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Gautam Adani Secures Ore for $1.2 Billion Copper Smelter In Gujarat's Mundra
Billionaire Gautam Adani's conglomerate has signed contracts to buy 1.6 million tons a year of copper concentrate for the world's largest single-location smelter for the industrial metal.
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Diamond Hub Surat Aims To Outshine World As Largest Office Opens Tomorrow
A new office complex that surpasses the Pentagon in size is set to officially open on Sunday in Surat, cementing the city's ambitions to become the world's diamond capital.
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Billionaire Mining Tycoon In India Fights To Clear Vedanta's Debt
Billionaire tycoon Anil Agarwal's Vedanta Resources Ltd. has close to $2 billion of bonds to settle in 2024 - half of which is due in January.
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PM Modi's Plan To Unlock Gold Gets New Focus With Widening Trade Gap
India's wide trade deficit is highlighting a curious plan to rein in the gap: Getting people to hand over their private stashes of gold jewelry.
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Vedanta Chairman Faces Key Vote For Plan To Tap Cash Reserves
Billionaire Anil Agarwal'sVedanta Resources Ltd. will seek shareholder approval next week for a plan that could shore up cash flow and help boost bonds due next year, even as credit markets signal longer-term concern about its debt.
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India Hit By Emerging Market Investor Exodus As Rupee Tumbles
Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India's currency hit new lows, prompting the government to curb gold imports and oil exports to arrest a widening deficit.
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Gold For $1 Online: Indians Log On To Buy, Buy, Buy
Jewelers in India have started selling gold for a little over $1 online after the pandemic upended sales, forcing them to reassess traditional ways of doing business.
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Indians Sell Their Gold As Covid 2nd Wave Pushes Millions Into Poverty
Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children's education after losing his job on a cruise liner.
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"In God's Hands": Tens Of Millions Plunge Into Poverty In Covid-Hit India
A mathematical model prepared by advisers to Prime Minister Narendra Modi suggests India's coronavirus outbreak could peak in the coming days, but the group's projections have been changing and were wrong last month.
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As PM Modi Urges "Lockdowns Only As Last Resort", What Economists Say
Prime Minister Narendra Modi, who last year imposed a strict lockdown on short notice, asked states to avoid shutting businesses as India grapples with a new wave of Covid-19 infections that threatens a nascent economic revival.
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In Karnataka, New $800 Million Factory Aims To Take On A Big China Monopoly
The son-in-law of India's biggest steel tycoon is betting big on converting coal tar into graphite anodes for electric-car batteries in a bid to test China's monopoly in the sector.
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Gold Lenders Cut Loan Duration, Seek More Guarantees Due To Price Decline
Muthoot Finance is offering discounts on interest rates to borrowers who chose to repay monthly or more frequently and Muthoottu Mini Financiers is mostly lending for 90 days now versus 270 previously
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Vedanta's Anil Agarwal Raises Open Offer Price For India Unit To Rs 235 A Share
The London-based Vedanta Resources will now seek to buy 17.51 per cent of Mumbai-listed Vedanta at Rs 235 ($3.24) a share, it said in an exchange filing Tuesday
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India's Biggest Jeweler IPO Opens Next Week as Economy Recovers
The Kerala-based jewelry maker plans to sell shares worth 11.75 billion rupees ($161.2 million) between March 16 and March 18, the company said in a statement Thursday.
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iPhone Makers Among Companies Cleared For $143 Billion Make-In-India Plan
Major iPhone assemblers for Apple Inc were among 16 companies that won approval to manufacture products in India under a plan aimed at attracting investment of more than Rs 10.5 trillion ($143 billion) for mobile-phone production over the next five years.
-
Gautam Adani Secures Ore for $1.2 Billion Copper Smelter In Gujarat's Mundra
Billionaire Gautam Adani's conglomerate has signed contracts to buy 1.6 million tons a year of copper concentrate for the world's largest single-location smelter for the industrial metal.
-
Diamond Hub Surat Aims To Outshine World As Largest Office Opens Tomorrow
A new office complex that surpasses the Pentagon in size is set to officially open on Sunday in Surat, cementing the city's ambitions to become the world's diamond capital.
-
Billionaire Mining Tycoon In India Fights To Clear Vedanta's Debt
Billionaire tycoon Anil Agarwal's Vedanta Resources Ltd. has close to $2 billion of bonds to settle in 2024 - half of which is due in January.
-
PM Modi's Plan To Unlock Gold Gets New Focus With Widening Trade Gap
India's wide trade deficit is highlighting a curious plan to rein in the gap: Getting people to hand over their private stashes of gold jewelry.
-
Vedanta Chairman Faces Key Vote For Plan To Tap Cash Reserves
Billionaire Anil Agarwal'sVedanta Resources Ltd. will seek shareholder approval next week for a plan that could shore up cash flow and help boost bonds due next year, even as credit markets signal longer-term concern about its debt.
-
India Hit By Emerging Market Investor Exodus As Rupee Tumbles
Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India's currency hit new lows, prompting the government to curb gold imports and oil exports to arrest a widening deficit.
-
Gold For $1 Online: Indians Log On To Buy, Buy, Buy
Jewelers in India have started selling gold for a little over $1 online after the pandemic upended sales, forcing them to reassess traditional ways of doing business.
-
Indians Sell Their Gold As Covid 2nd Wave Pushes Millions Into Poverty
Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children's education after losing his job on a cruise liner.
-
"In God's Hands": Tens Of Millions Plunge Into Poverty In Covid-Hit India
A mathematical model prepared by advisers to Prime Minister Narendra Modi suggests India's coronavirus outbreak could peak in the coming days, but the group's projections have been changing and were wrong last month.
-
As PM Modi Urges "Lockdowns Only As Last Resort", What Economists Say
Prime Minister Narendra Modi, who last year imposed a strict lockdown on short notice, asked states to avoid shutting businesses as India grapples with a new wave of Covid-19 infections that threatens a nascent economic revival.
-
In Karnataka, New $800 Million Factory Aims To Take On A Big China Monopoly
The son-in-law of India's biggest steel tycoon is betting big on converting coal tar into graphite anodes for electric-car batteries in a bid to test China's monopoly in the sector.
-
Gold Lenders Cut Loan Duration, Seek More Guarantees Due To Price Decline
Muthoot Finance is offering discounts on interest rates to borrowers who chose to repay monthly or more frequently and Muthoottu Mini Financiers is mostly lending for 90 days now versus 270 previously
-
Vedanta's Anil Agarwal Raises Open Offer Price For India Unit To Rs 235 A Share
The London-based Vedanta Resources will now seek to buy 17.51 per cent of Mumbai-listed Vedanta at Rs 235 ($3.24) a share, it said in an exchange filing Tuesday
-
India's Biggest Jeweler IPO Opens Next Week as Economy Recovers
The Kerala-based jewelry maker plans to sell shares worth 11.75 billion rupees ($161.2 million) between March 16 and March 18, the company said in a statement Thursday.
-
iPhone Makers Among Companies Cleared For $143 Billion Make-In-India Plan
Major iPhone assemblers for Apple Inc were among 16 companies that won approval to manufacture products in India under a plan aimed at attracting investment of more than Rs 10.5 trillion ($143 billion) for mobile-phone production over the next five years.
