eznews.in
TVS Motor Company has entered into a Memorandum of Understanding (MoU) with ALT Mobility to facilitate the leasing and deployment of up to 3,000 electric three-wheelers, including both passenger and cargo models, during the fiscal year 2025-26. Under this partnership, TVS will supply the vehicles, while ALT Mobility will handle procurement, leasing, and financing through its ecosystem. The collaboration aims to enhance last-mile logistics and shared passenger mobility, promoting clean mobility solutions across India. Vehicles will be distributed via TVS's extensive dealer network and ALT's sales points, utilizing ALT's Drive-to-own leasing model to support individual drivers and fleet operators. This initiative is expected to create socio-economic value by generating livelihoods for drivers and small fleet operators, while also contributing to India's electric mobility transition. Both companies emphasize the importance of making electric mobility accessible and environmentally sustainable. 
Published: Sep 15 2025, 5 pmeznews.inShares of KRBL, a prominent Indian basmati rice exporter, plummeted by 9.6% on the Bombay Stock Exchange following the resignation of independent director Anil Kumar Chaudhary on September 8. In his resignation letter, Chaudhary cited governance issues, including inconsistencies in board meeting minutes, withheld information, and concerns over the management of CSR funds and financial decisions. He expressed that these dynamics hindered effective oversight and stakeholder protection. In response, KRBL announced plans to appoint a reputable independent agency to investigate the allegations, with a report expected by October 14. Chairman Anil Kumar Mittal refuted Chaudhary's claims, labeling them as false. Despite the turmoil, KRBL reported a significant increase in export revenue, reaching ₹489 crore in Q1 FY25-26, up 98% from the previous year, while total revenue rose by 32% to ₹1,617 crore. The stock closed at ₹401.50, down from ₹444.10.
Published: Sep 15 2025, 7 pmeznews.inThe Cotton Corporation of India (CCI) has successfully sold over 15 lakh bales of cotton under its bulk discount scheme, which aimed to clear existing stocks ahead of the new procurement season starting October 1. The scheme, which offered discounts of ₹400 to ₹600 per candy, concluded on Monday, leaving CCI with less than 12 lakh bales from an initial stock of 27 lakh. CCI Chairman Lalit Kumar Gupta noted that the corporation procured one crore bales at minimum support price (MSP) during the 2024-25 season, following a ₹2,000 reduction in floor price after the government lifted an 11% import duty. For the upcoming kharif marketing season 2025-26, CCI has established a record 550 procurement centres across major cotton-producing states, with procurement set to begin on October 1. The government has announced MSPs of ₹7,710 and ₹8,110 per quintal for medium and long staple cotton, respectively.
Published: Sep 15 2025, 7 pmeznews.inThe Adani Group has embarked on its inaugural ropeway project, a ₹4,081-crore initiative connecting Sonprayag and Kedarnath in Uttarakhand. Announced on Monday, Adani Enterprises Ltd. (AEL) received a Letter of Award from the National Highways Logistics Management Ltd. for the 12.9-kilometer project, which is set to significantly reduce travel time from the current nine hours to just 36 minutes. Scheduled for completion in six years, the ropeway will accommodate 1,800 passengers per hour and is part of the National Ropeways Development Programme. AEL will operate the ropeway for 29 years post-construction. The project aims to enhance accessibility for pilgrims, who currently face a challenging trek to the Kedarnath temple, while also boosting local tourism and job creation. Gautam Adani, Chairman of the Adani Group, emphasized the project's dual role in modernizing infrastructure and honoring the spiritual journey of millions.
Published: Sep 15 2025, 6 pmeznews.inThe Income Tax Department announced on Monday that over 7 crore income tax returns (ITRs) have been filed as the deadline approaches, despite widespread complaints from users about glitches on the e-filing portal. The deadline for individuals and Hindu Undivided Families (HUFs) to file ITRs for the financial year 2024-25 is September 15, with no indication from the department of an extension. The department urged taxpayers to file their returns, emphasizing that the portal is functioning properly and advising users to clear their browser cache if they encounter issues. Last year, 7.28 crore ITRs were filed by the July 31 deadline. The department has dismissed claims of a deadline extension as "fake" and reiterated that the due date remains September 15, 2025. The increase in ITR filings reflects a growing trend in tax compliance and an expanding tax base in India.
