India to finalise rare earth magnet subsidy scheme within 20 days: Kumaraswamy
The Government of India is expected to finalise a scheme to subsidise domestic production of rare earth magnets within the next 15 to 20 days, Union Minister for Heavy Industries and Steel H D Kumaraswamy said on Tuesday. The announcement comes amid continuing disruptions in the global supply of rare earth materials, which are essential for several automotive and semiconductor applications, reported PTI.

No one from group charged for violating FCPA, obstructing justice: Gautam Adani on US, SEC bribery allegations
No one from Adani Group charged under US FCPA: Gautam Adani

NMDC Steel further betters its performance
The C Shift recorded 3,759 tonnes of hot metal, surpassing the previous shift record of 3,729 tonnes set on April 14. 

Hindalco to acquire US-based AluChem for $125 million
Hindalco  to acquire US-based AluChem for $125 million
The Financial Express

Vedanta’s Runaya to invest ₹300-500 cr in rare earth processing & magnet-making facility
 

Pushpa Jewellers plans to raise ₹99 cr via IPO
The company will issue 67.11 lakh equity shares at ₹143 - ₹147 a share. The company will issue fresh equity shares of 53.70 lakh besides the promoters will dilute 13.41 lakh shares through offer for sale.

Gold price down nearly 2%, trades around $3,300 as Israel-Iran tensions ease
Gold’s safe-haven appeal is waning due to easing tensions between Israel and Iran, and the Federal Reserve’s expected neutral monetary policy stance.

Oil prices fall to over one-week lows as Trump announces Israel-Iran ceasefire
Oil prices tumbled on Tuesday to their lowest level in more than a week as U.S. President Donald Trump said a ceasefire has been agreed between Iran and Israel, relieving worries of supply disruption in the area.

Oil falls 5.3% as Iran's response to US strikes spares energy assets
Oil fell as Iran's retaliatory strikes on US bases in Qatar were less severe than investors feared, allaying some concerns that the conflict would immediately disrupt supplies from West Asia.

ONGC pushes ahead with well control operations, despite heavy rains, critical progress continues
Oil and Natural Gas Corporation Limited (ONGC) continues to make progress at the site of well number RDS#147A, with teams working around the clock despite challenging weather conditions.

BP and others pulling staff from Iraq oilfields, output steady
BP, Eni and TotalEnergies have begun evacuating foreign personnel from Iraqi oilfields where they operate, state-run Basra Oil Company said on Monday.

Delhi's fuel ban on old vehicles to boost automakers, and government revenue by Rs 4.5 Lakh Crore: GTRI
 

Coal stock at Indian power plants rises to 61.3 MT, sufficient for 25 days of use
Coal stock at power plants boosted by IR’s mechanised bulk loading
The Financial Express

Adani targets $15-20-billion capex a year
The Adani Group plans to ramp up its capital expenditure across businesses and invest $15-20 billion annually over the next five years, its chairman Gautam Adani said on Tuesday.

Oyster Renewable Energy targets 2 GW green capacity by 2030
Oyster Renewable Energy is aiming to set up 2 gigawatts (GW) of green energy capacity by 2030, with an estimated investment of ₹14,000 crore, the company’s managing director Siddharth Bhatia told FE.

Smaller solar module manufacturers in Gujarat eye indigenous BESS manufacturing
Eyeing the huge potential for manufacturing Battery Energy Storage System (BESS) in India, Gujarat-based solar module manufacturer, Kosol Energie Pvt Ltd, is planning to invest more than ₹2,000 crore in setting up a unit for manufacturing battery-cells-cum-packs. “For setting up a BESS manufacturing unit, we will need a large land parcel and so we are exploring Rajasthan, Madhya Pradesh and Gujarat for this project. The Prismatic cell will be our main product for battery-cell. It will be a large investment and we will need government support for the same,” said Kalpesh Kalthia, Chairman and Managing Director, Kosol Energie. The company has a 3.1-GW solar module manufacturing facility at Bavla near Ahmedabad that exports modules to the US market.

Green energy push: ACME Solar completes 300 MW Rajasthan project
 ACME Solar Holdings has fully commissioned its 300 MW solar power project at Bikaner, Rajasthan, after adding the final 60 MW yesterday. This marks a major milestone for the company’s wholly owned subsidiary, ACME Sikar Solar.

Solar cell manufacturing company Emmvee receives order worth ₹1500 cr from KPI Green Energy
 

India’s power capacity jumps by 56 pc from 305 GW to 476 GW in 10 years
 

ACME Solar completes 300 MW Rajasthan project, adds wind capacity