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SEPC inked a memorandum of understanding (MoU) for the execution of a mining project worth Rs 3,300 crore in Madhya Pradesh. As per the company's regulatory filing, the MoU is with the JARPL-AT Consortium, jointly formed by Jai Ambey Roadlines and Avinash Transport for a mining project awarded by South Eastern Coalfields. The project pertains to the Rampur Batura Opencast Coal Mine Project, located in the Sohagpur Area of Shahdol district, Madhya Pradesh. The aggregate contract value of the pro ...Read More >
MUMBAI : Even amid a broader market sell-off, which saw foreign portfolio investors (FPIs) pull a net ₹3,765 crore from Indian equities in November, one sector stood out: telecommunications. The outflow came after FPIs turned net buyers in October, snapping a three-month selling streak. Yet, in a striking display of selective buying, FPIs channelled ₹14,326 crore into telecom stocks alone -- their strongest monthly inflow since April 2022, according to the latest data from National Securities D ...Read More >
Tata Steel shares: The company announced plans to boost domestic capacity by nearly 50%, including a 4.8-million-tonne addition, aimed at strengthening market leadership and securing long-term raw material supplies. Tata Steel shares are expected to be in focus on Monday, December 15, following the company's recent announcements related to large-scale capacity expansion in India and efforts to secure long-term raw material supplies. The steelmaker is planning to increase its domestic production ...Read More >
Bhopal (Madhya Pradesh): The state government has called a special session of Assembly on December 17, which will focus on making Madhya Pradesh a developed state (Viksit Madhya Pradesh). The Congress MLAs will corner state government on its failures and will raise gaps in the vision documents. There will be discussion on state's overall development. The subjects to come up for discussion relate to infrastructure development, irrigation, industrialisation, employment, mining, women empowerment, ...Read More >
Hyderabad: Telangana has emerged as the top-ranking major state in the country in terms of per capita income, according to the latest Handbook of Statistics on Indian States 2024-25 released by the Reserve Bank of India. With a per capita income of Rs 3,87,623, Telangana has outperformed several industrially-advanced states, including Karnataka, Tamil Nadu, Haryana, Maharashtra and Kerala, underlining the State's strong economic momentum. In dollar terms, Telangana's per capita income stands at ...Read More >
The exact number of people trapped is not known The body of a labourer was pulled out on Sunday morning from the rubble of a stone quarry that collapsed in Uttar Pradesh's Sonbhadra, while several others remain trapped, a senior police official said. The exact number of people trapped is not known. Uttar Pradesh minister and local MLA Sanjeev Kumar Gond, who visited the spot in the Billi Markundi mining area after the collapse on Saturday, said "around a dozen labourers" might be under the deb ...Read More >
New Delhi [India] November 14 (ANI): The Centre has begun a nationwide exploration campaign to identify critical mineral deposits to ramp up domestic supplies and stem dependency on imports, Union Mines Minister G Kishan Reddy told ANI today in an interview. He also mentioned that the government has brought all major exploration bodies together to begin work across the country. "All the organisations related to exploration have come together and we have started exploration across the entire cou ...Read More >
Mumbai, Nov 13 (SocialNews.XYZ) Eighty-five per cent of Indian businesses - the highest among surveyed markets - see Saudi Arabia as a more attractive destination for trade and investment amidst global uncertainties, a report showed on Thursday. Moreover, 78 per cent of Indian businesses are planning to increase investments in Saudi Arabia in the next six months - representing the highest level of commitment among any market outside the Middle East, according to an HSBC report. Indian business ...Read More >
New Delhi [India] November 13 (ANI): The Union Cabinet's decision to amend royalty rates for key critical minerals may help attract more bidders in upcoming auctions, but the move will not deliver strategic gains unless India simultaneously builds domestic processing capacity, the Global Trade Research Initiative (GTRI) has cautioned. According to the think tank, the shift to a low 1-4 per cent ad-valorem royalty structure for minerals such as graphite, zirconium, rubidium and caesium is a welc ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin's price struggled to regain momentum last week, hovering just above the $100,000 threshold after a turbulent start to November. The entire market sentiment is somewhat fragile following heavy selling pressure from large holders, and on-chain data points to major whale movements that may be adding to the downtrend. High-profile entities, including the Winklevoss Twins' Gem ...Read More >
