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Indian Railways launched the Amrit Bharat Express connecting Dhanbad and Pottanur, enhancing travel between East and South India. The train features modern amenities and stops at major stations, benefiting commuters, students, and tourists. In a move aimed at making long-distance travel more convenient, the Indian Railways is set to introduce a new train service connecting eastern and southern parts of the country. According to reports, the Amrit Bharat Express, equipped with several modern fac ...Read More >
Chennai: The United States Trade Representative has initiated investigations under Section 301 of the Trade Act of 1974, on excess capacity and production in certain manufacturing sectors in India. These sectors include textiles, health, construction goods, and automotive goods. The probe can lead to new tariffs and complicate the trade deal talks. The USTR has initiated investigations under Section 301against 16 countries and economic blocs, including India. The investigation pertains to the a ...Read More >
Punjab Chief Minister Bhagwant Mann on Monday announced the launch of the 'Meri Rasoi' scheme, under which the state government will provide essential food kits to 40 lakh families registered under the National Food Security Act. Mann made the announcement while addressing the media after chairing a cabinet meeting. He said the initiative aims to ensure that children from poor families receive adequate nutrition. He said that the state government already provides subsidised wheat to beneficiar ...Read More >
Bhubaneswar: Leader of Opposition Naveen Patnaik came down heavily on the Mohan Majhi government following Governor Hari Babu Kambhampati's address on the first day of the budget session of the Odisha Assembly on Tuesday. "The honourable governor's speech was long on words but short on action," he told reporters, noting that the government could be described as being "short on work". Responding to incidents of mob lynching across the state, Naveen said the law and order situation under the BJP ...Read More >
Bhubaneswar, Feb 17 (PTI) Legislators of opposition BJD and Congress staged a walkout from the Odisha Assembly on Tuesday during the address of Governor Hari Babu Kambhampati, who called the state the nation's "growth engine". The opposition MLAs claimed there was no coherence between the governor's claim and the ground reality. The Budget session began with the singing of the national anthem and song, with the opposition bench cooperating for around an hour. However, Congress and BJD members ...Read More >
Synopsis: Shares of this small cap stock surged 8% after Q3 results showed 60% QoQ net profit growth and revenue above Rs. 1,000 cr for the second consecutive quarter, driven by operational efficiency, 4PRO contracts, and automation initiatives. The shares of this company are in the business of manufacturing and marketing special refractory products, systems, and services to the steel industry in India and globally are in the spotlight after it rose by 8% following Q3 results with a 60 percent ...Read More >
New Delhi: The India-Oman Free Trade Agreement (FTA) opens significant opportunities across sectors including textiles, food processing, automobiles, gems and jewellery, agrochemicals, renewable energy and auto components, commerce and industry minister Piyush Goyal said on Wednesday while addressing the India-Oman Business Forum in Muscat. The pact will be signed in the presence of Prime Minister Narendra Modi on Thursday in Oman. "The sky is the limit in terms of potential, particularly with ...Read More >
The demerger is designed to create independent, sector-focused companies with their own balance sheets and leadership teams. Management believes that this will allow each business to pursue tailored growth strategies, attract specialised investors and be valued more accurately by the market. The approval by National Company Law Tribunal (NCLT) of Vedanta Ltd's long-awaited demerger plan on Tuesday, marks a defining moment for one of India's largest natural resources conglomerates. The tribunal' ...Read More >
New Delhi, Dec 17 (PTI) Coal Minister G Kishan Reddy on Wednesday urged all stakeholders, including the private sector and state governments, to forge strong partnerships to attain self-reliance in coal production and significantly reduce imports. The statement assumes significance in the wake of the country's ongoing push to secure energy supplies amid rising demand from power, steel, and cement sectors. During the launch of India Chapter of FutureCoal, the global alliance for sustainable coa ...Read More >
PM Modi is in Oman for a 2-day visit marking 70 years of India-Oman ties. The trip's central focus is the Comprehensive Economic Partnership Agreement (CEPA), a trade pact expected to double bilateral trade and boost energy and food security. In the third and final leg of his three-nation visit, Prime Minister Narendra Modi will visit Oman on December 17-18. This trip, which marks 70 years since the establishment of diplomatic ties between India and Oman, focuses on strengthening business and s ...Read More >
