eznews.in
As the base effect on food prices diminishes, Crisil forecasts that India's headline Consumer Price Index (CPI) inflation will rise slightly to an average of 2.5% for the financial year 2025-26. In November, CPI inflation increased to 0.7% from 0.3% in October, driven by a slower pace of deflation in food and beverages and a rise in fuel costs. Although food deflation persisted for the third consecutive month, its intensity lessened, particularly in vegetables and pulses. Core inflation, excluding gold, eased to 2.5%. The Reserve Bank of India (RBI) Governor Sanjay Malhotra described the current economic climate as a "rare goldilocks period," with robust growth and low inflation. Following a recent monetary policy review, the RBI cut the repo rate to 5.25% and revised its CPI inflation forecast for 2025-26 down to 2.0%, indicating a broad-based softening in prices across goods and services. 
Published: Dec 13 2025, 9 ameznews.inCrisil forecasts a significant increase in profitability for cement manufacturers this fiscal year, projecting a growth of 250-300 basis points driven by a 6.5-7.5% year-on-year rise in cement volume, up from 5% last year. The first half of the fiscal saw a moderate 5% growth, with expectations of an 8-9% increase in the second half due to pent-up demand and improved liquidity. Average pan-India cement prices are expected to remain stable at ₹354-359 per 50 kg bag, despite a reduction in the GST rate from 28% to 18%, which may exert downward pressure on retail prices. However, premiumisation and strong demand are anticipated to enhance realisations. Crisil's analysis of 14 major manufacturers indicates a modest 3% price increase in the first half, with a projected overall improvement of 2.5-3.5% for the year. Operating margins are expected to expand to 18-20%, despite potential risks from rising energy costs.
Published: Dec 13 2025, 12 pmeznews.inInterGlobe Aviation, the operator of IndiGo airline, has approached the Delhi High Court seeking a refund of over ₹900 crore paid in Customs duty on aircraft engines and parts re-imported after overseas repairs. The plea was presented before Justices Prathiba M Singh and Shail Jain, who recused herself due to a conflict of interest, as her son is a pilot with IndiGo. The case will be reassigned to another bench. IndiGo argues that the Customs duty on these re-imports is unconstitutional, constituting a double levy on the same transaction, as it had already paid the basic Customs duty and Goods and Services Tax (GST) upon re-import. The airline claims that a previous Customs tribunal ruling supports its position, stating that such duties should not be levied again. Despite filing refund claims, the Customs authorities have denied them, insisting that IndiGo must first seek reassessment of each bill of entry.
Published: Dec 13 2025, 10 ameznews.inSustainable livestock nutrition in India focuses on high-quality, balanced feed, moving away from reliance on poor-quality crop residues. This approach is crucial for the country's vast livestock sector, which contributes approximately 5.5% to national GDP and 30.23% to agricultural GVA, with India being the world's largest milk producer. However, many indigenous dairy animals yield below global averages due to sub-optimal nutrition and inadequate healthcare. Enhancing livestock nutrition can significantly boost productivity and income, particularly benefiting small-scale farmers and rural women, who play vital roles in livestock management. Improved feeding practices not only increase milk and meat production but also support national food security and environmental sustainability. The growing demand for quality feed presents economic opportunities for agribusinesses, while successful adoption hinges on access to affordable fodder, farmer education, and integrated farming practices. Overall, sustainable nutrition is key to strengthening India's livestock sector and promoting rural development.
Published: Dec 13 2025, 9 ameznews.inIndiGo Airlines has announced an estimated payout of over 5 billion rupees ($55.19 million) to customers affected by the cancellation of approximately 4,500 flights last week, which stranded thousands of passengers. The mass cancellations were attributed to poor pilot roster planning, prompting the civil aviation regulator to mandate a 10% reduction in the airline's domestic winter schedule. In a statement on social media platform X, IndiGo confirmed it is working to identify flights that severely impacted travelers on December 3, 4, and 5, and will compensate those whose flights were cancelled within 24 hours of departure. The airline has faced criticism for its inadequate planning regarding new rest periods and duty regulations, which resulted in grounded aircraft and disrupted travel. Additionally, IndiGo has revised its capacity and passenger unit revenue forecasts for the third quarter in light of the reduced winter schedule.
