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US Denies Iran Report On Draft Peace Deal To Reopen Hormuz
Iran and the US are negotiating to extend their ceasefire by around two months and reopen the vital Strait of Hormuz.
Global power equations to shift further towards energy, critical minerals: Former Vedanta Group CEO
Global power is shifting towards energy security and resource control. Geopolitical tensions are reshaping industrial supply chains. Critical minerals are becoming as vital as oil was. Countries controlling these resources will gain leverage. India must accelerate domestic exploration and build processing ecosystems. Future economic strength depends on securing energy and critical minerals.
Monetise idle household gold, ease compliance burden to build Viksit Bharat: Kotak MF's Nilesh Shah
Nilesh Shah of Kotak Mutual Fund suggests India must unlock its vast household gold reserves. He also calls for easing business regulations. These steps are crucial for India's development. He highlighted significant gold imports and the potential of gold financing. Entrepreneurs are driving innovation despite challenges. Support for businesses is vital for global competition.
Aiming at China, Quad announces massive USD 20 bn critical minerals framework
The Quad nations have launched a critical minerals cooperation framework. This initiative pledges up to USD 20 billion in capital to strengthen supply chains. The grouping expressed concerns over economic coercion. This move aims to ensure diversified and reliable access to vital minerals for advanced technologies and economic growth.
‘End of 50 years of insecurity’: Iran claims legal authority to manage Hormuz Strait
Iran's leadership asserts its "legal right" to manage the strategically vital Strait of Hormuz, claiming it will secure national interests and end regional instability. An adviser to the Supreme Leader stated this control would ensure national security and mark the end of 50 years of insecurity in the Gulf, amid heightened regional tensions.
Edible oil industry body calls for boosting output, adopting modern farming amid West Asia crisis
India's edible oil imports are a significant economic concern. The Solvent Extractors' Association of India urges increased domestic oilseed production and smarter consumption. These steps are vital for national economic and strategic resilience. The industry seeks policy support to navigate global disruptions and currency fluctuations. Focusing on self-sufficiency offers a path to avoid future crises.
Vital Farms director Cyr buys $51,120 in common stock - Investing.com India
Vital Farms director Cyr buys $51,120 in common stockInvesting.com India
Handloom, handicraft sector key employer but faces challenges
India's vital handloom and handicraft sector, employing millions, grapples with low wages and limited market reach. A recent study highlights that worker earnings fall below minimum wage standards. Many units lack e-commerce presence and export connections. Challenges include rising costs and competition. While some regions see production decline, others report growth.
MSME auto suppliers seek relief from carmakers as rising labour and input costs hurt
Small auto component suppliers are facing severe financial strain. They are urging major car makers to help manage rising wages, energy, and raw material costs. Suppliers also seek long-term partnerships over transactional deals. Industry bodies are pushing for faster price revisions and payments. This situation threatens the survival of many small businesses vital to India's auto sector.
Bengaluru Suburban Railway project progressing, says Ashwini Vaishnaw
The Bengaluru Suburban Railway Project is making strides across all four routes; with land acquisition finalised for two lines, construction of stations has kicked off, Ashwini Vaishnaw said. Meanwhile, progress continues for the remaining corridors, aided by ongoing approvals and essential surveys. This ambitious network is set to link vital hubs within the city.
Suezmax tanker with Iraqi crude reaches India after Hormuz transit
An Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital waterway are still low. This comes as the conflict enters its twelfth week. Iran has not eased its blockade of Hormuz. The tanker Karolos was seen sailing away from the strait. Vessel tracking data shows these developments.
Roche Pharma launches India’s first 7-minute injectable immunotherapy for lung cancer
Roche Pharma has introduced Tecentriq, India's first under-the-skin immunotherapy for lung cancer. This new injection takes about seven minutes, a significant improvement over lengthy intravenous treatments. This advancement prioritizes patient experience and quality of life. It offers a quicker, easier way for patients to receive vital cancer care. The drug is approved for non-small cell lung cancer.