AP seals MoUs worth ₹3.65 lakh crore ahead of CII Summit

AP seals MoUs worth ₹3.65 lakh crore ahead of CII Summit


Andhra Pradesh Chief Minister N. Chandrababu Naidu signs MoUs with Taiwanese firms Allegiance Group and eJoule India JV for manufacturing projects during the CII Partnership Summit 2025, in Visakhapatnam on Thursday.
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ANI

Ahead of the two-day CII Partnership Summit 2025, the Andhra Pradesh government has sealed investments worth ₹3.65 lakh crore across various sectors through 35 memoranda of understanding (MoUs). These agreements are expected to create 1.26 lakh jobs. The energy sector gets the lion’s share of ₹2.65 lakh crore, which includes several green energy projects.

The State government is targeting to attract ₹10 lakh crore worth of investments during the two-day summit, beginning tomorrow at the sprawling Engineering College Grounds at Andhra University.

Major investments

The key investments include an investment of ₹60,000 crore by ReNew, ₹31,500 crore by the US-based conglomerate Carbonatic LLC, ₹30,000 crore by Hero Future Energies and ₹18,400 crore from two Taiwanese companies, Allegiance Group and Creative Sensor Inc.

Andhra Pradesh Chief Minister N. Chandrababu Naidu and IT and Industries Minister Nara Lokesh held a series of meetings with industry houses from India and abroad to finalise the deals.

NITI Aayog Chief Executive Officer B V R Subrahmanyam released the Visakha Economic Region Development Document at a conference.

Addressing the conference, Naidu stated that the State had attracted investments worth ₹20 lakh crore over the last 17 months.

The most significant investment was from decarbonisation solutions provider ReNew Energy Global Plc, which took the aggregate investment commitment to the State to ₹82,000 crore. Sumant Sinha, Founder-Chairman and& CEO, ReNew, said the company would establish an integrated clean energy value chain in the State. As part of the investments, they would set up a 6-GW PV ingot-wafer plant and a 2-GW pumped hydro project, among others.

Coromandel International, an agri input solutions provider from the Murugappa group, will set up a fertilizer manufacturing factory in Visakhapatnam with an investment of ₹2,000 crore. 

Arun Alagappan, Executive Chairman, and Sankarasubramanian S, Managing Director & CEO of Coromandel International, met with the Chief Minister to discuss the project.

Future Energies will set up power plants in Anantapur, Kadapa, and Kurnool districts with an investment of ₹15,000 crore.

Published on November 13, 2025



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Govt proposes Seeds Bill to curb sale of spurious seeds, seeks comments on draft

Govt proposes Seeds Bill to curb sale of spurious seeds, seeks comments on draft


The draft Bill proposes to decriminalise minor offences, thereby promoting ease of doing business and reducing compliance burden.
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MOHD ARIF

The Centre has shared the draft Seeds Bill seeking public comments within a month to take it forward in the forthcoming Parliament session. The draft Bill proposes major reforms, from the process of registration to ensure availability of genuine seeds to farmers and curb sales of spurious seeds by making it an offence with a penalty provision of ₹50,000-₹30 lakh.

Asking stakeholders to submit suggestions by December 11, the Agriculture Ministry on Thursday said that the proposed legislation is intended to replace the existing Seeds Act, 1966 and the Seeds (Control) Order, 1983.

“The draft Seeds Bill, 2025, seeks to regulate the quality of seeds and planting materials available in the market; ensure farmers’ access to high-quality seeds at affordable rates; curb the sale of spurious and poor-quality seeds; protect farmers from losses; liberalise seed imports to promote innovation and access to global varieties, and safeguard the rights of farmers, ensuring transparency and accountability in seed supply chains,” the Ministry said in a statement.

The draft Bill proposes to decriminalise minor offences, thereby promoting ease of doing business and reducing compliance burden, while maintaining strong provisions to penalise serious violations effectively, it said.

