Concor bolsters EXIM and domestic growth with strategic shipping line tie-ups and major corporate contracts with Vedanta, Jindals, UltraTech
Railway PSU Container Corporation of India (Concor) has tied up with 20 shipping lines as it looks to shore up on EXIM (export import) trade. It is also eyeing exclusive long term logistics contract with Indian corporates that include the likes of Vedanta, JK Group Jindals, Tata and SAIL. Introduction of tank containers for bulk cement movement is likely to start soon, with the company securing tie-ups with My Home and UltraTech.

JSW Steel flags risks from elevated Chinese exports
Chinese steel exports remain at an elevated level and the Indian players need to be watchful even as no surge has been seen in import bookings in the country, a JSW Steel official said.

Strong domestic demand, firm steel prices to keep SAIL in focus
After two lacklustre quarters, Steel Authority of India Ltd (SAIL) reported a rebound in performance in the March quarter (Q4FY25), driven by lower raw material costs and improved sales volumes—even as selling prices remained under pressure.

India shines as bright spot for global steel industry, says Jefferies Report
 

Gold investment demand soars 170% driven by volatility, geopolitical tensions
As gold prices surged to a record Rs 93,217 per 10 grams, Indian investors are pulling back from heavy jewellery buys and pouring money into gold exchange-traded funds (ETFs).

Oil prices to stay around $65/barrel: Hardeep Puri
New Delhi: Oil prices will hover around $65 per barrel as ample supplies are available in the market, Oil Minister Hardeep Singh Puri has said.

Swan Energy net rises 49% in FY25
 

LoA for 1,600 MW power project in Jharkhand’s Chandrapura to be issued by 2025-end, says DVC
A Letter of Award (LoA) for the execution of the coal-fired 1,600 MW ultra-supercritical power project in Jharkhand’s Chandrapura, a proposed joint-venture between Coal India and Damodar Valley Corporation, is likely to be issued by 2025-end. State-run power utility Damodar Valley Corporation (DVC) and Coal India signed a Memorandum of Understanding (MoU) in April to set up the brownfield project of 2 X 800 MW power plants — an expansion of the existing Chandrapura thermal power station of 2 X 250 MW capacity.

Suzlon jumps 11% after stellar Q4: 3 reasons why brokerages expect nearly 27% upside in 1 year
Suzlon share price jumped as much as 11% intra-day as Q4 profit surged nearly 4x. The company has executed 573MW in Q4FY25. This is higher than street estimates. The operating margins too saw significant improvement at 18.3%. The company’s wind turbine generator mix-led helped drive profitability this quarter and offset depreciation interest cost.

Adani Energy wins Rs 1,660 crore power transmission project in Maharashtra
Mumbai: Adani Energy Solutions Ltd (AESL) officially announced here on Friday, that it has won a Rs 1,660 crore inter-state transmission project in Maharashtra.

Inox Wind posts ₹190 cr net profit in Q4 FY25
 

Suzlon Energy aims to increase output of ageing wind turbines with new product
 

SAEL secures $132 million investment for Andhra Pradesh solar project
 

Saatvik Green Energy celebrates 10 glorious years of clean energy excellence
 

Trump announces 50% steel tariff at Pennsylvania rally, backs Nippon’s investment in US steel
US President Donald Trump has said he's going to double the tariff rate on steel to 50 per cent, a dramatic increase that could further push up prices for a metal used to make housing, autos and other goods.

National Manufacturing Mission to be unveiled in a month: NITI CEO
The National Manufacturing Mission, expected to be unveiled within a month, will include a dedicated body with the requisite “teeth” to address emerging challenges in a time-bound manner and elevate India’s manufacturing sector, NITI Aayog CEO BVR Subrahmanyam said on Friday.

Markets close lower for second consecutive week. Nifty, Sensex end down 0.4% each- 5 key highlights
The markets closed Friday’s session on a lower note. The Nifty 50 closed the session 83 points or 0.33% lower at 24,750, the Sensex fell 182 points or 0.22% to settle at 81,451. 

Fiscal deficit contained at targeted 4.8% despite revenue shortfall
The Centre’s fiscal deficit came in at 4.77% of GDP for 2024-25, marginally lower than the 4.84% projected in the revised estimate (RE) for the year, despite a shortfall in revenues, especially tax receipts.

India's GDP grew 6.5% in 2024-25, 7.4% in Q4: Official data
As was widely expected, the Indian economy grew by 6.5 per cent in real terms in the recently concluded financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.

India’s forex reserves rise $6.992 billion to $692.721 billion in week ended May 23
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