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The allotment results for NSDL’s Rs 4,011.60-crore initial public offering

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The allotment results for NSDL’s Rs 4,011.60-crore initial public offering (IPO) is set to be announced Monday i.e. August 4, following an overwhelmingly positive response from investors. The IPO, priced

Technically, Gold on COMEX was not able to breach the important $3280 mark on the lower side, hence some upside could be seen from these levels. (AI image) Gold price

In a significant development for the Indian financial markets, the net inflow of foreign portfolio investors (FPI) into the Indian primary market has reached a seven-month high of $1.7 billion

Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting August 4, 2025) are Suzlon, and

Mumbai: The less, the merrier – that’s the mantra in the startup and venture capital space, where there’s an increasing shift towards building smaller teams. More investors are now also

Mumbai: The country’s oldest bad loan company, IPO-bound Arcil (Asset Reconstruction Company of India) , gives an insight into the future of loan recovery for retail loans in its offer

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JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Critical minerals push: India to make rare earth magnets in Hyderabad; G Kishan Reddy says move to cut China reliance

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Critical minerals push: India to make rare earth magnets in Hyderabad; G Kishan Reddy says move to cut China reliance

India will begin domestic production of rare earth magnets in Hyderabad in a bid to reduce reliance on Chinese imports and strengthen its position in critical technology manufacturing, Union Coal and Mines minister G Kishan Reddy said on Saturday.Speaking to ANI, Reddy said the Centre has tasked the National Institute for Transforming Science and Materials (NFTSM), under the Ministry of Mines, with driving this initiative in partnership with industry players. “The central government has decided to produce rare earth magnets in Hyderabad. Our Mining Ministry’s NFTSM institute is working diligently, along with various industries, to manufacture the necessary machinery,” he said.Reddy added that a demonstration of India’s indigenous capabilities in manufacturing permanent magnets would be ready within the next 3-4 months. “This initiative involves collaboration between industry, mining, and other ministries, and has been discussed with Prime Minister Narendra Modi. The Central Government is working seriously towards the production of rare earth magnets,” he said.The move comes in response to China’s decision earlier this year to restrict exports of certain rare earth materials. “We were 100% dependent on China for rare earth permanent magnets, but recently China denied supplying to us,” the minister said.In April 2024, China imposed export controls on a list of rare earth-related items, triggering supply disruptions globally and prompting countries like India to fast-track domestic production plans.Industry bodies have welcomed the government’s efforts. Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), praised the initiative, particularly the incentives being considered to support magnet manufacturing.The push to develop rare earth capabilities falls under the broader Critical Mineral Mission announced by Finance Minister Nirmala Sitharaman in the 2024-25 Union Budget. In January 2025, the Cabinet approved the launch of the National Critical Mineral Mission (NCMM), with a budgeted expenditure of Rs 16,300 crore and an expected investment of Rs 18,000 crore by public sector undertakings.Rare earth magnets are key components in a range of high-tech applications including electric vehicles, mobile phones, wind turbines, and defence systems.





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