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India is nearing the finalisation of a significant defence export agreement with Indonesia for the supply of BrahMos supersonic cruise missiles, valued at approximately $450 million. Defence sources indicate that most negotiations are complete, pending only final approval from Russia, which co-developed the missile system with India. Talks have intensified since Indonesian President Prabowo Subianto's visit to New Delhi in January, where both nations discussed enhancing defence cooperation. The partnership has been further solidified by the recent visit of India's Chief of Defence Staff Gen. Anil Chauhan to Indonesia. The two countries have established a Joint Defence Cooperation Committee and ratified a Defence Cooperation Agreement in January 2025, paving the way for deeper collaboration. This prospective deal follows India's successful missile export to the Philippines, highlighting India's ambition to emerge as a key defence exporter under its 'Atmanirbhar Bharat' initiative, with interest from several other nations. 
Published: Nov 05 2025, 10 ameznews.inHeavy rainfall in Maharashtra, particularly in the coastal Konkan region, has wreaked havoc on paddy crops as the kharif season approaches its conclusion. Reports indicate that over one lakh hectares of paddy cultivation have been affected, with harvested paddy stored for drying either washed away or spoiled, and standing crops submerged. The Konkan belt, which includes Sindhudurg, Ratnagiri, Raigad, Palghar, and Thane, is the state's primary paddy-growing area, and farmers are facing unprecedented losses. State Agriculture Minister Dattatraya Bharne confirmed significant damage across both coastal and inland regions, emphasizing the impact on rural livelihoods. The agriculture department noted that Maharashtra has received 1,145.3 mm of rainfall this monsoon, exceeding the average by 117.6 percent, with untimely showers particularly detrimental to paddy farmers. The government has pledged to conduct a detailed survey of crop losses and implement compensation measures for affected farmers.
Published: Nov 05 2025, 2 pmeznews.inFertiliser giant Paradeep Phosphates Limited (PPL) has appointed cricketing icon Rahul Dravid as its brand ambassador, aiming to align the values of trust, discipline, and reliability that both Dravid and PPL embody. This partnership coincides with the launch of two national campaigns: “Kheti ka Game Changer” for Jai Kisaan Navratna Nano Shakti Nano DAP, and “NPK and Organic Fertilizers ki Winning Team” for PPL’s fertiliser range, which creatively use cricket analogies to educate farmers on agronomy. Dravid, who has inspired young athletes, now seeks to guide farmers in making informed fertiliser choices for improved yields. PPL’s Managing Director, Suresh Krishnan, highlighted Dravid’s integrity as a perfect fit for the brand, while Dravid expressed pride in supporting Indian agriculture. The campaigns will be promoted across various media to enhance awareness of sustainable farming practices, with a focus on balanced fertilisation for optimal crop health.
Published: Nov 05 2025, 2 pmeznews.inIndia's imports of Russian crude oil remained stable in October 2025, rising 2.53% month-on-month to approximately 1.62 million barrels per day (mb/d), driven by increasing domestic demand. Despite an 8% annual decline in shipments, Russia continued to be India's largest crude supplier, with refiners capitalizing on a limited opportunity to sell diesel to the EU before new sanctions take effect in January 2026. However, the recent US sanctions on Russian oil giants Rosneft and Lukoil, which account for over 70% of India's Russian crude imports, are expected to impact future cargoes significantly. Analysts predict a sharp decline in imports starting December 2025, although a complete halt is unlikely due to India's geopolitical stance and attractive margins. Indian refiners are likely to diversify their import sources, increasing shipments from Latin America, the US, and West Africa, while navigating the complexities of new trading arrangements.
Published: Nov 05 2025, 1 pmeznews.inGujarat Pipavav Port Ltd, India's first private port, has reported a remarkable 114% increase in consolidated net profit, reaching ₹161 crore for the second quarter of the financial year 2025-26, bolstered by a surge in RoRo and dry bulk cargo. This profit figure includes ₹43 crore as an exceptional item related to expenses from cyclone Tauktae in May 2021, for which the port had incurred ₹84.7 crore and received an interim claim of ₹35 crore by March 31, 2025. Revenue from operations rose by 32% year-on-year to ₹299 crore, despite an 8.4% decline in container volumes. Notably, dry bulk cargo surged by 128% to 1.05 million tonnes, while RoRo units increased by 70% to 56,000. The board has also approved an interim dividend of ₹5.40 per share, expected to be disbursed by November 25, 2025.