Published: Dec 13 2025, 9 ameznews.inIndiGo has been hit with a substantial penalty of ₹58.75 crore by the Additional Commissioner of CGST, Delhi South Commissionerate, concerning GST for the financial year 2020-21. The airline announced its intention to contest the order, asserting that it believes the ruling is erroneous and that it has a strong case supported by external tax advisors. In a regulatory filing to the Bombay Stock Exchange, IndiGo emphasized that the penalty and GST demand would not significantly impact its financials, operations, or other activities. Following the announcement, shares of IndiGo saw a slight increase, closing at ₹4,860.85 on the BSE. The airline's response highlights its commitment to challenging the decision through appropriate legal channels.
Published: Dec 13 2025, 9 ameznews.inIndiGo operated over 1,950 flights on Thursday, with only four cancellations due to adverse weather conditions, as the airline prepares to increase its operations to 2,050 flights on Friday. This comes amid an ongoing investigation into recent mass flight cancellations, which prompted India's aviation regulator, the Directorate General of Civil Aviation (DGCA), to relieve four flight operations inspectors from their duties. IndiGo's CEO, Pieter Elbers, has been summoned for a second consecutive day to provide details on the cancellations. In response to the crisis, IndiGo's board has appointed Chief Aviation Advisors LLC, led by veteran Captain John Illson, to conduct an independent review of the operational disruptions. The airline aims to identify the root causes and improve its operations, having reported a return to normalcy with all 138 destinations now connected.
Published: Dec 12 2025, 8 pmeznews.inThe Telangana Dairy Development Cooperative Federation Ltd (TDDCF), which oversees Vijaya Dairy, has announced plans to increase its milk procurement from 4.4 lakh litres to 6 lakh litres per day in the coming months. Chairman Gutha Amith Reddy highlighted that while the cooperative currently sells 3.20 lakh litres daily, the surplus is being converted into value-added products. Speaking at a conference on dairy entrepreneurship, he emphasized the importance of enhancing milk procurement and market absorption. To further boost sales, TDDCF aims to expand its network by establishing 400 to 500 new parlours over the next three to four years. Recently, the cooperative opened 50 parlours within the Greater Hyderabad Municipal Corporation (GHMC) limits and an additional 25 in rural areas, with plans for another 25 openings next month. Amith Reddy encouraged entrepreneurs to seize the opportunity to establish parlours across the state.
Published: Dec 12 2025, 10 pmeznews.inA strike by the All Sea Ports Trailer Owners Consortium, which began on December 10, has significantly disrupted container movement at Chennai, Kattupalli, and Ennore ports. The protest stems from a recent notification by the Union Ministry of Road Transport and Highways, which increased fitness certification testing fees for older vehicles, particularly those over 15-20 years old. While some transport associations, container freight stations, and Custom House Agents continue operations, many are hesitant to do so due to intimidation from striking groups. The protesters are also calling for the regulation and streamlining of the online fine system. Despite a meeting between the Regional Transport Office and the Trailer Association, no resolution was reached, prompting the strike to continue. This disruption has led to delays in deliveries and exports, resulting in increased costs for the trade, according to the Chennai Port Authority.
Published: Dec 12 2025, 10 pmeznews.inSohan Lal Commodity Management (SLCM), a leading post-harvest logistics and agri-solutions firm in India, has been awarded the Excellence in Agri-Warehousing Award by the Confederation of Indian Industry (CII) at the 12th Supply Chain and Logistics Excellence (SCALE) Awards. This accolade recognizes SLCM's innovative post-harvest management platform, which combines scientific warehousing, AI-driven quality testing, and real-time monitoring, significantly reducing post-harvest losses while enhancing transparency and efficiency. Group CEO Sandeep Sabharwal highlighted the transformative impact of SLCM’s flagship solutions, Agri Reach and Agri Suraksha, in redefining trust within the agriculture value chain. The jury praised the scalability and precision of SLCM’s patented Agri Reach application, which integrates a comprehensive Warehouse Management System with AI-enabled quality control. This marks the fifth time SLCM has received a CII SCALE Award, having previously won in 2017, 2018, 2019, and 2024.
Published: Dec 12 2025, 9 pm
For the fastest, latest, not so wokest news, 'experts say' you need to visit Eznews
India
World
Economy
Science
Health
Showbiz
Contact