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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 >
NEW DELHI: The department of financial services (DFS) in the finance ministry and govt's policy think tank Niti Aayog have no role in the investment decisions of LIC, and the investment guidelines of the state-owned company are governed by board-approved policies, officials said on Saturday, adding that the insurer's exposure to the Adani Group is far less than to other conglomerates. LIC's investment in the Tata Group is estimated at Rs 1.3 lakh crore, while the exposure to the Aditya Birla Gro ...Read More >
Mumbai, Oct 25 (SocialNews.XYZ) The holiday-truncated week saw festive-driven optimism and upbeat consumer sentiment as it welcomed the Samvat 2082. However, the momentum gradually lost its steam, as geopolitical tensions and profit-taking weighed on investors' confidence. Record festive sales underscored India's surge in consumer demand this season, powered by resilient household spending and GST-driven affordability. PSU banking stocks led the rally, buoyed by news of potential consolidation ...Read More >
Public sector enterprise Karnataka Soaps and Detergents Limited (KSDL) on Friday paid a dividend of over ₹135 crore to the state government from its profits for the financial year 2024-25. On behalf of the public limited company, Large and Medium Industries Minister M B Patil and KSDL Chairman Appaji Nadagouda presented the cheque to Chief Minister Siddaramaiah in Vidhana Soudha, officials said. Speaking on the occasion, Patil said that KSDL, which among others makes the popular Mysore Sandal ...Read More >
National Highway Authority of India will now display details of monthly and annual passes at toll plazas. This move aims to inform users about pass availability, rates, and procedures. Information will be visible on signage boards and also available on the Rajmargyatra mobile app. Commuters can benefit from local monthly passes for private vehicles within a 20 km radius. State-owned NHAI on Friday said it will display monthly and annual pass information at toll plazas for National Highway users ...Read More >
New Delhi: Indian refiners are likely to ramp up crude oil purchases from the Middle East, Latin America and the US to compensate for reduced imports from Russia, following Washington's sanctions on two major Russian producers, sources and analysts said. The US government, on October 22, imposed sanctions on Russia's two largest crude oil producers, Rosneft and Lukoil, barring all American entities and individuals from conducting business with them. Non-US firms could also face penalties if fou ...Read More >
NEW DELHI: The heavy industries ministry has asked states to secure land and install infrastructure that will enable the rapid deployment of 72,000 electric vehicle (EV) chargers across the country, two people aware of the development said. The push is part of a ₹2,000 crore incentive plan that states can avail funding from under the broader ₹10,900 crore PM E-Drive scheme. "Discussions with state governments have already begun," said one of the persons requesting anonymity. "The aim is to ush ...Read More >
New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million ...Read More >
NEW DELHI: Indian refiners are poised to sharply curtail imports of Russian oil to comply with new U.S. sanctions on two top Russian producers, industry sources said on Thursday, potentially removing a major hurdle to a trade deal with the United States. The change comes as India faces punishing 50% tariffs on its exports to the U.S. - with half of those duties in retaliation for Russian oil purchases - and negotiates a potential trade deal that could bring those tariffs in line with Asian peer ...Read More >
New Delhi, Oct 23 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd, India's biggest buyer of discounted Russian oil, plans to scale back imports of Russian crude oil following fresh US sanctions on Moscow-linked firms, sources said. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 mil ...Read More >
New Delhi, Oct 23 (PTI) US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Amban ...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 >
