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In November 2025, Russia's share of India's crude oil imports fell to approximately 36.3%, marking what analysts suggest could be the last month it accounted for over 35% of total imports. During this period, India imported around 1.83 million barrels per day (mb/d) from Russia, a 13% increase month-on-month, while overall imports reached just over 5 mb/d, with the Middle East supplying 42.43% of the total. However, the imposition of US sanctions on November 21 is expected to reduce Russian shipments by about one-third in December, with further European Union sanctions anticipated in January 2026. As a result, Indian refiners are likely to diversify their sources, increasing imports from regions such as North America and Africa to compensate for the expected decline in Russian oil. Kpler's analysts predict that Russian arrivals could stabilize around 800,000 b/d in the near term, contingent on the absence of additional sanctions. 
Published: Dec 02 2025, 8 pmeznews.inDuring Russian President Vladimir Putin's upcoming two-day visit to India, Kremlin spokesman Dmitry Peskov emphasized the need for discussions on a framework to protect India-Russia trade from external pressures. Acknowledging India's concerns over a significant trade deficit, which reached approximately $59 billion in FY25, Peskov stated that Russia is committed to addressing this imbalance by increasing imports from India. He noted that while Indian purchases of Russian crude oil may temporarily decline due to Western sanctions, Russia is confident in mitigating the impact of these restrictions. Peskov also highlighted the importance of local currency trade to safeguard the sovereignty of both nations. On defense matters, he mentioned that discussions regarding Su-57 fighter jets would take place, although no immediate outcomes are expected. Overall, Peskov reiterated the mutual benefits of strengthening bilateral trade relations free from third-party influence.
Published: Dec 02 2025, 9 pmeznews.inIndia's e-commerce sector continues to outpace global markets, with a notable performance in the September quarter, according to Elara Capital. While US online sales grew by approximately 5-6% year-on-year, India's e-commerce maintained a robust double-digit growth, driven by the quick commerce channel that enhances user expansion and regional penetration. Karan Taurani, Executive Vice-President at Elara, highlighted the shift towards digital advertising as brands seek high-ROI performance channels, benefiting ad-tech firms like Affle. Despite this momentum, he noted that India's category penetration remains significantly lower than that of the US, indicating substantial long-term growth potential across various sectors, including apparel and electronics. Taurani emphasized that India's e-commerce maturity lags behind the US and China by 10-12 years, suggesting a promising trajectory as these mature markets begin to plateau. Global e-commerce remained steady, with US penetration at around 16-17%.
Published: Dec 02 2025, 9 pmeznews.inIn the 2025-26 rice procurement season, states such as Telangana, Tamil Nadu, and Andhra Pradesh have offset declines in rice purchases from Punjab and Uttar Pradesh, enabling the Centre to acquire 194.14 lakh tonnes (lt) of rice in the first two months, a 12.7% increase from 172.24 lt last year. The procurement period varies by state, with Punjab, traditionally the largest contributor, purchasing 104.80 lt—4% lower than last year—while Haryana saw a 30.4% increase to 35.96 lt. Notably, Tamil Nadu's purchases surged by 188% to 9.86 lt, and Telangana's rose by 52.2% to 17.05 lt. However, Uttar Pradesh's procurement fell by 18.8% to 6.05 lt. The government aims to procure 463.49 lt of rice this season, with total production expected to reach a record 124.50 million tonnes, according to the agriculture ministry.
Published: Dec 02 2025, 8 pmeznews.inIn a recent interview, Anant Goenka, the young president of the Federation of Indian Chambers of Commerce and Industry (FICCI) and Vice-Chairman of the RPG Group, emphasized India's commitment to strategic autonomy and self-reliance, or '_Atmanirbharta_'. He urged the industry to rise to global challenges without relying on government support, highlighting the positive impact of recent GST cuts and income tax exemptions on private consumption and capital expenditure. Goenka outlined FICCI's priorities, including enhancing manufacturing's GDP contribution from 15% to 25%, fostering industry-academia partnerships, and improving trade and supply chains. He defended the new labour laws as beneficial for both workers and businesses, while also addressing geopolitical uncertainties, particularly in relations with the US and Russia. As the Budget approaches, he called for increased support for export promotion, R&D investment, and a higher capex outlay for defence, underscoring the need for innovation and global market engagement.
