eznews.in
The Indian monsoon is expected to cover the entire country by the end of June, with heavy rains advancing into Rajasthan and Central India, supported by successive low-pressure areas, according to the European Centre for Medium-Range Weather Forecasts. On Wednesday, the monsoon made significant progress into north-western and eastern regions, reaching parts of Rajasthan, East Uttar Pradesh, Madhya Pradesh, Bihar, Chhattisgarh, and Jharkhand. The Indian Meteorological Department (IMD) indicated favorable conditions for further monsoon advancement across additional areas in Rajasthan, Uttar Pradesh, and parts of Uttarakhand and Himachal Pradesh over the next few days. Heavy pre-monsoon rainfall was reported in Punjab, West Uttar Pradesh, and Delhi, while Assam and Meghalaya experienced intense monsoonal downpours. However, predictions suggest that the current low-pressure system may weaken, potentially allowing a new system to develop over the Bay of Bengal in the coming week. 
Published: Jun 18 2025, 6 pmeznews.inAir India has announced a 15% reduction in its wide-body international flights for the coming weeks as it seeks to stabilize operations following recent disruptions. This decision is a response to airspace closures and increased maintenance checks mandated by the Directorate General of Civil Aviation (DGCA) after a fatal air crash last week, which led to the cancellation of 83 flights over six days. The airline stated that the cuts, effective until at least mid-July, aim to enhance operational efficiency and minimize passenger inconvenience. Inspections of Air India's 33 Boeing 787 aircraft are underway, with 26 already cleared for service, while additional safety checks will be conducted on its Boeing 777 fleet. The measures reflect the airline's commitment to ensuring safety and reliability in light of the recent challenges.
Published: Jun 18 2025, 11 pmeznews.inIn a recent report by the World Economic Forum (WEF), 77 out of 118 countries improved their energy transition scores in 2025, yet only 28% advanced across all three critical dimensions of energy: security, sustainability, and equity, indicating uneven progress. India ranked 71st, a drop from 63rd last year, despite notable improvements in energy efficiency and investment capacity, particularly in enhancing access to energy and clean fuels. Sweden topped the index, followed by Finland, Denmark, Norway, and Switzerland, while the US and China ranked 17th and 12th, respectively. The report emphasizes that the largest economies, including India, China, the US, the EU, and Japan, will significantly influence the global energy transition, accounting for half of global GDP and emissions. However, challenges such as geopolitical tensions and investment gaps threaten to hinder progress, even as clean energy investments reached $2 trillion in 2024.
Published: Jun 18 2025, 10 pmeznews.inWipro Infrastructure Engineering (WIN) has entered exclusive negotiations to acquire a majority stake in French aerospace manufacturer Lauak Group, as announced at the Paris Air Show on Wednesday. The deal, expected to finalize in the coming months pending customary conditions, aims to bolster Wipro's presence in the European aerospace market and enhance its global capabilities. Pratik Kumar, CEO of Wipro Infrastructure Engineering, emphasized that the acquisition aligns with Wipro's vision of creating a comprehensive aerospace solutions platform, promising increased value and innovation for customers. The agreement will establish a joint board of directors, with Mikel Charritton remaining as CEO to ensure operational continuity. The combined entity will be branded as WIPRO LAUAK, with Charritton expressing enthusiasm for the partnership's potential to innovate and strengthen their market position.
Published: Jun 18 2025, 8 pmeznews.inFinance Minister Nirmala Sitharaman announced on Wednesday that India's fintech market is expected to soar to $400 billion by 2028-29, reflecting an annual growth rate exceeding 30%. Speaking at the Digital Payments Awards 2025, she emphasized the immense opportunities within the sector, urging innovators to "Innovate, Include, and Inspire." Sitharaman highlighted India's remarkable achievement of 80% financial inclusion in just six years, attributing this success to the Digital Public Infrastructure (DPI) and noting that India accounts for nearly half of all global real-time digital payment transactions. She also pointed out the potential for Indian fintech innovations to serve as global public goods, with international merchant payments via UPI already accepted in seven countries. The rapid growth of the fintech sector, with nearly 700 entities joining the Account Aggregator platform in three years, showcases India's unique momentum in financial technology, positioning it as a leader in the global market.
Published: Jun 18 2025, 9 pmeznews.inPrithish Chowdhary, CEO of Titagarh Rail Systems Ltd (TRSL), announced that the new forged wheel set plant, a joint venture with Ramkrishna Forgings, located in Gummudipoondi near Chennai, is set to be fully operational by March 2026. The facility will produce 228,000 wheels annually, with 80,000 designated for Indian Railways over the next two decades, catering to various train types, including metros and Vande Bharat trains. Chowdhary revealed that Indian Railways has ordered 250 Vande Bharat sleepers, with contracts split between Kinet Railway Solutions and a consortium of BHEL and TRSL. At the Uttarpara plant, production lines for Ahmedabad Metro and Vande Bharat coaches have been inaugurated, with prototypes expected by early 2026. The company has secured over ₹1,200 crore in orders for FY25, including significant contracts for freight rolling stock and propulsion systems. The facility, spanning 35 acres, faced initial delays due to visa issues for Chinese workers but has since resolved these challenges.
