Lloyds’s new steel bet faces a trifecta of challenges—demand, costs, and Maoists
Mumbai: India is set to get its second primary steel company in 15 years as Lloyds Metals and Energy Ltd prepares to launch primary steel manufacturing operations in Maharashtra. However, challenges for the metals and mining company are many.

Organized jewellery players set to capture 45% market share by FY30: Nomura
New Delhi: Organized players in the Indian gold jewellery industry are expected to grow faster than the overall industry and capture a 45 per cent market share by FY30, according to a report by Nomura.

Gold surges to record highs; safe-haven rush, rate cut bets drive momentum
 

Hindustan Zinc surges 3.6% on silver price rally, closes at ₹482.95
Mumbai: Hindustan Zinc shares jumped 3.6 per cent on Tuesday, closing at ₹482.95 on the NSE, after hitting an intra-day high of ₹483.90. Parent company Vedanta also gained during the session, driven by optimism around surging silver prices.

Who is Parag Parikh? Adani Total Gas CFO resigns with immediate effect
The gas distribution arm of the Adani Group, Adani Total Gas, announced on Tuesday that its Chief Financial Officer Parag Parikh has resigned. His resignation came into effect from the close of business hours on September 30, the company said in an exchange filing.

BPCL to soon start work on refinery-cum-petrochemicals project in AP: N Chandrababu Naidu
New Delhi: Andhra Pradesh Chief Minister N Chandrababu Naidu said on Tuesday that Bharat Petroleum Corporation (BPCL) will “very soon” start the work on setting up the 9 million tonnes per annum (mtpa) crude oil refinery and petrochemicals complex at Ramayapatnam (Nellore). “They are going to invest Rs 1 lakh crore in Ramayapatnam port. They have purchased land. Procedures are going on. Very soon, they are going to start,” Naidu told businessline on the sidelines of the Curtain Raiser event for CII’s Partnership Summit.

SKF appoints Divya Purohit as India head for lubrication lifetime solutions

Pune: SKF Engineering & Lubrication India Pvt Ltd, one of India’s leading technology and solutions providers of bearings, Lubrication Lifetime Solutions, condition monitoring, and rotating equipment services, has appointed Divya Purohit as the India Head of Lubrication Lifetime Solutions. In his new role, Purohit will lead SKF’s fastest-growing lubrication solutions business in India, focusing on strengthening innovation, lean manufacturing, operational excellence, and customer-centric value creation.

Oil giant IOC eyes green shift
 

LNG is Shell's top contribution to energy industry over next decade, CEO says
Liquefied natural gas (LNG) will be European oil major Shell's biggest contribution to the energy industry over the next decade in terms of value and as it seeks to cut emissions from fossil fuel production, CEO Wael Sawan said on Monday. Sawan has increased Shell's focus on natural gas to improve the company's financial performance against its peers in Europe and the U.S. since taking over as CEO in January 2023, pivoting away from renewables by pulling out of a number of wind, solar and other low-carbon ventures.

Serentica Renewables partners with Envision Group for 560 MW wind project
The project will feature advanced Envision Smart WTGs, each with a 5 megawatt (MW) rated capacity. The delivery for the project is expected to commence by February 2026, marking a significant milestone in Serentica’s commitment to providing reliable, round-the-clock green power across India.

BEL eyes 25 GW renewable capacity by 2030
 

Oswal Energies to invest ₹320 crore in green hydrogen
 

India's renewable energy capacity jumps 123% till August, on track to surpass 35 GW in FY2026
 

Rupee hits record low 88.79 amid FPI outflows
The rupee fell 4 paise to an all-time low of 88.79 (provisional) against the US dollar on Tuesday, pressured by sustained foreign capital outflows amid global trade uncertainties.

Markets muted: Nifty closes around 24,600; Sharp cut in IndiGo, ITC – 4 key highlights
The Indian stock market wrapped up today’s session on a quiet note. The Sensex closed at 80,267.62, down by 0.12%, while the Nifty settled at 24,611.10, down by 0.10%. The Nifty Bank index ended at 54,635, up by 0.32%.

ADB trims FY27 growth projection to 6.5% for India
The Asian Development Bank (ADB) on Tuesday retained its India growth projection at 6.5% for FY26, but trimmed the FY27 growth projection by 20 basis points to 6.5%, as the steep US tariffs levied on exports are expected to weigh on India’s growth.