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Tamil Nadu Chief Minister M.K. Stalin on Friday opposed the exemption of atomic mineral mining from public consultation and urged Prime Minister Narendra Modi to withdraw the office memorandum issued by the Union Ministry of Environment, Forest and Climate Change. Tamil Nadu's coastal districts are endowed with deposits of Rare Earth Elements embedded in beach sand systems, and these coasts are ecologically fragile and highly vulnerable, he said. "Policy changes of such significance must be de ...Read More >
Suspended BRS leader K. Kavitha claimed that corrupt practices are entrenched in contract work at Singareni, with 25% corruption occurring in every contract and 10% of the share going to senior Congress leaders. Speaking at a felicitation of her on being elected as the honorary president of HMS (AB Singareni Miners & Engineering Workers' Union), she warned that if the State fails to rein in these malpractices, the HMS-led movement will lay siege to Singareni Bhavan. Ms. Kavitha asserted that H ...Read More >
Hyderabad: The Singareni Collieries Company Limited has lost two major coal blocks and revenue of about Rs 60,000 crore due to its inability to participate in past auctions. However, State Deputy Chief Minister and Energy Minister Mallu Bhatti Vikramarka has announced that the company has now been permitted to participate in upcoming coal block auctions conducted by the Union Coal Ministry. Addressing the press, the Deputy CM said that considering the livelihood of 40,000 Singareni workers and ...Read More >
CHENNAI: Chief Minister M K Stalin has urged Prime Minister Narendra Modi to immediately withdraw the recent Office Memorandum (OM), issued by the Union Ministry of Environment, Forest and Climate Change (MoEFCC), which exempts the requirement of public consultation for mining projects involving atomic and strategic minerals notified in the Mines and Minerals (Development and Regulation) Act. The CM has also pointed out that the OM directs that from now on, all such projects need to be exclusiv ...Read More >
Chennai: Chief minister M K Stalin wrote to Prime Minister Narendra Modi on Friday demanding immediate withdrawal of Union govt's decision to exempt mining of atomic, critical, and strategic minerals from public consultation."Public hearings are a mandatory safeguard for ecology, livelihoods and democracy. I urge you to roll back this memorandum and ensure that such important policy decisions are first discussed in Parliament and with the States," Stalin wrote. Voices of opposition against Union ...Read More >
New Delhi [India], September 12 (ANI): Vivek Vikram Singh, Managing Director and Group CEO of Sona Comstar, has urged the government to hold discussions with China to address the supply constraints around rare earth metals that are vital for the auto component industry. 'We need solutions. The government should talk to the Chinese side and get rid of these rare earth export controls. The interim solution (using rare-earth-free magnets) is not the best solution. This affects us and our customers ...Read More >
Hyderabad, Sep 12 (UNI) State-owned Singareni Collieries Company Limited (SCCL) will launch operations abroad under the banner " Singareni Global". An international agency has been appointed to study opportunities for critical mineral production across the world, said Deputy Chief Minister and Energy Minister, Bhatti Vikramarka Mallu in a press conference today. Based on its recommendations, Singareni will launch operations abroad under the banner "Singareni Global," he said. Not just as a co ...Read More >
Chennai: Tamil Nadu Chief Minister M K Stalin on Friday wrote to Prime Minister Narendra Modi objecting to exemption from public consultation for atomic mining projects. He cited an Office Memorandum issued by the Impact Assessment Division of the Ministry of Environment, whereby all mining projects of atomic minerals notified in Part B and critical and strategic minerals notified in Part D of the First Schedule of the Mines and Minerals (Development and Regulation) Act have been exempted from ...Read More >
CHENNAI: Chief Minister MK Stalin on Friday wrote to Prime Minister Narendra Modi, urging the withdrawal of a recent Office Memorandum issued by the Ministry of Environment, Forest and Climate Change, exempting mining projects of atomic, critical, and strategic minerals from mandatory public consultation. In his letter, the CM noted that the memorandum, issued on September 8, directs all such projects to be appraised at the Central level regardless of the lease area involved. He cautioned that ...Read More >
