Archive: September 4, 2026

Goyal Pushes Nationwide FTA Drive to Take Indian Exports to Global Markets

Union Commerce and Industry Minister Piyush Goyal has called for a nationwide campaign to ensure that Indian businesses make greater use of the country’s expanding network of Free Trade Agreements (FTAs). Speaking at a national workshop on leveraging FTAs in New Delhi, Goyal said the benefits of preferential market access must reach businesses at the grassroots, including MSMEs, startups, traders, first-time exporters and women entrepreneurs across all 780 districts. He said wider FTA utilisation would be critical to expanding India’s global trade footprint and supporting the country’s long-term ambition of becoming a $30 trillion economy by 2047.

The Minister pointed to India’s recent economic performance, including 7.8% GDP growth in the first quarter, as evidence of the economy’s resilience amid global uncertainty. He said India’s nine existing FTAs cover economies accounting for around $60 trillion in GDP and offer preferential access to nearly two-thirds of global trade. With additional agreements and market-access initiatives under consideration, India could gain preferential access to about 75% of global trade at more competitive tariff rates, he said. Goyal stressed that the effectiveness of an FTA should ultimately be judged by how Indian exporters fare against competitors in the same markets.

India is targeting $1 trillion in exports this year, with exports touching nearly $317 billion during the first four months, up from about $280 billion in the same period last year. Goyal said sectors ranging from textiles and engineering to electronics, pharmaceuticals, chemicals, agriculture, marine products, gems and jewellery and leather have significant potential in international markets. He also called for stronger institutional support to help exporters overcome challenges related to standards, sanitary and technical requirements, regulatory approvals and logistics. The government, he said, must particularly ensure that smaller exporters are not left behind as new trade opportunities emerge.

Goyal also outlined a last-mile strategy to convert FTAs into actual export growth. States have been asked to identify products and clusters where FTA benefits are already visible as well as areas where opportunities remain untapped. He urged Export Promotion Councils and industry associations to expand their outreach to smaller businesses, provide information in local languages and bring more exporters into international trade delegations. The workshop also examined the Export Promotion Mission and Districts as Export Hubs, with state-level discussions focused on export clusters, barriers to FTA utilisation and required government support. The Centre said the broader effort aims to deepen Centre-State coordination and ensure the country’s trade agreements translate into jobs, foreign exchange earnings, and wider participation in global commerce.

Enso Launches Flashloan Actions: Institutional Infrastructure for Single-Transaction Capital Efficiency

ZURICH, Switzerland, Sep 04: Enso, the execution infrastructure platform for onchain finance, announced Enso Flashloan Actions, providing institutional allocators, fintechs, and asset managers with a unified API to execute complex multi-venue capital strategies in a single, signer-ready transaction. By standardizing temporary liquidity across eight major providers, including Morpho, Aave V3, and Balancer V3, Enso eliminates capital drag and engineering overhead for institutional yield looping, debt repayments, and portfolio rebalancing.

Institutional capital managers frequently face operational friction during market volatility. Rebalancing collateral, restructuring debt, or protecting portfolios against stablecoin de-pegs and liquidations historically required holding excess cash reserves or deploying custom smart contract callbacks across multiple venues, exposing capital to slippage, gas overhead, and mid-strategy execution failure.

Enso Flashloans removes this friction by embedding temporary liquidity directly into Enso’s Bundle API. Strategy managers and partners with high on-chain volume can define the borrowed asset, the execution sequence of actions, and the final repayment step. Enso compiles the sequence into one transaction that either completes in full or reverts entirely, guaranteeing absolute atomicity and eliminating partial-execution risk.  

The capability unifies eight venues through a single API field. It integrates directly with Enso’s Quote Simulator engine, giving risk teams a pre-sign review layer to verify route validity, detect quote decay, and filter out toxic pool behavior before capital moves. 

“Managing risk and capital efficiency onchain shouldn’t require building custom smart contract infrastructure for every lender you access” said Milos Costantini, Co-Founder and CPO of Enso. “Flashloan Actions gives fintechs and asset managers institutional-grade execution. Allocators can construct atomic leverage loops, rebalance positions during market stress, and execute multi-venue strategy flows in one transaction without maintaining custom callback contracts.”

