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New Delhi, Nov 4 (SocialNews.XYZ) Union Steel and Heavy Industries Minister H.D. Kumaraswamy on Tuesday launched the third round of the production-linked incentive (PLI) scheme for specialty steel, according to an official statement issued on Tuesday. The Steel Ministry's PLI scheme has so far attracted a commitment for investment of Rs 43,874 crore, which is expected to create direct employment for 30,760 people and an estimated production of 14.3 million tonnes of specialty steel. As of Septe ...Read More >
New Delhi : Jindal (India) Limited, part of the prestigious B.C. Jindal Group and one of the leading downstream steel products manufacturers in India, has announced that it has secured orders worth Rs 110 Crore for Metal Beam Crash Barriers (MBCB), so far, in FY26. Additionally, orders worth Rs 120 crore are in the pipeline for the current financial year. The B.C. Jindal Group, promoted by Shyam Jindal, has bagged these contracts for MBCB production from Indian Railways and the National Highways ...Read More >
New Delhi: Steel Minister HD Kumaraswamy on Tuesday launched the third round of Production Linked Incentive (PLI) Scheme for speciality steel to attract investment in the sector, as part of the government's aim to boost domestic output and reduce imports. The minister launched the third round of the PLI scheme named 'PLI 1.2' for speciality steel at a function held here. The PLI scheme for speciality steel was approved by the Union Cabinet in July 2021 with an overall outlay of Rs 6,322 crore. ...Read More >
Prime Minister Narendra Modi visits Chhattisgarh on November 1. He will attend multiple events marking the state's 25th anniversary. The Prime Minister will inaugurate and lay the foundation stone for developmental projects exceeding ₹14,260 crore. These projects cover roads, industry, healthcare, and energy sectors. He will also participate in the Chhattisgarh Rajat Mahotsav. Prime Minister Narendra Modi will visit Chhattisgarh on November 1 (Saturday), where he is set to attend multiple even ...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 >
New Delhi, Oct 31 (PTI) Prime Minister Narendra Modi will visit Chhattisgarh on Saturday to celebrate the 25th anniversary of the formation of the state and unveil development projects worth over Rs 14,000 crore spanning healthcare, infrastructure and energy. He will begin his visit with an interaction with 2,500 children who were successfully treated for congenital heart diseases as part of the 'Dil ki Baat' programme at the Sri Sathya Sai Sanjeevani Hospital, Nava Raipur Atal Nagar. The prim ...Read More >
India and the European Union are advancing free trade agreement negotiations. Key tariff issues are seeing good progress. An EU delegation will visit New Delhi soon to finalize technical tariff discussions. Both sides aim for a robust and balanced agreement. This pact is expected to bring the economies closer and foster mutual benefits. Commerce and industry minister Piyush Goyal Tuesday said his talks with the EU have "significantly reduced our outstanding issues" and laid the foundation for a ...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 >
New Delhi: After a gap of about three years, Russia is back among India's top five sources of steel, as Western sanctions force Moscow to reroute exports to Asia. The discounted shipments underscore the stress on Russian exports and India's rising demand for electrical steel used in transformers and electric motors. India imported the highest quantum of electrical sheets -- a kind of speciality steel -- from China, followed by Russia, for the six months ended September, steel ministry data show ...Read More >
New Delhi [India], October 27: Air Liquide announces today that it has entered into an agreement to acquire the India operations of NovaAir, a leading industrial gas producer and supplier, from PAG, an Asia-focused private equity firm. This acquisition represents another investment for the Group in the country and a strategic milestone in its Indian growth story. Also Read | Nothing OS 4.0 Beta Rolls Out for Phone 3a Pro and Phone 3a Models; Check Details on Visual Upgrades, Lock Glimpse Featur ...Read More >
NEW DELHI, Oct 26: Commerce Minister Piyush Goyal will visit Brussels on October 27-28 to advance India-EU Free Trade Agreement (FTA) negotiations, meeting EU Trade Commissioner Maros Sefcovic. The visit aims to provide political impetus and strategic guidance as both sides work to conclude a comprehensive trade pact by December. Talks will focus on market access, non-tariff measures, regulatory cooperation, and areas needing convergence. This follows the 14th round of negotiations and prior d ...Read More >
India and the EU will discuss key areas of the proposed free trade agreement (FTA) including market access, non-tariff measures and regulatory cooperation, during commerce and industry minister Piyush Goyal's visit to Brussels on October 27-28. Goyal will hold high-level discussions with Maroš Šefčovič, Executive Vice-President and European Commissioner for Trade of the EU. "The visit will also serve to review progress achieved so far and to identify areas requiring further convergence," the ...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 >
NEW DELHI: Indian Prime Minister Narendra Modi may be a no-show at the Oct 26-28 Asean summit, but progress in the review of the Asean-India Trade in Goods Agreement could lead to a much-needed boost in trade after negotiations hit a rough patch earlier in 2025. External Affairs Minister S. Jaishankar will represent India at the East Asia Summit in Kuala Lumpur, while Modi is on the campaign trail in Bihar state ahead of elections. But the Prime Minister, underlining the importance attached to ...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 >
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 >
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 >