Hyderabad: In a strategic business expansion, Singareni Collieries Company Limited (SCCL) has secured exploration licenses for gold and copper mines in Karnataka's Raichur and Devadurga areas, with a lucrative 37.75% royalty share. Exploration work is set to begin shortly, promising substantial financial benefits for the company. Once reserves are found, the company engaged in mining will continue to pay royalties to SCCL, boosting the company's economy. Announcing this at a press conference, D ...Read More >
Hyderabad, Sep 12 (PTI) Telangana Deputy Chief Minister Mallu Bhatti Vikramarka on Friday said state-run miner Singareni Collieries would diversify into other sectors, including thermal and solar power and green energy, instead of limiting itself to coal mining. The Singareni Collieries Company Limited (SCCL) is a government-owned coal mining company, jointly held by the Telangana and Union governments on a 51:49 equity basis. Speaking to reporters here, Vikramarka, who holds the finance and e ...Read More >
Chennai, Sep 12 (PTI) Tamil Nadu Chief Minister M K Stalin on Friday urged the Centre to immediately withdraw the September 8 Office Memorandum exempting the requirement of public consultation for all mining projects of atomic minerals. Also, he reiterated Tamil Nadu's commitment to contributing to the nation's strategic and defence requirements, as has always been done in the past. The Office Memorandum (internal communication) was issued by the Environment Impact Assessment Division of the M ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russi ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including ...Read More >
By Krishna N. Das and Tamiyuki Kihara NEW DELHI/TOKYO (Reuters) -Indian Prime Minister Narendra Modi heads overseas on Thursday to meet the leaders of China, Japan and Russia, seeking to build closer diplomatic ties as New Delhi battles fallout from U.S. President Donald Trump's escalating tariff offensive. By drawing nearer to some of the world's largest economies, including his first visit to China in seven years, Modi hopes to to boost support for his flagship "Make in India" initiative, ma ...Read More >
NEW DELHI/TOKYO, Aug 28 (Reuters) - Indian Prime Minister Narendra Modi heads overseas on Thursday to meet the leaders of China, Japan and Russia, seeking to build closer diplomatic ties as New Delhi battles fallout from U.S. President Donald Trump's escalating tariff offensive. By drawing nearer to some of the world's largest economies, including his first visit to China in seven years, Modi hopes to to boost support for his flagship "Make in India" initiative, mainly from Japan, as Trump's me ...Read More >
Aug 18 (Reuters) - JSW Steel (JSTL.NS), opens new tab and South Korea's POSCO (005490.KS), opens new tab have entered a deal to explore setting up an integrated steel plant in India, the country's largest steelmaker by market capitalisation said on Monday. The steelmakers are yet to finalise the location and its financial details, but flagged that Odisha state is among the key locations being considered for the 6 million tonne per annum (MTPA) capacity plant. Last year, the two companies enter ...Read More >
New Delhi [India], August 14 (ANI): India is actively engaging with China to ensure uninterrupted access to rare earth materials, crucial for various industries, including electric vehicles, wind turbines and defence, a senior government official confirmed. India is negotiating with China for the procurement of permanent magnets made from rare earth minerals. The government is also exploring alternative supply channels and domestic sources to reduce dependence on China. We are also finding way ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
Wholesale inflation in India likely dropped to a near two-year low in July, due to a significant decline in food and fuel prices, according to a Union Bank of India report. New Delhi, Wholesale inflation in India likely dropped to a near two-year low in July, due to a significant decline in food and fuel prices, according to a Union Bank of India report. The Wholesale Price Index (WPI) is estimated to have fallen to -0.45 per cent year-on-year in July, down from -0.13 per cent in June. This is ...Read More >
