First critical mineral block auctions winners to be announced on Monday
Winners of six critical mineral blocks under the first round of auctions will be announced on Monday. The preferred bidder for the hotly contested Katghora block will be among those being unveiled, making it India’s first lithium and rare earth element (REE) mine.

PLI projects: Steel Min fast-tracks visa approvals for Chinese experts
New Delhi: India’s Steel Ministry is facilitating visa processes especially for Chinese technicians and experts who would be working on PLI projects covering speciality steel.  Mapping the progress of the speciality steel making schemes, under PLI, would be taken up soon, sources in the know said.  Against a revised expected investment of ₹16,000 crore for FY24, actual investments were 10 per cent lesser, or at ₹14,500 crore, the last review carried out showed. Companies / scheme beneficiaries had previously committed to invest ₹21,000 crore last fiscal. 

Essar awaits final approvals to start work on USD 4.5 bn steel plant in Saudi Arabia
New Delhi: Essar Group is awaiting final approvals to start investing about USD 4.5 billion in building a low-carbon steel plant in Saudi Arabia, its top official Prashant Ruia said. The approvals are expected anytime now, after which the conglomerate will start working on the 4 million tonne per year steel plant along with port facilities at Ras Al-Khair in Saudi Arabia.

Jindal’s ‘Steel of India’ campaign—whose idea is it anyway?
Jindal Steel and Power’s “The Steel of India" campaign has landed in a controversy with allegations of idea theft, igniting a fierce debate within the advertising industry. The row began when advertising agency Wieden+Kennedy (W+K) India moved the Delhi High Court (HC) in March, alleging that Jindal Steel had plagiarized a campaign concept they had originally pitched and accusing the steelmaker of dishonouring a service agreement.

Gold price slips Rs 10, silver down Rs 100; yellow metal at Rs 72,370
New Delhi: Gold Price Today: The price of 24-carat gold slipped Rs 10 in early trade on Monday with ten grams of the precious metal selling at Rs 72,370, according to the GoodReturns website. The price of silver also declined by Rs 100, with one kilogram of the precious metal selling at Rs 91,900.

Are lab-grown diamonds forever? Examining their impact on the natural gems business
How can you make two months’ salary last forever?” Thus went the line in an old ad for diamond company De Beers. For the best part of the last 100-odd years, all that sparkling, sprinkled with some smart marketing, made diamonds more than just a bunch of carbon atoms bonded tightly. It came with a story forged by millennia of pressure, nature carving a piece for the ages. Businesses grew on top of this stone—mining, polishing, cutting, marketing. Everyone was happy with this situation.

About 16% Reliance shareholders oppose reappointment of Aramco chairman as director
The resolution for reappointment of Al Rumayyan was carried with 83.97% voting in favour of the resolution. As many as 16.02% voted against it , the filing showed.

ONGC, IOC in pact to make LNG from Vindhyan basin gas
ONGC had in March 2022 decided to commercialise the Hatta-3 gas discovery in the Son Valley area of Madhya Pradesh after the exploratory well produced 62,044 cubic meters of gas per day, opening up India’s ninth producing basin and eighth by the company.

CNG price hiked in Delhi, Uttar Pradesh and these states by Re 1/kg from today
Indraprastha Gas Limited (IGL) has announced a Rs 1 per kilogramme increase in Compressed Natural Gas (CNG) rates, which will impact daily commuters and the transportation sector. The new price system went into effect at 6:00 a.m. on June 22, with immediate effects in several locations across the country, including New Delhi, Uttar Pradesh, Haryana, Rajasthan, and the National Capital Region (NCR).

After 7 years and $1.2 bn investment, ONGC offers stake in Deen Dayal gas field
After 7 yrs & $1.2 bn investment, ONGC offers stake in Deen Dayal gas field

Firm wins bid for world’s first flue gas CO2 to 4G ethanol project
 

Off the disinvestment track, BPCL can focus on long-term goals
The latest statement by the Minister of Petroleum and Natural Gas Hardeep Singh Puri has for the time being put to rest any concerns over disinvestment of BPCL. BPCL (Bharat Petroleum Corporation Ltd) can now focus on its long-term goals without the immediate pressure of privatisation, ensuring stability for its employees and stakeholders, according to those closely associated with the company.

Amid setbacks, first signs of progress in lithium mining in Chhattisgarh
Exploration of lithium, a critical mineral used to make lithium-ion batteries, in Chhattisgarh’s Korba district has moved a step further with one block advancing to the second round of auctions and promising deposits now being found in the initial exploration of another block, according to latest information available with the Union Mines Ministry.

Tata Steel threatens to advance furnace shut down in UK
Mumbai: Tata Steel has threatened to shut its blast furnaces in the UK earlier than planned amid an indefinite strike call given by a certain section of workers to protest against 2,800 job losses. The company, which has a capacity to produce 3 million tonne of steel a year in UK, plans to shut down one blast furnace at the end of the month, while the second one is scheduled to be closed by September-end.