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mRube: Rubber Board's online market hits ₹680 crore in trades

mRube, India's pioneering electronic trading platform for natural rubber, has garnered significant attention since its launch in 2022, facilitating the trade of over 43,500 tonnes through 2,700 contracts valued at ₹680 crore. The platform has successfully onboarded 2,700 members, including Rubber Producer Societies, tyre and non-tyre manufacturers, dealers, and processors. Designed to enhance transparency and market visibility, mRube allows users to negotiate prices and trade terms seamlessly. To encourage participation, the Rubber Board has introduced awards for top performers, with Balkrishna Industries of Mumbai recognized for the highest volume traded in the tyre sector during 2024-25. Other accolades were awarded to various companies across different categories, highlighting the platform's role in strengthening the rubber value chain and modernizing commodity marketing in India. The initiative reflects a significant advancement in the country's agricultural trading landscape. sources

Published:
Nov 14 2025, 12 pm

India's Blueberry Imports Show Positive Trends, RaboResearch Reports

India is emerging as a promising market for blueberries, despite currently limited imports, according to the RaboResearch Blueberry Update 2025. The report highlights that while China has experienced significant growth in blueberry production and consumption, other Asian countries, including India and Thailand, are also beginning to show increased demand. India alone has an estimated potential market of 87,000 tonnes. As global exporters look to diversify their markets beyond the US and EU, investments in blueberry cultivation are rising in Asia. North America and Europe continue to lead global blueberry demand, with per capita consumption in the US exceeding 1.3 kg. David Magaña, a senior analyst at RaboResearch, noted that the trend towards healthy snacking is driving demand growth. As the global supply expands, producers must focus on quality and strategic marketing to meet the rising consumption in both established and emerging markets. sources

Published:
Nov 14 2025, 12 pm

WPI inflation drops to -1.21% in October due to food prices

Wholesale price inflation (WPI) in India fell to -1.21% in October, a significant drop from 0.13% in September, primarily driven by a sharp decline in food prices, particularly for onions, potatoes, vegetables, and pulses. According to the latest data, deflation in food articles reached 8.31% in October, up from 5.22% the previous month, with vegetable prices plummeting by 34.97% and pulses by 16.50%. The easing of inflation in manufactured goods also contributed, with rates dropping to 1.54%. This decline follows recent cuts to Goods and Services Tax (GST) rates, which aimed to reduce prices on essential items. Retail inflation mirrored this trend, hitting a record low of 0.25% in October, prompting speculation that the Reserve Bank of India may consider lowering benchmark interest rates in its upcoming monetary policy review scheduled for December 3-5. sources

Published:
Nov 14 2025, 12 pm

Bhogapuram airport to open ahead of schedule, says GM Rao

The Greenfield Airport at Bhogapuram is set to be completed ahead of schedule, with operations expected to commence by June 2026, according to G M Rao, Chairman of GMR Group. Speaking at the Andhra Pradesh CII Partnership Summit 2025, Rao announced plans for an integrated aerospace facility spanning 500 acres in Bhogapuram, which will include maintenance, repair, and overhaul (MRO) services. He emphasized that this development will significantly enhance the pre-aerospace economy in Andhra Pradesh and unlock substantial economic growth potential in the region. Rao also highlighted Visakhapatnam's emerging status as the economic capital of the state, recalling the pivotal role played by former Chief Minister N. Chandrababu Naidu in establishing the first Greenfield airport in India at Hyderabad. The announcement marks a significant step forward for infrastructure and economic development in Andhra Pradesh. sources

Published:
Nov 14 2025, 10 am

Pre-owned car market to hit 9.5 million by 2030

According to the Indian Blue Book Survey, nearly half of car buyers in India now prefer SUVs, with the pre-owned car market projected to grow from 5.9 million units in FY25 to 9.5 million by 2030, reflecting a 10% annual increase. SUVs and compact SUVs have surged to dominate over half of the used car market, a significant rise from 23% four years ago, with average selling prices increasing by 36%. Notably, demand is particularly strong in non-metro areas, where 68% of buyers express a willingness to repurchase used vehicles. Volkswagen India's Brand Director, Nitin Kohli, emphasized that consumers are increasingly discerning, prioritizing safety and reliability, which has bolstered the popularity of certified pre-owned vehicles. The survey also revealed that 42% of consumers are inclined to buy the same brand again, with over 70% preferring organized dealers for their superior service and vehicle quality. sources