An industry expert termed the Bill as “friendly” and growth oriented, since seed companies will not be unnecessarily dragged into court cases by farmers with vested interests. “No court shall take cognisance of any offence punishable under this Act, except upon a complaint filed by Seed Inspector appointed under Section 31,” the Bill stated.

“The Central government, State government or the Union Territory administration, as the case may be, for the purposes of determining the penalties under section 34, may by notification, authorise any officer, having jurisdiction, to be the adjudicating officer to hold an inquiry and impose penalty, in the manner as may be prescribed, after giving any person concerned a reasonable opportunity of being heard,” it proposed.

Penalty explained

Section 34 (1) of the Bill provides for serving “a written notice for rectification or improvement” for the first offence in “trivial” matters, and for every subsequent offence within three years, a penalty of ₹50,000. For “minor” offences, the Bill proposes ₹1 lakh penalty, and ₹2 lakh penalty penalty for subsequent offences within 3 years.

For a major offence, the Bill proposes ₹10 lakh penalty and a fine of ₹20 lakh for subsequent offences if committed within 5 years. Any subsequent major offence after being fined ₹20 lakh will attract a penalty of ₹30 lakh and cancellation of dealership licence or three years imprisonment.

The Bill has defined trivial offences as failing to maintain business records, non-display of registration certificate, non-affixing label on the seed packet, failure in fixing QR code-related issues, continuing seed business one year or more after expiry of registration, and selling seeds in non-recommended area. “Minor” offences are misbranding, sale of sub-standard seeds, selling at rates higher than what is set by the government and failure to upload details on SATHI portal.

Spurious seeds

Companies/firms that “supply” any spurious seeds may be tried under major offence category, which leave out onus of retailers who sell those seeds, an expert said. Suppliers of non-registered seed varieties and those in the business without dealer or distributor or producer registration are also to be considered as major offences.

‘Spurious seed’ has been defined as “any seed which is not true to type or traits or does not meet minimum limit of genetic purity.”

As the Agriculture Ministry has been speaking about fake and spurious seeds for quite sometime, there was apprehension about some stringent penalty. However, the current Bill has not proposed any draconian provision. “There is no word called fake seed in the draft and any synthetic material if passed on as seeds to cheat farmers may escape the ambit of the proposed law,” said the expert.

On the registration process, which is currently dominated by ICAR, it is to be seen how the government makes changes, if any. The formation of the Central Seed Committee, currently headed by the union agriculture secretary, has been retained in the Bill, it has only been mentioned that a sub-committee (to be called the Registration Sub-Committee) will recommend varieties of seeds for registration after scrutinising their claims as made in the application.

Further, the Registration Sub-Committee may appoint another sub-committee on Seed Certification or more such sub-committees.

Currently, in the three-tire structure, the applications are first screened by the Variety Identification Committee (VIC), which sends them to the Central Sub-Committee on Crop Standards, Notification & Release of Varieties (CSN&RV). Currently, the CSN&RV is chaired by the deputy director general concerned of ICAR depending on whether an application is for field crop or any horticulture seed.

“While ICAR may be asked for technical advice at the bottom of the pyramid, the proposed Registration Sub-Committee should be headed by the concerned joint or additional secretary in the ministry since private companies are also applicants and their varieties clash with those developed by ICAR institutes,” suggested a private seed company official requesting anonymity.

Published on November 13, 2025



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Higher growth in Q2 and record low Oct inflation may pose a serious dilemma for RBI rate action in Dec, say economists

Higher growth in Q2 and record low Oct inflation may pose a serious dilemma for RBI rate action in Dec, say economists


The higher growth numbers for Q2 (July-September) and the October inflation print will pose a serious dilemma for the RBI for a rate action in December, according to State Bank of India’s economic research department (ERD).
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ALTAF HUSSAIN

Firm growth and inflation undershoot makes the rate-setting monetary policy committee’s December rate decision a close call, say economists.

CPI inflation reading came it at a record low of 0.25 per cent for October even as GDP growth is expected to hold up at about 7.5 per cent in the second quarter.

