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Union Minister for Aviation, Kinjarapu Ram Mohan Naidu, convened a review meeting on Friday to evaluate airline readiness for the winter fog season, involving key stakeholders such as the DGCA, AAI, and airline operators. He emphasized the need for strict adherence to standard operating procedures (SOPs) and accountability, urging the implementation of real-time data sharing and the deployment of CAT-II/III compliant aircraft. Naidu assured that passenger convenience would be prioritized, with timely updates provided to mitigate disruptions. Concurrently, the DGCA dismissed four Flight Operations Inspectors linked to recent IndiGo flight cancellations, as part of heightened scrutiny following significant operational disruptions. A special committee will meet with IndiGo CEO Pieter Elbers to investigate the chaos caused by the airline's widespread cancellations, with the DGCA having issued a show-cause notice to the airline, which has requested more time to respond to the inquiry. 
Published: Dec 12 2025, 2 pmeznews.inIndia and New Zealand are actively seeking to expedite negotiations for a proposed free trade agreement (FTA), as highlighted in discussions between New Zealand Trade Minister Todd McClay and India's Commerce and Industry Minister Piyush Goyal. Following their bilateral meeting, Goyal emphasized the importance of advancing the FTA talks, which were officially initiated on March 16, 2025, with four rounds of discussions already completed. The bilateral merchandise trade reached $1.3 billion in 2024-25, marking a significant 49% increase from the previous year. The FTA aims to enhance trade flows, investment ties, and supply chain resilience, while New Zealand's average import tariff stands at a low 2.3%. Historically, negotiations for a Comprehensive Economic Cooperation Agreement (CECA) began in 2010 but stalled in 2015 after nine rounds. Key exports from India include textiles and medical supplies, while New Zealand primarily exports agricultural products and minerals to India.
Published: Dec 12 2025, 3 pmeznews.inIndia has made significant strides in renewable energy, adding a record 27GW of solar and 3.9GW of wind power capacity from April to November in the current financial year, surpassing the total additions of 23.8GW of solar and 4.1GW of wind for the entire year of 2024-25. Including 2.6GW from large hydro and 700MW from nuclear sources, the total non-fossil fuel capacity increase for this period reached 35.66GW. As of October, India's total non-fossil fuel power capacity stands at 262.73GW, accounting for 52% of the overall electricity generation capacity of 505GW. Rajasthan and Gujarat lead the country in installed renewable energy capacity, with 41.7GW and 41.6GW respectively, followed by Maharashtra, Tamil Nadu, and Karnataka. The ongoing expansion reflects India's commitment to enhancing its renewable energy infrastructure.
Published: Dec 12 2025, 3 pmeznews.inUnion Minister of State for Textiles Pabitra Margherita announced a new 40-country market diversification strategy aimed at enhancing India's global textile presence during a Rajya Sabha session. The Ministry of Textiles has introduced several initiatives, including the PM Mega Integrated Textile Regions and Apparel Parks Scheme, the Production Linked Incentive Scheme, and the National Technical Textiles Mission, to bolster the industry. Upcoming events like Bharat Tex 2024 and 2025 will showcase India's textile capabilities to international audiences. The government has also implemented the Rebate of State and Central Taxes and Levies (RoSCTL) scheme, benefiting over 15,000 exporters, and signed 15 Free Trade Agreements to improve competitiveness. Additionally, import duties on cotton have been exempted until December 2025 to lower production costs. Despite a slight decline in textile exports during April-October 2025, overall performance remains stable, with exports reaching USD 37.76 billion in 2024-25, a 5.2% increase from the previous year.
Published: Dec 12 2025, 2 pmeznews.inIndiGo, India's largest airline with a domestic market share exceeding 65%, has faced significant scrutiny following the cancellation of hundreds of flights starting December 2, which disrupted travel for thousands of passengers. The situation is reportedly stabilising, but the airline is under investigation by the Competition Commission of India (CCI) to determine if it violated competition norms amid concerns about its dominant market position. The Directorate General of Civil Aviation (DGCA) is also probing the disruptions, with a focus on whether the airline's operational challenges stem from a lack of planning related to new flight duty regulations implemented on November 1. While no formal complaints have been lodged against IndiGo, the CCI is examining potential abuses of dominance, which could include exploitative pricing or denial of market access, as part of its mandate to prevent anti-competitive practices in the aviation sector.