Published:
Nov 14 2025, 10 am

Niti Aayog VC: Public Sector's Energy Dominance Must Evolve

Suman Bery, Vice Chairman of NITI Aayog, called for a comprehensive review of India's energy market structure during a keynote address at a CII energy security conference. He emphasized the need to move beyond the traditional dominance of public sector enterprises in the hydrocarbon and power sectors, advocating for a balanced mix of public and private participation to enhance energy efficiency and innovation. Bery highlighted that energy security encompasses not just supply but also affordability, diversification, and resilience, urging a focus on existing technologies like solar and hydrogen. He stressed the importance of aligning India's climate commitments with domestic affordability and industrial competitiveness, while also addressing the geopolitical challenges that affect energy security. Bery concluded that the real test lies in scaling new technologies without imposing high costs, as the global energy landscape undergoes significant transformation influenced by green transitions and geopolitical dynamics. sources

Published:
Nov 14 2025, 10 am

Violence erupts in Karnataka sugarcane farmers' protest

Protests by sugarcane farmers in Karnataka's Bagalkot district escalated into violence on Thursday, as over 15 tractor trolleys loaded with sugarcane were reportedly set ablaze near the Godavari Biorefineries Ltd factory in Sameerwadi. The unrest erupted when approximately 300 farmers demonstrated outside the factory, demanding a price of ₹3500 per tonne for their sugarcane, excluding harvest and transportation costs. Sugar factories, however, have maintained they can only offer ₹3200 per tonne, citing financial constraints. Following government intervention, a compromise price of ₹3300 per tonne was established, with the state contributing ₹50 and millers adding another ₹50. While some farmers accepted this resolution, protests continued in Bagalkot. Karnataka, the third-largest sugarcane producer in India, is expected to see increased production this year, with crushing projected to surpass 6 crore tonnes, up from 5.6 crore tonnes last year. sources

Published:
Nov 14 2025, 10 am

Renewable energy loans double year-over-year by September

Indian banks are increasingly optimistic about the renewable energy (RE) sector, with outstanding loans more than doubling year-on-year to ₹14,842 crore as of September 2025, compared to ₹6,778 crore the previous year. This growth significantly surpasses that of other priority sectors such as agriculture, MSMEs, and housing. Industry experts attribute this surge to a robust acceleration in project execution, aided by GST reductions and a favorable policy environment that has enabled previously stalled projects to move forward. Notably, the overall installed RE capacity in India reached approximately 2 lakh Mega Watt (MW) by October 2025, with 27,927 MW added in the first half of FY26. Experts emphasize that the rise in financing reflects expanding execution rather than cost inflation, as input costs have stabilized, allowing developers to optimize project expenses. If the pace of under-construction projects continues, loan growth is expected to remain strong. sources

Published:
Nov 14 2025, 6 am

Govt proposes Seeds Bill to combat fake seed sales

The Indian government has released a draft Seeds Bill aimed at reforming the seed industry, inviting public feedback until December 11. This legislation seeks to replace the outdated Seeds Act of 1966 and the Seeds (Control) Order of 1983, introducing measures to ensure the availability of high-quality seeds while penalising the sale of spurious varieties with fines ranging from ₹50,000 to ₹30 lakh. The Bill proposes to decriminalise minor offences to ease business operations, while maintaining strict penalties for serious violations. It defines various offences, including trivial and minor infractions, and outlines a structured penalty system. The draft also retains the Central Seed Committee's role in the registration process, with plans for a new Registration Sub-Committee to evaluate seed variety applications. Experts have described the Bill as growth-oriented, aiming to protect farmers and promote innovation in the seed sector. sources

Published:
Nov 13 2025, 8 pm

India, Canada Trade Ministers aim to boost economic ties

India and Canada have taken significant steps to strengthen their economic partnership during the 7th India-Canada Ministerial Dialogue on Trade and Investment held in New Delhi. Union Minister Piyush Goyal and Canadian Minister of International Trade Maninder Sidhu co-chaired the discussions, which aimed to enhance bilateral trade and investment, particularly in nutrition, health, and supply chain resilience. This dialogue marks a thaw in relations following a two-year diplomatic standoff triggered by accusations against Indian officials regarding the killing of a Sikh separatist leader in Canada. The ministers reviewed recent trade policies and expressed interest in resuming suspended free trade agreement talks. With bilateral trade reaching $18.38 billion in 2023, both sides emphasized the importance of fostering a transparent business environment and exploring new opportunities in sectors like energy, clean technology, and agriculture to ensure mutual prosperity. sources

Published:
Nov 13 2025, 9 pm

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