New Delhi [India], August 14 (ANI): BJP MP and Member of the Standing Committee on Coal Mines & Steel, Roopkumari Choudhary, on Thursday said that the Mines and Minerals (Development and Regulation) Amendment Bill, 2025 will bill boosts employment, improves states rights, and add to the economy by allowing more efficient use of India mineral resources. Speaking with ANI, Choudhary emphasised that the bill, passed by Loksabha on Tuesday, aims to strengthen India economic position by granting sta ...Read More >
Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100 RE for ...Read More >
New Delhi [India], August 14 (ANI): India's wholesale inflation, measured by the All India Wholesale Price Index (WPI), slipped further into the negative zone in July 2025, standing at (-) 0.58 per cent (provisional) compared to the same month last year, according to the Ministry of Commerce & Industry. This marks a continuation of the deflationary trend, with the decline largely driven by falling prices of food articles, mineral oils, crude petroleum & natural gas, and basic metals. On a month ...Read More >
Stocktwits - Wholesale inflation in India eased to a two-year low of -0.58% in July, due to a fall in mineral oils, crude petroleum & natural gas, manufacture of basic metals prices. The WPI print remains in the negative territory for the second consecutive month. It stood at -0.13% in June. WPI Food Index inflation remains negative, from -0.26% in June to -2.15% in July. WPI Inflation Breakdown The Primary Articles category came in at 1.18% in July, from 0.54% in the previous month. Within ...Read More >
New Delhi [India], August 14 (ANI): India wholesale inflation, measured by the All India Wholesale Price Index (WPI), slipped further into the negative zone in July 2025, standing at (-) 0.58 per cent (provisional) compared to the same month last year, according to the Ministry of Commerce & Industry. This marks a continuation of the deflationary trend, with the decline largely driven by falling prices of food articles, mineral oils, crude petroleum & natural gas, and basic metals. On a month-t ...Read More >
Rare earth elements are a group of 17 chemically similar metals indispensable to a wide range of advanced technologies. In the 21st century, strategic advantage is increasingly defined not just by control over oil or gas, but by access to critical minerals. Among these, rare earth elements (REEs) hold unparalleled importance. REEs are a group of 17 chemically similar metals indispensable to a wide range of advanced technologies. They are used in permanent magnets, which are essential for electr ...Read More >
Chief Economic Advisor V Anantha Nageswaran Chief Economic Advisor V Anantha Nageswaran on Wednesday said US tariffs-related challenges will dissipate in the next one or two quarters, and urged the private sector to do more as the country navigates through other longer-term challenges. He attributed the growth slowdown in FY25, which saw a deceleration to 6.5 per cent from FY24's 9.2 per cent, to tight credit conditions and liquidity issues. The right agriculture policies can add 25 per cent t ...Read More >
NewsVoir Mumbai (Maharashtra) [India], August 8: Acclaimed actor and sustainability advocate Bhumi Pednekar, along with her sister, lawyer-turned-entrepreneur Samiksha Pednekar, unveil Backbay a next-generation beverage brand that reimagines hydration for the modern Indian lifestyle. Rooted in wellness and shaped by conscious consumption, Backbay's debut offering is natural mineral water, bottled at source in the Himalayan foothills. Rich in naturally occurring minerals and electrolytes, it's h ...Read More >
Mumbai (Maharashtra) [India], August 8: Acclaimed actor and sustainability advocate Bhumi Pednekar, along with her sister, lawyer-turned-entrepreneur Samiksha Pednekar, unveil Backbay a next-generation beverage brand that reimagines hydration for the modern Indian lifestyle. Rooted in wellness and shaped by conscious consumption, Backbay debut offering is natural mineral water, bottled at source in the Himalayan foothills. Rich in naturally occurring minerals and electrolytes, it housed in sleek ...Read More >
Mumbai, Aug 4 (PTI) The rupee depreciated 11 paise to 87.29 against the US dollar in early trade on Monday, weighed down by sustained foreign fund outflows and concerns over trade tariffs. Forex traders said the weakness in the dollar index and easing crude oil prices supported the rupee at lower levels. At the interbank foreign exchange market, the rupee opened at 87.21 and fell to an early low of 87.29 against the American currency, registering a decline of 11 paise over its previous close. ...Read More >
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