Business
Tomato prices skyrocket in Chennai after supplies hit by heavy rainfall
The prices of tomatoes have skyrocketed in Chennai. In the wholesale vegetable market of Koyambedu, one kg tomato cost was Rs 120, and in the retail markets across the city, it was priced at Rs 150/kg.
Heavy rainfall in many parts of Andhra, Karnataka and the Krishnagiri district of Tamil Nadu, where the crop is cultivated in large areas, have been flooded with water. In many parts of Andhra, either the entire crop is lost or more than 80 per cent of the cultivated crop is damaged.
M. Palanimaickam, General secretary, Vegetable and fruit merchants association, Koyambedu told IANS, “Tomato was selling at Rs 20 per kg and suddenly the rains started and this led to the loss of whole crops in Karnataka and Andhra as also in parts of Tamil Nadu. Farmers informed us that they have lost heavily and in most cases, the entire crop is lost while in some cases 80 per cent of the crop is lost. Either way, the product has turned costlier and this has led to skyrocketing tomato prices in Chennai.”
However, the prices of onion and potato have not increased and continue to be sold at Rs 60 per kg.
Abdul Rahim, a trader in Koyambedu market while speaking to IANS said, “We used to receive 70 to 80 loads of tomatoes per day in the market, but it has come down to 30 per cent. This is leading to the price rise.”
Traders told that the farmers are heavily hit as almost the entire crop in Andhra Pradesh has been damaged due to the heavy rainfall and waterlogging in farms.
Okra or lady’s finger is costing Rs 120 per kg in Chennai market and the price of cabbage has also increased to Rs 45 to 60 per kg.
The skyrocketing of prices has affected the family budget with several people cutting on their purchases.
Sridharan Unnithan, a retired employee of an automobile major and living at Ashok Pillar told IANS, ” Our family is vegetarian and with the skyrocketing of prices of tomato, brinjal and lady’s finger, I have decided to cut down on the purchases by more than half and am also willing to skip the purchase of costly vegetables for a couple of days.”
Traders said that the only solace was a few loads that had come up from Maharashtra and this has led to the prices not shooting up to Rs 170 per kg.
With rain further predicted, the traders feel that there will be a heavy shortage of supply and this would lead to further price rice in wholesale and retail vegetable markets of Chennai, including Koyambedu.
Business
Bharti Airtel Receives ₹1,74,000 Penalty Notice From DoT For Subscriber Verification Lapses

New Delhi: Bharti Airtel has disclosed a regulatory development involving a minor financial penalty tied to compliance checks on customer onboarding processes.
The Department of Telecommunications, Madhya Pradesh Licensed Service Area, has issued a notice imposing a penalty of Rs 1,74,000 on the company. The action relates to alleged non-compliance with subscriber verification requirements under telecom licensing conditions, as detailed in Annexure A on page 2.
The issue stems from a Customer Application Form audit conducted by the DoT for January 2026. These audits are carried out periodically to ensure telecom operators adhere to rules governing customer identity verification before activating services.
Under the license agreement, telecom operators are required to maintain strict verification processes when enrolling subscribers. The audit identified alleged gaps in meeting these standards, prompting regulatory action from the authority.
Bharti Airtel has decided not to contest the notice and will pay the penalty. The company clarified that the financial impact is limited to the amount levied, with no broader operational implications highlighted in the filing. The disclosure reflects routine regulatory oversight in the telecom sector, where periodic audits ensure adherence to compliance norms.
Business
Maharashtra Minister Nitesh Rane Announces AI Project For Mango, Cashew Farming In Sindhudurg With 400 Farmers In Pilot Phase

Mumbai, March 27: Maharashtra Fisheries and Ports Minister Nitesh Rane on Friday announced that an Artificial Intelligence (AI)-based project will be implemented to enhance mango and cashew cultivation in Sindhudurg district.
Initially, 400 farmers—200 each cultivating mango and cashew—will be selected for the pilot phase. The project aims to digitise farms by collecting basic data such as farmers’ names, contact details and village information. Based on the success of the initial phase, the initiative will be expanded to include more farmers.
The proposal was presented by experts from ADT Krishi Vigyan Kendra Baramati in the presence of agricultural scientists and officials, including representatives from Dr Balasaheb Sawant Konkan Krishi Vidyapeeth.
Under the project, sensors will be installed to monitor soil health, crop conditions and yield patterns. Farmers will receive training and awareness about AI technology through group-based sessions conducted over a 150-day initial phase.
The use of drones for pesticide spraying is expected to significantly reduce time from several days to just a few hours, ensuring quicker and more effective disease control. Additionally, AI-based predictive models will help detect crop diseases in advance, reducing excessive pesticide use and curbing black marketing.
Business
Retail petrol and diesel prices won’t change, excise cut to offset oil firms’ losses: Govt

New Delhi, March 27: The government on Friday said retail pump prices of petrol and diesel will not change, and the excise reduction is not being passed on as a price cut at the pump.
Instead, it directly reduces the under-recoveries being absorbed by public sector oil marketing companies (OMCs) — Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation — who have continued to supply fuel to Indian consumers at prices well below their cost of supply, the Petroleum Ministry said.
At current international crude prices, under-recoveries stand at approximately Rs 26 per litre on petrol and Rs 81.90 per litre on diesel.
The combined daily under-recovery being absorbed by OMCs is approximately Rs 2,400 crore.
The excise reduction offsets Rs 10 per litre of these losses, ensuring OMCs can continue to supply fuel without disruption while keeping retail prices unchanged, said the ministry.
The government has reduced excise duty by Rs 10 per litre on both petrol and diesel with immediate effect.
“This decision has been taken in response to the steep and rapid rise in international crude oil prices, which have surged from approximately $70 per barrel to around $122 per barrel over the past month — an increase of nearly 75 per cent in under four weeks, driven by the ongoing conflict in West Asia and associated disruptions to global energy supply chains,” the ministry said.
The contrast with global fuel markets is instructive. Fuel prices have risen by 30 to 50 per cent across South and South-East Asian countries, 30 per cent in North America, and 20 per cent in Europe since the onset of the current crisis. India has held the line. That stability carries a fiscal cost, and the government has chosen to bear it.
Earlier in the day, Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said that Prime Minister Narendra Modi decided to take a hit on government finances to safeguard the Indian citizen.
“The government has taken a substantial impact on its taxation revenues to reduce the high losses being faced by oil marketing companies at this time of sky-high international prices,” he mentioned.
Alongside the excise reduction, the government has simultaneously introduced an export levy on diesel. At a time when international diesel prices have surged sharply, the levy is designed to disincentivise exports and ensure that refinery output is directed first towards meeting domestic demand.
Keeping Indian pumps fully supplied takes precedence over export opportunities, however commercially attractive those may be at current global prices. The government will continue to monitor the evolving global energy situation and take all measures necessary to maintain supply stability and price protection for Indian consumers.
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