India’s iron ore industry is witnessing strong momentum, and according to Vedanta Group Chairman Anil Agarwal, the country could soon overtake Brazil and China to become the world’s second-largest iron ore producer. The statement comes at a time when India’s iron ore output continues to show steady growth, thanks to its vast reserves and rising global demand. …
In a key development for India’s steel industry, ArcelorMittal Nippon Steel India (AM/NS India) has withdrawn its plea in the Delhi High Court after receiving the central government’s approval to import metallurgical coke, commonly known as met coke. This marks the end of a legal tussle that had sparked debate around trade restrictions and industry …
In a recent enforcement report published by the US Food and Drug Administration (USFDA), three major Indian drugmakers Glenmark, Sun Pharma, and Zydus have voluntarily initiated recalls of various medications in the US due to concerns over production quality and regulatory non-compliance. Glenmark Recalls Over 25 Products Glenmark Pharmaceuticals is recalling more than 25 pharmaceutical products …
India’s semiconductor industry is all set for a major leap, with end-demand revenues expected to reach ₹9.3 lakh crore (US$ 108 billion) by 2030. According to a recent UBS report, this growth will be driven by strong electronics demand, favourable policies, and the country’s growing digital economy. Rapid Growth Expected by 2030 India’s semiconductor demand …
The Nifty Financial Services Index, also known as FINNIFTY, is a benchmark designed to capture the performance of India’s dynamic financial sector. It includes 20 major stocks across various segments such as banks, financial institutions, housing finance, insurance, and other financial services. Introduced by the National Stock Exchange (NSE), the index uses the free-float market …
In a move aimed at safeguarding the financial interests of retired government employees, the Reserve Bank of India (RBI) has issued a circular directing banks to pay 8% annual interest on any delayed pension payments. This directive seeks to ensure timely disbursement and eliminate the need for pensioners to initiate compensation claims. Automatic Compensation and …
Bajaj Allianz Life Insurance has launched a new term insurance policy exclusively for women, named the Superwoman Term (SWT) plan. The policy combines standard term coverage with add-on features focused on women’s health and child care. Coverage The plan includes a critical illness rider that covers 60 illnesses, including specific conditions like breast, cervix, and …
The Telangana government has launched the Rajiv Yuva Vikasam Scheme 2025 to support self-employment among youth from disadvantaged backgrounds. The scheme offers concessional loans of up to ₹4 lakh for eligible individuals to start small businesses across sectors. Loan Amount and Target Groups The scheme is aimed at members of Scheduled Castes (SC), Scheduled Tribes …
The Odisha government has announced a 2% increase in Dearness Allowance (DA) for state government employees and pensioners. The revised rate takes the DA from 53% to 55% and will be implemented retrospectively from January 1, 2025. According to the state’s official communication, the revised DA and the corresponding Temporary Increase (TI) for pensioners will …
The U.S. administration has issued updated guidance exempting smartphones, computers, and key tech components from new reciprocal tariffs. The notice, released by U.S. Customs and Border Protection on Friday, comes after President Donald Trump had earlier imposed a 145% tariff on Chinese imports, raising concerns across the technology sector. Products Covered Under the Exemption According …