The higher growth numbers for Q2 (July-September) and the October inflation print will pose a serious dilemma for the RBI for a rate action in December, according to State Bank of India’s economic research department (ERD).

The ERD has estimated real GDP to expand by 7.5 per cent in Q2 FY26. The CPI (retail) inflation moderated to an all-time low of 0.25 per cent year-on-year(y-o-y) in October 2025, helped by decline in food & beverages inflation as prices of vegetables, pulses and spices continue to decline while fruits inflation and oil & fat inflation moderated.

“Even for the February 2026 policy, there are many moving parts. For example, the full year GDP forecast for FY26 could be well over 7 per cent. The inflation prints for November and December (both months at below 1 per cent) will continue to pose the same (if not more) dilemma in February policy,” opined the ERD economists.

Radhika Rao, Senior Economist, DBS Group Research, opined that the MPC is likely to lower its inflation forecast (of 2.6 per cent for FY26) sharply at the December’s rate review, while nudging up FY26 growth numbers (of 6.8 per cent).

She expects the October-December 2025 inflation to average 0.6 per cent compared to RBI’s estimate at 1.8 per cent and a sub- 3 per cent print in January-March 2026 vs RBI’s 4 per cent projection. This paves the way for at least 50-60 basis points (bps) reduction in the FY26 annual (inflation) forecast.

Further, based on the Q2FY26 growth numbers that will be out in late-November, the full-year growth might be revised up marginally. Passage of a US-India trade deal before the December rate review, will also be an important input for policymakers.

Rate reductions

To make a case for rate reductions despite strong growth numbers, Rao observed that the MPC will likely highlight risks to the forward-looking growth trajectory, with prevailing low inflation providing them with the necessary room to reduce lower rates.

“While a cut is not a foregone conclusion, we see a more than even chance of a reduction in December – the last in the current cycle,” she said.

Yes Bank’s Indranil Pan (Chief Economist) and Khushi Vakharia (Economist), observed that factoring the GST cut impacts, their model now predicts Headline CPI at 1.8 per cent for FY26 and 3.5 per cent for FY27.

“We think that the RBI would want to watch through the low inflation print, driven by vegetables, similarly when RBI watched through higher prints on account of higher vegetable inflation.

“Minutes from last meeting also clearly establish that inflation should not be the only guiding factor. Therefore, unless growth falters, we do not see RBI restarting the rate cutting cycle,” they said.

Kaushik Das, Chief Economist – India, Malaysia, and South Asia at Deutsche Bank AG, forecast India’s FY26 CPI inflation to moderate to 2 per cent y-o-y (RBI estimate currently at 2.6 per cent), from 4.6 per cent in FY25, thereafter rising to 4.3 per cent yoy average in FY27 (RBI’s forecast: 4.5 per cent y-o-y).

“While we have revised up our FY26 real GDP growth to 7.0 per cent y-o-y (RBI at 6.8 per cent y-o-y), we have also revised down our nominal GDP growth estimate to 8.5 per cent y-o-y, implying a GDP deflator of 1.5 per cent (vs. 2.8 per cent in FY25 and 6.7 per cent in FY24).

“This would be the lowest nominal GDP growth post Covid-19 pandemic, with a steady fall recorded in each successive year,” he said.

Das expects the RBI to deliver a 25 bps repo rate cutin the December policy.Based on Deutsche Bank’s forecast of FY27 growth, inflation and real rates, a simple Taylor Rule formula indicates that the terminal repo rate could fall to 5.25 per cent, from 5.50 per cent currently.

“In FY27, if CPI inflation averages 4.2-4.3 per cent, then real rates will remain positive by about 100 bps, assuming a terminal repo rate of 5.25 per cent, which is sufficient to maintain macro financial stability, in our view,” he said.