Published: Dec 12 2025, 1 pmeznews.inMoody's Ratings has upheld a stable outlook for the global asset management industry through 2026, anticipating steady growth in assets under management (AUM) driven by lower interest rates and stable economic expansion, despite ongoing pressure on profit margins. The agency forecasts that global economic growth will remain flat, with US inflation expected to drop to 2.8% by 2026, prompting further Federal Reserve rate cuts. This easing of monetary conditions is likely to bolster financial markets and enhance asset managers' revenue prospects. While equity markets in the US, Europe, and Asia showed strong performance in 2025, increased volatility is anticipated in 2026, particularly in sectors like AI. Moody's warns that profitability challenges will persist due to a shift towards lower-fee exchange-traded funds and rising operational costs, favoring larger firms and accelerating industry consolidation. Alternative asset managers are projected to outperform traditional counterparts, with private markets expected to account for over half of industry revenue by 2030.
Published: Dec 12 2025, 12 pmeznews.inBartronics India Ltd has announced plans to rebrand itself as Avio Smart Market Stack Ltd (ASMS) as part of a strategic transformation aimed at enhancing growth in rural commerce, agritech, and digital platforms. The company revealed that it will engage a national brand ambassador to promote the Avio platform and facilitate farmer outreach in key agricultural regions. Additionally, ASMS will introduce a Smart Agri Store franchise model, designed to act as a physical extension of its digital marketplace. These stores will provide a range of services, including agricultural inputs, advisory services, and digital onboarding, thereby streamlining procurement linkages for farmers. This initiative reflects the company's commitment to leveraging technology to support the agricultural sector and improve access to essential resources for rural communities.
Published: Dec 12 2025, 12 pmeznews.inMOL PLUS CO., Ltd., the venture capital arm of Japan's Mitsui O.S.K. Lines, has made its inaugural investment in Bengaluru's Theia Ventures Fund 1, which focuses on India's burgeoning start-up ecosystem. With over 157,000 companies, including around 70 unicorns, India is now the world's third-largest start-up market, trailing only the US and China. MOL PLUS, which established its India desk in November 2024, aims to leverage local partnerships to enhance its presence in sectors beyond shipping, including energy transition and advanced manufacturing. Theia Ventures, led by Priya Shah, emphasizes deep tech and materials science, aligning with MOL's strategic interests. Takuya Sakamoto, CEO of MOL PLUS, highlighted the importance of understanding local market dynamics to foster business creation, while Shah noted the potential for significant emission reductions across various industries through their collaboration. This investment marks a significant step in strengthening the India-Japan business corridor.
Published: Dec 12 2025, 12 pmeznews.inIn November 2025, the Indian automobile sector experienced significant growth, with total two-wheeler dispatches rising by over 21% year-on-year to 1,944,475 units, compared to 1,604,749 units in November 2024, according to the Society of Indian Automobile Manufacturers (SIAM). Passenger vehicle dispatches also saw a robust increase of 19%, reaching 412,405 units, up from 347,522 units the previous year. Motorcycle sales surged by 17.5% to 1,163,751 units, while scooter sales jumped 29.4% to 735,753 units. The three-wheeler segment reported a 21.3% increase, totaling 71,999 units. Rajesh Menon, SIAM's Director General, attributed this momentum to festive demand and supportive government reforms, noting that November 2025 marked the highest sales figures for the month in the industry's history. Overall, total sales across all segments rose by approximately 21% to 2,428,879 units, with optimism for continued growth into 2026.
Published: Dec 12 2025, 12 pmeznews.inSamir Somaiya, Chairman and Managing Director of Godavari Biorefineries Ltd., has made history as the first Indian recipient of the Plinio Nastari Sugar Excellence Award, presented by the International Sugar Organisation at the 34th ISO International Seminar in London on December 11, 2025. This accolade recognises exceptional contributions to sugar and bioenergy, aligning with the theme “Sustainable Solutions for Sugar & Energy.” Under Somaiya's leadership, Godavari Biorefineries has developed an integrated biorefining model that enhances agricultural practices and supports over 20,000 farmers across 200 villages. Recent projects include a bio-chemical plant in Maharashtra and a CO₂-to-DME pilot plant in collaboration with ICT Mumbai. Somaiya, who also received the Rasayan Udyog Ratna Award for sustainable chemistry, highlighted the vital link between economic growth and social progress, advocating for a green transition to bolster climate goals and secure farmer incomes in smallholder farming regions.
Published: Dec 12 2025, 12 pm
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