Published: Sep 15 2025, 6 pmeznews.inInfotek Software C Systems Pvt. Ltd. (i-TEK), a leading provider of RFID and IoT solutions in India, celebrated its 25th anniversary at its Pune headquarters, with Union Minister for Road Transport and Highways Nitin Gadkari as the chief guest. Established as a small startup, i-TEK has become integral to national technology advancements, notably through its role in the FASTag initiative, which has streamlined toll payments for millions of vehicles. The company has also developed RFID-enabled container eSeals, enhancing export security across 105 ports. Gadkari praised i-TEK's contributions to improving efficiency and transparency in logistics and transport, stating that their innovations are vital for nation-building. The event also featured the launch of the Panchajanya Experience Centre, showcasing live applications of i-TEK's technologies. Managing Director Ashim Patil highlighted the company's commitment to impactful solutions that have transformed various industries and contributed to India's digital economy.
Published: Sep 15 2025, 6 pmeznews.inHatsun Agro Product (HAP), India's largest private dairy company, is poised to reach a revenue of ₹10,000 crore by the end of the current fiscal year, up from nearly ₹8,700 crore last year, according to Chairman RG Chandramogan. He noted that while the company is optimistic, unpredictable weather poses challenges to achieving this target. HAP's revenue is primarily driven by milk sales, which account for 56% of total earnings, alongside ice cream (14-15%) and cultured products like paneer (18-19%). The company procures around 40 lakh litres of milk daily and operates three major brands—Arun, Arogya, and Hatsun—each generating ₹1,000 crore in turnover. Chandramogan anticipates that recent government reforms, including changes to Income Tax and GST, will boost consumer spending, although he acknowledged external factors, such as geopolitical tensions and weather variability, could impact the industry.
Published: Sep 15 2025, 6 pmeznews.inIn August, ENSO-neutral conditions persisted, with near-to-below average sea surface temperatures recorded in the central and eastern equatorial Pacific, according to the US Climate Prediction Center (CPC) and the APEC Climate Centre (APCC). Both organizations forecast a short-lived La Niña event likely to develop between October and December 2025, with a 71% probability of its occurrence. The CPC predicts above-normal precipitation for the Arctic and parts of northern continents, while below-normal precipitation is expected in central Asia and the equatorial central Pacific during the same period. Additionally, the APCC anticipates global temperature increases, excluding the central and eastern tropical Pacific. Wind anomalies indicate a continuation of ENSO-neutral conditions, but models suggest La Niña may emerge and persist through the winter, with a 54% chance of continuation into early 2026.
Published: Sep 15 2025, 6 pmeznews.inShreeji Shipping Global, a logistics firm specializing in dry-bulk cargo, has reported a significant 52% increase in net profit for the June quarter, reaching ₹38 crore compared to ₹25 crore in the same period last year, driven by service diversification. Revenue rose by 24% to ₹161 crore, while EBITDA surged 58% to ₹60 crore. Chairman Ashokkumar Haridas Lal attributed this growth to the company's diverse service offerings, long-term contracts, and extensive geographic reach, which helped mitigate seasonal disruptions from monsoon-related port closures. The company recently received a Letter of Intent to establish Floating Crane Facilities at Diamond Harbour, enhancing its port services and expected to boost revenue this financial year. With over 80 vessels and 370 earthmoving equipment, Shreeji Shipping focuses on non-major ports along India's West Coast and aims to expand into sectors like Oil & Gas and Energy, supported by fresh capital from its IPO.
Published: Sep 15 2025, 5 pmeznews.inIndia's edible oil imports rose by 5.55% in August 2025, primarily due to a significant increase in crude palm oil (CPO) shipments, according to the Solvent Extractors’ Association of India (SEA). The country imported 16.21 lakh tonnes of edible oil in August 2025, up from 15.36 lakh tonnes the previous year, with CPO imports surging by 39.79% to 9.79 lakh tonnes. However, total edible oil imports for the first ten months of the 2024-25 oil year fell by 8.11% to 123.78 lakh tonnes. A notable decline in refined palmolein imports was attributed to a rise in import duties, which made refined oils less economical. This shift has revitalized the domestic refining sector, aligning with the government's 'Make in India' initiative. Major exporters included Indonesia and Malaysia for CPO, while soybean and sunflower oil imports varied from countries like Argentina and Russia.
Published: Sep 15 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