets like Mexico and Brazil. Industry watchers often describe it as the strongest quick commerce model outside India, benefiting from urban density and an existing logistics ecosystem. (News18 Hindi)

Gopuff: In the United States, Gopuff pursued faster delivery but deliberately avoided the ten-minute promise, settling instead for a fifteen- to thirty-minute window. The company continues to operate in several US cities, reflecting a more sustainable, if less sensational, approach. (News18 Hindi)

Dija: UK-based Dija entered the race with a ten-minute delivery model but struggled to make the economics work. High operational costs and weak profitability ultimately led to the company shutting down. (News18 Hindi)

India stands out as the rare market where ten-minute delivery not only survived but flourished. Analysts attribute this to a combination of dense urban populations, relatively low labour costs, a vast gig-worker base and the rapid scaling of dark stores. Fierce competition among players such as Blinkit, Zepto and Swiggy Instamart further accelerated adoption. As a result, India emerged as a global leader in quick commerce, even as other countries pulled back. (News18 Hindi)
Business
West Asia conflict: Govt may ask companies to cut exports, increase auto fuel, LPG supplies – The Times of India
NEW DELHI: Amid fears of a shortage in crude supplies, govt is looking to nudge refiners to divert more auto fuel and LPG to the domestic market by cutting on exports and also increase cooking gas production so that there is no disruption in local supplies.While govt and oil companies insisted there’s no shortage, refiners are looking at alternate sources to partly compensate for crude coming from war-hit West Asia.

The tension has led to a spike in oil and gas prices, and given India’s dependence on imports, inflating the import bill and stoking inflationary pressures. Officials, however, said retail fuel prices may not rise immediately, as oil marketing companies follow a calibrated approach — absorbing losses when global prices are high and recouping them when prices soften. Retail petrol and diesel prices have remained unchanged since April 2022.Mantri meets oil cos to assess availability of crude and gasOn a day when Iranian drones damaged part of Saudi Aramco refinery and Qatar Energy’s facilities, the world’s largest LNG producer, announced an export pause, petroleum minister Hardeep Singh Puri and his team of officials met oil companies on Monday to assess the availability of crude and gas. “We are continuously monitoring the evolving situation, and all steps will be taken to ensure availability and affordability of major petroleum products in the country,” the oil ministry said in a post on X.India imports nearly 90% of its crude requirement. It also meets 60-65% of its LPG demand and about 60% of its LNG needs through imports, largely from West Asia, with shipments routed via Strait of Hormuz, which risks being choked due to the war.

According to the International Energy Agency, in 2023, 5.9% of the country’s production was being exported. Between April and Dec 2025, India exported petroleum products worth nearly $330 billion, with the Netherlands, UAE, the US, Singapore, Australia and China being the main destinations. In 2024, it also exported petroleum gas worth $454 million, mostly to Nepal, China, and Myanmar. The Reliance refinery in Jamnagar is the largest exporter in the country.An oil company executive said refiners are already in contact with traders to tie up capacities amid fears of the blockade of Strait of Hormuz. By Monday, the global market had caught the jitters from Qatar’s decision to suspend gas shipments.An oil executive said while disruption could cause difficulties in the immediate term, Indian players had a wide portfolio that they can tap for LNG, including the US, with vessels being routed through the Suez Canal.“Even if there is a force majeure, we have other sources of supply, which we can tap. Besides, no one is going to stop supplies indefinitely,” the executive said. While oil and gas prices rose Monday, the focus is on ensuring that supply lines remain open.
Business
Travel stocks fall after thousands of flights grounded following Iran strikes
A display board shows canceled flights to Dubai and Doha amid regional airspace closures at Noi Bai International Airport, amid the U.S.-Israel conflict with Iran, in Hanoi, Vietnam, March 2, 2026. Picture taken with a mobile phone.
Thinh Nguyen | Reuters
Airline and travel stocks slipped Monday after airspace closures throughout the Middle East forced carriers to cancel thousands of flights, disrupting trips as far as Brazil and the Philippines.
Cruise lines stocks also fell sharply, with Royal Caribbean Cruises dropping 3% and Carnival Corp. losing more than 7%.
Norwegian Cruise Line Holdings‘ stock fell 10% after its earnings call disappointed investors. Elliott Investment Management said last month that it had built a more than 10% stake in the company and that it’s seeking changes. New CEO John Chidsey told analysts that “our strategy is sound, our execution and coordination have not been, and a culture of accountability is essential and necessary going forward.”
Oil prices also rose, potentially driving up airlines’ biggest cost after labor. Flights through the Middle East were grounded, including to destinations like Tel Aviv and Dubai.
United Airlines, which has the most international exposure of the U.S. carriers, fell nearly 3%. Service to Tel Aviv, Israel, one of the airline’s most profitable routes, was halted, but airlines were also was forced to pause flights to Dubai, in the United Arab Emirates, one of the busiest airport hubs in the world. Dubai is also a home base for the airline Emirates.
Shares of American Airlines lost 4% while Delta Air Lines fell 2%.
More than 11,000 Middle East flights have been canceled since the U.S.-Israeli strikes this weekend, according to aviation-data firm Cirium.
International travel has been a bright spot in the travel sector. In January, international air travel demand jumped 5.9% from a year ago while domestic flight demand was nearly flat, the International Air Transport Association, an airline industry group, said in a report Monday.
— CNBC’s Contessa Brewer contributed to this report.
Business
Brewdog: Bars close and hundreds lose jobs as beer firm sold in £33m deal
Beverage and cannabis company Tilray acquires the brewery, the brand and 11 bars after Brewdog went into administration.
Source link
-
Business6 days agoHouseholds set for lower energy bills amid price cap shake-up
-
Entertainment1 week agoTalking minerals and megawatts
-
Business6 days agoLucid widely misses earnings expectations, forecasts continued EV growth in 2026
-
Politics5 days agoWhat are Iran’s ballistic missile capabilities?
-
Sports1 week agoEileen Gu comments on Alysa Liu’s historic gold medal
-
Politics1 week agoSupreme Court ruling angers Trump: Global tariffs to rise from 10% to 15%
-
Sports1 week agoSouth Africa thrash India by 76 runs in T20 World Cup Super 8 – SUCH TV
-
Business1 week agoGovt to return unclaimed EPFO deposits, expand scholarships for unorganised workers’ children – The Times of India
