India

Countering China: India eyes Rs 1,345 crore scheme on rare earth magnets; Indian companies express interest

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The Ministry of Heavy Industries Secretary, Kamran Rizvi, confirmed that the draft scheme for processing rare earth magnets has been distributed. (AI image) Amidst ongoing supply choke for rare earths from China, India has announced its plans to develop rare earth magnets domestically. The government has allocated Rs 1,345 crore towards establishing domestic production capabilities … Read more

GBI-EM Global Diversified index: Why JPMorgan is thinking of cutting India, China share in EM Bond Index – explained

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The bank has been gathering client input regarding potential modifications to its GBI-EM Global Diversified index. (AI image) JPMorgan Chase & Co. is evaluating potential adjustments to its primary emerging-market index by reducing the allocation of major bond issuers, including China and India, aiming to encompass a wider spectrum of developing-nation debt.According to documents reviewed … Read more

India top contributor in US immigrant billionaire list: 12 Indian-origin tycoons in list; Jay Chaudhry beats Sundar Pichai, Satya Nadella in US rich club

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India now ranks No. 1 in supplying billionaire immigrants to the US, according to Forbes’ 2025 list of America’s Richest Immigrants. With 12 India-born citizens on the list, the country has overtaken Israel as the leading source of billionaire migrants in the US this year.Forbes’ list of 125 foreign-born billionaires spans 43 countries, but Indian-origin … Read more

‘Oil prices would have hit $120-130’: India says its oil imports from Russia helped global markets; Hardeep Puri hits out at critics

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Addressing critics of India’s Russian oil imports, Puri noted that certain commentators make unwarranted criticisms of Indian policies. (AI image) India’s ongoing crude oil imports from Russia have contributed to global energy price stability, according to Petroleum and Natural Gas Minister Hardeep Puri. He has said that discontinuing Russian oil trade would have caused crude … Read more