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EaseMyTrip.com has unveiled its strategic investment initiative, EaseMyTrip 2.0, aimed at partnering with high-potential businesses in the travel sector and adjacent industries. Spearheaded by Chairman and Founder Nishant Pitti, the initiative allows the company to acquire up to 49% equity in selected ventures while enabling founders to maintain full operational control. The investment model emphasizes working capital partnerships, granting partner businesses access to EaseMyTrip’s extensive customer base of over 30 million users and its robust digital marketing ecosystem. Target sectors include domestic and international holidays, religious tourism, student travel, luxury travel, and last-mile mobility solutions, among others. The company, which has been profitable since its inception in 2008, reported a 47% CAGR growth in profits before tax from FY20-24, solidifying its status as one of India’s fastest-growing internet firms. As of 2:28 PM, shares of Easy Trip Planners Limited were trading at ₹11.02, down 1.78%. 
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Jun 02 2025, 2 pmeznews.inIn June 2025, the Federation of Automobile Dealers Associations (FADA) reported a significant surge in the Electric Vehicle (EV) market, with sales nearly doubling year-on-year, as 5 out of every 100 passenger vehicles sold were EVs, up from 2 the previous year. Despite this growth, overall vehicle sales saw a decline due to financing challenges and supply shortages, although demand was bolstered by seasonal festivities. The two-wheeler EV segment also experienced a rise, increasing from 6.07% to 7.28% month-on-month. FADA remains cautiously optimistic about the auto retail sector, anticipating a boost from increased government capital expenditure focused on infrastructure and green energy projects. While overall sales volumes fell by 9.44% month-on-month, the Construction Equipment segment soared by nearly 55% year-on-year, indicating strong demand driven by early deliveries and a favorable monsoon forecast, which is expected to enhance rural liquidity and stimulate further growth in the sector.
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Jul 07 2025, 2 pmeznews.inGMR Aero Technic, a leading airframe Maintenance, Repair and Overhaul (MRO) organization in India, has announced a three-year agreement with Akasa Air for base maintenance support of its Boeing 737 MAX fleet. The partnership will see GMR Aero Technic conduct scheduled maintenance checks at its advanced MRO facility within the GMR Aerospace & Industrial Park. This collaboration highlights Akasa Air's commitment to maintaining a modern and reliable fleet, while also reinforcing GMR Aero Technic's reputation as a trusted partner for India's airlines amid a growing MRO ecosystem. Ashok Gopinath, President of GMR Aero Technic, expressed enthusiasm for the partnership, emphasizing the confidence airlines place in their technical expertise. Meanwhile, Akasa Air's COO, Belson Coutinho, noted that the collaboration aligns with their focus on safety and reliability as they expand, further supporting the development of India's MRO sector.
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Jul 07 2025, 2 pmeznews.inA tanker vessel, MV Fulda, reported an explosion shortly after discharging methanol at Deendayal Port in Kandla, Gujarat, prompting a rapid response from port and Coast Guard authorities. Fortunately, no fire or smoke was detected during the incident, and all 21 crew members onboard were safely evacuated. Om Prakash Dadlani, a Public Relations Officer for the port, confirmed that the Coast Guard was alerted and teams were dispatched to the scene. This incident follows a recent high-risk firefighting operation by the Indian Navy on June 29, 2025, when INS Tabar responded to a Mayday call from the Palau-flagged tanker MT Yi Cheng 6, which was experiencing a major fire in its engine room. The Navy successfully evacuated seven crew members and contained the fire, underscoring India's commitment to maritime safety and its role as a first responder in the Indian Ocean Region.
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Jul 07 2025, 2 pmeznews.inIndia has the potential to more than double its maize production to 86 million tonnes by 2047, up from the current 42.3 million tonnes, according to Agriculture Minister Shivraj Singh Chouhan. Speaking at the 11th maize summit organized by FICCI, he emphasized the need for developing high-yielding seed varieties with increased starch content, while maintaining a non-GMO approach. Currently, India's average maize productivity is 3.7 tonnes per hectare, with states like West Bengal and Bihar outperforming the national average. Chouhan highlighted the Indian Council of Agricultural Research's development of 265 maize varieties but stressed the need for further innovation. He also urged states like Punjab and Haryana to diversify from paddy to maize cultivation. Addressing concerns over rising maize feed prices, he assured poultry industry representatives that farmers would benefit from higher prices, while calling for stricter regulations against substandard agricultural inputs.
