India

Critical minerals push: India to make rare earth magnets in Hyderabad; G Kishan Reddy says move to cut China reliance

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India will begin domestic production of rare earth magnets in Hyderabad in a bid to reduce reliance on Chinese imports and strengthen its position in critical technology manufacturing, Union Coal and Mines minister G Kishan Reddy said on Saturday.Speaking to ANI, Reddy said the Centre has tasked the National Institute for Transforming Science and Materials … Read more

Air India plane crash: What are the fuel control switches under scrutiny? What they do and why they matter

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Air India plane crash: The preliminary report on the Air India Flight AI171 crash has found that both engines of the Boeing 787-8 Dreamliner lost power just three seconds after takeoff from Ahmedabad due to a brief but sudden cutoff in fuel supply. The unexpected engine shutdown led to the accident that killed 260 people, … Read more

Air India plane crash: Boeing says it ‘continues to support probe’; after AAIB releases preliminary report outlining final moments

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NEW DELHI: Boeing on Saturday said it continues “to support the investigation” into the Air India Flight AI171 crash, shortly after the Aircraft Accident Investigation Bureau (AAIB) released its preliminary report on the June 12 tragedy in Ahmedabad.“Our thoughts remain with the loved ones of the passengers and crew on board Air India Flight 171, … Read more

India-US trade deal: Donald Trump administration may cut tariff to below 20%; putting India in favourable position against other countries

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India-US trade deal: United States is working toward an interim trade agreement with India that could reduce proposed tariffs to below 20%. This would give India a more favourable position compared to other countries in the region.Unlike many nations, India is not expected to receive a formal tariff hike notice this week, and the agreement … Read more

Tesla’s 1st India showroom opens next week

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Tesla will open its first showroom in India on Tuesday and begin deliveries as early as next month, people familiar with the matter said, as the Elon Musk-led electric vehicle maker looks to tap potential demand in the third-largest automobile market to counter slowing sales elsewhere.The opening of the Mumbai showroom will mark the formal … Read more

Rural India shops brands, urban goes beyond labels

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MUMBAI: The grocery bag of urban and rural shoppers is undergoing a divide. Urban Indians are gravitating towards unbranded products in select categories and are also experimenting with new-age brands, while rural consumers are taking to legacy FMCG brands. While there is a big market for unbranded goods in rural, it is losing out to … Read more

Tesla India debut: Elon Musk’s firm gets RTO nod for showroom; Model Y likely to go on sale from July 15 in Mumbai

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Tesla will finally start selling its cars in India, with the Maharashtra RTO clearing the way for Elon Musk’s electric vehicle giant to open its first showroom in Mumbai and begin road trials and sales. The Elon Musk-led company is scheduled to inaugurate its first showroom at Bandra Kurla Complex (BKC) in Mumbai on July … Read more

Silver hits all-time high in India: Spot price crosses Rs 1.11 lakh/kg; what’s driving the rally?

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Silver prices in India surged to an all-time high on Friday, crossing Rs 1.11 lakh per kilogram in the spot market as investors turned to safe-haven assets amid deepening global trade frictions and expectations of a softer stance from the US Federal Reserve.On the Multi Commodity Exchange (MCX), silver futures moved past Rs 1.10 lakh/kg … Read more

India-Australia trade pact: India rejects demand for tariff cuts on dairy and wine; second phase of BTA delayed

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India has rejected Australia’s demand for deeper tariff concessions on dairy and alcoholic beverages, delaying the second phase of a proposed bilateral trade pact, news agency Reuters reported citing two Indian government sources.The countries signed an interim deal in 2022 that reduced tariffs on a wide range of goods. However, talks on a full-scale Comprehensive … Read more

Bumper launch! Starlink, Jio-SES, Eutelsat secure final nod; India may soon get satcom services

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NEW DELHI: India may see the first commercial rollout of satellite communication services by December, as Starlink, Reliance Jio-SES, and Bharti-backed Eutelsat OneWeb have received all necessary approvals to begin operations.Industry executives say that while infrastructure has long been in place, spectrum allotment delays have prevented these players from launching earlier, costing India both revenue … Read more