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The SENSEX closed at 83,689.70, down 249.01 points, while the NIFTY fell by 25.25 points to 25,696.85. In commodity markets, crude oil prices rose by 30.00 to reach 5,452.00, while gold and silver saw increases of 475.00 and 965.00, respectively, bringing their prices to 121,707.00 and 149,252.00. Meanwhile, the Wheat Products Promotion Society (WPPS) is set to host a two-day national seminar titled “Wheat in Transformation: Preparing for Climate, Quality and Consumption” on November 7-8, 2025, in Chandigarh. The event aims to unite the entire wheat value chain, including farmers, millers, and researchers, to address challenges posed by climate change and evolving consumer trends. Industry leaders from companies like ITC Ltd and Nestlé will discuss innovations in technology and sustainability, highlighting Punjab's crucial role in India's wheat industry. 
Published: Nov 03 2025, 9 ameznews.inDP World has signed a Memorandum of Understanding (MoU) with the Cochin Port Authority to enhance the cargo handling infrastructure at the Vallarpadam International Container Transshipment Terminal (ICTT). The agreement was formalized during India Maritime Week 2025 in Mumbai, with key figures including Rizwan Soomar, CEO of DP World for MENA and the India Subcontinent, and B. Kasiviswanathan, Chairperson of Cochin Port Authority. The collaboration aims to develop advanced facilities in line with the Maritime Amrit Kaal Vision 2047, focusing on improving marine infrastructure to accommodate future vessel requirements. Soomar emphasized that strengthening Kerala’s maritime infrastructure is vital for India's global trade ambitions, while Kasiviswanathan highlighted the partnership as a significant step towards modernizing Cochin Port and enhancing its capabilities, ultimately unlocking new opportunities for trade and industrial growth.
Published: Nov 03 2025, 4 pmeznews.inIn a positive turn for the travel industry, demand for trips to China is surging as connectivity improves between the two nations. IndiGo has launched flights from Kolkata to Guangzhou and will commence services from Delhi on November 10, while China Eastern Airlines is set to begin its Shanghai-Delhi route on November 9. This revival follows the restoration of direct flights and a more relaxed visa process, prompting travel companies like Thomas Cook India and SOTC to reintroduce holiday packages featuring new destinations and attractions. Rajeev Kale, president of Thomas Cook India, noted that the new flight connectivity has sparked consumer interest, allowing the company to expand its offerings to cater to modern travelers. The evolving landscape of China is also positioning it as a promising destination for meetings, incentives, conferences, and exhibitions (MICE).
Published: Nov 03 2025, 4 pmeznews.inBilateral trade agreements between the US and several Asia-Pacific (APAC) nations are expected to reduce uncertainty for Asia's exporters and potentially boost GDP growth in these countries over the coming years, according to Fitch Ratings. While India has yet to secure a trade deal with the US, its 50% tariff remains significantly higher than those faced by other Asian exporters, although negotiations may progress soon. Recent agreements, announced between October 20-30, include deals with China, Japan, Korea, Vietnam, Malaysia, Thailand, Australia, and Cambodia, with the most significant impact anticipated from a reduction in the US fentanyl-related tariff on China. The US and China have also agreed to pause recent trade restrictions for a year. While these developments may enhance economic growth in China and the US, the overall direct impact on other Asian economies is expected to be limited, though clarity on tariffs could bolster exporters' confidence and investment in key markets.
Published: Nov 03 2025, 3 pmeznews.inIndia is set to significantly expand its incentive programme for rare earth magnet manufacturing, increasing it to over ₹7,000 crore ($788 million) as it seeks to bolster domestic production amid China's tightened export controls, which have disrupted global supplies. This initiative, pending cabinet approval, marks a substantial increase from a previous $290 million plan aimed at securing essential materials for electric vehicles and renewable energy. Prime Minister Narendra Modi has emphasized the need for stable and diversified supply chains, warning against the weaponization of critical minerals. However, India's efforts face challenges, including limited funding, expertise, and environmental concerns associated with rare earth mining. The government plans to support around five companies through subsidies while exploring alternative technologies to reduce reliance on rare earths. Despite interest from global suppliers, India's ambitions may be hindered if China eases its export restrictions, potentially making Chinese magnets more competitive.
Published: Nov 03 2025, 3 pmeznews.inIndia's deal market experienced a significant surge in the July-September 2025 period, recording 999 transactions valued at $44.3 billion, marking a 13% increase in volume and a remarkable 64% rise from the previous quarter, according to PwC India's "Deals at a Glance" report. This performance represents the strongest quarterly results in six quarters, driven primarily by mergers and acquisitions (M&A), which accounted for 518 deals worth $28.4 billion—an 80% increase in value. Private equity activity also thrived, with 481 deals valued at $15.9 billion, reflecting a 121% year-on-year increase in value. The IPO market saw exceptional growth, with 159 new listings, a 156% sequential rise. Experts attribute this momentum to renewed confidence in India's economic landscape, supported by robust domestic demand and favorable policies, paving the way for continued strategic investments and partnerships across sectors.
