eznews.inZen Technologies has been awarded a ₹108-crore contract by the Ministry of Defence for the supply of advanced tank crew gunnery training simulators, marking a significant step in India's push for indigenous defence manufacturing. The high-fidelity Tank Crew Gunnery Simulator is designed for tank commanders and gunners, replicating a tank's turret compartment and supporting various gunnery drills. Deliveries are expected within a year, despite a 24-month timeline set by the MoD. Zen Technologies' Chairman Ashok Atluri hailed the contract as a validation of the company's extensive research and development efforts, emphasizing the potential cost savings of ₹1,123 crore annually through the use of such simulators. This contract aligns with the Ministry's Simulation Framework, which prioritizes simulation-based training to modernize the armed forces, with expectations for broader adoption across the Army, Navy, and Air Force in the future. 
Published: Nov 25 2025, 8 pmeznews.inIndia's horticulture production for the 2024-25 season has increased by 4% to reach 369.05 million tonnes, according to the Agriculture Ministry's third advance estimates released on Tuesday. This rise, amounting to 14.31 million tonnes, is attributed to a 0.4 million hectare expansion in the area dedicated to horticulture crops, now totaling 29.488 million hectares. Notably, fruit production has surged by 5.12% to 118.76 million tonnes, driven by strong yields of bananas, mangoes, and watermelons. Vegetable output has also risen by 4.09% to 215.68 million tonnes, with onions and potatoes leading the gains. Union Agriculture Minister Shivraj Singh credited this growth to farmers' dedication, agricultural innovations, and supportive government policies. He emphasized the introduction of new technologies aimed at boosting productivity and income, positioning India on a path to becoming a global agricultural leader.
Published: Nov 25 2025, 8 pmeznews.inIndia's aspiration for a "Developed India" hinges on the respect and security afforded to its workforce, as emphasized by Girish Arya, All India Secretary of the Bharatiya Mazdoor Sangh. Despite the potential of the manufacturing sector, employment ratios have lagged, necessitating comprehensive reforms to outdated labour laws. The introduction of four new labour codes—covering wages, social security, occupational safety, and industrial relations—aims to enhance worker rights and productivity while fostering a collaborative environment among industry, government, and labour. These reforms promise to extend legal protections and social security to a diverse range of workers, including gig and migrant labourers, thereby fulfilling the constitutional promise of dignity for all. However, the successful implementation of these codes relies on effective rule-making and timely disbursal of benefits, urging all stakeholders to unite in realizing the transformative potential of these reforms for India's economic growth and worker welfare.
Published: Nov 25 2025, 8 pmeznews.inMaersk, the world's second-largest container shipping line, is set to resume navigation along the East-West corridor via the Suez Canal and the Red Sea, aiming to normalize transits on this route as conditions permit. Safety for crew members remains the top priority, according to a joint statement from Maersk and the Suez Canal Authority. This announcement follows nearly two years of halted operations due to Houthi attacks on vessels in the region. Earlier this month, the CMA CGM Benjamin Franklin became the first ultra-large container ship to navigate the Red Sea since the disruptions began. The statement also highlighted discussions on the geopolitical landscape, including the peace process in Gaza and the importance of freedom of navigation in the Bab el Mandeb Strait, which the two parties emphasized as vital for global trade.
Published: Nov 25 2025, 8 pmeznews.inPrime Minister Narendra Modi is set to inaugurate Skyroot Aerospace’s Infinity Campus in Hyderabad on November 27, a significant development for India's private space sector. The 200,000 square-foot facility will enhance the country's capabilities in designing, developing, integrating, and testing launch vehicles, with the potential to produce one orbital rocket monthly. Additionally, Modi will inaugurate Safran Aircraft Engine Services India and lay the foundation for a maintenance, repair, and overhaul site for the Safran M88 Rafale engine. The Prime Minister will also unveil Vikram-I, Skyroot's inaugural orbital rocket designed for satellite launches. Founded by IIT alumni and former ISRO scientist Pawan Chandana and Bharath Dhaka, Skyroot made history as the first Indian private firm to launch a rocket into space with its sub-orbital Vikram-S. This growth in private space enterprises reflects the government's recent reforms aimed at solidifying India's position as a global space leader.