Mumbai, Oct 31 (SocialNews.XYZ) Actress Deepika Padukone, who has been a strong advocate for mental health awareness, reacted to cricketer Jemimah Rodrigues' recent revelation about battling anxiety. The 'Om Shanti Om' actress, known for openly sharing her own struggles with depression in the past, praised Jemimah for her honesty and courage in speaking up, highlighting the importance of conversations around mental well-being in sports and beyond. Taking to her Instagram Stories, Deepika Paduko ...Read More >
VMPL Bengaluru (Karnataka) [India], October 31: Scania Commercial Vehicles India Pvt. Ltd. today announced the appointment of GMMCO Limited, part of the CKA Birla Group, as its new authorized dealer partner for Northern, Eastern and Central India. This partnership marks a key milestone in Scania's renewed India growth strategy, reinforcing its commitment to strengthen regional coverage, enhance customer experience, and drive expansion across all business segments. Under this arrangement, GMMCO ...Read More >
Gandhinagar: Manoj Kumar Das, a 1990-batch IAS officer who is currently serving as additional chief secretary (ACS) to the chief minister, will take over as the state's next chief secretary on Oct 31. The state general administration department (GAD) issued a notification to this effect on Tuesday, putting an end to the speculation regarding a possible extension for outgoing chief secretary (CS) Pankaj Joshi. Das, 58, who holds a B Tech in Computer Science from IIT Kharagpur, specializes in reve ...Read More >
The company is increasing its stake in an Australian coking coal asset and acquiring a project in Mozambique. Domestically, JSW Steel is expanding iron ore mining in Karnataka and Goa. New mines are set to begin production soon. JSW Steel is ramping up efforts to enhance its in-house raw material availability through a mix of domestic expansion and strategic offshore acquisitions, Joint Managing Director and CEO Jayant Acharya has said. "We continue to strengthen that piece through a well-dive ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Zcash (ZEC) has exploded in value past $350, clearing its 2021 high and igniting a wave of renewed optimism across the digital assets ecosystem. A surge in demand tied to privacy, cross-chain integration and bold market calls are pushing ZEC into the spotlight. Related Reading: $10K Is Coming: Arthur Hayes' Zcash 'Vibe Check' Sparks 30% Moonshot Zcash's recent rally is nothing s ...Read More >
Bhubaneswar: Vigilance Awareness Week is being observed at Odisha Mining Corporation (OMC) from Monday on the theme "Vigilance: Our Shared Responsibility." Managing Director Sudhansu Mohan Samal administered the integrity pledge to employees at its head office in Bhubaneswar. The ceremony was also attended by Sabyasachi Mohanty, Director (Operations), Alok Kumar Pal, Director (HR), Bana Bihari Pani, Director (Finance) along with Chief Vigilance Officer D K Nanda, and senior officials. Employee ...Read More >
India's largest iron ore producer, NMDC, had previously reset the prices of the key raw material of steel on August 1 to ₹6,100 for Baila Lump and ₹5,250 for Baila Fines. State-owned miner NMDC has reduced iron ore prices by ₹550 per tonne of Baila Lump and by ₹500 for the same quantity of Fines effective October 22. Revising the prices after almost three months, the company said the new, per tonne price of Baila Lump is ₹5,550, while that of Baila Fines is ₹4,750. These are FOR pri ...Read More >
NCC Ltd has secured a significant Rs 6,828.94 crore order from Coal India's arm, Central Coalfields Ltd (CCL). The contract involves the extraction and transportation of coal and overburden from the Amrapali open-cast project in Jharkhand. This major deal will see NCC Ltd manage substantial volumes of overburden removal and coal extraction, with transportation to designated sidings and stockyards. NCC Ltd on Saturday said it has bagged a Rs 6,828.94 crore order from Coal India arm Central Coalf ...Read More >
The plan aims to boost domestic extraction of vital metals from batteries and gadgets. Industry experts believe technology acquisition and workforce development are crucial for realizing the plan's potential. Critical minerals recyclers are cautious about the prospects of the newly announced incentive plan for the sector. Players say the informal e-waste collection system and the lack of a supply chain can hinder the government's plan to establish a robust critical mineral extraction ecosystem ...Read More >
Infrastructure major Larsen & Toubro (L&T) has secured significant orders from Hindalco and Tata Steel. L&T will set up an 180 KTPA aluminium smelter and gas treatment centre for Hindalco's Odisha project, and a coke oven battery for Tata Steel in Jamshedpur. These wins highlight L&T's expertise in the minerals and metals sector. New Delhi, Infrastructure major Larsen & Toubro (L&T) on Friday said it has bagged an order from Hindalco to set up an aluminium smelter for its upcoming project in Od ...Read More >
