Increasing cooperation in critical minerals will top Prime Minister Modi's agenda during his discussions with leaders of Ghana, Argentinia, Brazil and Namibia.
Megha Engineering had emerged as the second-biggest buyer of electoral bonds and donated the highest amount of about Rs 586 crore to the Bharatiya Janata Party, according to the data released by the Election Commission on March 21.
During his visit to the Bastar district headquarters in the poll-bound state, the prime minister is scheduled to address a Bharatiya Janata Party rally.
Shares of public sector enterprises have corrected by up to 22 per cent month-to-date until March 19, 2024. Analysts attribute this steep fall to the valuation exuberance seen after a sharp run in these counters last year and suggest investors remain selective regarding the stocks in this space. "The rally in public sector undertaking (PSU) stocks has been stretched and sharp, although it is somewhat justified by improvements seen in earnings, operations, balance sheets, and overall profitability.
As a part of the 235 km Dallirajhara-Rowghat-Jagdalpur railway project, Antagarh, which has a Nagar Panchayat, is now connected to state capital Raipur by a train service.
A Central Industrial Security Force trooper was killed on Sunday while another was injured in an attack by naxals on a security post in Chhattisgarh's Dantewada district.
Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.
Faced with one setback after another in expanding the scope of mining in the country, almost all the major miners of the world have wound down their operations in India.
Seven persons, including six jawans of the Central Industrial Security Force were killed on Sunday night in an ambush by Naxals in Chhattisgarh's Dantewada district.
We present here a list of 10 richest diamond mines in the world
The National Mineral Development Corporation (NMDC) has unearthed a precious 37.68 carat diamond, the biggest so far, from its Madhya Pradesh-based Panna mines.
Naxals have fired at the National Mineral Development Corporation facility in Dantewada district of Chhattisgarh on Monday.
Disinvestment proceeds of the government could be higher than the estimate of Rs 25,000 crore for 2009-10. The government has already raised Rs 13,621 crore through disinvestment in four public sector companies.Dilution of stake in National Mineral Development Corporation, the fifth public sector undertaking to come out with a public offer this year, is likely to fetch the government more than the remaining Rs 11,388 crore, thereby exceeding even the revised target.
On July 16, a senior National Mineral Development Corporation official was traveling towards Chhattisgarh's Bailadila hills, where a major iron ore excavation project is going on. Just 20 kms from Jagdalpur, which is the district headquarters of the Bastar plateau, his vehicle was stopped in the middle of the night by some Maoist cadres. He was asked to step out of the car, and after he was thoroughly frisked and his vehicle checked, he was allowed to go.
SAIL and RINL at present produce about 18 million tonnes of the commodity. Navratna mining giant NMDC is in the process of setting up a three million tonnes per annum (MTPA)-steel unit in Chhattisgarh. Despite the prevailing economic slowdown, the expansion programmes of these public sector entities are going on full swing, Rastogi said, adding that SAIL is likely to hit the capital market to raise funds for the capacity augmentation.
National Mineral Development Corporation (NMDC), the Hyderabad-based public sector undertaking, is the first PSU to come up for divestment during the current financial year.
The companies that have signed these pacts with the India chapter of the Berlin-based Transparency International include PSU majors such as GAIL (India), Coal India, Oil and Natural Gas Corporation, Steel, Hindustan Petroleum Corporation, Steel Authority of India, National Mineral Development Corporation and Rashtriya Ispat Nigam. In fact, 12 of the 14 companies that signed the pact, did so in the last six months.
It is the diamond in Africa and Russia that is dazzling India these days. India is planning joint ventures with diamond mining companies across Russia, Africa and the CIS nations.
NMDC pitted against Tatas, Essar on Bailadila deposits.
India's public sector steel companies will spend a whopping Rs 230 crore (Rs 2.30 billion) on corporate social responsibility to build 'Model Steel Villages' across the country during the current financial year.
So far, rough diamonds mined from the Panna mines in Madhya Pradesh were auctioned online but displayed only at Panna.
The Maoists also looted 14 Self Loading Rifles, one 9 mm pistol, two wireless sets and huge amounts of explosive material, including detonators and fuses, stocked by the PSU for its own mining activities.
ONGC is the country's most profitable PSU.
Naxals looted six automatic weapons -- two AK-47s and as many INSAS and self loading rifles -- of the deceased personnel.
Naxals allegedly set on fire a conveyor belt of National Mineral Development Corporation in Chhattisgarh's Dantewada district in the wee hours on Wednesday causing production disturbance to the tune of 40,000 tonnes.
Naxal violence in Orissa has also put several investment proposals in jeopardy.
Some overseas investors refuse to be part of roadshows, citing environment risks
Rising oil prices and diminishing cash pile to limit capacity in 2018-19
Large and small businesses alike have delivered low-key performances.
Projects include steel plant & railway line; Modi's visit first by a PM to the tribal belt in 30 yrs
When big offers hit the market, broader indices corrected 2-4%
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
It is the low cost of iron ore extracted from their adivasi homeland mines that enables steelmakers like Tata Steel and Essar, and miners like NMDC, not only to be among the most profitable companies in India, but also gives it the financial muscle to make huge overseas acquisitions. Ultimately, it is the poor adivasi who pays for it with his home and hearth and gets no credit for it! Either from the State, which connives in their exploitation, or the industry that lords over their resources, says Mohan Guruswamy.
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