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Balrampur Chini Mills, India's second-largest private sugar manufacturer, reported a 19.77% decline in consolidated net profit to ₹53.89 crore for the second quarter of FY26, despite a nearly 29% year-on-year increase in revenue, which reached ₹1,670.76 crore. The company's total expenses rose by 22.62% to ₹1,608.91 crore during the same period. Chairman and Managing Director Vivek Saraogi attributed the performance to improved sugar and distillery volumes, noting that profitability was bolstered by a power tariff revision effective April 1, 2024. Looking ahead, Saraogi projected a rebound in India's net sugar production for the 2025-26 season, estimating an output of 31 million metric tons, up from 26.1 million metric tons the previous season. The company also announced an interim dividend of ₹3.50 per equity share for FY26. 
Published: Nov 12 2025, 7 ameznews.inUnion Minister of Commerce and Industry Piyush Goyal has staunchly defended the government's Quality Control Orders (QCOs), which aim to enhance product quality and promote a culture of excellence in manufacturing across various sectors, including toys and plywood. His remarks come in response to a NITI Aayog report suggesting the scrapping of certain QCOs, arguing they hinder India's competitiveness and burden MSMEs with increased costs and compliance challenges. Speaking at the Udyog Samagam 2025 event, Goyal emphasized that QCOs, which mandate compliance with Bureau of Indian Standards (BIS) regulations, are crucial for improving local production quality and curbing low-quality imports. Currently, around 188 QCOs cover over 773 products, but the NITI Aayog has called for a rationalization of these measures, advocating for phased implementation and exemptions for essential raw materials to support smaller manufacturers.
Published: Nov 12 2025, 12 pmeznews.inU.S. trade tensions with China have hindered business jet opportunities for Gulfstream Aerospace, despite a generally positive global market for private aircraft, according to President Mark Burns. Gulfstream, a division of General Dynamics, plans to increase its jet production through 2029, driven by strong domestic demand and new aircraft models. While Burns acknowledges the broader global strength in the market, he noted that trade issues have slowed potential deals in China, where Gulfstream operates around 150 aircraft. Recent diplomatic efforts between U.S. President Donald Trump and Chinese President Xi Jinping aim to ease these tensions. The demand for private flying has surged among high-net-worth individuals post-COVID-19, with Gulfstream also benefiting from increased orders from Fortune 500 companies. The company anticipates further growth with the upcoming G300 jets, which will compete with Bombardier's Challenger 3500, contingent on robust demand and supply chain capacity.
Published: Nov 12 2025, 12 pmeznews.inIndia Ratings & Research (Ind-Ra) has projected a robust GDP growth of 7.2% for the second quarter of FY26, driven primarily by strong private consumption, as the National Statistics Office (NSO) prepares to release official GDP estimates on November 28. This follows a 5.6% expansion in the same quarter of the previous fiscal year. Ind-Ra noted that the economy has shown resilience, bolstered by steady real income growth across households and a thriving services sector, despite global economic uncertainties. Retail inflation has decreased more rapidly than anticipated, enhancing real wages and consumption demand. While nominal GDP growth is expected to dip below 8% year-on-year, the real GDP growth remains strong, aided by lower input costs. Ind-Ra also highlighted a healthy investment demand growth of 7.5%, supported by consistent government capital expenditure.
Published: Nov 12 2025, 12 pmeznews.inThe Indian Power Ministry has proposed the gradual withdrawal of inter-state transmission charges (ISTS) waivers to promote a more balanced development of renewable energy (RE) across the country. This recommendation, part of a report by the Parliamentary Standing Committee on Energy, aims to alleviate the concentration of RE in states like Rajasthan and Gujarat, which has led to grid instability and high costs for expanding transmission infrastructure. Currently, ISTS charges average around 65 paise per unit, with a planned reduction of 25% annually until they reach zero by June 2028, excluding certain energy sectors. The Ministry highlighted that the existing waiver disproportionately burdens hydro-rich states, raising consumer tariffs and prompting states with RE potential to rely on external power sources. The committee urged the Ministry to support states with lower solar capacity through financial assistance and policy measures to enhance their energy infrastructure.
Published: Nov 12 2025, 12 pmeznews.inIndia is set to enhance its UDAN initiative, launched in 2016 to improve regional air connectivity, by introducing subsidies for airlines operating flights to underutilized airports. This move aims to revive dormant airports, including those in Azamgarh and Muzaffarpur, which have yet to see any passenger traffic despite having adequate facilities. The revamped program will offer monthly subsidies to airlines in exchange for lower fares on select routes, addressing the gap between regular and discounted prices. While the existing UDAN framework allowed for bidding on subsidies, the new approach will include both auction-based and direct incentive options. With at least a dozen of India's 140 airports recording zero passengers recently, the government is also planning to establish a federal Transport Planning Authority to better align infrastructure projects and improve efficiency. The proposal is expected to be presented to Prime Minister Narendra Modi's office soon.