Published on November 13, 2025



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SBI to complete modernisation of its core-banking infrastructure within next two years

SBI to complete modernisation of its core-banking infrastructure within next two years


To encourage innovation, SBI has developed a sandbox and an innovation hub, opening access to nearly 300 APIs (Application Programming Interfaces) that allow fintechs to test and integrate their solutions with the bank’s systems
| Photo Credit:
KSL

State Bank of India (SBI) will complete modernisation of its core-banking infrastructure within the next two years as part of its plan to re-architect its core systems for greater agility and scale, according to Ashwini Kumar Tewari, Managing Director (Corporate Banking & Subsidiaries).

India’s largest bank is also building a private cloud infrastructure to ensure scalability while maintaining regulatory compliance and data security.

Tewari emphasised that the bank’s roadmap to transform its legacy systems involves a four-axis strategy — upgrading its hardware, migrating from Unix to Linux, hollowing out the core by externalising functions such as vendor and government payments, and introducing microservices for operations like inquiries and accounting.

“We are modernising as we run the ship. Our systems must always remain on and available to customers,” he said at the Singapore Fintech Fest.

Innovation hub

To encourage innovation, Tewari noted that SBI has developed a sandbox and an innovation hub, opening access to nearly 300 APIs (Application Programming Interfaces) that allow fintechs to test and integrate their solutions with the bank’s systems.

Along with agility, convenience, intuitiveness, interface, security and compliance, the ability to meet the scale of SBI’s operations is a crucial parameter for fintech onboarding, he added.

The SBI MD highlighted that the bank is deploying agentic AI through a fintech partner to verify trade finance documents such as guarantees and letters of credit, helping both internal teams and customers achieve faster, more accurate processing. He noted that AI applications are also being explored in areas like service ticket resolution and document analysis to enhance operational efficiency.

Published on November 13, 2025



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Delhi blast case: Interpol help sought to nab Qazigund doctor as police widens Kashmir raids

Delhi blast case: Interpol help sought to nab Qazigund doctor as police widens Kashmir raids


Pulwama: Security personnel interact with a local as they carry out a door-to-door investigations in connection with the ‘white-collar terror module’ following the recent blast near Delhi’s Red Fort, at Koil, in Pulwama district, Jammu and Kashmir, Thursday.
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The Counter Intelligence Kashmir (CIK) unit of the Jammu and Kashmir Police on Thursday carried out raids at more than a dozen locations across the Valley as part of an ongoing investigation into the Delhi blast case, officials said. 

Police have also approached Interpol to issue a Red Corner Notice against Dr. Muzaffar, a Qazigund-based doctor, in connection with the recently busted interstate ‘white-collar’ terror network.

An official said CIK teams have searched 13 locations suspected to have links with the case, since morning. “These searches are part of the ongoing probe into the Delhi blast case,” the official said, adding that some detentions and recoveries are expected during the operation.

The fresh raids follow a sweeping crackdown launched across south Kashmir’s Shopian and Pulwama districts, where police have searched nearly 700 locations in recent days, in an effort to dismantle what they describe as an “active terror support network.”

A senior police official in Shopian said that extensive searches have been carried out over the last several days at hundreds of premises linked to members and associates of Jamaat-e-Islami (JeI) and relatives of Jammu & Kashmir Nationals Operating from Pakistan (JKNOP), and militant sympathisers.

“Nearly 400 locations were searched across the district,” the official said. “The searches are part of an ongoing crackdown aimed at identifying individuals and networks involved in providing any kind of logistical or financial assistance to terror activities.”

Another senior official in Pulwama said at least 300 raids have been conducted since last week, including fresh searches targeting around 20 JeI activists. He said CIK teams were also involved in several of those operations.

Police say that fresh raids are linked to investigations into the recent blast in Delhi that killed 13 people and injured around 20.

According to officials, the bomber, identified as Dr Umar from Koil village in Pulwama, detonated an explosives-laden car in the Capital. Another local, Dr. Muzamil, who worked at Al-Falah University in Faridabad, was arrested after investigators recovered 358 kg of suspected ammonium nitrate, an assault rifle, magazines, live rounds, a pistol, and bomb-making materials from his rented accommodation in Haryana’s Dhauj area.

