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Wholesale 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.inAir India has appointed Vikram Dayal as the new Head of its Integrated Operations Control Centre (IOCC) following the resignation of Choorah Singh, who left to explore opportunities in Ireland. Singh's departure comes after he was implicated in a DGCA notice regarding crew scheduling issues earlier this year. While Air India has not yet released an official statement on this leadership change, the airline is set to enhance its connectivity with the launch of a direct flight service between Agartala and Bagdogra on October 26, coinciding with the winter flight schedule. This new route will be serviced by a 180-seater Boeing aircraft, making travel to North Bengal more accessible. Additionally, Air India is expanding its UK services by adding a fourth daily flight between Delhi and London (Heathrow), increasing its weekly frequency to 28 flights and solidifying its position as the largest carrier between India and the UK.
Published: Oct 14 2025, 4 pmeznews.inIndia's rice export potential is poised for significant growth, with new markets worth ₹1,17,000 crore expected to emerge following the collaboration between the International Rice Research Institute (IRRI) and the Bharat International Rice Conference (BIRC 2025). Scheduled for October 30-31, 2025, in New Delhi, the event will attract over 1,000 international buyers, 2,500 Indian exporters, and 5,000 farmers, alongside various institutions. IRRI, which has been a leader in rice research for over 60 years, will serve as the Research and Knowledge Partner, providing expert-led sessions and live demonstrations to showcase the culinary versatility of Indian rice. This initiative aims to position Indian rice as a viable alternative in global markets, particularly for non-basmati varieties, by highlighting its quality and adaptability in international cuisines. Experts believe this partnership will enhance India's trade ambitions while promoting sustainability and innovation in the agricultural sector.
Published: Oct 14 2025, 4 pmeznews.inIndia's e-commerce market is set to expand significantly, projected to grow from $145 billion in FY2025 to $345 billion by FY2030, with a compound annual growth rate (CAGR) of 19%, according to a report by Rubix. The report highlights India's emergence as the third-largest retail market globally by 2024, with the e-commerce sector achieving a Gross Merchandise Value (GMV) of $14 billion in FY2025, reflecting a 12% year-on-year increase. Despite this growth, e-commerce accounts for only 7-9% of total retail sales, indicating substantial potential for further expansion. The beauty segment is identified as the fastest-growing online category, driven by influencer marketing and rising digital usage. Additionally, government initiatives and increased female workforce participation are enhancing market dynamics. A proposed policy shift could allow global giants like Amazon to directly procure goods from Indian sellers for export, positioning India as a potential global e-commerce export hub.
Published: Oct 14 2025, 4 pmeznews.inIndia's marine products sector requires a comprehensive four-pronged strategy to navigate the recent increase in US tariffs on shrimp exports, according to a policy brief by Kotak Karma-ICRIER. The report emphasizes the need for concessional loans, export market diversification, value addition, and domestic market development to enhance competitiveness. With the global shrimp market projected to exceed $74 billion by 2032, India, which exported $2.4 billion worth of shrimp to the US in 2024-25, faces challenges due to the effective tariff hike from 8.26% to 58.26%. This has led to an 8-10% decline in farm-gate prices, threatening the sector's viability. The brief advocates for immediate measures like value-chain financing and ongoing trade negotiations with the US, while also recommending medium to long-term strategies focused on diversifying export markets and developing domestic demand for shrimp as a nutritious protein source.
Published: Oct 14 2025, 4 pmeznews.inThe National Bank for Agriculture and Rural Development (NABARD) has made its inaugural investment under the AgriSURE Fund at the Global Fintech Festival 2025, targeting innovations in the agri-food supply chain. The first recipient, Fambo Innovation Pvt Ltd, connects farmers and producer organizations directly with food businesses, enhancing efficiency in the sector. NABARD also showcased other ventures, including Kuberjee Tech Pvt Ltd, NAVADHAN Capital, and SLO Technologies, all aimed at fostering financial inclusion and technological advancement in rural India. Chairman Shaji KV emphasized the importance of integrating fintech and agritech to bolster rural credit systems and promote transparency. The festival also featured a hackathon encouraging problem-solvers to develop low-cost monitoring systems for climate-friendly farming practices. Additionally, the launch of the RuralTech CoLab portal aims to unite fintech, agritech, and digital service providers to create scalable solutions for rural communities.
Published: Oct 14 2025, 4 pmeznews.inWholesale inflation in India fell to 0.13% in September, down from 0.52% in August, driven by significant deflation in food products, particularly vegetables, which saw a price drop of 24.41%. This marks a notable decline from 1.91% in September 2024. The Consumer Price Index (CPI) also reflected this trend, hitting a 99-month low of 1.5%. Experts attribute the easing inflation to lower food and energy costs, robust agricultural output, and stable global commodity prices. However, the manufactured goods sector continues to face moderate price increases due to high input costs and steady domestic demand. Industry leaders emphasize the importance of strengthening agricultural supply chains and improving infrastructure to maintain control over inflation, especially given the sector's significant contribution to GDP. Analysts predict that subdued WPI inflation is likely to persist amid ongoing global commodity price trends.
Published: Oct 14 2025, 3 pmeznews.inThe North-East monsoon is set to begin over the south-eastern peninsular region, including Tamil Nadu and Rayalaseema, within the next two days, as easterly to north-easterly winds establish themselves across the South Peninsula and the adjoining central Bay of Bengal, according to the India Meteorological Department (IMD). This onset follows the withdrawal of the south-west monsoon, which has retreated from various parts of the country, with its withdrawal line passing through several states including Karnataka and Telangana. Additionally, the IMD has issued warnings of squally weather, with wind speeds of 35-45 km/h, gusting up to 55 km/h, expected over the south-east Arabian Sea and surrounding areas. Fishermen are advised to avoid these regions, particularly around Lakshadweep and the southern coasts of Karnataka and Kerala, as conditions may remain hazardous for four days starting Friday.
Published: Oct 14 2025, 3 pmeznews.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 pm
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