Published: Nov 12 2025, 12 pmeznews.inDespite unseasonal rains damaging major crops in Maharashtra, turmeric farmers are optimistic about a fruitful season, with expectations of a bumper harvest. The golden spice has proven resilient, leading to an expansion in cultivation area, which is projected to reach 77,992 hectares for the 2024-25 season, accounting for 26% of India's total turmeric area. Farmers in Sangli, the state’s turmeric hub, anticipate surpassing last year's cultivation levels. Nationally, turmeric production is expected to rise from 10,63,224 metric tonnes in 2023-24 to 11,16,124 metric tonnes in 2024-25, driven by stable prices and favorable weather. India remains the world's largest turmeric producer, contributing nearly 80% of global output. With strong market prices, local growers expect steady rates even with new crop arrivals. Maharashtra's dominance in production and exports, accounting for 45% of India's turmeric export value, solidifies its status as the country's turmeric powerhouse.
Published: Nov 12 2025, 11 ameznews.inThe UN Environment Programme's 2025 Adaptation Gap Report highlights a critical funding shortfall in global adaptation financing, now at least twelve times less than necessary, leading to significant humanitarian losses. Sanjay Srivastava, a professor at the Indian Institute of Science, emphasizes that each dollar not invested in preparedness exacerbates recovery costs. As India leads discussions at COP30 in Brazil, it advocates for adaptation to be prioritized alongside mitigation, particularly in light of extreme heat challenges. The International Labour Organisation warns that heatwaves could result in productivity losses nearing 2.5% of GDP by 2030, with communities in coastal Karnataka, Odisha, and Andhra Pradesh already experiencing increased fatigue and cognitive strain. In response, the NIAS has launched the SHIELD initiative, which integrates climate data with health systems to enhance community resilience, demonstrating the potential for local innovation to address vulnerabilities effectively.
Published: Nov 12 2025, 10 ameznews.inCobalt prices have surged nearly 100% to $48,750 a tonne on the London Metal Exchange since the start of the year, driven by a new export quota regime introduced by the Democratic Republic of Congo (DRC), which accounts for 75% of global cobalt exports. Following a significant drop in prices earlier this year, the DRC lifted an export ban on October 15 but imposed strict quotas, capping exports at 18,125 tonnes until year-end. Research agency BMI forecasts that cobalt prices could average $55,150 a tonne by 2026 due to these restrictions, which aim to regulate supply and encourage local refinery construction. However, the quota system may inadvertently raise costs for battery manufacturers and diminish Congo's market leverage as Indonesia increases its cobalt output. The DRC's new measures include stringent compliance requirements and penalties for violations, with the potential for quotas to be revoked for environmental or tax irregularities.
Published: Nov 12 2025, 9 ameznews.inIndia's retail inflation, as measured by the Consumer Price Index (CPI), is projected to fall sharply to around 0.2% in October 2025, marking the lowest level in the current series. This significant decline from September's 1.5% is attributed to the full impact of Goods and Services Tax (GST) rate cuts implemented on September 22 and a decrease in food prices, particularly in perishables, pulses, and cereals. Economists suggest that while October may represent the low point in the inflation cycle, prices could rise again in the coming months due to base effects and potential food supply disruptions. The Reserve Bank of India's Monetary Policy Committee, led by Governor Sanjay Malhotra, is expected to reassess inflation projections in December, with the possibility of a policy rate cut. Meanwhile, UBS Securities forecasts India's GDP growth at 6.4% for FY27, contingent on a favorable US-India trade deal.
Published: Nov 12 2025, 8 ameznews.inUnion Minister for Labour and Employment Dr Mansukh Mandaviya has called on states and Union Territories to contribute innovative ideas for implementing new labour initiatives, particularly the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), during the National Conference of Labour, Employment, and Industry Ministers. The PMVBRY, with an outlay of nearly ₹1 lakh crore, aims to create 3.5 crore jobs by promoting formal sector employment and enhancing social security. Mandaviya emphasized the importance of collaboration among central and state governments, industry, and workers to ensure effective policy outcomes. The conference also reviewed the draft National Labour and Employment Policy and the Private Placement Agency Bill. Additionally, two digital initiatives were launched: the Digital Labour Chowk app, which connects workers with employers, and the Online BOCW Cess Collection Portal, aimed at improving financial support for worker benefits.
Published: Nov 12 2025, 7 am
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