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US President Donald Trump's recent decision to impose a 25% tariff on Indian imports is set to significantly affect India's gem and jewellery industry, a vital sector for the country's export economy. Rajesh Rokde, Chairman of the All India Gem and Jewellery Domestic Council, warned that handmade jewellery exports could suffer greatly, potentially leading to over 100,000 job losses, following a previous 10% tariff that already impacted 50,000 workers. While Rokde expressed concern over the tariff increase, he noted that India has previously found alternative markets in the European Union and the Middle East. The US remains a crucial market, with India exporting $9.9 billion in jewellery last year. Colin Shah, Managing Director of Kama Jewellery, echoed these concerns, citing ongoing geopolitical tensions and uncertainty in trade relations. Industry stakeholders are now looking ahead to the upcoming India-US Bilateral Trade Agreement talks, hoping for a resolution. 
Published: Jul 31 2025, 1 pmeznews.inBritish families awaiting the identification of remains from the Air India 171 crash, which claimed 241 lives including 52 British nationals, are anticipating DNA match confirmations following high-level discussions between India and the UK. Legal representatives from Keystone Law, assisting the families, have urged for expedited processes amid concerns over mislabelled remains, with two out of twelve caskets repatriated to the UK found to be incorrectly identified. The Indian Ministry of External Affairs has asserted that all remains were handled with professionalism. A preliminary report indicated that fuel supply to both engines was cut off shortly after takeoff, leading to the crash. Keystone Law has called for transparency regarding the investigation and potential compensation from Tata Group, which is reportedly considering a fund to support affected families. The UK’s Air Accidents Investigation Branch is also reviewing the findings of the crash investigation.
Published: Aug 02 2025, 3 pmeznews.inResearch firm ICRA has reported that kharif crop sowing for the 2025 season is expected to surpass last year's figures, driven by favourable monsoon conditions. As of July 2025, sowing has been completed on 76% of the normal area, reflecting a 4% year-on-year increase. Kharif crops, primarily moong, rice, and maize, are typically sown during the rainy months of June and July. The India Meteorological Department's forecast of above-normal rainfall for August and September is promising for ongoing sowing and will aid reservoir replenishment ahead of the rabi season from October to March. The report highlights that India experienced above-normal rainfall in July 2025, with the overall Southwest Monsoon expected to exceed 106% of the long period average. ICRA also projects a 4.5% growth in the gross value added (GVA) for agriculture, forestry, and fishing in the first quarter of 2025-26, alongside a rise in rural wages, which is likely to enhance rural consumption.
Published: Aug 02 2025, 1 pmeznews.inThe recent imposition of a 25 per cent tariff by the US on Indian exports, effective August 7, has raised significant concerns within India's automotive and tyre industries, according to rating firm Icra. With the US representing 27 per cent of India's auto component exports and 17 per cent of tyre exports, the tariff places Indian manufacturers at a competitive disadvantage compared to Asian counterparts like Japan, Vietnam, and Indonesia, which benefit from lower or preferential duties. This tariff increase threatens to undermine the competitiveness of Indian suppliers, particularly in the off-highway and replacement tyre segments. While Indian tyre exporters previously held a slight edge over Chinese competitors, this advantage may diminish due to the more favorable tariff rates for Southeast Asian nations. To mitigate the impact, auto component exporters are expected to diversify their markets and enhance cost efficiencies. The auto components industry reported a turnover of $80.2 billion for FY2025, reflecting a 10 per cent growth from the previous year.
Published: Aug 02 2025, 12 pmeznews.inAdani Airport Holdings Ltd (AAHL), part of the Adani Group, has initiated Phase-1 of a significant city side development project across eight airports in India, covering a total of 655 acres. This first phase will develop 114 acres, with approximately 50 acres allocated to Mumbai and Navi Mumbai, while the remaining 60-65 acres will be distributed among other airports including Ahmedabad, Lucknow, and Jaipur. The city side development aims to create hotels, retail spaces, and entertainment facilities to enhance connectivity and services for urban populations. Currently, the Mumbai airport is the only operational asset, with others undergoing expansion. AAHL reported a 25% increase in income, reaching ₹10,224 crore in Q1 FY26, serving 23.4 million passengers. However, the company anticipates ongoing global trade instability, which may impact pricing and profit margins across its integrated resource management and other sectors.
Published: Aug 02 2025, 11 ameznews.inArtificial intelligence (AI) is increasingly transforming India's agricultural landscape, which supports over 42% of the population and contributes 18.2% to the GDP. Despite these significant figures, the sector grapples with challenges such as low yields, reliance on rainfall, and substantial post-harvest losses. AI tools are now aiding farmers in making informed decisions regarding crop planning, pest control, and irrigation, with optimized systems potentially reducing water usage by 80% while increasing yields by up to 30%. However, the adoption of AI faces hurdles, including undigitized land records and a lack of technological skills among rural farmers. To address these issues, a comprehensive Agri-Stack integrating data and training programs is essential. As global food demands rise, India's role in the agricultural economy becomes increasingly vital, with investments in smart farming technologies projected to soar, highlighting the urgent need for innovation to enhance food security.
