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Agri value chain enabler Samunnati is set to raise an additional ₹300 crore, building on its recent success in securing ₹50 crore through a Non-Convertible Debenture (NCD) tranche via the digital bond platform Wintwealth. This brings the total funds raised through Wintwealth to ₹160 crore, highlighting Samunnati's commitment to bridging the gap between smallholder farmers and formal capital. The company is leveraging recent SEBI reforms that allow retail bond investments starting at ₹10,000, enabling broader participation in agricultural financing. Founder and CEO Anil Kumar SG emphasized that the partnership with Wintwealth is about fostering trust and opportunity, while Co-founder Anshul Gupta noted the positive response to Samunnati's listed bonds, which are crucial for driving financial momentum in India's agriculture sector. Samunnati aims to transform agriculture into an investable opportunity, enhancing access to capital for farmers and promoting sustainable rural development. 
Published: Jun 02 2025, 6 pmeznews.inChina is reportedly poised to place a substantial order for Airbus aircraft, potentially involving between 200 and 500 planes, as early as next month during a visit by European leaders to Beijing. This deal, which could include both narrowbody and widebody models, is under negotiation with Chinese airlines and may coincide with the 50th anniversary of diplomatic relations between China and the EU, marked by visits from French President Emmanuel Macron and German Chancellor Friedrich Merz. The order could send a significant message to the US amid ongoing trade tensions, particularly as Boeing has faced challenges in the Chinese market since 2017, including a grounding of its 737 Max jets. Should the order reach 500 aircraft, it would be one of the largest in history, surpassing a previous order of 300 single-aisle jets made by China in 2022.
Published: Jun 04 2025, 11 ameznews.inIn a significant financial move, Adani Airports Holdings Ltd has secured $750 million in funding from a consortium of international banks, including First Abu Dhabi Bank, Barclays, and Standard Chartered. Announced on Wednesday, the financing will be utilized to refinance $400 million in existing debt, with the remainder earmarked for upgrading and expanding capacity at six airports across India. Adani Airports, which operates eight airports, including the soon-to-be operational Navi Mumbai International Airport, served 94 million passengers in the fiscal year 2024-2025. The company aims to triple its overall capacity to accommodate 300 million passengers annually by 2040. This strategic investment underscores Adani Group's commitment to enhancing its infrastructure capabilities in the aviation sector.
Published: Jun 04 2025, 12 pmeznews.inIn a notable development, Adani Airport Holdings Ltd, part of billionaire Gautam Adani's conglomerate, is considering bids for ground handling services at Mumbai and Ahmedabad airports. This move comes after the Indian government revoked the security clearance of Turkish operator Celebi Hava Servisi AS, which previously managed operations at nine airports, including key facilities in New Delhi and Mumbai. Adani's CEO, Arun Bansal, announced the evaluation of bids during an aviation industry event in New Delhi, highlighting the company's strategy to diversify into new sectors that complement its existing operations. If successful, Adani will become the third ground handler at these airports, in line with Indian regulations requiring three handlers for major airports with annual passenger traffic exceeding one million. The shift follows geopolitical tensions, as Celebi's operations were halted after Turkey's support for Pakistan during a recent conflict with India.
Published: Jun 04 2025, 12 pmeznews.inIn May, India's services sector experienced robust job creation, with the Purchasing Managers' Index (PMI) remaining steady at 58.8, according to S&P Global. The services sector, which contributes approximately 54% to India's Gross Value Added (GVA), saw a significant uptick in employment, marking the highest job creation rate recorded in the survey's history. Chief India Economist at HSBC, Pranjul Bhandari, noted that strong international demand, particularly from Asia, Europe, and North America, was a key driver of this growth. However, the surge in recruitment has led to increased cost pressures, with inflation rates rising for both input and service charges. Despite these challenges, business sentiment improved, with companies optimistic about future growth due to enhanced staffing and marketing efforts. The report highlighted a marginal easing of capacity pressures, indicating a slower accumulation of outstanding business.
Published: Jun 04 2025, 11 ameznews.inThe Indian Energy Exchange (IEX) reported a significant increase in electricity traded volume, reaching 10,946 million units (MU) in May 2025, a 14% rise from the previous year. In May 2024, the traded volume stood at 9,568 MU. The exchange also saw a remarkable 65% year-on-year increase in Renewable Energy Certificates (RECs), with 17.43 lakh certificates traded. However, the market clearing prices in both the Day Ahead Market (DAM) and Real Time Market (RTM) experienced declines, with DAM prices at ₹4.12/unit (down 22%) and RTM prices at ₹3.43/unit (down 28%). The DAM recorded a volume of 3,510 MU, a 20% decrease from the previous year, while the RTM achieved its highest monthly volume ever at 4,770 MU, a 42% increase. Additionally, the IEX Green Market saw a rise in volume to 915 MU, up from 622 MU in May 2024.