Published: Nov 03 2025, 2 pmeznews.inIndia's crude oil imports from Russia are projected to have increased slightly in October, reaching approximately 1.48 million barrels per day (bpd), up from 1.44 million bpd in September, according to preliminary data from Kpler and OilX. This rise comes despite U.S. pressure to reduce purchases following sanctions imposed on two major Russian oil producers, Lukoil and Rosneft, aimed at curtailing Moscow's war in Ukraine. As a result, Indian refiners, including Reliance Industries and Mangalore Refineries, have halted new orders for Russian oil and are exploring alternatives in the spot market. Analysts predict that while imports may remain steady until November 21, a decline is expected thereafter. In response to the sanctions, Reliance has turned to spot markets, purchasing millions of barrels, while Mangalore Refineries has secured 2 million barrels of Abu Dhabi Murban crude to replace Russian supplies.
Published: Nov 03 2025, 2 pmeznews.inAllcargo Logistics Limited has confirmed that the demerger of its international supply chain business and the merger of its domestic operations became effective on November 1. This restructuring, approved by the Mumbai branch of the National Company Law Tribunal (NCLT) on October 10, involves the creation of a new entity, Allcargo Global Limited, which will house the international supply chain operations. Meanwhile, the domestic express distribution and consultative logistics businesses will be consolidated into Allcargo Logistics Limited to enhance operational synergy. The board has set November 12 as the record date for the transaction, after which Allcargo Logistics shares will trade without the international business. Shareholders will receive one share in both Allcargo Logistics and Allcargo Global on a 1:1 basis, while Allcargo Gati Limited shareholders will receive 63 shares of Allcargo Logistics for every 10 shares held. The listing of Allcargo Global will follow regulatory approvals.
Published: Nov 03 2025, 1 pmeznews.inAround 1,000 delegates from India and abroad are set to gather in Kochi for the fourth edition of the International Symposium on Marine Ecosystems: Challenges and Opportunities (MECOS-4), commencing on Tuesday at the ICAR-Central Marine Fisheries Research Institute. The event, inaugurated by former ISRO Chairman S Somanath, will address critical issues facing marine ecosystems, fisheries, and aquaculture, with approximately 500 research works presented across four key themes: ecosystem and biodiversity conservation, sustainable fisheries and mariculture, climate and environmental resilience, and products, value chain, and livelihoods. Special sessions will focus on women in marine biology and marine mammal research, alongside an industry meet aimed at fostering collaboration between scientific innovation and commercial application. Additionally, the BIMSTEC-India Marine Research Network meeting will promote regional cooperation, with the symposium expected to pave the way for a comprehensive roadmap towards healthier oceans and humanity.
Published: Nov 03 2025, 1 pmeznews.inThe Indian garments and textiles industry, significantly impacted by US import tariffs, is urging the government for various fiscal measures ahead of the 2026-27 budget. In recent consultations, industry representatives highlighted the need for tax concessions, depreciation allowances, and the revival of the interest equalisation scheme, which supports micro and small enterprises in the sector. With US tariffs on Indian textiles reaching 50%, compared to 19-20% for competitors like Vietnam and Bangladesh, exports have plummeted by 37% from May to September 2025. The sector, which employs over 45 million people and is projected to grow from $174 billion to $350 billion by 2030, is also advocating for a 15% concessional tax rate to bolster new manufacturing firms. Additionally, they seek expanded duty-free import benefits for trims and accessories to enhance competitiveness amid global economic challenges.
Published: Nov 03 2025, 1 pmeznews.inIndia's manufacturing sector showed significant improvement in October, with the Purchasing Managers' Index (PMI) rising to 59.2, up from 57.7 in September, marking the twelfth consecutive month of job creation, according to S&P Global. The PMI, which reflects the health of the sector based on responses from 400 purchasing managers, indicates expansion when above 50. Chief India Economist at HSBC, Pranjul Bhandari, noted that robust demand spurred growth in output, new orders, and job creation, despite a modest increase in input costs. The report highlighted that GST reforms, productivity gains, and technological investments have bolstered manufacturing productivity. While external sales grew at the slowest pace in ten months, manufacturers remain optimistic about future business, attributing their positive outlook to ongoing GST reforms and anticipated demand resilience. Overall, the sector's performance reflects a strengthening economy, with expectations for continued growth.
Published: Nov 03 2025, 12 pm
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