Interpol help sought

Jammu and Kashmir Police have sought Interpol’s help to issue a Red Corner Notice against Dr. Muzaffar, a resident of Qazigund, in connection with the recently uncovered interstate “white-collar” terror network. Officials said Dr Muzaffar is the brother of Dr Adil, one of the eight individuals, including three doctors, arrested earlier in the case.

Investigators said Muzaffar’s name surfaced during the interrogation of the arrested suspects. He was reportedly part of a group of doctors, including Dr. Muzammil and Dr. Umar, who travelled to Turkiye in 2021. 

Officials added that Muzaffar left India for Dubai in August this year and is now believed to be in Afghanistan.

“Raids will continue,” a police official said, adding that investigators are pursuing multiple leads to trace the wider network behind the attack.

Published on November 13, 2025



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Multibagger Stock: सिर्फ एक रुपया का ये शेयर बना रॉकेट, एक ही साल में बना दिया करोड़पति

Multibagger Stock: सिर्फ एक रुपया का ये शेयर बना रॉकेट, एक ही साल में बना दिया करोड़पति



Multibagger Stocks: शेयर बाजार में आज हम उस स्टॉक्स की बात करने जा रहे हैं, जिसका भाव सिर्फ एक रुपया था और इसने निवेशकों की किस्मत को बदलकर रख दिया. एफएमसीजी कंपनी एलिटकॉन इंटरनेशनल लिमिटेड के शेयरों में हालांकि थोड़ी गिरावट आयी और यह 12 नवंबर को 145.70 रुपये पर कारोबार कर रहा था, लेकिन कंपनी की तरफ से चालू वित्त वर्ष के दौरान एक रुपये के फेस वैल्यू वाले शेयरों के ऊपर अंतरिम डिविडेंड का ऐलान किया गया है.

मल्टीबैगर बना एलिटकॉन का शेयर

दरअसल, पिछले एक वर्ष से दौरान इस कंपनी के शेयर ने करीब 11,000 प्रतिशत का रिटर्न दिया है. इस प्रदर्शन बाद एलिटकॉन के शेयर देश में सबसे तेजी से बढ़ते हुए मल्टीबैगर स्टॉक्स में शामिल हो गया है. मतलब ये कि अगर सालभर पहले किसी इन्वेस्टर ने एक लाख रुपये लगाया होता तो आज उसकी वैल्यू बढ़कर 1.1 करोड़ रुपये से ज्यादा की हो गई होती.

कंपनी की तरफ से इस साल 29 सितंबर को बीएसई में दायर आवेदन में कहा गया था कि इसके स्टॉक्स में आई तेजी पूरी तरह से बाजार संचालित है और परिचालन या फिर प्रदर्शन से जुड़ी कोई भी जानकार नहीं छिपाई गई है. 

क्या करती है कंपनी?

स्मोकिंग प्रोडक्ट्स के निर्माण में लगी इस कंपनी ने 12 नवंबर 2025 को डिविडेंड के लिए रिकॉर्ड डेट तय किया है. ऐसे में जिस भी किसी निवेशक के पास कंपनी के शेयर होंगे, वे इसके लाभांश पाने के पात्र होंगे.

ये भी पढ़ें: कैसे ED की रेडार पर आए JP ग्रुप के पूर्व चेयरमैन मनोज गौर, कारोबार से गिरफ्तारी तक… पूरी कहानी

डिस्क्लेमर: (यहां मुहैया जानकारी सिर्फ़ सूचना हेतु दी जा रही है. यहां बताना जरूरी है कि मार्केट में निवेश बाजार जोखिमों के अधीन है. निवेशक के तौर पर पैसा लगाने से पहले हमेशा एक्सपर्ट से सलाह लें. ABPLive.com की तरफ से किसी को भी पैसा लगाने की यहां कभी भी सलाह नहीं दी जाती है.)  



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