Published: Jun 04 2025, 11 ameznews.inInternational airlines are ramping up services to India, the world's most populous nation, in response to sluggish transatlantic demand amid global economic uncertainties. At the International Air Transport Association's annual meeting in New Delhi, Delta Air Lines announced plans for non-stop flights from Atlanta to New Delhi and a code-sharing agreement with IndiGo, alongside partnerships with Air France-KLM and Virgin Atlantic. Air India and IndiGo are also expanding their international operations, with Air India ordering 570 new aircraft and IndiGo securing over 900 Airbus planes. Despite concerns about potential overcapacity and price wars in the competitive Indian market, industry leaders remain optimistic about growth opportunities, particularly given India's burgeoning middle class. However, regulatory challenges, such as restrictive bilateral agreements governing flight rights, could impede foreign airlines' expansion efforts, prompting calls for policy revisions to enhance India's global aviation standing.
Published: Jun 04 2025, 9 ameznews.inThe proliferation of conflict zones is increasingly straining airline operations and profitability, as carriers face challenges from missiles, drones, airspace closures, and location spoofing. Executives report rising costs and market share losses due to flight cancellations and costly reroutings, with safety and predictability becoming paramount concerns. The ongoing Israeli-Palestinian conflict and tensions between India and Pakistan have further complicated flight planning, forcing airlines to frequently reassess routes. The International Air Transport Association (IATA) emphasizes the need for better information sharing among governments to enhance aviation security, as incidents involving commercial aircraft being shot down remain a critical risk. Airlines are navigating a complex landscape of shifting airspace policies, with some Western carriers at a disadvantage compared to those from regions like China and the Middle East. Pilots express concerns over safety amid these evolving risks, highlighting the tension between commercial pressures and operational safety.
Published: Jun 04 2025, 9 ameznews.inThe International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has announced the launch of the ICRISAT Centre for Excellence for South-South Cooperation (ISSCA) in collaboration with the Research and Information System for Developing Countries (RIS) and the Indian government initiative DAKSHIN. This new centre aims to enhance agricultural cooperation among Global South nations, particularly in Asia and Africa, by providing a platform for sharing non-patented technologies and addressing common agricultural challenges such as low yields and climate change impacts. ICRISAT's Director General, Himanshu Pathak, emphasized the shared agricultural objectives and challenges faced by these countries, while RIS Director General Sachin Chaturvedi highlighted the centre's role in democratizing agricultural knowledge. Established in 1972 and based in Hyderabad, ICRISAT has identified over 100 technological solutions to support sustainable agricultural practices in semi-arid regions.
Published: Jun 03 2025, 9 pmeznews.inAndhra Pradesh Chief Minister N. Chandrababu Naidu has set a deadline for the completion of Phase-1 works on several key port projects, including Machilipatnam, Ramayapatnam, Mulapeta, and Kakinada Gateway Port, by December 2025. During a review meeting in Amaravati, Naidu emphasized the importance of these ports and fishing harbours as vital economic assets for the state, urging officials to expedite their operationalization. Currently, construction progress stands at 43% for Machilipatnam Port, 64% for Ramayapatnam, 46% for Mulapeta, and 29% for Kakinada Gateway. Additionally, the government plans to initiate Phase-1 works for new airports in Kuppam, Dagadarthi, Amaravati, and Srikakulam, alongside expanding state roads to enhance connectivity with national highways through a Public-Private Partnership (PPP) model. Naidu also announced plans to establish a logistics corporation to further bolster the state's economic infrastructure.
Published: Jun 03 2025, 8 pmeznews.inConcerns are mounting over a potential decline in oilseed acreage during the current kharif season following the Indian government's recent reduction of the import duty on crude edible oils, which has sparked debate among experts and farmer leaders. Agriculture Minister Shivraj Singh Chouhan defended the decision, citing inflationary pressures, but critics argue it undermines domestic oilseed production. A report from the Commission for Agricultural Costs and Prices highlights that gross returns for crops like paddy and maize significantly outpace those for soybeans and other oilseeds, raising fears that farmers may shift away from oilseeds. The duty cut, effective from May 31, lowers the import tax on crude oils to 16.5%, while the refined oils remain at 35.75%. Farmers' groups are calling for a rollback of the duty reduction, arguing it contradicts recent increases in Minimum Support Prices intended to bolster domestic oilseed production.
Published: Jun 03 2025, 8 pm
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