Muscat - Indian business leaders and representatives of industry chambers have underlined the growing depth of India-Oman economic relations and pointed to significant growth opportunities across multiple sectors as Prime Minister Narendra Modi visits Oman on December 17-18. In a report published by ANI, Naveen Jindal, Chairman of Jindal Steel, said the Prime Minister Modi's visit has generated widespread enthusiasm in the sultanate. "This is a very big moment that India's Prime Minister, Nare ...Read More >
New Delhi, Dec 17 (PTI) The domestic steel demand is estimated to grow by around 8 per cent in FY26, but softer steel prices will keep margins under pressure for producers, rating agency ICRA said on Wednesday. In a report, Icra projected the industry's operating margin to remain flat at about 12.5 per cent in FY26, lower than earlier expectations of an improvement. "While we project steel demand growth to remain healthy at 8 per cent for FY26, incremental supply has created a temporary surplu ...Read More >
MUMBAI : ArcelorMittal Nippon Steel India Ltd (AMNS India) has set an ambitious expansion roadmap for the rest of the decade, targeting 25-26 million tonnes of steelmaking capacity by 2030, its chief executive Dilip Oommen said in an interview. "By 2030, we will have at least 25-26 million tonnes. It could be a little more or less. It's simple math: Hazira plus Rajayepeta," he said. The 60:40 joint venture between Lakshmi Mittal-led ArcelorMittal and Japan's Nippon Steel, which has a capacity ...Read More >
New Delhi, [India] December 17 (ANI): Domestic steel demand is expected to remain healthy at around 8 per cent in FY2026; however, continued weakness in steel prices is likely to keep operating margins of steel producers under pressure, according to a report by rating agency ICRA. The report says, the operating environment for domestic steelmakers will remain challenging over the coming quarters amid subdued steel prices, stable but sticky input costs, and an unfavourable global environment. Th ...Read More >
CHENNAI: Vedanta Ltd on Tuesday received a crucial legal clearance from the Mumbai bench of the National Company Law Tribunal, paving the way for the breakup of the diversified oil-to-metals conglomerate into five separate businesses, the company confirmed in a clarification sought by stock exchanges. The approval marks a major milestone in a restructuring exercise that the company has pursued for over two years, aimed at simplifying its corporate structure and sharpening the strategic focus of ...Read More >
Mumbai, Dec 16 (PTI) The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for splitting the group into sector-specific entities across aluminium, oil and gas, power, and iron and steel. "The sanction to the company scheme is granted," the Mumbai bench of the tribunal, composed of Charanjeet Singh Gulati and Nilesh Sharma, said. NCLT had reserved the order after hearing the matter in November. Vedanta welcomed the NCLT order pronounced on Tuesd ...Read More >
Mumbai: The long legal wait around Vedanta's demerger has finally ended. The Mumbai bench of the National Company Law Tribunal (NCLT) has approved Vedanta Limited's demerger scheme, giving a major boost to the company and its shareholders. With this approval, Vedanta can now move ahead with plans to split its businesses into separate listed companies. All key approvals from shareholders, creditors, and SEBI had already been received earlier. The NCLT clearance was the last major regulatory hurd ...Read More >
Mumbai, Dec 16 (PTI) The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for the splitting of the metals-to-oil conglomerate sector-specific entities across aluminium, oil and gas, power, and iron and steel. "The sanction to the company scheme is granted," the Mumbai bench of the tribunal, comprising Charanjeet Singh Gulati and Nilesh Sharma said. NCLT had reserved the order after hearing the matter on November 12. The Ministry of Petroleum a ...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 >
New Delhi: City gas distributors are finding it increasingly difficult to acquire new industrial and commercial customers as natural gas remains costlier than competing liquid fuels. In the first half of this financial year, new factory connections fell 39% year-on-year, while additions in the commercial segment declined 17%, according to data published by the Petroleum and Natural Gas Regulatory Board. City gas companies added only 555 new industrial customers and 1,599 commercial customers du ...Read More >