Minister Lokesh Naidu, who is on a seven-day visit there, says Australian govt may ease restrictions on import of prawns. Andhra Pradesh, where the shrimp industry has been hit by US President Donald Trump's tariffs, is looking to Australia as an alternative market. During a seven-day tour of the country, N Lokesh Naidu, the state's IT and HRD Minister and the son of CM Chandrababu Naidu, said the Australian government may ease restrictions on the import of prawns. Lokesh said that a long-stan ...Read More >
NewsVoir Chennai (Tamil Nadu) [India], October 23: Renowned for trust and design excellence, DRA Homes, the fast-emerging Indian real estate pride brand from Chennai, today announced the launch of DRA iHEART - Chennai's first branded sea-view residences in Navalur on OMR. Spanning 3.42 acres with 271 thoughtfully designed homes along the main road, iHEART sets a new standard in living. The project integrates over 650 carefully selected premium-standard products - from foundation materials such ...Read More >
New Delhi [India], October 22 (ANI): Following the grand Diwali celebrations, businesses and traders across India now gear up for Bhai Dooj, Chhath and Tulsi Vivah for business prospects. Then comes the long wedding season, bringing renewed optimism. Following the Diwali festivities, Govardhan Puja is being celebrated today with great fervour across the country. Devotees offer 56 delicacies to Lord Krishna and perform rituals by creating replicas of Govardhan Hill using cow dung. Preparations ...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 >
The Ministry said that any company or association having issues related to import of steel may send their request on the above e-mail to get confirmed time-slots by 11:00 am of October 24. Ministry of Steel announced on Wednesday that it will conduct an Open House to discuss issues related to the import of steel on October 27 at Udyog Bhavan's Steel Room in the national capital. Companies and associations may present their issues related to steel imports in the Open House, the Steel Ministry s ...Read More >
New Delhi, Oct 22 (SocialNews.XYZ) Ministry of Steel announced on Wednesday that it will conduct an Open House to discuss issues related to the import of steel on October 27 at Udyog Bhavan's Steel Room in the national capital. Companies and associations may present their issues related to steel imports in the Open House, the Steel Ministry said in a statement. The Open House will be conducted from 12:00 noon to 6:00 pm and specific time slots will be indicated via e-mail. Walk-ins will not be ...Read More >
NEW DELHI: Growth in the key core sector slowed to a three-month low in Sept, dragged down by a contraction in output in four of the eight segments. Data released by the commerce and industry ministry on Tuesday showed the eight core sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity rose an annual 3% in Sept, slower than the 6.5% in Aug but a tad higher than 2.4% in Sept last year. Growth in April-Sept was at 2.9%, slower than the 4.3% recorde ...Read More >
New Delhi, Oct 21 (PTI) India's eight key infrastructure sectors' output stood at 3 per cent in September, slower than the 6.5 per cent expansion recorded in August, according to official data released on Tuesday. The core sectors' output growth was 2.4 per cent in September last year. In September this year, these eight sectors recorded the lowest growth in the last three months due to a fall in the output of coal, crude oil, refinery products and natural gas. The growth rate in the producti ...Read More >
Bengaluru: Riding on the success of the electric two- and three-wheeler revolution, Karnataka is now accelerating efforts to electrify heavy vehicles, particularly buses and trucks. The govt is preparing to submit a detailed proposal under the Centre's PM E-Drive scheme to establish 1,500 high-capacity EV charging stations across the state, each supporting fast charging in the 60kW to 240kW range -- sufficient to power heavy vehicles for long-distance operations.The move marks the next phase in ...Read More >
Dhanteras trade in India is expected to surge past Rs 1 lakh crore. Gold and silver sales alone could reach over Rs 60,000 crore nationwide. Consumers bought gold, silver, utensils, electronics, and vehicles. Delhi's bullion markets saw a 25 percent rise in sales compared to last year. Reductions in GST rates and the 'Swadeshi Aapnao' campaign boosted festive trade. The Confederation of All India Traders (CAIT) has estimated that trade across India on the occasion of Dhanteras is expected to cr ...Read More >
A 72-year-old Mumbai businessman was allegedly duped of Rs 58 crore in a 'digital arrest' scam, one of the largest such cyber frauds reported involving an individual. Fraudsters posing as ED and CBI officials intimidated him and his wife via video calls, claiming he was involved in a money laundering case, and pressured him to transfer money to multiple bank accounts over two months. A 72-year-old businessman in Mumbai has allegedly been duped of a staggering Rs 58 crore in a 'digital arrest' s ...Read More >
Bengaluru - A boardroom shake-up in Indian conglomerate Tata Group in early October threatened to destabilise the tea-to-semiconductors business house, prompting the government to intervene. The government was so worried about the situation at the organisation - which accounts for an estimated 4 per cent of India's gross domestic product - that Home Minister Amit Shah and Finance Minister Nirmala Sitharaman met some of Tata's top leaders in a closed-door meeting in Delhi on Oct 7. The unpreced ...Read More >
Two of the emerging-market giants hardest hit by President Donald Trump's trade wars are deepening their ties in response, betting that a united front will help them endure the US broadsides and find new markets to skirt tariffs. Most Read from Bloomberg Government officials and business executives from Brazil and India are converging this week in New Delhi, seeking to forge new relationships and triple the countries' $12 billion trade partnership as economists warn that Trump's policies could ...Read More >
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