Indian steel makers should prefer domestic suppliers over imports for long term gains: Piyush Goyal

Mumbai: Commerce and Industry Minister Piyush Goyal asked domestic industry to prefer domestic suppliers over imports, speaking at the India Steel 2025 summit.

India’s steel secretary says coking coal imports to accelerate
 India’s coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday.

Govt working on sops for steel companies to adopt green tech
 

Interview: Saumen Bhaumik, CEO, CaratLane
Tata-owned jewellery retailer CaratLane, which crossed the Rs 3,000-crore revenue mark in the fiscal year ending March 2024, is unfazed by the global tariff turmoil or soaring gold prices. CEO Saumen Bhaumik says the shift toward lightweight, everyday gold jewellery will continue to drive demand even in a high-price environment. The brand is also hedging its bets with a foray beyond jewellery through the launch of Shaya Home, a range of handcrafted silver decor and utility pieces. In this interview, Bhaumik talks to Alokananda Chakraborty about the ways in which social media and e-commerce have upended the category and the emerging opportunity in the luxury jewellery space.

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Gold prices drop to `95,073 per 10 grams
Source Credit: The Pioneer (Delhi Print Edition)

Hindustan Zinc charts out $1 billion plan to boost production and tap critical minerals in India: CEO Misra
 

GAIL, CONCOR in pact for LNG use
GAIL India and CONCOR have signed a Memorandum of Understanding (MoU) to explore the adoption of Liquefied Natural Gas (LNG) as an alternative fuel for the logistics sector. 

Cairn, Norwegian firm ink pact to boost exploration in KG block
Cairn Oil and Gas, a private oil and gas exploration and production company and part of Vedanta, has partnered with Norway-based Electromagnetic Geoservices (EMGS) to deploy advanced 3D Controlled Source Electromagnetic (CSEM) survey technology for exploration activities in its Krishna-Godavari (KG) deepwater block off India’s east coast.

CNG fuel stations surge by 2,300 pc, PNG use up 467 pc in 10 years: Hardeep Puri

New Delhi: Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Friday highlighted that in the last 10 years, the number of CNG stations providing green fuel for vehicles in the country has surged more than 20 times, while the number of households using piped cooking gas has recorded a 5-fold increase and LPG connections more than doubled.

Centre asks Gujarat Urja Vikas Nigam to rebid ₹3,100 cr battery storage contracts won by Gensol
New Delhi: The Union power ministry has suggested that Gujarat Urja Vikas Nigam Ltd (GUVNL) rebid two battery energy storage system (BESS) project contracts totalling ₹3,130 crore won by embattled Gensol Engineering last year. The Gujarat state government-run power company is looking to rebid these two projects.

India may allow 49% foreign investment in its nuclear power plants
 

Markets skid on India-Pak tension, Nifty closes below 200-DMA, Sensex down 680 points; 3% cut in small and midcaps – 8 key highlights
The Indian stock market opened Friday with optimism, but within an hour, that green turned deep red. What began as a regular trading day spiraled into a sharp sell-off as news of ceasefire violations by Pakistan and rising diplomatic tensions gripped investors with concern. The fallout from the Pahalgam terror attack and military activity across the Line of Control (LoC) sent shockwaves through Dalal Street.

What’s fuelling FII buying frenzy? Close to Rs 30,000 crore inflow in 10 days
The FII buying binge continues. In the past 7 trading sessions or last 10 days Foreign institutional investors have bought equities worth Rs 29,510 crore. This striking change in approach is also indicative of the overall global scenario at the moment. The US markets have rallied significantly in the past few sessions and the dollar at the same time has been stuck in a range. Experts point out that the improving economic fundamentals coupled with growing optimism about earnings improvement in FY26 is also adding to the buying momentum.

Piyush Goyal warns against trade diversion via India by other countries
India would not lend itself to be used for transshipment of exports of countries facing high tariffs in the US as it will dent its image of a trusted trade partner, commerce and industry minister Piyush Goyal said Friday.