Participate in rare-earth magnet manufacturing scheme, says Bhupender Yadav
 

Jindal Stainless ranks among global top 5% in DJSI scores; secures 4th position in steel sector
New Delhi:  Jindal Stainless, India's largest stainless-steel manufacturer, has achieved a landmark milestone in global sustainability rankings, securing an ESG score of 78 in the Dow Jones Sustainability Index (DJSI) Corporate Sustainability Assessment (CSA) for FY25.

JSW Steel to sell 50% stake in Bhushan Power to JFE Steel for ₹15,750 crore
Mumbai: JSW Steel will sell 50 per cent stake in its subsidiary Bhushan Power and Steel (BPSL) to JFE Steel Corporation for ₹15,750 crore, to form an equal joint venture at an equity value of ₹31,500 crore, as part of its efforts to deleverage its balance sheet and fund growth. It will also transfer BPSL-related debt of ₹5,000 crore to the newly-formed joint venture entity.

Japan's JFE, JSW forge ₹15,750-cr steel JV
JSW Steel, JFE form 50:50 venture for BPSL unit
The Financial Express

Large copper units hit by GST-evasion among section of recyclers
A section of recyclers and primary copper producers, contributing to around 75% of the 1.6 million tonne (MT) domestic production last fiscal, is bearing the brunt of “price distortion” caused by another section of recyclers. The latter use domestically procured end-of-life scrap without paying the taxes and sell the final product at a discount.

Gold imports drive India's CAD to 1.3% in Q2 FY26: Analysts
New Delhi: India's current account deficit (CAD) widened sequentially to USD 12.3 billion, or 1.3% of GDP, in the second quarter of FY26. Analysts believe that the deficit is led by a sharp rise in the merchandise trade gap despite strong growth in services exports and remittances. The CAD had stood at 0.3% of GDP in the previous quarter.

Gold rally to continue, could hit USD 5000 in 2026, amid tight supply and demand by central banks: Deutsche Bank
New Delhi: Gold prices could move close to USD 5,000 per ounce in 2026, supported by strong official sector buying, tightening supply conditions and stabilising investor flows, according to a new research report by Deutsche Bank.

Govt forms panel to hunt for ONGC Chairman
New Delhi: The government has formed a three-member committee, headed by the Chairman Public Enterprise Election Board (PESB), to scout for the next Chairman of the state-run ONGC — India’s largest oil and gas exploration and production (E&P) company. The selected candidate will replace the serving Chairman Arun Kumar Singh, whose tenure has been extended by a year.

India won’t blink: Russian oil will still keep coming despite latest US sanctions
India’s Russian oil fix isn’t going anywhere. Even as Washington rolls out new sanctions, India is poised to keep Russian crude flowing, “just through less transparent routes”, analysts say.

BPCL recognised among global top 100 corporate startup stars
 

IndiGrid to buy ISTS project from ReNew for ₹372 crore
Mumbai: IndiGrid, a power sector Infrastructure Investment Trust (InvIT), on Tuesday announced the execution of definitive agreements to acquire Gadag Transmission, a Karnataka-based Inter-State Transmission (ISTS) project, for ₹372 crore, excluding any net working capital and cash adjustments. Additionally, there will be an earn-out related to change in law, availability, and bilateral billing-related aspects to be paid to the sellers if and when the payment is received.