Vedanta Chairman flags investment of USD 25 billion to boost Iron ore production and meet national steel target
New Delhi: The domestic iron ore production sector will require an investment of USD 20-25 billion or more to achieve national steel production targets and ensure self-reliance, according to Vedanta Group Chairman, Anil Agarwal. He noted that this scale of capital expenditure is essential to ramp up production to 800 million tonnes, which is needed to support the overarching goal of producing 300 million tonnes of steel within the country.

Vedanta chief Anil Agarwal calls for scale, policy push in iron ore mining
 

Steel companies plan to raise HR coil prices by ₹3,500 per tonne
Mumbai: Steel companies plan to increase hot-rolled (HR) coil prices by ₹3,500 a tonne to about ₹64,500 per tonne this month to pass on the incremental cost of raw material and energy cost.

Q4 metal preview: Steel rebound to drive growth; non-ferrous mixed bag
 

Same store sales, buyer growth lift jewellery majors in March quarter
 

Natural Diamond Council celebrates ‘World Diamond Day’
 

Gold price climbs ₹10 to ₹1,53,830; silver up ₹100, trades at ₹2,60,100
 

A sharp correction in gold prices can trigger margin calls and liquidation of leveraged positions: RBI study
 

RBI ups crude oil, exchange rate baseline assumptions for FY27
The Reserve Bank of India (RBI) on Wednesday said it expects crude oil prices to average USD 85 per barrel and the rupee to be at 94 against the dollar in FY27.

Indian Oil buys first shipment of Iranian crude since 2019 sanctions
State-owned refiner Indian Oil Corp. has purchased a cargo of Iranian oil which would be the country’s first such delivery since 2019, according to people familiar with the matter, as weeks of war in the Persian Gulf upend the energy trade.

RBI sets $85 oil benchmark for FY26, $75 for FY27 after US-Iran ceasefire eases prices
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26, in line with its CPI inflation projection of 4.6 per cent.

GAIL shares jump 8% as Iran-US ceasefire update; time to book profit?
 

Oil prices to hold around $88-95/barrel for next 4-6 weeks, says analyst
 

Crude oil futures crash 6% to hit lower circuit after US-Iran ceasefire
 

Cabinet approves ₹79,459 crore investment in HPCL Rajasthan refinery
 

India has bandwidth to substitute about 150 MT of imported coal with domestic production: Official
India has the bandwidth to substitute about 150 million tonnes of imported coal, Sanjeev Kumar Kassi, Joint Secretary at the Ministry of Coal told reporters in response to a query about the country’s import dependency of the carbon compound.

Coal India gains hinge on higher e-auction volumes, demand recovery
 

Power sector may consume up to 850 mt in FY27; sufficient coal stocks available
India’s coal-based thermal power plants (TPPs) with an installed capacity of over 221 gigawatts (GW), is likely to consume up to 850 million tonnes (mt) of coal in the current financial year, ending March 2027, against a demand of 906 mt.

India adds 55.3 GW non-fossil capacity in a year, becomes third-largest in renewable energy: Pralhad Joshi
New Delhi: India achieved a total non-fossil fuel capacity addition of 55.3 GW during FY 2025–26, taking the total installed non-fossil capacity to 283.46 GW, said Union Minister for New and Renewable Energy Pralhad Joshi on Wednesday.

India’s solar energy capacity crosses 150 GW
India’s installed solar power capacity has crossed the 150 GW mark, numbers put out by the Ministry of New and Renewable Energy show. This happened as the installations in March reached a record 6.65 GW. 

Cabinet clears Rs 26,069 crore Kamala hydro project to boost clean power in Arunachal
Cabinet clears ₹40,000 crore hydropower projects in Arunachal Pradesh

MNRE, finance ministry in talks to launch PLI scheme for polysilicon
 

NTPC signs MoU with France’s EDF on cooperation in nuclear power
 

KBL powers Kalpakkam FBR milestone as reactor achieves criticality
India has reached a key milestone in its nuclear energy programme with the Fast Breeder Reactor (FBR) at Kalpakkam attaining criticality, marking a significant step in the country’s three-stage nuclear strategy.

World Bank cuts India’s FY27 growth rate by 30 bps, to 6.6%
New Delhi: World Bank on Wednesday revised India’s growth forecast up by 30 basis points (bps) to 6.6 per cent for fiscal year 2026-27. However, it is one percentage point lower than 7.6 per cent of fiscal year 2025-26.

Rupee likely to stabilise at 92-93 per dollar, says EAC-PM chairman