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NEW DELHI, Sept. 29 (Xinhua) -- India's factory activity growth, determined by the Index of Industrial Production (IIP), grew 4.0 percent in August, the government data showed Monday. "The IIP growth rate for August 2025 is 4.0 percent, which was 3.5 percent (quick estimate) in July 2025," reads the data issued by the federal ministry of statistics and programme implementation (MoSPI). "The growth rates of the three sectors, mining, manufacturing and electricity for August 2025 are 6.0 percent, ...Read More >
The Enforcement Directorate (ED) alleged that the B C Jindal group and its promoters transferred around ₹505 crore abroad through sham transactions. Searches were conducted at 13 Delhi premises of the group and its directors for suspected FEMA violations, including round-tripping via overseas entities Topaz Enterprise DMCC and Garnet Enterprise DMCC. ED claimed inflated valuations facilitated the transfers. The Enforcement Directorate (ED) on Wednesday alleged that the B C Jindal group of comp ...Read More >
ANGUL: Jindal Steel on Friday commissioned the 5 million tonne per annum (MTPA) Bhagavati Subhadrika Blast Furnace-II at Angul, notching up a milestone of sorts in India's steelmaking industry. The ceremonial blow-in was led by company chairman Naveen Jindal. Commissioning of the blast furnace also makes Angul the largest single-location steel facility in the country. The steel maker said Bhagavati Subhadrika Blast Furnace, with a volume of 5,499 cubic metre, ranks among the world's largest an ...Read More >
Angul: Jindal Steel has marked a major milestone in India's steelmaking industry by blowing in a 5 MTPA blast furnace. This achievement was realised with the commissioning of the Bhagavati Subhadrika Blast Furnace - II. The ceremonial "blow-in" was led by Chairman of Jindal Steel Naveen Jindal, establishing Angul as the largest single-location steel facility in the country. The Bhagavati Subhadrika Blast Furnace, with a useful volume of 5,499 m², ranks among the world's largest and most advanc ...Read More >
New Delhi, Sep 15 (PTI) India's exports rose 6.7 per cent to USD 35.1 billion in August annually, while imports declined 10.12 per cent to USD 61.59 billion, according to government data released on Monday. Gold imports were down nearly 56 per cent in August, helping to trim merchandise trade deficit to USD 26.49 billion in August, as against USD 35.64 billion in the year-ago month. The US was top exporting destination for India at USD 6.86 billion showing a growth of 7.15 per cent year-on-yea ...Read More >
US President Donald Trump announced a 25% import duty plus unspecified penalties on Indian goods from August 1, citing India's purchases of Russian crude oil and military equipment. The surprise move comes amid ongoing trade talks. The tariffs may impact Indian exports like telecom, apparel, and gems. India currently holds a $44.4 billion trade surplus with the US across goods and services. US President Donald Trump on Wednesday announced the imposition of a 25 per cent additional import duty p ...Read More >
Amritsar, July 18 (SocialNews.XYZ) Leader of Opposition in Punjab and Congress lawmaker Partap Singh Bajwa, on Friday demanded that Chief Minister Bhagwant Mann immediately convene an all-party meeting in Amritsar to discuss continuing threats to the Golden Temple through threatening emails. Speaking after paying obeisance at Sri Harmandir Sahib, where he was accompanied by Congress MP Gurjeet Singh Aujla, Sukhwinder Singh Danny Bandala and other Congress leaders, Bajwa said that he met with of ...Read More >
Mumbai: JSW Steel Ltd reported better-than-expected profit for the June quarter, driven by higher production and sales volume as well as lower cost of coking coal, a key ingredient. The steelmaker's first-quarter profit jumped to ₹2,209 crore from Rs.867 in the same quarter a year ago, according to the company's exchange filings. A key reason for this was improved steel prices, primarily due to the government's 12% safeguard duty to protect the industry from cheap steel imports from China. "St ...Read More >
