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Prime Minister Narendra Modi has unveiled Vikram-I, the first orbital launch vehicle from Skyroot Aerospace, during a virtual event in New Delhi, marking a significant milestone in India's space sector. Modi announced plans to open the nuclear sector to private players, aiming to enhance the country's energy security and technological leadership. He emphasized the government's commitment to reform, which includes amending the Atomic Energy Act and the Civil Liability for Nuclear Damage Act to facilitate private sector participation in nuclear research and development. India aims to achieve 100 gigawatts of nuclear power capacity by 2047, necessitating a skilled workforce, as highlighted by a recent Power Ministry committee. The government has allocated ₹20,000 crore for research on small modular reactors, with a goal of operationalizing five indigenous units by 2033. Modi also praised the burgeoning space start-up ecosystem, which has grown to over 350 companies in just five years. 
Published: Nov 27 2025, 6 pmeznews.inIn a significant move to enhance its aviation services, Adani Defence Systems & Technologies Ltd (ADSTL) has secured a majority stake in Flight Simulation Technique Centre Pvt Ltd (FSTC) for an enterprise value of ₹820 crore, in collaboration with Prime Aero Services LLP. This acquisition is part of ADSTL's strategy to create a comprehensive aviation platform, integrating services across civil and defence sectors. With Indian airlines projected to add over 1,500 aircraft, the demand for certified pilots is expected to surge, alongside a government push for advanced training in defence simulation. FSTC, which operates 11 advanced full-flight simulators and 17 training aircraft, is certified by the Directorate General of Civil Aviation (DGCA) and the European Union Aviation Safety Agency (EASA), and boasts state-of-the-art facilities in Gurugram and Hyderabad. The acquisition aims to bolster pilot training capabilities and support the next generation of Indian defence pilots.
Published: Nov 27 2025, 8 pmeznews.inThe All India House Price Index (HPI) recorded a modest annual growth of 2.2% in the second quarter of 2025-26, a significant decline from the 7% growth seen in the same period the previous year, according to the Reserve Bank of India (RBI). The HPI value fell from 113.4 to 112.7 compared to the first quarter of the fiscal year, primarily due to decreases in major cities such as Kolkata, Chennai, and Lucknow. The index, which is based on transaction-level data from 18 major cities, saw contributions to growth from cities like Nagpur, Ghaziabad, and Chandigarh. Overall, the quarter-on-quarter decline of 0.6% reflects ongoing challenges in the housing market, as reported by the RBI in its latest statement on the HPI.
Published: Nov 27 2025, 8 pmeznews.inStorage levels in 166 major Indian reservoirs have slightly decreased to 87.83% of capacity, following a 23% deficiency in post-monsoon rainfall last week. The Central Water Commission reported that current storage stands at 161.218 billion cubic metres (BCM) against a total capacity of 183.565 BCM. While levels in the western and central regions remain above 90%, the eastern region is below 80%. Despite last week's shortfall, post-monsoon rainfall since October 1 has been 25% above average, aiding a 12% increase in rabi sowing. In the western region, reservoirs are at 95% capacity, with Maharashtra and Gujarat showing strong levels. The southern region's reservoirs are at 85%, while northern reservoirs are at 84%. Anticipated heavy rains from Cyclone Ditwah are expected to further enhance storage levels in the coming week.
Published: Nov 27 2025, 8 pmeznews.inDuring the 2025-26 rabi season, the area under chana cultivation is expected to remain stable, with a slight increase compared to last year, primarily due to higher planting in Gujarat and Rajasthan, which may counterbalance a decline in Madhya Pradesh. In Madhya Pradesh, where wheat is becoming a more attractive option for farmers due to better returns and a potential bonus on the minimum support price (MSP), chana planting is less appealing. Satish Upadhyay from the India Pulses & Grains Association noted that current prices are discouraging, with imported Australian chana priced lower than the MSP. As of late November, chana acreage in Gujarat and Rajasthan has increased, while Madhya Pradesh's figures are expected to remain steady. The Centre has set an MSP of ₹5,875 for the 2026-27 crop, but domestic prices are currently lower, ranging from ₹5,500 to ₹5,800 per quintal.
