Editorial. Value chain competence in critical minerals, a must
The shift towards renewable energy and e-mobility has put India at the threshold of a resource transformation. Critical minerals — lithium, cobalt, nickel and, importantly, rare earths — are at the heart of this transition. India, however, is overwhelmingly dependent on imports for these. The demand is enormous, as a 2024 report by the Centre for Social and Economic Progress (CSEP) pointed out.

NLCIL mines excel in ministry of coal star ratings, mine IA wins first prize, Talabira II & III and Barsingsar Mine get 5 star ratings
New Delhi: NLC India Limited (NLCIL), a Navratna CPSE under the Ministry of Coal, has once again reaffirmed its leadership in sustainable mining and operational excellence, with all its operating mines receiving prestigious Star Ratings from the Ministry of Coal for 2023-24.

Momentum in Gold to continue; prices up in all major currencies: WGC
New Delhi: A strong rally into the month-end saw gold reach USD 3,429/oz, up by 4 per cent, and as of the end of August, gold was up 31 per cent for the year. As per the Gold Market Commentary report by the World Gold Council, Gold gained in all major currencies, despite a much weaker US dollar, and the positive momentum has carried on in early September.

IGGL achieves 85.35% cumulative progress
Guwahati: The Indradhanush Gas Grid Limited (IGGL) has achieved a cumulative physical progress of 85.35 per cent till August 31 this year with steady advancements in pipeline laying, construction of stations and allied facilities Chairman Bhaskar Chowdary Nettem said. The IGGL has also achieved significant milestones in executing the North-East Gas Grid Project — a project of national importance to provide reliable natural gas infrastructure to the North-Eastern region, the chairman said at its annual general meeting held here.

India’s diesel exports to Europe skyrocket in run-up to EU ban on fuels made from Russian oil
As the Europe Union prepares to ban petroleum products refined from Russian crude from January 2026, India’s diesel exports to Europe jumped to an 11-month high in August, according to vessel tracking data. Industry insiders and experts believe that India’s petroleum product exports to Europe, particularly diesel, should remain robust in the months leading up to the EU ban as the continent would be stockpiling fuels and mitigating anticipated supply shortfalls.

Nexgen Energia expands petrol, diesel, CNG & EV fuel stations across India in collaboration with leading oil & gas PSUs in fuel & Non-fuel business
 

OPEC Output Signals Spur Options Bets Oil Will Lurch Below $60
A flurry of bets on Brent crude falling below $60 a barrel this year changed hands in recent days, a sign investors are hedging against the risk of another large production hike from OPEC and its allies.

Vedanta beats Adani for acquisition of Jaiprakash Associates
Vedanta beats Adani to emerge top bidder for JAL with Rs 12,510 crore offer

GST rate rationalisation to bring down thermal coal prices
The GST rate rationalisation is expected to soften the price of thermal coal, which accounts for more than 70 per cent of India’s power generation. This is a move that will reduce cost of power generation.

Bhupender Gupta takes over as Chairman & Managing Director of NHPC
New Delhi: State-run NHPC said that Bhupender Gupta has taken over as the Chairman and Managing Director of India’s leading hydro power producer with effect from Thursday.

NLC India in advanced stage of procurement of electrolysers: CMD
New Delhi: NLC India Ltd (NLCIL) is in an advanced stage of procurement of electrolysers for its 4 MW green hydrogen pilot project in Neyveli, Tamil Nadu, its Chairman and Managing Director (CMD) Prasanna Kumar Motupalli said. The pilot project aligns with the National Green Hydrogen Mission, which aims to position India as a global hub for green hydrogen production and technology.

Rupee hits fresh low; down 11 paise
Rupee fell to a fresh low of 88.26 on Friday, down 11 paise from the previous close. During the day, it went to a low of 88.36 before some recovery. The domestic currency has fallen 3.3% in the current financial year. 

Markets end in the green after a volatile session: Nifty manages to close above 24,700; Tech, ITC see deep cut
After a choppy day on Dalal Street, the headline indices wrapped up the session in a flat note. The Sensex closed at 80,744.62, up 0.03%, while the Nifty ended at 24,741.00, down 0.03%. The Nifty Bank also ended the day up at 54,114, up by 0.07%.

FPIs net sellers in financials, IT; autos and services attract inflows
 

India’s forex reserves rise $3.5 billion on week to $694.2 billion