Demand for rare earth permanent magnets in India is projected to double by 2030. Stressing on the importance of self-reliance, Union Minister of Mines and Coal G Kishan Reddy on Thursday said that India aims to begin domestic production of rare earth permanent magnets by year-end through collaboration with private industry.Reddy stressed on the strategic…

India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…

New Delhi: Microsoft president Brad Smith, in an interview, outlined the opportunities and responsibilities AI presents for the Global South, with a particular focus on India. He noted the need for digital sovereignty, and India-US collaboration through trade agreements to protect sovereignty while enabling cross-border innovation. Smith said India is Microsoft’s second-largest employee base, with…

Gold and silver price prediction: Gold may extend its rally to the Rs 1,63,000 per 10 grams mark and silver has managed to sustain support, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook On the weekly chart, MCX Gold has been moving in a consolidation phase after…