New Delhi, July 13 – India and Iceland may be far apart, but both nations share a strong spirit of innovation and a desire to create a better future, said Hardeep Singh Puri, India’s Minister of Petroleum and Natural Gas. After completing his visit to Iceland, Puri shared on social media that the trip was…
Mumbai, July 13 – The coming week is important for the Indian stock markets. Many big events are expected, including company earnings reports, inflation data, and updates on the US-India trade deal. Several major companies will report their April-June (Q1) results. These include HCL Tech, Wipro, Axis Bank, JSW Steel, HDFC Life, ITC Hotels, Indian…
Namibia’s mining industry earned 51.4 billion Namibian dollars (around 2.89 billion USD) in 2024, showing a small drop of 0.4% compared to the previous year, mainly due to lower diamond mining revenue. This information was shared in the 2024 Annual Review by the Chamber of Mines of Namibia, released on Friday. Veston Malango, CEO of…
The Indian government plans to give ₹1,345 crore in subsidies to companies making Rare Earth magnets in India, Union Minister H.D. Kumaraswamy said on Friday. The subsidy scheme is currently under inter-ministerial discussion. It aims to support at least two manufacturers, but this number may change later. Kamran Rizvi, Secretary of the Ministry of Heavy…
Indian stock markets closed lower on Friday due to rising global trade tensions and weak earnings from Tata Consultancy Services (TCS). The Sensex fell by 690 points (0.83%) to 82,500.47, while the Nifty dropped 205 points (0.81%) to 25,149.85. Investor confidence was hurt after US President Donald Trump announced new 35% tariffs on Canadian imports,…
Indian investors increased their investments in US stocks between April and June this year, even though the US market was very unstable, a new report said on Friday. In April, the S&P 500 fell 13 per cent after President Donald Trump announced new tariffs on ‘Liberation Day’. This caused major panic, but by mid-May, the…
The Ministry of Electronics and IT (MeitY) announced that SEMICON India 2025 will show how India is becoming a trusted and strong hub for semiconductors and microelectronics. The event will take place from September 2 to 4 at Yashobhoomi in New Delhi. SEMICON India 2025 is jointly organised by the India Semiconductor Mission (ISM) and…
Gautam Adani, Chairman of the Adani Group, announced on Friday that his company will invest nearly $100 billion over the next five years. He said this is the biggest investment plan ever by India’s private sector and will help support the dreams of 1.4 billion Indians. Speaking at a doctors’ conference in Mumbai, Adani said…
Vedanta shares dropped over 7% on Wednesday after US-based short-seller Viceroy Research released a report calling the company similar to a “Ponzi scheme”. Vedanta strongly denied these claims. The report said Vedanta’s structure is financially weak and risky for lenders. It alleged that Vedanta Resources, which owns Vedanta Ltd., depends on taking money from its…
India is preparing to explore over 250,000 square kilometers for oil and gas under its latest licensing round (OALP Round X). Petroleum Minister Hardeep Singh Puri announced this in Norway, calling it a major step in energy exploration. Puri said Prime Minister Modi’s decision to remove restrictions on exploration areas will boost India’s energy growth….