New Delhi [India], October 24 (ANI): External Affairs Minister S Jaishankar on Friday extended greetings to Zambia on its Independence Day and affirmed the commitment to strengthening the time-tested partnership between New Delhi and Lusaka. In a post on X, he said, "Warm felicitations to FM Mulambo Haimbe, the Government and the people of Zambia on the occasion of their Independence. Committed to strengthening our time-tested partnership." India and Zambia have maintained warm and historicall ...Read More >
Vedanta Group plans a significant Rs 1 lakh crore investment in Odisha. This expansion will generate over one lakh direct and indirect employment opportunities for the state. The investment includes a new ferro-alloys plant and two aluminium parks. The Odisha government has pledged full support for these projects, including land and infrastructure. The Vedanta Group will invest an additional Rs 1 lakh crore in Odisha, creating over one lakh direct and indirect employment opportunities, official ...Read More >
New Delhi, Oct 24 (SocialNews.XYZ) The Ministry of Coal has handed over another three coal blocks to successful bidders, under the commercial auction route, for which the Coal Mine Development and Production Agreements were signed on August 21 this year, according to an official statement issued on Friday. The blocks for which vesting orders were issued on Thursday, include Rajgamar Dipside (Deavnara), Tangardihi North and Mahuagarhi. Among these, 2 blocks are partially explored and 1 block is ...Read More >
New Delhi [India], October 24 (ANI): External Affairs Minister S Jaishankar on Friday extended greetings to Zambia on its Independence Day and affirmed the commitment to strengthening the time-tested partnership between New Delhi and Lusaka. In a post on X, he said, "Warm felicitations to FM Mulambo Haimbe, the Government and the people of Zambia on the occasion of their Independence. Committed to strengthening our time-tested partnership." India and Zambia have maintained warm and historicall ...Read More >
Midwest share price: Midwest, India's largest Black Galaxy Granite producer, debuted on stock exchanges at a 9.4% premium, reflecting strong investor demand for its Rs 451 crore IPO. The company's integrated model, global reach, and robust financial performance, including significant revenue and profit growth, position it as a strong player in the natural stone sector. Shares of Midwest listed at a 9.4% premium at Rs 1,165 on both NSE and BSE on Friday. The Rs 451 crore IPO generated strong inv ...Read More >
Panaji: State govt has announced that it will engage a third party to evaluate the grade of freshly extracted iron ore at mines, aiming to collect accurate royalty and premium on the average sale price determined by the Indian Bureau of Mines (IBM). This decision comes as the directorate of mines and geology (DMG) currently lacks a laboratory to assess ore grades.Director of mines and geology, Narayan Gad, said the IBM fixes different prices for iron ore grades ranging from 45Fe to 51Fe. He adde ...Read More >
Bhubaneswar: In a major boost to Odisha's industrial growth, Vedanta Group chairman Anil Agarwal on Thursday met Odisha Chief Minister Mohan Charan Majhi at Lok Seva Bhawan and announced plans for large-scale investments in the state, including a Rs 2,000 crore ferro-alloy plant and two new aluminium parks. According to official sources, Vedanta will invest around Rs 1 lakh crore in Odisha over the coming years, creating over one lakh direct and indirect employment opportunities. The state gove ...Read More >
Hyderabad: Senior IAS officer Syed Ali Murtaza Rizvi, on Wednesday October 22 opted for voluntary retirement from service. The IAS officer had eight years of service remaining. Though Rizvi has not disclosed the reasons for his decision, speculation is rife that it was influenced by frequent transfers. He was shifted four times within two years. It is learnt that Rizvi plans to join the private sector after quitting civil service. The government approved his VRS on Wednesday, with effect from ...Read More >
A Dalit man in Madhya Pradesh's Gwalior alleged that he was kidnapped, assaulted and forced to drink urine by three men in Bhind district. According to the complaint, the victim, a Bolero driver by profession, had earlier worked for Bhind resident Sonu Barua. He had stopped driving recently and moved to his in-laws' home in Gwalior. The victim alleged that three days ago, Barua, along with Alok Pathak and Chhotu Ojha, arrived at his in-laws' house and forcibly took him away in a Bolero after he ...Read More >
New Delhi: State-owned NMDC on Wednesday said it has slashed prices of iron ore lump and its fines by Rs 550 and Rs 500 per tonne, respectively, with immediate effect. It has fixed the price of lump ore at Rs 5,550 per tonne and fines at Rs 4,750 a tonne, the country's largest iron ore miner said in a regulatory filing. Lump ores or high-grade iron ores contain 65.5 per cent iron content, while fines are inferior-grade ores with 64 per cent or less iron content. In the last price revision annou ...Read More >
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