The Indian government has sanctioned a Rs 7,300 crore scheme aimed at boosting domestic rare earth production and diversifying supply chains away from China. This initiative seeks to strengthen India’s strategic and economic position in the global critical minerals market. India approves Rs 7,300 crore rare earth scheme to boost domestic production and reduce dependence…
Prime Minister Narendra Modi has lauded the recently signed India-UK trade agreement, emphasizing its role in creating jobs, enhancing bilateral trade, and fostering economic cooperation. The deal underscores the natural partnership between the two nations and is expected to deliver mutual benefits across various sectors. PM Modi hails India-UK trade deal boosting job creation, trade…
China, holding a dominant position in heavy rare earth elements, has requested India to guarantee that magnets produced using these materials will not be re-exported to the United States. This move underscores the ongoing strategic competition over critical minerals essential for advanced technologies. China demands India ensure heavy rare earth magnets are not re-exported to…
Madhya Pradesh Chief Minister Shivraj Singh Chouhan emphasized India’s need to pursue a self-reliant economic path in light of escalating global trade tariffs, describing tariffs as the new weapons in international commerce. Speaking on October 9, Chouhan highlighted the importance of domestic manufacturing and reducing import dependency to safeguard India’s economic sovereignty. Madhya Pradesh CM…
Gold exchange-traded funds (ETFs) in India witnessed a historic surge in September 2025, with inflows quadrupling to a record Rs 8,363 crore. This significant rise propelled the total assets under management (AUM) of gold ETFs up by nearly 24%, reflecting growing investor interest in gold as a financial asset. Gold ETFs in India hit record…
Silver prices in India surged to a lifetime high of Rs 1.85 lakh per kilogram on Tuesday, driven by robust festive demand and a weakening rupee. The rally in white metal marks a significant milestone amid increased investor interest and global bullion market trends. Silver price hits a lifetime high of Rs 1.85 lakh/kg in…
The International Monetary Fund (IMF) has upgraded India’s GDP growth forecast for 2025 to 6.6%, citing strong domestic economic performance. However, the IMF lowered the outlook for 2026 due to potential adverse effects from US tariffs implemented during the Trump administration. IMF raises India’s 2025 GDP growth forecast to 6.6% but lowers 2026 outlook due…
AMD CEO Lisa Su, cousin of Nvidia’s Jensen Huang, is aggressively positioning her company to rival Nvidia’s dominance in the AI semiconductor market. Leveraging cutting-edge technology and strategic investments, AMD aims to capture a larger share of the rapidly growing artificial intelligence hardware industry. AMD CEO Lisa Su challenges Nvidia’s AI dominance with innovative semiconductor…
JPMorgan Chase CEO Jamie Dimon announced a massive $1.5 trillion investment plan aimed at expanding the bank’s expertise by hiring more skilled professionals. The investment underscores JPMorgan’s commitment to growth and innovation in the evolving financial sector. JPMorgan announces a $1.5 trillion investment plan focusing on hiring expert professionals to drive growth and innovation in…
Indian households currently possess an estimated $3.8 trillion worth of gold, underscoring the country’s enduring affinity for the precious metal. Morgan Stanley’s recent analysis highlights the scale of gold holdings in India and its implications for the economy and investment landscape. Morgan Stanley reports Indian households hold $3.8 trillion in gold, highlighting its cultural and…