Prime Minister Narendra Modi is addressing NDTV World Summit and will speak about "Unstoppable Bharat: The Force of Now" at the Bharat Mandapam, a world-class convention centre in Delhi. The theme of the 2025 edition is 'Edge of the Unknown: Risk. Resolve. Renewal'. It is an invitation to confront uncertainty with imagination, to see resolve not as reaction but as deliberate intention, and to embrace renewal not as a return to the past but as the creation of futures yet to be defined. Here are ...Read More >
LONDON, Oct 20 (Reuters) - Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market. The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm. India has become a major trade buyer of Russian oil since Moscow's invasion of Ukraine in 2022. ...Read More >
Mumbai (Maharashtra) [India], October 20 (ANI): The Indian stock market on Monday ended in green territory after trading higher, driven by upbeat quarterly results from top lenders in the financial sector and a rebound in global risk appetite following signs of easing US-China trade tensions. At the end of the trading session today, BSE Sensex settled at 84,363.37, rising 411.18 points or 0.49 per cent while NSE Nifty50 stood at 25,843.15, up by 133.3 points or 0.52 per cent. In today's trade, ...Read More >
Our youth are continuously making breakthroughs in areas like Artificial Intelligence, Cyber Security, Robotics, Quantum Communication, and Space Technology. Defence Minister Rajnath Singh on Thursday said while some countries adopt protectionist policies and sometimes withhold information on disruptive technologies, India has successfully challenged these barriers and proved that a country can become self-reliant in any field if intentions are clear. India cannot depend on import of technolog ...Read More >
Mumbai, Oct 17 (PTI) Aircraft MRO services operator Haveus Aerotech on Friday announced its entry into the defence manufacturing sector and its listing as a subcontractor with a leading defence public sector enterprise. Under the new operational scope, Haveus Aerotech will undertake Assembly and Testing of Line Replaceable Units (LRUs) and Non-Destructive Testing (NDT) through insourcing and critical functions that play a key role in ensuring aerospace reliability, performance and safety, the s ...Read More >
New Delhi: A '1-rupee' storm is brewing in India's telecom sector. State-owned Bharat Sanchar Nigam Ltd's (BSNL) new 4G recharge plan for ₹1, seen as an attempt to draw new users to its long-awaited 4G network, has drawn fire from private telecom operators, who allege it violates regulatory rules, three people in the know said. The dispute revives memories of Reliance Jio's 2016 entry, when free offers upended the market and triggered years of tariff wars. Now, as Jio and Bharti Airtel dominate ...Read More >
Indian stock markets, Sensex and Nifty, recovered from an early dip on Friday. Foreign fund inflows and anticipation of US Federal Reserve rate cuts boosted investor sentiment. Asian Paints, Mahindra & Mahindra, and Bharti Airtel were among the top gainers. This rebound follows strong performance on Thursday, driven by positive economic outlook and global factors. Mumbai, Equity benchmark indices Sensex and Nifty bounced back after starting the trade on a weak note on Friday, helped by foreign ...Read More >
A Russian‑Indian joint venture has showcased the first design of a new high‑speed sleeper coach at the International Railway Equipment Exhibition in New Delhi. Kinet is a joint venture between Russian rolling stock companies and Indian government-owned Rail Vikas Nigam Limited (RVNL) for the manufacturing and maintenance of 120 Indian 'Vande Bharat' high-speed trains. The venture is expected to unveil the first prototype in June 2026, with manufacturing set to begin by the end of December, ...Read More >
Defence Minister Rajnath Singh on Friday attended the event marking the maiden flight of cat the Aircraft Manufacturing division, Hindustan Aeronautics Limited (HAL). The Defence Minister will also inaugurate the '3rd production line of LCA Mk1A' and '2nd production line of HTT-40 Aircraft'. Earlier, Defence Minister Rajnath Singh on Thursday praised Hindustan Aeronautics Limited (HAL) for setting an example in sustainable development with its new 'Mini Smart Township' project. Inaugurating th ...Read More >