Published: Jun 18 2025, 7 pmeznews.inUnion Agriculture Minister Shivraj Singh Chouhan has announced a comprehensive review of the "Viksit Krishi Sankalp Abhiyan," a 15-day initiative aimed at connecting agricultural research with farmers, which concluded on June 12. A meeting scheduled for June 24 will gather state agriculture ministers, officials, and scientists to evaluate the campaign's success and develop future strategies. Chouhan emphasized the need for sector-specific discussions, starting with soybean productivity, and a stakeholder meeting is set for June 26 in Indore to address low yields and advocate for genetically modified technology. The campaign engaged 1.34 crore farmers across 721 districts, conducting over 60,000 programs. In response to farmers' concerns about seed and pesticide quality, the government plans to tighten regulations and amend existing legislation. Chouhan also committed to increasing field visits to enhance farmer engagement and incorporate their feedback into future agricultural policies.
Published: Jun 18 2025, 7 pmeznews.inCommuters in Bengaluru are expressing frustration over rising transportation costs following the Karnataka government's ban on bike-taxi services. IT professional Ajay, who previously paid ₹60-70 for an 8 km bike ride, now faces nearly ₹200 for the same distance in an autorickshaw, effectively doubling his daily commute expenses. Architect Neha anticipates needing an additional ₹3,000 monthly for travel due to the fare hikes. A senior executive from a ride aggregator noted a surge in autorickshaw demand, leading to dynamic pricing and longer wait times, with some users resorting to tipping to secure rides. Ella, a media professional, reported waiting 20 minutes for an auto and incurring a 35% congestion fee. The Karnataka High Court upheld the ban, prompting bike-taxi operator Rapido to pause services while seeking a resolution with the government. The next court hearing is scheduled for June 24.
Published: Jun 18 2025, 7 pmeznews.inIn a significant move to mend strained relations, Indian Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney met on the sidelines of the G7 summit in Kananaskis, Canada, to discuss the resumption of Early Progress Trade Agreement (EPTA) talks, which had been stalled for nearly two years. This meeting marked their first engagement since Carney took office in March 2025. Both leaders agreed to appoint new high commissioners to facilitate regular services for citizens and businesses, emphasizing the need for senior ministerial and working-level engagements to rebuild trust. The discussions also touched on potential collaborations in clean energy, digital transformation, and food security, while reaffirming a shared commitment to a free and open Indo-Pacific. This reconciliation follows a tumultuous period in 2023, when accusations of Indian involvement in the murder of a Canadian Sikh separatist led to diplomatic expulsions from both nations.
Published: Jun 18 2025, 8 pmeznews.inRetail inflation for oil and fat surged by 17.91% in May 2025, significantly up from a decline of 6.71% a year earlier, according to official data. The increase is attributed to various edible oils, with mustard oil at 19.61%, coconut oil soaring to 78.04%, and refined oils like sunflower and soybean at 24.27%. In response, the Indian government announced a drastic cut in the basic customs duty on imported crude edible oils from 20% to 10% on May 30, prompting many companies to reduce their maximum retail prices (MRP) and prices to distributors (PTD). The Department of Food and Public Distribution has conducted inspections across major refining facilities to ensure these price reductions benefit consumers. The government emphasized its commitment to maintaining price stability and will monitor compliance closely, warning of regulatory actions for any delays in passing on the benefits to consumers.
Published: Jun 18 2025, 8 pmeznews.inIntra-city logistics provider Porter has announced its expansion into Kozhikode, Tiruppur, and Rajkot as part of its strategy to grow its presence in four to five cities annually. The initial phase will launch two-wheeler services, with plans to introduce three-wheelers and Tata Ace vehicles in the coming months. The company aims to onboard 10,000-15,000 customers per city within the first year, enhancing its offerings across all regions for faster, reliable deliveries. Ankit Dwivedi, VP of Expansion, emphasized the importance of this move in transforming logistics in tier-II cities, creating gig opportunities, and supporting MSMEs. Each city presents unique logistical demands, from Kozhikode's trading ecosystem to Tiruppur's garment industry and Rajkot's industrial base. Founded in 2014, Porter operates in 26 cities and recently secured Series F funding, reflecting the growing logistics sector in India, which contributes significantly to the GDP and employment.
Published: Jun 18 2025, 4 pm
For the fastest, latest, not so wokest news, 'experts say' you need to visit Eznews
India
World
Economy
Science
Health
Showbiz
Contact