Published: Nov 05 2025, 1 pmeznews.inA delegation of Indian businesses, led by Minister of State for Commerce and Industry Jitin Prasada, engaged in discussions with Romanian counterparts on expanding investments in key sectors including automotive, aerospace, defence, renewable energy, engineering services, and ICT during the India–Romania Business Forum in Brașov. The event, organized by the Chamber of Commerce and Industry of Brașov in collaboration with the Indian Embassy and the Department for Promotion of Industry and Internal Trade, aimed to enhance bilateral investment and industrial cooperation. Prasada also met with Romanian Foreign Minister Oana-Silvia Țoiu to discuss trade expansion and the India–EU Free Trade Agreement, with both sides aiming for its conclusion by year-end. The forum saw the signing of several Memoranda of Understanding and highlighted India's growing economy, inviting Romanian firms to engage in India's manufacturing initiatives. Bilateral trade reached $2.98 billion in FY2023-24, with Indian exports to Romania exceeding $1.03 billion.
Published: Nov 05 2025, 1 pmeznews.inVintage Coffee and Beverages Limited has reported a significant increase in net profit for the second quarter ending September 30, 2025, reaching ₹17.83 crore, up 137% from ₹7.51 crore in the same period last year. The company's revenue also surged by 90%, totaling ₹135.61 crore compared to ₹71.56 crore a year earlier. For the first half of the fiscal year, net profit rose to ₹32 crore, a 166% increase, while revenue climbed 106% to ₹237.22 crore. Chairman Balakrishna Tati highlighted the company's strong performance amid a challenging business environment and expressed confidence in further growth due to robust demand and increased capacity utilization. The company is set to expand its capacity by 4,500 tonnes per annum by FY26 and is progressing on a greenfield project for freeze-dried coffee, with procurement orders already placed for essential machinery.
Published: Nov 05 2025, 12 pmeznews.inBoeing is poised to support India's Regional Transport Aircraft (RTA) programme, which aims to manufacture a commuter aircraft with a range of 600–700 km. Salil Gupte, President of Boeing India, stated that the company’s involvement would focus on providing advanced manufacturing technologies, aligning with India's "Make in India, for the World" initiative. The RTA project, backed by a special purpose vehicle (SPV) that includes public and private sector stakeholders, is seen as a crucial step in enhancing India's aviation capabilities. Gupte emphasized the need for a comprehensive ecosystem, including pilot training and maintenance, to support aviation growth. He also highlighted the potential benefits of the recent Aircraft Objects Act, which could lower leasing costs for Indian carriers and make airfares more competitive. However, concerns remain regarding the draft leasing rules, which some lessors have contested.
Published: Nov 05 2025, 12 pmeznews.inOn Wednesday morning, clouds gathered over the coasts of Sri Lanka and south Tamil Nadu, signaling the arrival of easterly waves that are expected to bring rain. Tamil Nadu experienced rain and moderate thunderstorms on Tuesday, with Meenambakam airport recording 3 cm of rainfall. A well-marked low-pressure area persists over the north-east Bay of Bengal, while a western disturbance is affecting northern regions, particularly hilly areas. The India Meteorological Department has issued an alert for isolated heavy rainfall in Tamil Nadu over the next two days, with light to moderate rain expected across various regions. Meanwhile, Typhoon Kalmaegi is intensifying in the South China Sea, posing a threat to Vietnam and Cambodia after causing destruction in the Philippines. Additionally, a new tropical storm, W31, is being monitored in the West Pacific, potentially evolving into a super typhoon.
Published: Nov 05 2025, 11 ameznews.inImports of seamless pipes and tubes from China surged to 4.97 lakh metric tonnes in FY25, more than doubling from 2.44 lakh metric tonnes in the previous year, according to the Seamless Tube Manufacturers' Association of India (STMAI). This dramatic increase follows a rise in imports from 1.47 lakh tonnes in FY23, up from just 82,528 metric tonnes in FY22. STMAI President Shiv Kumar Singhal highlighted that despite government safeguards, Chinese imports have continued to flood the Indian market, often at prices significantly lower than domestic manufacturers due to practices like over-invoicing. This not only undermines fair trade but also raises concerns over the quality of materials supplied to critical sectors, potentially jeopardizing India's economic sovereignty and national security. The minimum import price is set at ₹85,000 per tonne, while Chinese pipes are reportedly sold for as low as ₹70,000, leading to under-utilization of local production and job losses.
Published: Nov 05 2025, 10 am
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