Published: Nov 25 2025, 8 pmeznews.inNon-banking finance companies (NBFCs) are set to significantly increase their reliance on capital market instruments for funding, with market borrowings projected to rise from 43% of overall liabilities in FY24 to 64% by FY27, according to a report by Avendus Capital. Traditionally dependent on bank loans, NBFCs have faced challenges due to the Reserve Bank of India's (RBI) increased risk weight on bank loans and banks' struggles to secure low-cost deposits. In response, the RBI has mandated that NBFCs source at least 25% of their borrowings from capital markets. Avendus Capital highlights that instruments such as external commercial borrowings (ECBs), non-convertible debentures (NCDs), and commercial papers (CPs) are becoming increasingly vital for diversification, particularly for upper and middle-layer NBFCs. This shift marks a structural rebalancing in the borrowing landscape, with firms like IIFL Finance aiming to reduce bank borrowing to below 50%.
Published: Nov 25 2025, 7 pmeznews.inAgriVijay, India's pioneering curated marketplace and AgTech social enterprise, has announced successful exits for two early investors, yielding returns of up to 400%. The investors, AIC JKLU and angel investor Sanvali Kaushik, had initially backed the startup in 2022 prior to its first major venture capital round. This development coincides with the onboarding of new investors, ABIF IIT Kharagpur and banker Joginder Singh Shekhawat, bringing AgriVijay's total capital raised since 2020 to ₹2.47 crore. The company recently secured a ₹1 crore grant from the ANIC 2.0 Challenge by AIM & NITI Aayog to enhance renewable energy solutions for smallholder farmers. AgriVijay reported a remarkable 105% year-on-year growth, achieving profitability in FY 2024-25 and surpassing ₹5 crore in annual revenue. Co-founder Shobha Chanchlani emphasized the mission of making clean energy accessible to rural families, while founder Vimal Panjwani highlighted their frugal approach amidst a challenging startup landscape.
Published: Nov 25 2025, 6 pmeznews.inIndia's Chief Economic Advisor, V. Anantha Nageswaran, announced on Tuesday that the Indian economy is projected to surpass $4 trillion in the current fiscal year, up from approximately $3.9 trillion at the end of March 2025. Speaking at the IVCA Green Returns Summit 2025, he emphasized the importance of economic growth amid shifting global geopolitics, which is crucial for maintaining India's global standing. Nageswaran highlighted the need for aligning economic strategies with environmental priorities, particularly in areas such as energy transition and climate change. He acknowledged the potential impacts of global warming on agriculture and coastal regions, reaffirming India's commitment to achieving net-zero emissions by 2070. As the fifth largest economy in the world, India's trajectory underscores its growing influence in the global economic landscape.
Published: Nov 25 2025, 5 pmeznews.inLithium prices are projected to rise due to supply constraints in China and strong demand from the electric vehicle (EV) sector, according to analysts. Fitch Solutions' BMI has revised its 2025 price forecasts, estimating $10,100 per tonne for lithium carbonate and $9,700 for lithium hydroxide. The Australian Office of the Chief Economist noted a price increase for spodumene concentrate, which rose from over $600 in June to around $820 by late September. Prices for lithium hydroxide also surged nearly 20% during this period. Recent data shows lithium carbonate futures in China reached a 14-month high of over 87,000 yuan ($12,248) per tonne, reflecting a 22.5% increase since January. Despite expectations of a supply resurgence, demand for lithium, particularly for EV batteries, is anticipated to remain robust, with projections indicating a 25% rise in demand this year compared to 2024. However, the market may not fully absorb the oversupply until the early 2030s.
Published: Nov 25 2025, 5 pmeznews.inMaharashtra is poised to increase its banana acreage significantly in the 2025 marketing year, bolstered by lucrative prices and rising commercial demand, according to a Crisil–APEDA report. The state is expected to solidify its status as India's leading banana producer, contributing nearly 25% to the nation's 14.2 million-tonne output. In a notable shift, bananas have surpassed mangoes in gross value, reaching ₹47,000 crore in 2023-24. Farmers are rapidly expanding banana cultivation, with Solapur emerging as a key area alongside Jalgaon, Nanded, and Jamner. The Maharashtra government is responding to industry needs by establishing a Banana Board and enhancing cold storage and processing facilities. With strong export potential, particularly to the Middle East and the newly accessible UK market, India is well-positioned to capitalize on its competitive pricing, offering bananas at 40% lower than Iraq's average import price.
Published: Nov 25 2025, 5 pm
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