PM Modi to launch ₹71,850 crore infra, energy projects in five states
New Delhi: Prime Minister Narendra Modi will visit Mizoram, Manipur, Assam, West Bengal and Bihar between September 13 and September 15 to inaugurate infrastructure and energy projects worth over ₹71,850 crore.

Indian steel makers to face earnings pressure in Q2 FY26 amid falling HRC prices: Report
New Delhi: Indian steel manufacturers are expected to face pressure on earnings in Q2 FY26 due to falling steel prices, with average domestic Hot-Rolled Coil (HRC) prices dropping from the last quarter, according to a report by JM Financials. The average domestic HRC prices have dropped to ₹49,600/tonne, down ₹2,000 from the first quarter.

India may allow steel giants to team up for upcoming coking coal linkage auctions
New Delhi: In a first, India is planning to allow a consortium of at least three steel companies, including larger players, to come together, and jointly bid for coking coal linkage auctions. Consortium members can be replaced too within a time frame. Previously, Bharat Coking Coal allowed such a consotium approach wherein smaller players could come together.

Amid rising gold prices, 9kt jewellery finds footing in the affordable jewellery segment
Soaring prices of the precious yellow metal, which continues making gold and fine jewellery costlier, have prompted a segment of Indian customers to opt for products designed using 9-carat (9kt) gold.

Why gold continues to shine
Gold has had one of its best years in recent history. Since the start of the year, gold in dollars is up 32%. Much of the gain occurred in the first few months of the year, when the U.S. announced its global tariff regime. Gold has performed strongly in the last one month, as geopolitical uncertainty has increased, and the U.S. Federal Reserve is expected to cut interest rates.

Gold futures jump Rs 572 to Rs 1.09 lakh per 10 grams, trade near record high
Source Credit: PTI, Deccan Herald

Gold, silver scale fresh highs on global cues, US Fed rate cut hopes
 

Coal ministry reviews 15% VGF cap for gasification projects
The coal ministry on Friday said it is reviewing the 15% clause in viability gap funding (VGF) in coal gasification projects.

Vedanta settles dispute with China’s SEPCO Electric
 

AB Energia launches AVIISII Electric Systems to manufacture solar mounting structures
Ahmedabad: Foraying into the manufacturing of fixed-tilt steel structures for ground-mounted solar power plants, Mumbai-based AB Energia on Friday announced the launch of its subsidiary- AVIISII Electric Systems Pvt. Ltd. The move marks a significant milestone in AB Energia’s growth strategy, enabling the company to exercise direct control over the quality, reliability, and cost-efficiency of one of the most critical elements of solar project execution, the company stated in an official release. By internalising the manufacture of steel mounting structures, which typically constitute about 7–8% of total EPC costs, equivalent to 18-20 lakhs per MWp, the company can bank on improved supply timelines and cost control.

ReNew in talks with global banks to raise $815 million loan
ReNew Energy Global Plc, one of India’s largest renewable energy companies, is in talks with a group of global lenders to raise a loan of about $815 million for refinancing, according to people familiar with the matter. 

TN CM opposes Centre’s move to bypass public hearings in atomic mineral mining
Chennai: Tamil Nadu Chief Minister MK Stalin has urged Prime Minister Narendra Modi to withdraw the Office Memorandum issued by the Environment Impact Assessment Division of the Ministry of Environment, Forest and Climate Change, on September 8, exempting the requirement of public consultation for all mining projects of atomic minerals.

Markets end the week on a positive note: Nifty holds above 25,100; Banks, metals shine – 5 key highlights
The Indian stock market ended Friday on a green note. The Sensex closed at 81,910.91, gaining 0.44%, while the Nifty settled at 25,114.00, up 0.43%. The Nifty Bank also ended the day at 54,809.30, marking a rise of 0.26%.

India’s foreign exchange reserves jump to $698.27 billion, adds $4 billion in September
India’s forex reserves jumped USD 4.038 billion to USD 698.268 billion during the week ended September 5 on the back of a sizeable increase in value of gold reserves, the RBI data said on Friday.

Sensex, Nifty extend gains; Bajaj Finance, Maruti, Eicher Motors lead rally
Bengaluru: The domestic market extended gains in mid-trading session on Friday investors grew more optimistic about potential interest rate cuts by the US Federal Reserve.