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Jul 07 2025, 1 pmeznews.inCochin Shipyard Limited (CSL), India's largest state-owned shipbuilder, has entered into a memorandum of understanding (MoU) with South Korea's HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to enhance their global presence and bolster India's shipbuilding capabilities. This strategic partnership will focus on ship design support, equipment supply, technical collaboration, and workforce training. Based in Kerala, CSL has delivered 70 vessels over the past five years, including merchant ships and aircraft carriers. The collaboration aims to improve CSL's competitiveness and productivity while creating opportunities for vessel orders domestically and internationally. An HD KSOE official emphasized the importance of this partnership in strengthening their influence in India's burgeoning market. This initiative aligns with India's maritime policies, including the Maritime India Vision 2030, and follows the announcement of a ₹250 billion (USD 2.92 billion) Maritime Development Fund to enhance port infrastructure and shipbuilding.
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Jul 07 2025, 1 pmeznews.inIn Karnataka, maize has emerged as the standout crop this kharif season, with acreage increasing by 14.6% to reach 13.98 lakh hectares (lh), significantly surpassing last year's 12.20 lh and 68% above the normal for this period. Overall, 50.57 lh has been sown across various kharif crops, accounting for 61% of the targeted 82.50 lh, aided by a 4% surplus in rainfall. However, the area under pulses has declined by 13%, with tur sowing down 21% to 9.88 lh, despite being 47% above the normal. Farmers are shifting towards more profitable crops like maize and cotton, which has seen its acreage rise to 6.11 lh. Oilseed sowing is also lagging behind last year, with groundnut and soybean areas down, while sugarcane and tobacco have seen slight increases. The trends reflect changing agricultural priorities amid fluctuating market conditions.
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Jul 07 2025, 1 pmeznews.inAgri-fintech start-up Dvara E-Registry has launched a new micro loan product aimed at providing secured, asset-backed credit to small and marginal farmers across India. The Micro Loan Against Property (Micro LAP) initiative allows participants in the agricultural value chain to leverage their immovable assets for credit, facilitating enterprise growth and livelihood stability. This launch coincides with Dvara E-Registry surpassing ₹150 crore in cumulative disbursements, having supported over 33,000 farm loans across five states and more than 3,000 villages in collaboration with over 250 farmer producer organisations (FPOs). Co-Founder and CEO Syed Tarique Alam emphasized the importance of offering tailored financial solutions to underserved farmers. The company employs innovative technologies, including an AI-powered credit scoring engine, to enhance lending decisions and improve the efficiency of the agricultural ecosystem, connecting farmers with markets and financial institutions.
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Jul 07 2025, 11 ameznews.inIn June 2025, passenger vehicle (PV) sales in India rose by 2.45% to 297,722 units, compared to 290,593 units in the same month last year, according to the Federation of Automobile Dealers Associations (FADA). Despite this growth, the industry faces challenges, including geopolitical tensions, supply chain issues, and difficulties in securing rare-earth materials, which have impacted production. FADA President CS Vigneshwar noted that dealer sentiment is leaning towards a slowdown, with more dealers expecting flat or declining sales than growth. While two-wheeler (2W) sales increased by 5% to 1,446,387 units, and three-wheeler (3W) and commercial vehicle (CV) sales also saw gains, concerns over inventory management and market conditions persist. Overall, the total vehicle sales across all categories grew by approximately 5% to 2,003,873 units, reflecting a mixed outlook for the industry amid seasonal and economic pressures.
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Jul 07 2025, 10 ameznews.inIn an interview with _businessline_, CII President Rajiv Memani emphasized the importance of policy stability in India's economic growth, highlighting the country's resilience amid global challenges. He noted that macroeconomic indicators, such as low interest rates and controlled inflation at 2.8%, reflect a robust economic environment conducive to business growth. Memani advocated for careful negotiation of trade agreements, particularly with the US, while cautioning against non-tariff barriers that could undermine benefits from reduced tariffs. He also discussed the need for reforms in the Goods and Services Tax (GST) system, suggesting that streamlining audits and addressing input tax credit issues could enhance efficiency for businesses. Looking ahead, Memani identified three critical reforms: expediting land acquisition and environmental clearances, creating platforms for inter-ministerial collaboration, and establishing a sovereign wealth fund to support MSMEs and address supply chain vulnerabilities.
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Jul 07 2025, 9 ameznews.inA report by Jefferies forecasts a slowdown in India's corporate revenue growth in FY26, attributing this trend to a decline in nominal GDP growth, which is projected to ease to 9%, the second-lowest rate since FY04, excluding the pandemic-affected FY21. While real GDP growth is expected to remain stable at 6.5%, lower inflation is dampening nominal growth. Jefferies warns that this softer nominal GDP could adversely impact corporate revenues and credit growth, with bank credit likely to remain capped at 11-12% by March 2026. The report highlights that the anticipated 9% nominal GDP growth would mark a significant drop from the historical average of 12.6% since FY04, suggesting a challenging environment for business expansion and financial sector momentum. This decline in nominal growth could signal a period of reduced earnings and limited credit availability, raising concerns for the broader economy.
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Jul 07 2025, 9 am
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