Following the disruption in the supply of rare earth or permanent magnets after China’s notification on April 4, the mines ministry is planning to introduce a Rs 1,500 crore incentive scheme to recycle critical minerals, according to a top official.
Equity benchmark indices Sensex and Nifty tumbled nearly 1 per cent on Friday as weak global markets and a spike in Brent crude oil prices after Israel attacked Iran’s capital weighed on investor sentiment. Photograph: Francis Mascarenhas Falling for the
Inventories of rare earth magnets used in critical automotive components — particularly electric vehicle (EV) traction motors and power steering systems — could run dry by mid-July this year, according to rating agency Icra. IMAGE: Workers transport soil containing rare
India’s forex reserves increased by $5.17 billion to $696.65 billion for the week ended June 6, the RBI said on Friday. Illustration: Dado Ruvic/Reuters The overall reserves had dropped by $1.24 billion to $691.49 billion for the week ended May
Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Oscar/Pixabay.com Shine Jacob and Sohini Das With global automobile majors raising concern over rare earth elements and the magnet crisis owing to export curbs by China,
The crash has dealt a blow to the conglomerate’s efforts to turn around Air India, especially following its merger with Vistara in 2024. IMAGE: A view of Tata Group headquarters Bombay House in Mumbai. Photograph: ANI Photo Grief hung
Investors’ wealth eroded by Rs 5.98 lakh crore on Thursday, tracking weak trends in equities where the BSE Sensex tumbled 1 per cent. Photograph: Francis Mascarenhas/Reuters Benchmark indices Sensex and Nifty declined 1 per cent in tandem with weak global
Retail inflation dipped to an over six-year low of 2.82 per cent in May due to subdued food prices, remaining below the RBI’s median target of 4 per cent for the fourth consecutive month, according to government data released on
‘Many global investors have been overweight on dollar assets, so some diversification or hedging is naturally expected.’ Illustration: Dado Ruvic/Reuters Merger & acquisition (M&A) in India this year is expected to be robust, driven by consolidation, while private-equity interest remains
However, under several external factors — such as technological disruption or advancement, regulatory or policy changes, or economic shocks — the gig workforce may grow only to 32.5 million by 2047, a report points out. Kindly note the image has