New Delhi [India], October 18 (ANI): The Patiala house court on Saturday rejected the plea of Ashok Kumar Pal, CFO of Reliance Power, challenging his arrest in the money laundering case. The Enforcement Directorate has apprehended him in connection with this case. He is being held in judicial custody after undergoing ED interrogation. Special judge Kiran Gupta rejected the plea moved by Ashok Kumar Pal. Also Read | Diwali 2025 Bank Holidays: Banks To Remain Closed on These Dates in Fourth Week ...Read More >
India plans to invest approximately 654 billion rupees by 2035 for fighter jet engines, requiring around 1,100 units for ongoing programs. Efforts are underway to develop indigenous engines, with a Kaveri derivative eyed for unmanned vehicles. A co-developed 5th-gen stealth fighter engine is also in the works, attracting international interest. India expects to spend about 654 billion rupees ($7.44 billion) to buy engines for fighter aircraft that are under development until 2035, according to ...Read More >
Bengaluru: Days after demanding a ban on Rashtriya Swayamsevak Sangh (RSS) activities on govt premises, Priyank Kharge, rural development and panchayat raj minister, has again written to chief minister Siddaramaiah, urging him to ensure govt employees strictly follow service rules which bars them from participating in programmes or activities organised by RSS or similar organisations. In a letter dated Oct 13, Priyank cited Karnataka Civil Services (Conduct) Rules, which state: "No govt servant ...Read More >
New Delhi, Oct 17 (UNI) Prime Minister Narendra Modi today emphatically declared, "India won't stop, India won't halt," underscoring the country's unstoppable momentum amid remarkable economic growth and transformative reforms". Speaking at the NDTV World Summit, PM Modi expressed strong national confidence, stating, "India is not in the mood to stop today! We will neither pause nor slow down. 140 crore Indians will move forward together with full momentum." His remarks highlighted India's extr ...Read More >
Nashik: In a major relief for the Indian Air Force (IAF), the first Tejas-Mk1A fighter aircraft produced at the Nashik complex of Hindustan Aeronautics Limited (HAL) completed its maiden flight on Friday. Defence minister Rajnath Singh formally inaugurated the Light Combat Aircraft (LCA) and HTT-40 (trainer aircraft) assembly complexes at Nashik after which the advanced jet fighter and piston-engine trainer aircraft were wheeled out. The formal induction of Tejas-Mk1A into the IAF will depend ...Read More >
Nashik (Maharashtra) [India], October 17 (ANI): As the first LCA Mark 1A aircraft produced by the Nashik facility of the state-owned Hindustan Aeronautics Limited (HAL) took its maiden flight on Friday, HAL Chairman and Managing Director DK Sunil said that several countries have shown interest in buying the aircraft. Speaking to ANI on Thursday, Sunil said that the discussions with several nations are in a preliminary stage. Also Read | Bengaluru Horror: B-Tech Student Arrested for Raping Coll ...Read More >
New Delhi: India's crude oil imports from Russia strengthened in the first half of October, reversing a three-month slide in arrivals seen during July-September as refineries were back on full stream to meet festive demand, according to ship tracking data. Imports from Russia slid from over 2 million barrels per day in June to 1.6 million bpd in September. However, tanker-tracking data for early October suggest a rebound: shipments of Urals and other Russian grades to India have picked up pace ...Read More >
The first Light Combat Aircraft (LCA) Mark 1A produced by Hindustan Aeronautics Limited's (HAL) new Nashik facility will be showcased to Defence Minister Rajnath Singh on Friday, ANI reported. The state-owned aerospace major has set up a third production line at its Nashik unit in Maharashtra to fast-track deliveries of the Mark 1A fighter jets to the Indian Air Force (IAF). According to HAL officials, the new facility will enable the company to meet the delivery target of 180 LCA Mark 1A aircr ...Read More >
Nashik (Maharashtra) [India], October 17 (ANI): Defence Minister Rajnath Singh on Friday attended the event marking the maiden flight of cat the Aircraft Manufacturing division, Hindustan Aeronautics Limited (HAL). The Defence Minister will also inaugurate the '3rd production line of LCA Mk1A' and '2nd production line of HTT-40 Aircraft'. Earlier, Defence Minister Rajnath Singh on Thursday praised Hindustan Aeronautics Limited (HAL) for setting an example in sustainable development with its ne ...Read More >
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