eznews.inSpright Agro, a prominent player in the agriculture sector known for its contract farming and greenhouse technology, has secured a significant order valued at ₹284 crore from Mumbai-based Naadir Traders. The supply agreement entails the delivery of five consignments annually, comprising 3,275 tonnes of natural soybean oil seeds, 205 tonnes of Celastrus Paniculatus (Malkangani) oil seeds, 1,825 tonnes of dry natural flax seeds, and 740 tonnes of black sunflower oil seeds. This fixed-rate contract, with quarterly dispatches, is expected to enhance revenue visibility and ensure efficient supply chain management, according to Managing Director Akshaykumar Patel. The deal is anticipated to positively impact the company's turnover and bolster its order book for the financial year. Additionally, Spright Agro's board recently explored strategic ventures into Agri-Tech, initiating feasibility studies and partnerships across various technological domains. 
Published: Oct 14 2025, 2 pmeznews.inCochin Shipyard Ltd (CSL) has secured a significant contract from a major European client for the design and construction of six feeder container vessels, each with a capacity of approximately 1,700 twenty-foot equivalent units. The vessels will be powered by liquefied natural gas, reflecting a commitment to more sustainable shipping practices. The letter of intent for this project was signed on October 14, 2025, with a formal shipbuilding contract expected to follow, outlining the technical and commercial terms. The value of the order is reported to exceed Rs 2,000 crore, marking a substantial addition to CSL's portfolio. This development underscores the shipyard's growing prominence in the global maritime industry and its ability to meet the evolving demands of shipping clients.
Published: Oct 14 2025, 2 pmeznews.inWholesale price inflation (WPI) in India eased to 0.13 per cent in September, down from 0.52 per cent in August, driven by declining prices in food articles, fuel, and manufactured goods, according to government data released on Tuesday. Notably, fuel and power recorded a deflation of 2.58 per cent, a decrease from 3.17 per cent the previous month. The food sector saw a significant deflation of 5.22 per cent, with vegetable prices plummeting by 24.41 per cent. Inflation for manufactured products also softened to 2.33 per cent, compared to 2.55 per cent in August. The Reserve Bank of India (RBI) has maintained its benchmark policy rate at 5.5 per cent, as retail inflation fell to an eight-year low of 1.5 per cent in September. The industry ministry attributed the positive inflation rate to rising prices in food manufacturing and textiles.
Published: Oct 14 2025, 1 pmeznews.inA recent study by the ICAR-Central Marine Fisheries Research Institute (CMFRI) has highlighted a significant increase in sardine recruitment along the Kerala coast in 2024, marking the highest levels since 2020. This surge, attributed to favourable rainfall and nutrient-rich monsoon upwelling, has led to a substantial influx of young sardines. However, CMFRI has urged fishers to adhere to sustainable harvesting practices and the Minimum Legal Size (MLS) of 10 cm to protect both livelihoods and food security. Misinterpretations of the study suggested that young sardines would not grow further, a notion CMFRI Director Grinson George has refuted, stressing the importance of safeguarding juvenile fish. The institute advocates for regulated harvesting of sardines above the MLS to ensure the long-term sustainability of the fishery, which is susceptible to environmental changes that can trigger "boom and bust" cycles.
Published: Oct 14 2025, 1 pmeznews.inThe Reserve Bank of India (RBI) has announced significant changes to its Foreign Exchange Management regulations, allowing Authorised Dealer (AD) banks in India and their overseas branches to lend in Indian Rupees to individuals and institutions in Bhutan, Nepal, and Sri Lanka. This move aims to facilitate cross-border trade transactions and enhance external trade and payments. Additionally, the RBI has extended the repatriation period for unutilised balances in foreign currency accounts held by Indian exporters with banks in the International Financial Services Centre (IFSC) in India from one month to three months. These amendments, part of the RBI's ongoing efforts to streamline trade processes, were detailed in a release following the bank's statement on Developmental and Regulatory Policies issued on October 1, 2025.
