eznews.inIndia's imports of tree nuts, including almonds, walnuts, and pistachios, are projected to increase by approximately 7% for the marketing year 2025-26, driven by rising domestic consumption. Factors such as a growing population, increased disposable incomes, and heightened health awareness are contributing to this demand. According to the United States Department of Agriculture (USDA), almond imports are expected to rise to 180,000 tonnes, while domestic consumption remains steady at 184,000 tonnes. Global almond production is anticipated to grow by 9% to 1.777 million tonnes, primarily due to a 10% increase in U.S. output. Additionally, walnut imports are set to surge nearly 20% to 75,000 tonnes, amid a slight decline in domestic production. Pistachio consumption is also expected to rise over 12% to 50,500 tonnes, with India relying heavily on imports from countries like the U.S. and Iran. Global production of pistachios is projected to reach 1.203 million tonnes. 
Published: Nov 25 2025, 10 ameznews.inA recent survey by the Economic Advisory Council to the Prime Minister (EAC-PM) reveals a significant shift in household spending patterns in India, moving from basic necessities to asset-building expenditures. Households are increasingly investing in personal goods and cooking appliances, even among the bottom 40 percent of earners, while spending on clothing and footwear declines. This trend, driven by greater financial access and market connectivity, is expected to enhance productivity and living standards. The survey, analyzing data from the Household Consumption Expenditure Survey for 2011-12 and 2023-24, highlights motor vehicle ownership as the fastest-growing durable asset, with notable urban-rural convergence. While television ownership has stagnated or declined in some areas, mobile phones have become the primary medium for information and entertainment, achieving near-universal adoption. Overall, the report indicates a significant reduction in asset poverty, with only 5 percent of households lacking any durable assets.
Published: Nov 25 2025, 9 ameznews.inCanadian Foreign Minister Anita Anand announced on Monday that Canada and India will expedite efforts to finalize a trade deal following two years of strained relations, particularly after allegations linking the Indian government to the June 2023 assassination of Canadian Sikh activist Hardeep Singh Nijjar. This development comes after a meeting between Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi at the G20 summit in South Africa, where both leaders agreed to revive stalled negotiations. Anand emphasized a new foreign policy approach aimed at diversifying trade, as Canada seeks to double non-US trade over the next decade. With over 75% of Canadian exports currently directed to the US, Anand noted the importance of adapting to a changing global economic landscape. Additionally, Canada is working to improve relations with China, following a recent meeting between Carney and President Xi Jinping.
Published: Nov 25 2025, 7 ameznews.inCoimbatore is poised to enhance its status as a high-tech industrial and innovation hub as Tamil Nadu prepares for the upcoming investment conclave, TN Rising, on Tuesday. The event is expected to facilitate investment agreements from both new and established companies across various sectors, including auto electronics, aerospace and defence, digital infrastructure, and life sciences. Industry insiders indicate a focus on strengthening supply chains, with numerous Memorandums of Understanding (MoUs) anticipated rather than a few large-scale deals. Notable investments include ₹1,300 crore from Johnson Electric for Permanent Magnet DC motors and ₹1,200 crore from Hyundai Wia for drivetrain components. Additionally, medtech firm Telth Healthcare plans to invest ₹1,250 crore in Dharmapuri for a new facility. Coimbatore, already recognized for its automotive ecosystem, is increasingly becoming a centre for precision manufacturing and is bolstering its IT and R&D infrastructure to attract global capability centres.
Published: Nov 24 2025, 9 pmeznews.inThe Cotton Association of India (CAI) has projected a 2% decline in the 2025-26 cotton crop, estimating it at 305 lakh bales of 170 kg each, down from 312.40 lakh bales last year. As market arrivals increase, the Cotton Corporation of India (CCI) has ramped up procurement at the minimum support price (MSP), with daily purchases surpassing one lakh bales. Despite this, cotton prices remain below the MSP of ₹8,100 per quintal, influenced by weak global demand and quality issues exacerbated by unseasonal rains. CCI Chairman Lalit Kumar Gupta noted that while total procurement may exceed last year's 1 crore bales, the quality of cotton has significantly deteriorated. With around 570 procurement centres established, the CCI aims to stabilize prices through aggressive buying, although the gap between quality and lower-grade cotton prices continues to widen, reflecting the challenges faced by the industry.
