24 CRITICAL MINERALS
Coal India shares fall 3% after Q2 results; Jefferies, Motilal Oswal, others cut target price
Coal India shares fell 3% despite a 57% year-on-year rise in Q2 FY27 net profit to Rs 6,547 crore. Jefferies and JM Financial cut their target prices to Rs 460 and Rs 438, respectively, while Motilal Oswal retained its Buy rating with a Rs 450 target, citing a potential volume recovery.
Metals thrust, strong growth engines power Vedanta's stellar July-September
The metals-to-oil conglomerate's profit in Q2 was boosted by higher base metal prices. Vedanta attributed its robust Q2 show to higher commodity prices and favourable foreign exchange movements, among other things.
India's emerging sectors to drive capex, credit demand towards storage, semiconductors: Report
Financing demand in India's emerging sectors is expected to shift towards battery storage, semiconductor packaging, green hydrogen projects with assured buyers and defence suppliers over the next three to five years, as investments in new growth industries create opportunities for banks, according to a Union Bank of India research report.
Financing demand set to shift to emerging sectors like AI, semiconductors: Report
India’s emerging sectors are set to attract fresh bank financing over the next three to five years, with AI, semiconductors and defence leading investment opportunities, according to a Union Bank of India report. Battery storage, green hydrogen, semiconductor packaging and defence suppliers could gain funding as industries expand. However, technology obsolescence, uncertain revenues and long payback periods remain key lending risks.
Drill, baby, drill: China turns the screws, India looks for own tools
China’s new export controls on tunnel boring machines (TBMs) have highlighted India’s reliance on overseas suppliers for specialised infrastructure equipment even as the government moves towards a $1.2 billion incentive scheme to expand domestic manufacturing. The proposed package aims to attract $1.8 billion in investment over seven years, but the bigger challenge will be building local capabilities in high-value components and machinery rather than simply replacing Chinese imports.
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Skyroot eyes funding boost; MDR deferment cheers D2C brands
Happy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today’s ETtech Morning Dispatch.
Groww Q2 profit jumps; Hocco eyes big funding scoop
Groww reported strong quarterly earnings in the July-September period. This and more in today’s ETtech Top 5.
PM Modi's free trade push could lead to $140 billion GDP gain for India
A more protectionist US could unexpectedly benefit India as New Delhi expands its free-trade agreements (FTAs) to diversify export markets and attract investment. A World Trade Organization-based model estimates that India’s concluded and proposed trade deals, including agreements with the EU and New Zealand, could add about $140 billion to GDP by 2035, lifting it 1.7% above the baseline.
Indian private sector to bolster nuclear energy capacity by 2047: Atomic Energy Commission Chief
India's Atomic Energy Commission Chairman A K Mohanty announced potential private sector contributions to nuclear power capacity. The country aims to achieve a target of 100 gigawatts by 2047. With 25 percent of the world's thorium reserves, India's nuclear program can progress further. This initiative could attract an estimated investment of ₹7.5 lakh crore in the nuclear energy sector.
China, US slash tariffs on USD 30 billion on imports: Chinese Commerce Ministry
In a significant development, China and the United States have finalized ten key outcomes during their recent economic and trade discussions. Among these, both nations agreed to implement reciprocal tariff reductions valued at USD 30 billion on each other's imports.
Behind bigger price tags hides a fault line in India’s growth story
India’s consumer durables face a third price hike in 2026 as copper, steel, aluminium, resin, logistics and energy costs surge. LG, Daikin, Voltas, Samsung and Godrej are raising appliance prices ahead of Diwali. The pressure exposes India’s dependence on imported components and highlights why deeper localisation, domestic manufacturing and stronger supply chains are critical to containing global cost shocks.
Xi-Trump summit: China gains diplomatic leverage as US-China trade truce extends, Taiwan tensions persist
Seema Sirohi provides insight into the recent summit held between Trump and Xi, focusing on their efforts towards achieving a trade truce. The leaders tentatively agreed on lowering tariffs and creating a framework for AI safety, all while navigating other geopolitical matters. The conversation revealed a shift in US-China relations, particularly with Xi's heightened stance on Taiwan.
Pandas then, pandas now: Trump and Xi are well past Nixon-era magic
Donald Trump and Xi Jinping recently met in Washington to symbolize cooperation in US-China relations. The summit featured the announcement of two pandas to Zo Atlanta as a gesture of friendship. They extended a trade truce rather than resolving major economic disputes or tariffs. Despite strategic rivalry, both countries aim to maintain open channels for cooperation.
Economic Affairs Secretary underlines need for household savings to be channelled into India's financial system
Economic Affairs Secretary Anuradha Thakur emphasised India's potential for greater global financial integration. She highlighted the importance of household savings contributing to a stable financial system and the need for ongoing reforms.
Adani outlines road map for big Bengal push, says East must rise for Viksit Bharat to be a reality
Gautam Adani spotlighted West Bengal's pivotal role in enhancing India's economic power, citing its strategic location and other key strengths. He unveiled ambitious plans for investments surpassing Rs 1 lakh crore across diverse sectors in the state over the next ten years.