Published: Oct 14 2025, 11 ameznews.inThe Metropolitan Transport Corporation (MTC) Chennai has reported a significant increase in daily transactions following the adoption of a digital ticketing platform, with over 3.5 lakh downloads of the Chennai One App. As of September 2025, digital transactions accounted for over 11% of total ticket sales, contributing to a ridership of 10.40 crore passengers. The app, launched by Chief Minister M K Stalin, offers features such as GPS-enabled stop suggestions, live routes, and ticket purchasing via UPI and QR code validation. Among users, 53% utilized the app for bus travel, while 23% and 19% used it for train and metro journeys, respectively. MTC Chennai's average daily revenue reached Rs 211.19 lakh, with a ridership of 34.1 lakh passengers and a fleet utilization rate of 85.15%. The corporation aims to enhance public transport efficiency and convenience through these digital initiatives.
Published: Oct 14 2025, 11 ameznews.inThe Regional Meteorological Centre in Chennai has forecasted widespread light to moderate rain, along with thunderstorms, across Tamil Nadu and Puducherry, attributed to an upper air cyclonic circulation. Over the next 24 to 48 hours, heavy showers are anticipated in Coimbatore, Nilgiris, Theni, and Tenkasi districts. Recent rainfall data indicates that Palar Anicut in Ranipet, Ayinkudi in Pudukottai, Tenkasi, and Ammundi in Vellore each recorded 8 cm of rain in the past 24 hours. Other areas, including Rameswaram and various locations in Chennai, received 1 cm of rainfall. The bulletin also noted that Chennai and its surroundings are expected to experience partly cloudy skies, with light to moderate rain and thunderstorms likely in some regions.
Published: Oct 14 2025, 11 ameznews.inThe Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) has approved significant reforms aimed at simplifying and expediting EPF withdrawals. Subscribers can now withdraw up to 75% of their total EPF balance, with the option to access 100% of the eligible amount, which includes both employee and employer contributions. To retain interest benefits, members must maintain a minimum balance of 25% of their contributions. The CBT has also streamlined partial withdrawal provisions into three categories—Essential Needs, Housing Needs, and Special Circumstances—while liberalising withdrawal limits for education and marriage. The minimum service requirement for partial withdrawals has been reduced to 12 months, and members can now apply without providing reasons under Special Circumstances. Additionally, the claim process has been made faster and paperless, extending the withdrawal window for final settlements from 2 to 12 months, enhancing financial accessibility for members.
Published: Oct 14 2025, 11 ameznews.inIndia's Consumer Price Index (CPI) inflation for the fiscal year 2026 is projected to be 2.2%, significantly lower than the Reserve Bank of India's (RBI) estimate of 2.6%, according to a report by the State Bank of India (SBI). The report attributes this decline primarily to falling food and beverage prices, with CPI inflation hitting a 99-month low of 1.54% in September 2025. Notably, the contribution of food prices shifted from a positive to a negative impact on inflation between October 2024 and September 2025. While food prices have seen a slight seasonal increase since May, favorable base effects have kept inflation on a downward trend. The SBI cautioned that the RBI risks missing its inflation targets if it remains overly cautious, suggesting that a rate cut may be warranted. Projections for FY27 indicate inflation will stabilize further at 3.7%.
Published: Oct 14 2025, 10 ameznews.inThe Department for Promotion of Industry and Internal Trade (DPIIT) has launched PM GatiShakti - Offshore, a digital platform designed to enhance the integrated planning and management of offshore projects, including wind farms and coastal infrastructure. This platform offers a unified geospatial interface that consolidates vital data from various government ministries, facilitating data-driven decision-making to bolster India's Blue economy and support its transition to green energy. For instance, while planning offshore power transmission routes, the platform can analyze datasets from multiple sectors to identify optimal seabed conditions and avoid ecologically sensitive areas. Additionally, Commerce and Industry Minister Piyush Goyal introduced the Logistics Excellence, Advancement, and Performance Shield (LEAPS) 2025, aimed at benchmarking logistics excellence and enhancing India's competitiveness. Registrations for LEAPS are open until November 15, inviting applications across 13 categories, including freight services and logistics education.
Published: Oct 14 2025, 8 am
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