Published: Nov 24 2025, 8 pmeznews.inAir India, under the leadership of CEO Campbell Wilson, is set to undergo a significant fleet and service upgrade by 2026, aiming for a "visible and meaningful transformation." The airline has completed the first phase of its narrow-body cabin refurbishment, with 81% of its A320 family fleet upgraded, resulting in 104 modernized aircraft. The remaining 17 aircraft, initially slated for retirement, will also be renewed due to delays in deliveries from Airbus and Boeing. Air India plans to enhance its wide-body fleet, expecting to receive two refurbished Boeing 787-8s by February 2026, with a goal to modernize two-thirds of its 787 fleet by the end of that year. Additionally, the airline is introducing improved in-flight services and expanding its premium economy offering. Wilson noted that while overall capacity will remain stable in 2026, preparations for a larger fleet expansion are underway for 2027.
Published: Nov 24 2025, 8 pmeznews.inAirlines have begun cancelling and rerouting flights bound for West Asia following a volcanic eruption at Ethiopia's Hauli Gubbi volcano on Sunday, which sent ash plumes eastward towards India. IndiGo and Akasa Air cancelled several flights, while others monitored the situation as the Directorate General of Civil Aviation issued an advisory urging airlines to avoid areas affected by volcanic ash. The advisory emphasized the need for flight plan adjustments and immediate reporting of any ash encounters, as volcanic ash poses a significant risk to aircraft engines. Although the eruption has ceased and ash levels over the Arabian Sea have diminished, Akasa Air cancelled flights to Jeddah, Kuwait, and Abu Dhabi, offering passengers refunds or free rebooking. The airline reassured that passenger safety remains its top priority, and it will continue to adhere to international aviation safety protocols.
Published: Nov 24 2025, 8 pmeznews.inMumbai's Chhatrapati Shivaji Maharaj International Airport achieved a significant operational milestone on November 21, handling a record 1,036 flights in a single day, surpassing its previous record of 1,032 flights set on November 11, 2023. The airport's management highlighted this achievement as a testament to its efficiency and growing importance as a major aviation hub for both domestic and international travel, with Friday's operations comprising 520 arrivals and 516 departures. However, the airport faces challenges due to its infrastructure; unlike Delhi and other major international airports that feature multiple runways, Mumbai operates with just two intersecting runways, which limits capacity and contributes to delays. This record underscores the airport's potential for growth, despite the constraints imposed by its runway configuration.
Published: Nov 24 2025, 8 pmeznews.inHigh-frequency indicators of economic activity in India remained strong in October, buoyed by Goods and Services Tax (GST) rate reductions and increased festival spending, according to the Reserve Bank of India's (RBI) latest monthly bulletin. The report highlights a resilient economic outlook, supported by robust services exports, remittances, and improved current account sustainability due to stabilizing oil prices. Demand conditions have shown improvement, particularly in urban areas, while rural demand remains strong. The bulletin noted a significant rise in GST collections, reflecting heightened consumer demand, and reported a historic low in headline inflation at 0.3%, aided by favorable supply-side factors. Despite ongoing global trade uncertainties, the external sector's capacity to absorb shocks has strengthened. However, concerns linger regarding the sustainability of exuberance in global equity markets and its potential impact on financial stability.
Published: Nov 24 2025, 8 pmeznews.inIn November, Russia remained India's leading crude oil supplier, with imports averaging 1.7 million barrels per day (bpd) this year, despite the recent US sanctions targeting Russian oil companies Rosneft and Lukoil. Sources indicate that Indian refiners will continue to source oil from non-sanctioned entities, albeit in reduced volumes, as the Indian government has not imposed restrictions on Russian purchases, provided sanctions are not violated. While US President Donald Trump has suggested that India should reduce its Russian oil imports to "near-zero," the country is negotiating a bilateral trade agreement aimed at lowering US tariffs on Indian goods. Following Russia's invasion of Ukraine, India's imports of Russian oil surged, accounting for nearly 40% of its total oil imports, a situation that has drawn criticism from the US, which argues that such purchases support Russia's military actions.
Published: Nov 24 2025, 7 pm
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