KARNATAKA GOLD DISCOVERY
Dig our own backyard: India has a vulnerability that it needs to address on a war footing
LPG crisis: India faces a critical challenge with its heavy reliance on imported oil, gas, and minerals. This dependency poses significant economic risks. The current policy framework, focused on revenue and transparency, has not reduced imports. A new approach is needed, prioritising production and encouraging private investment in underperforming assets.
Karnataka villagers unearth buried pot of gold during house construction, but it’s not what you think
A routine construction in Lakkundi unearthed a pot of gold ornaments, sparking local excitement. However, the State Archaeology Department clarified the find, dating back nearly 1,000 years, consists of ordinary household jewellery, not royal treasure. The family who discovered the gold seeks its return or compensation, while it remains in official custody.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 32%
Even though the bulls are making a comeback, market volatility can return at any point. So, there are some things one should be cautious about, and prepared for, as investors. As you lean toward being bullish, remember this caveat for the near term: Any return of the currency wars means all bets are off the table. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Karnataka teenager finds over 1 kg of 100-year-old gold and copper jewellery while digging at home, hands items to govt
A 14-year-old boy in Gadag district discovered a trove of gold and copper ornaments while digging for a house. But instead of keeping it at home, Prajwal Basavaraj Ritti handed over the treasure to the district administration, earning praise for his honesty. The government is considering rewarding the family with 20% of the treasure's value.
From Super Zindagi to Bigg Boss Malayalam Season 7: Check these Malayalam OTT releases on Netflix, JioHotstar, Prime Video
Malayalam OTT platforms are gearing up for an exciting August. SunNxt will release 'Surabhila Sundara Swapnam', a thriller about self-discovery. ManoramaMAX offers 'Super Zindagi', a comedy-drama treasure hunt. JioHotstar brings back 'Bigg Boss Malayalam Season 7' with a 'hell and heaven' theme. ManoramaMAX is currently streaming 'Samshayam', an emotional drama exploring trust and relationships.
Karnataka, Rajasthan begin auction of exploration licences for critical minerals
Karnataka and Rajasthan have initiated the auction of Exploration Licence (EL) for critical and deep-seated minerals. The move, the first of its kind in India, aims to explore difficult-to-mine minerals like Cobalt, Lithium, Nickel, Gold, Silver, and Copper. The Mines and Minerals (Development and Regulation) Act, 1957, was amended in September 2023 to introduce new mineral concessions for 29 critical minerals.
India's first large private gold mine to begin full-scale production by end of next year: DGML MD
Deccan Gold Mines Ltd is set to begin full-scale production at its Jonnagiri gold project in Andhra Pradesh by the end of next year. The mine, which is the country's first large private gold mine, is expected to produce about 750 kilograms of gold per year. The company has invested around Rs 200 crore in the project so far and is currently producing about one kilogram of gold per month.
FM Nirmala Sitharaman urges startups to cash in on global demand for millets
The world will observe 2023 as the international year of millets, and India is the largest producer of millets, Sitharaman said, addressing the 105th annual general meeting (AGM) of the Federation of Karnataka Chambers of Commerce & Industry (FKCCI).
How politics reduced Tipu Sultan from a national hero to a controversial figure
It is common in every household of south Karnataka to address their kids as Tipu Sultan till date. In Mysuru, the historical and cultural capital of Karnataka, Tipu Sultan is known to be a valiant king who faced the British with all his might.
All that glitters in Indian mining is not gold say exploration companies
The Narendra Modi government wants to put mineral areas that it has, and may not have, up for bidding. These include five-hundred odd mineral deposits that companies like Deccan Gold claim vested rights to under a section of the Mines and Minerals (Development and Regulation) Act, 2015 that the Mines Ministry now wants to delete.
Niti Aayog warns mines ministry against cancellation of pending claims
As part of major reforms announced recently, the Centre is reported to be considering deletion of a provision in the Mines and Minerals (Development and Regulation) Act, 2015 that guarantees a successful explorer the right to move ahead --from a reconnaissance permit to a prospecting licence, or from a prospecting licence to a mining lease.
CSB Bank IPO subscribed 1.7 times on Day 2 so far
Headquartered in Kerala, CSB Bank is among the oldest private sector bank in India.
Banks opening up loan window to high rated gold jewellers, but no respite for smaller ones
Banks across the board have restricted lending to jewellers after the Rs 13,700-crore Punjab National Bank scam involving diamond merchant Nirav Modi erupted early this year.
Robert Bruce Foote: The geologist who unearthed south India's pre-history
Foote set up the Mysore Geological Department in Bengaluru.
Vedanta sees golden opportunity to buy Deccan Gold Mines
Vedanta is negotiating to buy a 26% stake to begin with and that in turn will trigger an open offer, giving it the opportunity to get a controlling ownership, sources said.
MMDR Act set for a revamp, government may issue an ordinance to allocate minerals through auctions
Increasing the size of the lease area will help companies such as Rio Tinto while allowing sale or transfer of lease will help deeppocked groups such as the Jindals and the Tatas.
India-born professor Kattesh Katti’s research shows green tea, gold can treat prostate cancer
Born in Dharwad in a joint family of 30 members, Katti went to a nearby school and picked up an interest in science early on.
GSI findings indicate new copper and gold deposits in 3 states
Geological Survey of India has come up with findings that indicate the presence of new copper and gold deposits in Rajasthan, Karnataka and Uttar Pradesh
Hunt on for hidden treasure of Vijayanagara empire
The treasure trove at the 16th century Sri Padmanabhaswamy temple worth over Rs 1 lakh crore is believed to be the largest discovery of its kind in India
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