Published: Dec 02 2025, 8 pmeznews.inThe Directorate General of Civil Aviation (DGCA) has suspended eight Air India staff members following a significant safety breach involving an Airbus A320 that was operated with an expired airworthiness review certificate (ARC). The DGCA's investigation revealed that the aircraft had been flown on the expired ARC for eight revenue sectors, prompting the regulator to ground the aircraft and initiate a probe into the incident. Sources indicate that the suspensions could lead to terminations, with department heads also potentially facing disciplinary action. Air India, which issues ARCs under delegated authority, has reported the incident to the DGCA and is conducting its own internal investigation to address system deficiencies. The regulator has issued ARCs for 69 out of 70 Vistara aircraft since their merger, with the DGCA overseeing the first renewal for the remaining aircraft. Air India has committed to cooperating fully with the ongoing investigation.
Published: Dec 02 2025, 8 pmeznews.inThe Mahalanobis National Crop Forecast Centre (MNCFC) has launched the FASAL programme, which utilizes satellite technology to provide pre-harvest crop production estimates for 11 major crops across 557 districts in 20 states. Union Minister of State for Agriculture, Ramnath Thakur, detailed the programme's coverage, which includes states such as Andhra Pradesh, Maharashtra, and Uttar Pradesh, employing multispectral and microwave satellite data for crop mapping and yield estimation. The initiative is a collaboration with ISRO, enhancing operational crop yield estimates through advanced models. In related news, Thakur reported significant drought damage to crops, with over 1.06 lakh hectares affected in Andhra Pradesh during the kharif season. Additionally, Union Minister Rajiv Ranjan Singh noted a steady increase in milk prices over the past five years, with procurement prices for buffalo and cow milk rising significantly, although the government does not regulate these prices.
Published: Dec 02 2025, 7 pmeznews.inString Bio, a technology firm focused on sustainable agricultural solutions, has successfully conducted its inaugural field trials in Vietnam in partnership with the Cuu Long Delta Rice Research Institute (CLRRI). The trials centered on 'CleanRise', a patented foliar microbial biostimulant designed to enhance nutrient-use efficiency and improve plant responses, ultimately increasing productive tillering and decreasing grain sterility. Previous studies in India indicated that CleanRise could reduce methane and nitrous oxide emissions by up to 50%. The CLRRI trials, conducted during the Summer-Autumn 2025 season, tested CleanRise under various nitrogen levels in paddy fields. CLRRI representatives noted its compatibility with existing farming techniques and alignment with Vietnam's 'One Million Hectare Low-Carbon Rice Program'. String Bio's CEO, Ezhil Subbian, expressed confidence in CleanRise's potential for Vietnamese rice farmers, citing successful outcomes from Indian trials as a foundation for expansion.
Published: Dec 02 2025, 7 pmeznews.inSR Satishchandra has been unanimously re-elected as President of the Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd for the 2025-30 term, alongside Padmaraj Pattaje, who will serve as Vice-President. Satishchandra, a seasoned cooperative leader from Punacha village in Karnataka's Dakshina Kannada district, previously held the presidency from 2015 to 2020 and has over 25 years of experience in the sector. His counterpart, Pattaje, an agriculturist from Pattaje village in Kerala's Kasaragod district, has also been a Campco Director for two terms and is involved in various cooperative institutions. The leadership transition reflects a commitment to enhancing the cooperative's role in the agricultural sector, particularly in arecanut and cocoa marketing and processing. The announcement was made on December 2, 2025.
Published: Dec 02 2025, 7 pmeznews.inAirbus is currently evaluating the impact of a newly identified fuselage quality issue on its A320 jets, which has resulted in "weak" deliveries for November, according to CEO Guillaume Faury. Speaking to Reuters, Faury described the situation as "another challenge" for the company, which is already facing a backlog in year-end deliveries. He indicated that assessments regarding December handovers would be conducted in the coming hours and days. November saw only 72 aircraft delivered, falling short of expectations, as some planes were halted during the transition from production to delivery due to concerns over their fuselage panels. Faury emphasized the need to evaluate both the affected aircraft and those scheduled for delivery by year-end, as Airbus aims to meet its target of 820 handovers. The company has refrained from commenting further ahead of its monthly orders and deliveries report set for release on Friday.
Published: Dec 02 2025, 6 pm
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