G Kishan Reddy (File photo) Union coal and mines minister G Kishan Reddy on Sunday said coal gasification will play a critical role in enhancing India’s energy security, reducing import dependence and supporting industrial growth.The renewed push has gained urgency amid the ongoing Middle East conflict, which has led to a surge in global energy…
Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group‘s bid for acquiring Jaiprakash Associates Ltd for Rs 14,535 crore. Anil Agarwal-led Vedanta Group was in the race to acquire Jaiprakash Associates Ltd (JAL) through an insolvency process, but the lenders in November last year…
The Securities and Exchange Board of India (Sebi) board will meet on Monday to deliberate on a wide-ranging agenda that includes a proposal to ease fund settlement norms for foreign portfolio investors (FPIs) and changes to regulatory frameworks governing market intermediaries, people familiar with the matter told news agency PTI.A key proposal before the board…
Precious metal prices may stabilise and witness a mild recovery next week after a steep correction, although the upside could remain capped due to elevated interest rates and a firm US dollar, analysts said.Market participants are expected to track key macroeconomic indicators, including provisional manufacturing and services PMI readings from the US, UK and Japan,…
Sri Lanka on Sunday raised fuel prices by around 25 per cent, marking the second increase within a week as the ongoing Middle East conflict continues to disrupt global energy markets, news agency PTI reported.The price revision, effective from midnight, comes as tensions triggered by joint US–Israel strikes on Iran and retaliatory action by Tehran…
The government has stepped up efforts to streamline gas distribution and ease supply pressures, directing faster processing of city gas projects while increasing allocations of commercial LPG to key sectors amid a challenging geopolitical environment.The Petroleum and Explosives Safety Organisation (PESO) has instructed its offices to dispose of City Gas Distribution (CGD) applications within 10…
Last week’s bloodbath at the Dalal Street erroded the market capitalisation of five of the top-10 most-valued firms by over Rs 1 lakh crore. The broader equity benchmarks also ended on a muted note. The BSE Sensex slipped by 30.96 points, or 0.04%, while the NSE Nifty declined 36.6 points, or 0.15%, reflecting a largely…
The government will launch the seventh tranche of auctions for critical and strategic minerals on Monday, putting 19 blocks on offer across multiple states as part of efforts to strengthen domestic resource security.The move comes as India seeks to boost self-reliance in clean energy, advanced technologies, fertilisers and other strategic sectors amid global supply-chain disruptions,…
Foreign investors have turned cautious on Indian equities this month, pulling out Rs 88,180 crore so far as rising global tensions, a weakening rupee and high oil prices dent sentiment. The sharp outflow comes just weeks after a strong February, when foreign portfolio investors (FPIs) had pumped in Rs 22,615 crore, the highest in 17…
The Middle East crisis has entered its fourth week and the impact might spill across some Indian industries too. Smartphone market is beginning to feel the strain, with analysts cutting shipment forecasts again as the conflict starts to impact both demand and supply. Research firms have lowered their projections for 2026, pointing to a tougher…