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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

Electric truck push: Government offers up to Rs 9.6 lakh incentive per vehicle under PM E-DRIVE; SAIL to procure 150 e-trucks

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The government on Friday launched its first customer-facing incentive scheme for electric trucks under the PM E-DRIVE initiative, offering up to Rs 9.6 lakh per vehicle. The scheme, announced by Union minister H D Kumaraswamy, has earmarked Rs 500 crore for e-truck incentives out of a total Rs 10,900 crore programme outlay.Targeting industries such as … Read more

Slow US-China trade deal may push Trump’s tariff deadlines; Rare earth metal supplies may face disruption: Report | Business

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Slow US-China trade deal may push Trump’s tariff deadlines Trade deals between the US and China are moving at a pace slower than expected, which may lead to extensions of the current tariff deadlines, according to a report by SBI Funds Management.The report highlighted deadlock amidst ongoing trade talks between both the nations with both … Read more

Energy outreach: Oil minister Hardeep Singh Puri pitches India’s growth story to oil majors; Opec ties, LNG push top agenda

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Oil minister Hardeep Singh Puri met top global energy leaders on the sidelines of the 9th Opec International Seminar in Vienna, holding bilateral discussions to bolster India’s energy security and expand partnerships across the hydrocarbons value chain, according to an official statement.During his meeting with Kuwaiti Oil Minister and KPC Chairman Tareq Sulaiman Al-Roumi, Puri … Read more

Trade relief in Singapore: Indian firms to gain from new adaptation grant; US tariffs push government to act

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Indian enterprises operating in Singapore are expected to benefit from a new Business Adaptation Grant unveiled by the city-state to help local firms manage the challenges arising from global tariff shifts, including those tied to recent US trade measures.The Singapore Indian Chamber of Commerce and Industry (SICCI) welcomed the government’s announcement, calling the grant a … Read more