Published: Aug 02 2025, 10 ameznews.inAs monsoon rains sweep across India, they bring both vital agricultural benefits and significant disruptions, particularly in the North-Eastern region, which is highly vulnerable due to its geography. This year, Assam has reported over 1.3 million people affected by early floods, with more than 10,000 hectares of farmland submerged. The increasing unpredictability and intensity of these rains, symptomatic of climate change, threaten the region's agriculture and biodiversity, leading to soil degradation and loss of traditional farming practices. Communities, such as the Mising in Majuli, face nutritional insecurity as floods inundate their lands, pushing many into urban migration. However, initiatives like those by the Balipara Foundation are fostering community-led adaptation strategies, integrating traditional knowledge with sustainable practices. As extreme weather events are projected to intensify, the need for resilience-building and recognition of indigenous knowledge becomes critical for the region's ecological and economic future.
Published: Aug 02 2025, 9 ameznews.inThe recent announcement of a 25 per cent tariff by the US on Indian goods, effective August 7, is expected to significantly impact key export sectors, including leather, footwear, textiles, and shrimp. Industry experts predict that India's exports could plummet from $86.5 billion in FY 2025 to $60.6 billion in FY 2026, a 30 per cent decline. The new tariff replaces the previous 10 per cent baseline and is slightly lower than the 26 per cent proposed by President Trump in April. While goods in transit before the tariff's implementation will face a reduced 10 per cent duty, exporters are urging immediate government intervention to mitigate the financial strain. The shrimp sector, which relies heavily on the US market, faces unprecedented challenges. Ongoing negotiations for a bilateral trade agreement between India and the US may offer some relief, but no concessions on agricultural duties are anticipated.
Published: Aug 02 2025, 8 ameznews.inA recent report from SBI Research indicates that the United States' imposition of a 25% tariff on Indian exports is projected to reduce India's GDP growth by 25 to 30 basis points for the fiscal year 2026. Despite the US being India's largest export market, accounting for 20% of exports in FY25, India has successfully diversified its trade, with the top ten countries comprising only 53% of total exports. The report highlights that key sectors such as electronics, gems and jewelry, and pharmaceuticals, which make up 49% of exports to the US, will be significantly affected. While previous tariffs ranged from 0% to 10.8%, the new 25% rate will apply across the board. SBI's Group Chief Economic Adviser, Soumya Kanti Ghosh, criticized the tariff as a poor business decision but expressed optimism that global supply chains would adapt, urging Indian firms to emphasize quality in their products.
Published: Aug 01 2025, 9 pmeznews.inAs of July 31, Indian sugar mills held a stock of 90.58 lakh tonnes, with the government allocating a quota of 22.5 lakh tonnes for domestic sales in August. This allocation suggests a potential closing stock of around 68 lakh tonnes by the end of the month, raising concerns about supply amid increasing festival demand. Last year, the August quota was lower at 22 lakh tonnes, and if September's allocation mirrors this, the closing stock could drop to approximately 46 lakh tonnes. The Indian Sugar and Bio-energy Manufacturers Association (ISMA) projects a gross sugar output of 349.01 lakh tonnes for the 2025-26 season, an 18% increase from the previous year, and has requested government permission for 20 lakh tonnes of exports and 50 lakh tonnes for ethanol production. With the festive season approaching, industry officials anticipate improved production due to better sugarcane yields.
Published: Aug 01 2025, 9 pmeznews.inDomestic passenger vehicle (PV) dispatches in July 2025 experienced a slight year-on-year increase of 1% to 349,179 units, up from 345,845 units in July 2024. Maruti Suzuki India, the country's largest PV manufacturer, reported a marginal rise in wholesales to 137,776 units, compared to 137,463 units last year. Mahindra & Mahindra saw a significant 20% growth, selling 49,871 units, bolstered by new launches like the XUV 3XO ‘REVX’ Series. Kia India also reported an 8% increase in sales to 22,135 units. In contrast, Tata Motors and Hyundai Motor India faced declines of 15% and 10%, respectively. Meanwhile, the two-wheeler segment thrived, with Hero MotoCorp and Honda Motorcycle & Scooter India posting growths of over 18% and 6%, respectively. Despite the overall subdued market outlook, Tata Motors aims to leverage new launches to enhance its performance across segments.
Published: Aug 01 2025, 9 pm
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