Related News

India may consider relaxing certain restrictions on foreign direct investment from China as ties with Beijing show signs of thawing, a senior government official said. “If need be, we can

A day after the 50% tariff imposed by the US on Indian goods came into effect, Maruti Suzuki India chairman RC Bhargava said that India should stand united to face

The Indian aviation sector is expected to encounter greater turbulence in FY2026, with projected net losses that can climb to Rs 95,000 to Rs 1,05,000 crore compared to Rs 55,000

Kevin Hassett (Image: X@/ani_digital) Donald Trump’s 50 percent tariffs on Indian exports to the US took effect on Wednesday, with White House officials linking the move to both trade disputes

The government on Thursday announced a three-month extension for duty-free cotton imports, allowing the benefit to continue until December 31 to aid textile exporters hit by 50 percent US tariffs.“In

Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

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

Mineral push hit: Govt cancels auction of 5 critical mineral blocks, rare earth mines among those withdrawn

Word Count: 573 | Estimated Reading Time: 3 minutes


Mineral push hit: Govt cancels auction of 5 critical mineral blocks, rare earth mines among those withdrawn

The government has cancelled the auction of five critical mineral blocks, including a rare earth element (REE) mine in Karnataka, in the fifth round of sale after receiving poor response, according to a notice issued by the mines ministry.No bids were received for three of the blocks — two glauconite mines in Gujarat and Chhattisgarh and a nickel and PGE (platinum group element) block in Karnataka — leading to their cancellation, PTI reported. In addition, auctions for a tungsten mine in Maharashtra and an REE block in Karnataka were annulled as they did not attract the minimum three technically qualified bidders.The fifth tranche of auctions was launched in January with 15 blocks on offer. Of these, 10 blocks have been successfully auctioned. They comprise critical and strategic minerals such as graphite, phosphorite, phosphate, REE, vanadium, potash and halite across Chhattisgarh, Karnataka, Odisha, Rajasthan and Uttar Pradesh.Coal India, Oil India, NLC India and Vedanta Group’s Hindustan Zinc were among the firms that secured key mineral assets in this round. So far, 34 mineral blocks have been auctioned across five tranches out of the 55 put on sale.The auctions are part of the government’s broader push to strengthen domestic supply chains and reduce import dependence in critical minerals. These resources — including copper, lithium, nickel, cobalt and rare earths — are seen as essential for scaling up clean energy technologies





Source link

Most Popular Articles