New Delhi, June 4 (IANS) Prime Minister Narendra Modi on Thursday called Venezuela a “valued partner” in Latin America, asserting that India-Venezuela cooperation holds “immense importance” for the Global South community. “Happy to meet with the Acting President of Venezuela, Ms. Delcy Rodriguez. We had extensive discussions on expanding our cooperation in energy, critical minerals, technology, agriculture, health and people-to-people ties,” PM Modi wrote on X after the meeting.“As a value…
Latest Mining News & Updates
New Delhi, May 26 (IANS) The India-led Quad, comprising India, Australia, Japan and the United States, has announced plans to mobilise up to $20 billion in combined government and private sector investment to strengthen critical minerals supply chains and reduce dependence on concentrated global sources, according to a framework released on Tuesday.Under the Quad Critical Minerals Initiative Framework, the partner countries said they intend to support the development of secure, diversified and r…
New Delhi, May 26 (IANS) India and the US on Tuesday signed a strategic agreement to deepen cooperation in critical minerals and rare earths which constitute key materials for making semiconductors, electric vehicles, solar panels and high-tech defence products.The pact comes in the backdrop of growing global concerns on China’s dominance over these critical inputs which gives the communist giant the power to disrupt global supply chains.The agreement was signed during the Quad Foreign Ministe…
New Delhi, May 11 (IANS) There was a decline in urban unemployment during the January-March quarter of the current year, along with an increase in rural employment in both the secondary and tertiary sectors, according to a statement issued by the Ministry of Statistics on Monday.Overall unemployment rate (UR) in urban areas for persons of age 15 years and above exhibited a declining trend 6.6 per cent during the quarter January-March 2026 compared to 6.7 per cent in the previous quarter.In rural…
Guna (Madhya Pradesh), May 10 (IANS) Adani Enterprises Director Pranav Adani said on Sunday that the Adani Group is poised to create 120,000 new jobs In Madhya Pradesh by 2030 across various sectors ranging from cement and mining to power.He was addressing the gathering at the inauguration of Adani Group’s new cement plant here in the presence of Madhya Pradesh Chief Minister Mohan Yadav and Union Minister Jyotiraditya Scindia.Pranav Adani highlighted that during the Global Investors Summit he…
Port Sudan, May 5 (IANS) India and Sudan held the ninth round of Foreign Office Consultations in Port Sudan, discussing progress in bilateral ties across various sectors. The officials of the two nations also spoke on regional issues of mutual interest. “9th round of India-Sudan Foreign Office Consultation was held in Port Sudan on 4 May 2026, co-chaired by Joint Secretary (WANA) and Undersecretary of Foreign Affairs and International Cooperation of Sudan,” the Ministry of External Affairs (MEA)…
Jaipur, May 1 (IANS) On the occasion of International Workers’ Day, former Rajasthan Chief Minister Ashok Gehlot expressed serious concerns over the condition of workers across the country, particularly in Rajasthan, while also commenting on recent political developments, including exit polls related to West Bengal.Addressing the media at his residence in Civil Lines, Gehlot said the situation of labourers remains “extremely grave”, alleging that many workers are still not receiving even the…
Mumbai, April 15 (IANS) Industrial gearbox manufacturer and a premier material handling equipment (MHE) provider Elecon Engineering Company Limited on Wednesday reported a sharp 96 per cent drop in its net profit to Rs 6 crore for the fourth quarter (Q4) of FY26, mainly due to a large exceptional loss during the period.The company had posted a net profit of Rs 146.48 crore in the same quarter previous financial year (Q4 FY25), according to its stock exchange filing.The steep decline in profit wa…
New Delhi, April 9 (IANS) Ferrous players are likely to post strong fourth quarter (Q4) results as hot‑rolled coil and rebar prices rose sharply, driving realisations and offsetting higher coking coal costs, a report said on Thursday.The report from Emkay Global Financial Services said that “COAL is likely to report strong on-quarter EBITDA growth, among mining stocks, surging over 46 per cent or Rs 115 billion”. The growth is supported by higher e‑auction realisations and improved offta…
New Delhi, March 30 (IANS) India’s construction players are expected to witness a revenue growth of 6-8 per cent in 2026-27 after two bleak years, a report said on Monday.Construction revenue growth is likely to remain muted in 2025-26 at 2 to 4 per cent, with increased pressure on road contractors, the report from ICRA said.The shrinking order books for road contractors amid muted project awarding by the Ministry of Road Transport and Highways led to the muted growth.Further, a slowdown in Ja…