Enso Flashloans is live in production with design partners Reservoir and Arkonix, along with a vault manager on Centrifuge, who worked with Enso’s engineering team on the provider-by-provider requirements throughout development.

Flashloans are available across eight supported protocols on 19 chains,  including Ethereum, Arbitrum, Base, Optimism, Polygon, HyperEVM, Berachain, BNB Chain, Monad and Robinhood Chain, with provider coverage varying by network. Access is permissionless and available globally via API key, with no geographic gating.

Enso Flashloans is available now via theEnso Bundle API. 

Nvidia Shares Gain as Dollar 12.9 Billion Hugging Face Deal Strengthens AI Bet

New York, Sep 4: Nvidia shares moved higher after the chipmaker confirmed its agreement to acquire artificial intelligence platform Hugging Face for about $12.9 billion, reinforcing investor confidence in the company’s strategy to expand beyond AI chips.

Nvidia stock gained around 1.8 per cent on Thursday following the announcement, as investors viewed the acquisition as another step towards strengthening the company’s presence across the wider AI ecosystem.

The acquisition gives Nvidia access to Hugging Face’s large community of developers and its extensive collection of AI models, datasets and applications. For Nvidia, the deal is aimed at building a stronger connection between its computing infrastructure and the software platforms used to develop and deploy AI applications.

The move also highlights Nvidia’s efforts to diversify its business as major technology companies increasingly develop their own AI chips. By expanding into AI software and open-source models, Nvidia is seeking to strengthen its position across more parts of the rapidly growing artificial intelligence market.

The market reaction has so far been positive. Nvidia shares have remained supported by strong demand for AI infrastructure, while the Hugging Face deal adds another potential growth avenue for the company beyond its traditional semiconductor business.

The transaction is expected to close in the first half of 2027, subject to customary closing conditions and regulatory approvals. The deal includes about $11.9 billion for Hugging Face shareholders and up to $1 billion in equity-based incentives for employees.

For investors, the acquisition represents a significant bet on the next phase of AI growth, where demand is expected to extend beyond computing hardware into models, developer tools and software platforms. Nvidia’s ability to turn that broader ecosystem into sustainable revenue growth will remain a key focus for the market.

Mundra Port Gets New Empty Container Hub to Make Cargo Movement Faster

Ahmedabad, Sep 4: Adani Ports and Special Economic Zone Ltd (APSEZ) is strengthening container logistics at Mundra with a dedicated Empty Container Yard (ECY), aimed at making the movement and management of empty containers quicker and more efficient.

The new facility, which includes integrated warehousing, will provide services such as container storage, inspection, maintenance and movement to exporters and container freight stations. By bringing these activities into a dedicated setup, APSEZ expects to reduce avoidable container movements, improve turnaround times and help bring down logistics costs.

The move comes as Mundra handles a growing share of India’s containerised trade. The port accounts for nearly 35 per cent of India’s container trade, while APSEZ holds about 45.5 per cent of the country’s container market as of FY26.

The scale of empty-container movement at Mundra also highlights the importance of the new facility. APSEZ estimates that around 1.6 million TEUs of empty containers are handled at the port every year. A more organised system for storing, checking and repositioning these containers could help reduce delays across the wider supply chain.

For exporters, faster access to inspected and maintained containers could make shipment planning easier. Shipping lines and logistics operators could benefit from quicker turnaround and fewer unnecessary trips between different yards and the port.

The initiative is part of APSEZ’s broader Ambition 2031 expansion programme. The company plans to add more than 6 million TEUs of container-handling capacity over the next five years, signalling its focus on expanding alongside India’s growing trade requirements.

The company said the dedicated yard will be operated by APSEZ and/or its partners, including container freight stations and shipping lines. The integrated model is expected to improve coordination among different participants involved in empty-container management.

The development also comes at a time when logistics companies are under increasing pressure to reduce turnaround time, control transportation costs and improve supply-chain reliability. For a high-volume gateway such as Mundra, efficient handling of empty containers can play an important role in keeping cargo movement smooth.

APSEZ currently operates 16 ports and terminals, with an overall cargo-handling capacity of about 653 million tonnes per annum. The company has set a target of reaching 1 billion tonnes of cargo throughput by 2030.

With Mundra continuing to serve as a major gateway for India’s import-export trade, the new yard is expected to add another layer of efficiency to the port’s growing logistics ecosystem.