New Delhi, May 08, 2024 (TBB Bureau): Indian Coast Guard (ICG) and Jindal Steel & Power (JSP)forged a significant partnership on May 7, 2024, in New Delhi with the signing of a Memorandum of Understanding (MoU). This landmark agreement aims to bolster the supply of indigenous marine-grade steel, a move geared towards elevating the indigenous content in shipbuilding endeavors. Under ...

New Delhi, May 02, 2024 (TBB Bureau): The latest data released by the Indian Bureau of Mines (IBM) reveals a significant uptick in the index of mineral production for the mining and quarrying sector in February 2024. Compared to the same period last year, the index stands at 139.6, marking an impressive 8 per cent increase. This surge underscores the ...

New Delhi, May 02, 2024 (TBB Bureau): India’s coal production for April 2024 has surged to 78.69 million metric tonnes (MT) (Provisional), marking a significant growth rate of 7.41 per cent compared to the corresponding period in the previous year, which stood at 73.26 MT. This robust growth in coal production underscores the nation’s continued efforts to meet its energy ...

New Delhi, May 02, 2024 (TBB Bureau): During the recent visit of India’s Commerce Secretary Sunil Barthwal to New Zealand on April 26-27, both nations engaged in discussions aimed at enhancing collaboration in various sectors to bolster bilateral trade ties. The talks centered around fostering cooperation in areas such as pharmaceuticals, digital trade, and cross-border payment systems, reflecting a mutual ...

New Delhi, May 01, 2024 (TBB Bureau):  Union Finance Minister Nirmala Sitharaman on Wednesday announced that India’s gross GST revenue collection for April this year surged to an all-time high of Rs 2.10 lakh crore. This marks a significant 12.4% year-on-year growth, propelled by robust increases in both domestic transactions, up 13.4%, and imports, up 8.3%. After accounting for refunds, ...

New Delhi, April 30, 2024 (TBB Bureau): Invest India underscored on Tuesday the substantial business prospects for critical mineral processing within the nation to overseas investors, elucidating the fiscal and non-fiscal perks extended to propel advancement in this burgeoning domain. On the conclding day of the critical minerals summit, primary mining states like Odisha and Andhra Pradesh also divulged the ...

New Delhi, April 30, 2024 (TBB Bureau):  REC, a leading government-owned financial institution, announced a robust 34% increase in net profit for the January-March quarter of the fiscal year 2023-24. The company’s net profit soared to Rs 4,016 crore, compared to Rs 3,001 crore during the same period in the previous year. The revenue from operations also witnessed a substantial ...

New Delhi, April 29, 2024 (TBB Bureau):  The Union government is set to auction approximately 20 critical mineral blocks in the fourth round of auctions by the end of June, announced Mines Secretary V L Kantha Rao on Monday. Rao mentioned that the auction process for seven critical mineral blocks, initially put up for sale in the first round, is ...

New Delhi, April 29, 2024 (TBB Bureau): The Union Finance Ministry on Monday unveiled plans to issue Government bonds worth Rs 28,000 crore slated for May 3, split into three tranches to be auctioned through a price-based method using the multiple price approach. The initial lot encompasses “7.33 per cent Government Security 2026” valued at Rs 6,000 crore. Following suit, ...

New Delhi, April 28, 2024 TBB Bureau):  The Ministry of Mines, in collaboration with the Shakti Sustainable Energy Foundation (Shakti), Council on Energy, Environment and Water (CEEW), and Indian Institute of Sustainable Development (IISD), is gearing up to host the “Critical Minerals Summit: Enhancing Beneficiation and Processing Capabilities” from April 29th to April 30th, 2024. The summit, to be held ...