New Delhi, Dec 15 (SocialNews.XYZ) As Prime Minister Narendra Modi embarked on a three-nation visit to Jordan, Ethiopia and Oman on Monday, bolstering economic and trade ties is among the key agenda items of his visit. PM Modi's visit is expected to open far-reaching opportunities to enhance the country's economic footprint across West Asia and Africa. Last week, the Union Cabinet, chaired by the Prime Minister, approved the proposed Free Trade Agreement (FTA) between India and Oman, aimed at ...Read More >
New Delhi, Nov 20 (PTI) Parents and friends of a Class 10 student who ended his life over alleged mental harassment by some teachers staged a protest outside the St Columba's school on Thursday, demanding strict action against the accused teachers and accountability from the private school. There was no immediate reaction from the school administration to the allegations. The victim student's aunt claimed the family had been unaware of the extent of his suffering. "He was depressed for so lon ...Read More >
Bhubaneswar: Union Minister for Steel and Heavy Industries H D Kumaraswamy on Thursday inaugurated a two-day workshop (Chintan Shivir) in Bhubaneswar for an intensive dialogue on the future of India's steel industry. In his address, Kumaraswamy expressed gratitude to Prime Minister Shri Narendra Modi for his strategic leadership, guiding the domestic steel industry on a path of resilience and growth. He underlined the pivotal role of the steel sector in nation-building and reiterated the govern ...Read More >
Ranchi, Nov 20 (PTI) SAIL's Bokaro steel plant on Thursday said it has signed a licencing agreement with DRDO's Defence Metallurgical Research Laboratory (DMRL) for transfer of technology. By this pact, Bokaro steel plant will utilise the technology to manufacture special steel used in defence applications. "By this agreement, DRDO grants a non-inclusive licence to utilise the technology for the manufacture of DMR 249A steel sheets for naval applications in India and sell to Indian armed force ...Read More >
Earlier this year, SAIL had announced ambitious plans to more than double the plant's capacity from its current level to around 9 million tonnes per annum (MTPA). Union minister H D Kumaraswamy on Tuesday inaugurated a modern steel-making facility at SAIL's Rourkela Steel Plant (RSP), and underscored the project's importance for the region's socio-economic development. The Union Minister of Steel and Heavy Industries was accompanied by Jual Oram, the Union Minister of Tribal Affairs, on his tw ...Read More >
PNNMumbai (Maharashtra) [India], November 17: Tejas Cargo India Limited (NSE - TEJASCARGO), one of the leading logistics service providers with a strong national footprint, has announced its Unaudited Financial Results for H1 FY26.H1 FY26 Consolidated Key Financial HighlightsTotal Income of ₹ 306.00 Cr, YoY growth of 19.96%EBITDA of ₹ 47.78 Cr, YoY growth of 4.87%EBITDA Margin (%) of 15.61%, YoY decline of 225 BPSNet Profit of ₹ 12.60 Cr, YoY growth of 44.11%Net Profit Margin (%) of 4.12%, ...Read More >
Gandhinagar (Gujarat) [India], November 17: Trom Industries Limited (NSE- TROM | INE0SYV01018), a trusted solar EPC company, delivers clean, reliable, and cost-effective energy solutions across residential, commercial, and industrial projects. It has announced its Unaudited financial results for H1 FY26. Also Read | Galaxy Buds 4 Pro Leaked Animations Reveal New Features and Design Ahead of Expected 2026 Launch Alongside Samsung Galaxy S26 Series. H1 FY26 Key Financial Highlights* Total Income ...Read More >
New Delhi, Nov 7 (SocialNews.XYZ) India and the European Union (EU) had a week-long discussion as part of the ongoing effort for a comprehensive and balanced trade agreement, the Ministry of Commerce and Industry said on Friday. A team of negotiators from the EU visited India to have a comprehensive discussion on the proposed free-trade agreement (FTA). "A senior team of negotiators from the European Union (EU) visited New Delhi from November 3 to 7, 2025, for negotiations with Indian counterp ...Read More >
New Delhi [India], November 7 (ANI): India and the European Union (EU) made significant progress in the ongoing Free Trade Agreement (FTA) negotiations during a week-long round of discussions held in the national capital, according to an official release on Friday. According to a release issued by the Ministry of Commerce and Industry, the negotiations took place from November 3 to November 7, with a senior EU negotiating team visiting India to engage with their Indian counterparts in advancing ...Read More >
New Delhi, Nov 7 (SocialNews.XYZ) India and the European Union (EU) had a week-long discussion as part of the ongoing effort for a comprehensive and balanced trade agreement, the Ministry of Commerce and Industry said on Friday. A team of negotiators from the EU visited India to have a comprehensive discussion on the proposed free-trade agreement (FTA). "A senior team of negotiators from the European Union (EU) visited New Delhi from November 3 to 7, 2025, for negotiations with Indian counterp ...Read More >
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