New Delhi [India] July 16 (ANI): Driven by falling gold and crude oil shipments, India's merchandise imports show a declining trend in June 2025; however, exports remained flat, said Global Trade Research Initiative (GTRI) in its latest analysis. The June 2025 trade data released by the Ministry of Commerce on Tuesday shows that merchandise exports stood at USD 35.14 billion, a negligible increase of 0.05 per cent compared to June 2024. However, key sectors like electronics exports surged 47.1 ...Read More >
New Delhi, Jul 15 (PTI) As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and ACKO said they have become insurance partners for the American electric carmaker in India. Liberty General Insurance said it has developed a suite of finely tuned protection plans that complement Tesla's engineering and performance excellence while anticipating the distinct needs of EV users. "At Liberty, we're deeply honoured to be among Tesla's preferred insurance providers f ...Read More >
Chennai: Merchandise trade deficit narrowed down, both annually and sequentially to $18.78 billion in June. Exports remained flat against the same month last year, while imports declined 3.7 per cent in the month. India's trade deficit stood at $18.78 billion in June 2025 against $20.84 billion in June 2024 and $21.88 billion in May 2025. Merchandise exports in June were flat at $35.14 billion against $35.16 billion in the same month last year. On the import side, the country saw a 3.71 per ce ...Read More >
Mumbai: Steelmakers who also mine their own iron ore, such as Tata Steel and Steel Authority of India Ltd (SAIL), are likely to see their margins dip more than their peers as prices of both steel and iron ore are on a downward trend, analysts said. This is because of the fixed costs associated with their mines -- in contrast to players like Jindal Steel and Power Ltd and JSW Steel Ltd -- who buy raw material from third party suppliers, thus exporting a part of the margin squeeze to these vendor ...Read More >
Economy 1 min read IIP grows 3.5% in October, up from 3.1% a month ago India's Index of Industrial Production (IIP) grew by 3.5% in October 2024, up from 3.1% in September 2024. This positive growth was driven by strong performance in key sectors like basic metals, electrical equipment, and refined petroleum products. Eighteen out of 23 industry groups showed year-over-year growth, indicating broad-based industrial expansion. The IIP growth rate for the month of October 2024 is 3.5 percent whic ...Read More >
New Delhi, Dec 12 (IANS) India's Index of Industrial Production (IIP) recorded a year-on-year growth of 3.5 per cent in October, up from 3.1 per cent in September this year, according to the data released by the Ministry of Statistics on Thursday.The industrial growth rate of the manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), recorded a growth of 4.1 per cent in October. The sector plays a key role in providing quality jobs to the y ...Read More >
New Delhi [India], December 12 (ANI): The Index of Industrial Production (IIP) growth rate for October 2024 registered a modest increase to 3.5 per cent, up from 3.1 per cent in September 2024, according to the Quick Estimates released on December 12. According to the Ministry of Statistics & Programme Implementation, sectoral analysis reveals mixed performances. Mining, Manufacturing, and Electricity sectors reported growth rates of 0.9 per cent, 4.1 per cent, and 2.0 per cent, respectively. ...Read More >
The Indian government is set to auction 27 coal blocks across several states on Thursday. This 11th round of commercial auctions includes 20 new blocks (10 fully and 10 partially explored) and 7 re-offered blocks from a previous round. The initiative aims to boost regional economies and generate nearly 20,000 jobs, with an estimated annual revenue of Rs 1,446 crore.The government will offer 27 coal blocks across various states as it launches the fresh round of commercial mine auction on Thursday ...Read More >
SLB fondly decorated the 8 episodic series with enthralling sets, an amazing cast, and a larger-than-life world Netflix's 'Heeramandi' actress Manisha Koirala was seen at IFFI Goa where she spoke about the ageism issue in Bollywood and said, "It comes faster to heroines, you realise you're no longer wanted to be seen and stuff like that. It is a painful process. Luckily, the mould is being broken because of actresses like Neena Gupta. Thanks to the OTT platform and the audiences." And as far t ...Read More >
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