Author: NNI Editor

Sugar production between October 1, 2024 and February 28, 2025 touched 219.78 lakh tonne, which is 14 % less than the sugar produced during the same period during the 2023-2024 sugar season.According to the Indian Sugar and Bio Energy Manufacturers Association, sugar production after diversion for ethanol from October 1, 2023 to February 28, 2024 was 256.16 lakh tonnes.The Association said that while totally 466 sugar factories were operating as of February 28 last year, only 355 were in operation now. Sugar mills in Maharashtra and Karnataka were wrapping up production for the current season and 141 units had reportedly…

Benchmark stock indices on Friday crashed 2% tracking a global market meltdown precipitated by the tariff war unleashed by U.S. President Donald Trump.The S&P BSE Sensex plunged 1,414 points, or 1.90%, to 73,198 led by fall in IT, banking and auto stocks.The top Sensex losers included Tech Mahindra (6.19%), IndusInd Bank (5.48%), M&M (5.21%), Bharti Airtel (4.86%), Titan (4.57%) and Infosys (4.32%).Mirroring the same sentiment, the Nifty-50 index of NSE slumped 420 points, or 1.86%, to 22,125 points.Devarsh Vakil, Head of Prime Research, HDFC Securities, said Nifty fell for the eighth consecutive session, falling 1.86%, marking its steepest single-session decline…

Tuhin Kanta Pandey. File | Photo Credit: Reuters Anyone who knows the incoming SEBI chief, either as a reporter or as a former colleague, inevitably recall his calm demeanour and commitment to work. For Saroj Sarangi, now retired as the medical officer of the Jagatsinghpur district of Odisha, the news of Tuhin Kanta Pandey’s appointment as the next SEBI chief was of much joy. He told The Hindu about the appointment bringing immense value considering his efficiency and fluid expertise in dealing with public matters. The 1987 batch IAS officer of the Odisha cadre succeeds Madhabi Puri Buch. While Ms. Buch…

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto India’s economic growth decelerated to 6.2% in the third quarter of 2024-25, mainly due to poor performance by the manufacturing and mining sectors.The Indian economy recorded a growth of 6.2% in the third quarter of the current fiscal (October-December 2024) against 9.5% in the year-ago period, according to data released by the National Statistical Office (NSO) on Friday, February 28, 2025.Indian economy grew at 5.6% in the July-September quarter this fiscal.The NSO, in its second advance estimate of national accounts, pegged the country’s growth at 6.5% for 2024-25.It had projected…

The maiden flight from Kempegowda International Airport will depart at 1000 IST and arrive at Zayed International Airport in Abu Dhabi at 1235 AST. | Photo Credit: File photo Akasa Air will commence daily direct flights connecting Bengaluru with Abu Dhabi in UAE under codeshare with Etihad Airways from March 1.The maiden flight from Kempegowda International Airport will depart at 1000 IST and arrive at Zayed International Airport in Abu Dhabi at 1235 AST.With this expansion, Akasa Air now operates 21 weekly flights connecting Abu Dhabi with three major Indian cities. This marks the airline’s first international route from Bengaluru.“We…

File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty tumbled nearly 2% on Friday (February 28, 2025), mirroring deep losses in global markets after the latest announcement of additional 10 per cent tariff on Chinese products rattled investors.The 30-share BSE benchmark Sensex tanked 1,414.33 points or 1.90% to settle at 73,198.10. During the day, it plunged 1,471.16 points or 1.97% to 73,141.27.Extending losses to the eighth straight day, the NSE Nifty slumped 420.35 points or 1.86%to 22,124.70.From its record peak of 85,978.25 hit on September 27 last year, the BSE benchmark index is down 12,780.15 points or 14.86%. The…

FIIs offloaded equities worth ₹556.56 crore in the capital markets on net basis on Thursday (February 27, 2025), according to exchange data. File | Photo Credit: Reuters The depreciated 28 paise to close at 87.46 (provisional) against the U.S. dollar on Friday (February 28, 2025), as the strength of the American currency and a negative trend in domestic equities dented investor sentiments. Forex traders said the ongoing uncertainty surrounding tariff imposition by the U.S. has left financial markets in flux. Moreover, the tariff chaos has injected volatility and uncertainty into the U.S. Dollar Index. At the interbank foreign exchange, the…

“India will need to grow at an average of 7.8% to become a high-income country by 2047,” a World Bank report said on Friday (February 28, 2025.) To achieve this goal, India would require reforms in the financial sector as well as in land and labour market, the World Bank said in its India Country Memorandum titled ‘Becoming a High-Income Economy in a generation’.Recognising India’s fast pace of growth averaging 6.3% between 2000 and 2024, the report notes that India’s past achievements provide the foundation for its future ambitions.The issue of India’s economic growth versus emissions“However, reaching the ambitious target…

Suman Kumar, IOC Director (P&BD). Photo: Arrangement Suman Kumar has assumed charge as Indian Oil Corporation’s Director (Planning & Business Development). Prior to the elevation to the Board, he was heading the Exploration & Production (E&P) vertical as ED at the corporate office. A mechanical engineer from MIT Muzaffarpur with an MBA and advanced management training, Mr. Kumar has more than 30 years of experience. He played a pivotal role in the upscaling of the company’s natural gas, petrochemicals, city gas distribution and renewable energy businesses. He has held leadership positions across LPG operations, petroleum product sales, energy conservation, and carbon…

The first Bershka store in Mumbai’s Phoenix Palladium | Photo Credit: Special Arrangement It is official — Bershka has landed in India. The Spanish high-street brand, part of the Inditex group (which also owns Zara, Massimo Dutti, and Pull&Bear), has opened its first Indian store in Mumbai at Phoenix Palladium.The 472-square-metre store offers a sleek, urban, and immersive retail experience, with a strong focus on product curation, seamless navigation, and digital integration. As the brand’s communications team explains, “Bershka comes at a time when the Indian market is growing in terms of streetwear and its embrace of contemporary fashion.” An immersive…