Author: NNI Editor
Dried Cardamom in an auction centre at Kumily. | Photo Credit: JOMON PAMPAVALLEY With the fag end of the crop season, the prices of the cardamom is showing a reverse trend. The recent average price of ₹2,800 per kg was quoted in the auction at Spices Park, Puttady, on Monday (February 24, 2025)In the morning auction held by Header Systems Limited, the average price was ₹2,802, while the maximum price quoted was ₹3,040. Of the 45,721 kg of cardamom that arrived, 41,290 kg were sold. In the evening auction held by Sugandhagiri Spices Promoters and Traders, 48,303 kg arrived, and…
Steel, a vital component of infrastructure and economy, contributes massive environmental damage in its production process as it relies heavily on coal as a fuel. In the steel production process, carbon (primarily sourced from coal and natural gas) reacts with iron ore to produce molten iron, which is then refined to create steel. This process generates vast amounts of carbon dioxide (CO2) and as a result, the steel industry alone, globally, emits over 3.7 billion metric tons of CO2 every year, contributing to 7–9 % of carbon emissions. To combat the issue, a team of researchers, Arnab Dutta, Sukanta Saha, Suhana…
The story so far:After at least a year-long tussle over the new relaxed duty norms for pilots brought out by the Directorate General of Civil Aviation (DGCA), the Delhi High Court on February 24, ruled that a vast chunk of these rules would come into effect from July 1, 2025. This brings to a close a six-year battle in Delhi High Court waged by pilot unions against the punitive provisions of the DGCA’s 2019 norms that raised permissible night flying from one night to two consecutive nights, slashed rest periods including for ultra-long range flights, and allowed airlines special dispensation…
India will host the 12th regional 3R (reduce, reuse, recycle) and Circular Economy Conference in Asia and the Pacific in Jaipur from March 3-5, Union Urban Affairs Minister Manohar Lal Khattar announced in New Delhi on Monday (February 24, 2025). The event will centre on the theme of “Realizing Circular Societies Towards Achieving Sustainable Development Goals (SDG) and Carbon Neutrality in Asia-Pacific”, he said at a press conference here. Over 500 international and domestic participants are expected to attend the three-day conference next month, packed with plenary sessions, country-specific discussions and theme-based round-tables. The delegates will also be able to…
Amid concerns over jobs shrinking due to the impact of Artificial Intelligence (AI), the National Association of Software Services Companies (NASSCOM) has projected the Indian technology industry’s revenue growth at 5.1% to $282.6 billion in FY 2025-26.“While the CEO outlook for FY26 remains measured yet positive, with increased tech and AI spending, sustaining the growth momentum requires a strategic vision,” Rajesh Nambiar, the President of NASSCOM, said at the 33rd NASSCOM Technology and Leadership Forum here on Monday.“However, upskilling in niche and core tech areas will continue to remain of paramount importance for the industry,” he added.Domestic revenue is projected…
The Spices Board is working with the Food Safety and Standards Authority of India (FSSAI) and other regulatory agencies to bring in more regulations for the industry to usher in sustainable approaches and conservation-driven strategies to develop the industry, its secretary P. Hemalatha said.In addition the Spices Board has implemented stringent quality control measures, including mandatory ethylene oxide (ETO) testing for EU exports, to enhance food safety and compliance, she said at the the International Spice Conference organised by the All India Spices Exporters Forum (AISEF) here on Monday.Addressing evolving regulatory challenges, Ms. Hemalatha underscored the Board’s commitment to harmonising…
Ukraine President Zelenskyy, other European leaders and Canadian PM Justin Trudeau attend a press conference in Kyiv on February 24, 2025 after the “Support Ukraine” summit, marking the third anniversary of the Russian invasion. | Photo Credit: AP The European Union (EU) and the U.K. marked the third anniversary of Russia’s invasion of Ukraine with a slew of additional sanctions related to Moscow and those doing business with it. Indian entities are among those impacted by these measures. The move came as several Western heads of government, including European Commission President Ursula von der Leyen, visited Kyiv in a show…
Sales of listed private non-financial companies increased by 8% year-on-year (YoY) during Q3FY25 compared with 5.4% in the previous quarter and 5.5% in the year-earlier period according to data released by the Reserve Bank of India (RBI) on Monday. Sales growth of 1,675 listed private manufacturing companies improved to 7.7% during Q3FY25 from 3.3% during the previous quarter, mainly driven by higher sales growth in automobiles, chemicals, food products and electrical machinery industries; sales revenue of petroleum, iron and steel, and cement industries, however, contracted on an annual basis.Information Technology (IT) companies recorded a rise of 6.8% in sales in Q3…
Available exclusively in the Z8 and Z8L seven-seater variants in Metallic Black, the prices range between ₹19.19 lakh and ₹24.89 lakh ex-showroom. | Photo Credit: Special Arrangement Mahindra & Mahindra Ltd. has introduced Scorpio-N Carbon Edition Sport Utility Vehicle (SUV) to mark the sale of 2,00,000 units of Scorpio-N since its introduction. “The Scorpio-N Carbon expands the realm of Mahindra’s authentic SUVs with its design and sophistication,” the company said. The interiors of Scorpio-N Carbon have premium leatherette seats and contrast deco-stitching. Available exclusively in the Z8 and Z8L seven-seater variants in Metallic Black the prices range between ₹19.19 lakh…
Account holders stand in a queue outside a branch of New India Co-operative Bank. File. | Photo Credit: ANI Days after imposing several restrictions on New India Co-operative Bank, the RBI on Monday (February 24, 2025) relaxed the conditions and permitted customers to withdraw up to ₹25,000 from their deposit accounts with effect from February 27. On February 13, the Reserve Bank had imposed All Inclusive Directions (AID) on the Mumbai-based cooperative bank, which included a ban on deposit withdrawals, amid supervisory concerns. Also read | New India Cooperative Bank General Manager arrested for ‘misappropriation’ of ₹122 crore Later, the…