Published: Nov 27 2025, 8 pmeznews.inKandla Port in Gujarat has achieved a significant milestone, becoming the fastest major port in India to handle 100 million tonnes of cargo in the financial year 2025-26, reaching this mark on April 5, 2025. This achievement marks a notable increase from the previous year, with an overall cargo growth of nearly seven percent. The port reported an impressive 81 percent rise in fertiliser volumes and a 61 percent increase in containerised cargo. Additionally, iron and steel cargo grew by 50 percent, while the Petroleum, Oil and Lubricants (POL) category saw a 35 percent increase. Timber handling also rose by 22 percent. Sushil Kumar Singh, Chairman of the Deendayal Port Authority, attributed this success to the dedication and teamwork of all personnel involved in the port's operations, highlighting the collective effort that supports its continuous functioning.
Published: Nov 27 2025, 8 pmeznews.inThe Reserve Bank of India (RBI) has reported a slowdown in the All-India House Price Index (HPI), which rose by 2.2% in the second quarter of the fiscal year 2025-26, down from 7% in the same period last year. The HPI, compiled quarterly from transaction-level data across 18 major cities, now uses a new base year of 2022-23, replacing the previous base year of 2010-11. Notably, cities such as Nagpur, Ghaziabad, and Chandigarh contributed to the overall increase, despite a decline in the index from 113.4 to 112.7 compared to the previous quarter, largely due to decreases in Kolkata, Chennai, and Lucknow. On a quarter-on-quarter basis, the index fell by 0.6%. The RBI's report highlights the varying dynamics of the housing market across different regions in India.
Published: Nov 27 2025, 7 pmeznews.inIndia and the UAE have conducted a comprehensive review of their Comprehensive Economic Partnership Agreement (CEPA), which has boosted bilateral trade to $100 billion in FY25 but also widened India's trade deficit to $26.77 billion, primarily due to increased gold and silver imports. During the third joint commission meeting, Indian officials informed their UAE counterparts about measures to prevent circumvention of CEPA rules regarding precious metal imports. Discussions covered market access, data sharing, and the allocation of gold tariff rate quotas (TRQ). India has shifted to a competitive bidding process for TRQ allocation, requiring BIS registration and valid GST registration for applicants. The meeting concluded with both nations agreeing to enhance trade facilitation and regulatory collaboration. The UAE delegation's visit highlighted a mutual commitment to balance trade and strengthen their strategic partnership under CEPA, which has been in effect since May 2022.
Published: Nov 27 2025, 7 pmeznews.inAs the deadline for filing Income Tax Returns (ITR) for the assessment year 2025-26 approaches, the Income Tax Department is set to target around 25,000 high-risk cases in its first phase of a Nudge Campaign aimed at encouraging the disclosure of foreign assets. The Central Board of Direct Taxes (CBDT) revealed that these cases, identified through the Automatic Exchange of Information for FY25, have not reported foreign assets, risking penalties of up to ₹10 lakh, alongside tax and interest penalties. Starting November 28, affected taxpayers will receive text messages and emails urging them to revise their returns by December 31 to avoid penalties. A second phase of the campaign will commence in mid-December, expanding to include additional cases, particularly large corporates with employees holding undisclosed foreign assets. The previous year's campaign successfully prompted over 24,600 taxpayers to disclose foreign assets worth ₹29,000 crore.
Published: Nov 27 2025, 6 pmeznews.inIndia's food service market is projected to exceed $125 billion by 2030, driven by a significant shift towards the organised sector, which is expected to double and surpass the unorganised segment, according to a report by Swiggy and Kearney. The market, valued at $49 billion in 2019, is anticipated to reach $78 billion by 2025. The report highlights that the organised segment will contribute over 60% of the growth, fueled by rising incomes, digital adoption, and a growing appetite for convenience. Unique cuisine orders per customer have surged by 20%, while healthy meal options are growing at 2.3 times the overall orders. The rediscovery of regional cuisines and the embrace of global culinary diversity are also notable trends, with hyper-regional dishes and international cuisines gaining popularity. Dining-out growth is expanding beyond major cities, particularly among Gen Z consumers, who are driving demand for innovative dining experiences.
Published: Nov 27 2025, 5 pm
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