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In the latest market update, the SENSEX closed at 85,631.60, down by 75.07 points, while the NIFTY fell by 30.45 points to settle at 26,172.50. In commodities, crude oil prices rose by ₹40 to reach ₹5,364.00, while gold and silver saw significant increases, with gold up by ₹1,238.00 at ₹128,121.00 and silver rising by ₹2,372.00 to ₹174,009.00. Meanwhile, the Finance Ministry reported that GST collections for November reached over ₹1.7 lakh crore, reflecting a modest growth of 0.7% compared to the previous year, influenced by the recent GST rate cut effective from September 22. Domestic collections were over ₹1.24 lakh crore, down by more than 2% year-on-year, although imports saw a nearly 10% increase, contributing around ₹46,000 crore to the total. 
Published: Dec 01 2025, 3 pmeznews.inThe West Bengal government has issued a new Request for Proposal (RFP) for the development of the Tajpur deep-sea port in East Medinipur, effectively terminating its previous tender process that had awarded the project to Adani Ports and Special Economic Zone (APSEZ). Initially, a provisional Letter of Intent was granted to APSEZ in October 2022 after it was selected as the top bidder. However, the state cabinet decided to pursue a fresh tender earlier this year, ending a four-year association with the Adani Group. The new RFP invites bids for the port's development on a Design, Build, Finance, Operate and Transfer (DBFOT) basis, with a 99-year concession period and state support for rail and road linkages. The project, which aims to attract investments of ₹25,000 crore, was first approved in 2016, and Chief Minister Mamata Banerjee recently confirmed its readiness for tender during the Bengal Global Business Summit.
Published: Dec 01 2025, 3 pmeznews.inOn the opening day of the Winter Session of Parliament in New Delhi, Lok Sabha Speaker Om Birla oversaw proceedings as the Government sought approval for a substantial cash outlay exceeding ₹41,500 crore. This request is part of the first Supplementary Demands for Grants (SDG), which entails a total additional expenditure of over ₹1.32 lakh crore, with the bulk of the fresh cash aimed at fertilizer subsidies and compensating oil marketing companies for LPG under-recoveries. Notably, the overall fiscal deficit is projected to remain stable at 4.4% of GDP. The SDG document specifies that over ₹18,500 crore will be allocated for fertilizers, while ₹9,400 crore is earmarked for oil marketing companies. Additionally, over ₹2,500 crore is designated for Ladakh and ₹2,100 crore for Manipur as part of a development package. The SDG outlines necessary expenditures beyond the initial budget for the financial year.
Published: Dec 01 2025, 2 pmeznews.inIn a bid to sustain high taxation on tobacco products, Finance Minister Nirmala Sitharaman introduced two significant bills in the Lok Sabha on December 1, 2025. The "Health Security se National Security Cess Bill, 2025" aims to impose a new cess on pan masala, while the "Central Excise (Amendment) Bill, 2025" seeks to levy additional taxes on cigarettes and other tobacco items. Currently, these products are subject to a Goods and Services Tax (GST) of 28% alongside a compensation cess, which is set to expire as the government nears the repayment of loans taken during the COVID-19 pandemic. With the cessation of the compensation cess, the new legislation will ensure that tobacco products continue to be taxed at the higher GST rate, maintaining the financial burden on consumers. The changes come as part of a broader rationalization of GST rates across various sectors.
Published: Dec 01 2025, 12 pmeznews.inIn a recent price revision, Aviation Turbine Fuel (ATF) in Delhi saw a significant increase of ₹5,133.75 per kilolitre, bringing the total to ₹99,676.77 per kl, marking the third consecutive monthly hike. This 5.4% rise follows earlier increases of 1% and 3.3% in November and October, respectively, and is expected to exert additional pressure on airlines, which allocate nearly 40% of their operating costs to fuel. Meanwhile, the price of a 19-kg commercial LPG cylinder was reduced by ₹10 to ₹1,580.50 in Delhi, continuing a trend of price cuts that have collectively lowered costs by ₹223 since April. Domestic LPG prices remain stable at ₹853 for a 14.2-kg cylinder. Fuel prices vary across cities due to local taxes, while petrol and diesel prices remain unchanged after a reduction last year. The revisions are conducted monthly by major state-owned oil companies based on international benchmarks.
Published: Dec 01 2025, 1 pmeznews.inIndia's National Policy on Biofuels has accelerated its target for ethanol blending in petrol, moving the goal of 20% blending from 2030 to the Ethanol Supply Year (ESY) 2025-26, which runs from November 2025 to October 2026. As of October 2025, ethanol blending reached 19.97%, with over 77 crore litres stored. During ESY 2024-25, public sector oil marketing companies (OMCs) received approximately 1,003 crore litres of ethanol, consuming 1,022 crore litres to achieve a 19.2% blending rate. The government has allocated 52 lakh tonnes of surplus rice and 40 lakh tonnes of sugar for ethanol production to meet the new target. Additionally, the price of ethanol from FCI rice has increased to ₹60.32 per litre for ESY 2025-26. OMCs have invited bids for 1,050 crore litres of ethanol, with a detailed supply schedule set for the coming months.
Published: Dec 01 2025, 1 pmeznews.inRain and thundershowers from the remnant deep depression of Cyclone Ditwah were concentrated around and north of Chennai on Monday morning. The cyclone weakened into a deep depression overnight, located approximately 50 km east-southeast of Chennai and moving slowly northwards along the coasts of north Tamil Nadu, Puducherry, and south Andhra Pradesh. The India Meteorological Department (IMD) reported that the system is expected to weaken further into a depression during the day. Heavy rainfall is anticipated across north Tamil Nadu, Odisha, and Telangana, with thunderstorms expected to affect various regions, including Coastal Andhra Pradesh and Rayalaseema, over the next few days. In light of the adverse weather conditions, the IMD has advised a total suspension of fishing operations along the affected coastal areas and cautioned fishermen against venturing into the sea until Tuesday.
Published: Dec 01 2025, 12 pmeznews.inThe Indian manufacturing sector experienced a notable slowdown in November, with the Purchasing Managers' Index (PMI) falling to 56.6 from 59.2 in October, marking the weakest growth since February. Despite remaining above the neutral threshold of 50.0, the decline reflects a broader moderation across key indicators, including new orders, output, purchasing activity, and employment. New export orders rose at their slowest pace in over a year, indicating softening external demand, while overall sentiment towards future output dropped to its lowest level since mid-2022. Although employment continued to expand, it did so at the softest rate in 21 months, highlighting a cooling labor market. While firms expressed confidence in increasing output over the next year, positive sentiment has waned significantly, suggesting that the manufacturing sector is expanding at a slower pace amid weakening demand and reduced job creation.
Published: Dec 01 2025, 12 pmeznews.inMarina Beach in Chennai presents a stark and "desolate look" as Cyclone Ditwah, now weakened to a deep depression, continues to impact the region with rough sea conditions and strong winds. Official closures have been enforced along the coast, affecting popular areas such as Chennai, Thiruvallur, Kancheepuram, Cuddalore, and Ranipet, which are experiencing moderate rainfall. The India Meteorological Department (IMD) reported that the system, moving northward at 10 km/h, is currently situated about 90 km south-southeast of Chennai and is expected to remain stationary for the next 24 hours. The deep depression, located approximately 50 km from the north Tamil Nadu-Puducherry coasts, is forecasted to gradually weaken further into a depression by noon on December 1. Residents are advised to remain cautious as the remnants of the storm continue to affect local weather conditions.
Published: Dec 01 2025, 10 ameznews.inIndian buyers have made significant forward purchases of soybean oil, securing over 150,000 tons monthly from April to July 2026, in anticipation of rising palm oil prices. This unusual buying trend, driven by soybean oil's $20- to $30-a-ton discount compared to palm oil, reflects concerns over potential shortages due to Indonesia's plans to increase its biodiesel blend from 40% to 50% in late 2026. Traders are hedging against this policy, which could tighten global supplies and elevate prices. Additionally, expectations of reduced sunflower oil availability from the Black Sea region are influencing market dynamics. Despite the current price disparity, with palm oil being $90–$100 cheaper per ton than soybean oil, demand for soybean imports has been subdued, as some buyers have canceled orders due to lower domestic prices. This shift highlights the complexities of the vegetable oil market as traders navigate fluctuating supply and demand conditions.
Published: Dec 01 2025, 10 am
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