When trouble looks like it will last, staying calm is harder: 5 stocks with upside potential of up to 24%, according to analysts
The market is down again and oil is back above $100. For a while now, this is how it has been: A market that is volatile, with the bias towards falling rather than rising. And it is likely to remain like this for at least the next couple of months. It is not some sudden crisis. It is a combination of many headwinds, both global and domestic.
In 1906, John Otto, a trail builder fell in love with Colorado’s red-rock canyons; five years later, they became a national monument and he became their custodian for $1 a month
In 1906, John Otto, a trail builder fell in love with Colorado’s red-rock canyons; five years later, they became a national monument and he became their custodian for $1 a month. Otto spent years building trails, promoting the site and seeking government support. He later became its first superintendent, living in the canyons while working to make the landscape accessible to visitors.
Private sector investment key for Viksit Bharat: DEA secretary
Private sector financing is crucial for India's ambitious Viksit Bharat vision. Government budgets alone cannot meet the scale of transformation required. States are identifying sector-specific financing needs and innovative funding means. Increased domestic savings and efficient capital allocation are essential for sustained growth. Fiscal discipline and attracting more capital are vital for navigating global challenges.
What will Trump and Xi discuss in Washington next week?
US President Donald Trump will host Chinese President Xi Jinping on September 24 for their second meeting this year, with trade, Taiwan, Iran, artificial intelligence and fentanyl flows among key issues. Washington is seeking trade wins, while Beijing wants further tariff relief and concessions as tensions between the two powers persist.
Trump may hold off on new capacity tariffs as Xi meeting draws closer: Report
The United States is expected to postpone announcing new tariffs targeting what it considers excess manufacturing capacity among trading partners until after next week’s planned summit between Chinese President Xi Jinping and US President Donald Trump, Bloomberg News reported, citing people familiar with the matter.
From phones to fabs: India is building its semiconductor muscle
India's semiconductor strategy is widening from fabs to a complete ecosystem. The nation is building capabilities across design, packaging, and manufacturing. Significant government investment supports this comprehensive semiconductor value chain development. This push aligns with a growing electronics manufacturing base and global supply chain shifts. The focus is on connecting all pieces to become a durable global participant.
Trump-Xi summit: Tariffs, trade imbalance and rare earths loom over US-China talks
US President Donald Trump will host Chinese President Xi Jinping next week at the White House. Tariffs, trade imbalances, and technology competition will dominate their important discussions. Both nations have lowered tariffs, but a complex system still affects imports significantly. Despite trade friction, bilateral trade has continued to grow between the two countries. This summit aims to convert a fragile trade truce into a more durable economic framework.
Odisha govt's investor outreach event in UAE huge success, opened doors for huge FDI: CM Majhi
Odisha's Chief Minister Mohan Charan Majhi reported a successful UAE business trip. The state secured investment proposals exceeding Rs 2.43 lakh crore. These proposals span various key sectors and aim for economic diversification. The initiative generated 24 MoUs and investment intents from global investors. This outreach is expected to create over 6.18 lakh direct employment opportunities.
Odisha secures Rs 2.43 lakh crore investment proposals during UAE outreach
Odisha secured investment proposals exceeding Rs 2.43 lakh crore from the UAE. The outreach program yielded twenty-four MoUs and investment intents from various sectors. These proposed projects are expected to create over 6.18 lakh jobs in Odisha. Major companies signed MoUs for LNG storage, green energy, and housing projects. The initiative concluded with an investors' meet and engagement with the Odia diaspora.
BRICS 2026: PM Modi sits down with Putin, talks $100 bn trade by 2030; Plan to deepen defence, energy, nuclear ties
India and Russia agreed to expand industrial collaboration across manufacturing and critical minerals. They aim to reach a $100 billion bilateral trade target by the year 2030. Defence and energy cooperation progress was also reviewed by the two leaders. Discussions included boosting Make in India and reducing the trade gap. Both nations are also exploring joint energy projects and civil nuclear cooperation.
BRICS 2026: PM Modi calls for top 10 trade barriers to be removed; says India is building ‘economic bridges’ to shield Global South
Prime Minister Narendra Modi urged BRICS members to identify and remove their top 10 trade barriers as the grouping enters its third decade, saying India is building economic bridges as trade barriers rise globally. At the BRICS Business Forum, Modi also positioned India as a source of growth, stability and global solutions.
In talks with Putin, Modi raises safety of Indians in Black Sea
Prime Minister Narendra Modi and Russian President Vladimir Putin discussed the safety of Indian seafarers in the Black Sea and India’s readiness to support peace efforts in the Ukraine conflict. The two leaders agreed to target $100 billion in annual bilateral trade by 2030 and deepen cooperation across defence, energy and other sectors.
From G7 to D10: Why the world's democracies should finally name their coalition
Global summits highlight a multipolar world order and competing national interests. Industrial democracies informally assemble, behaving like a D10 coalition. This grouping commands significant global GDP and economic influence. India's consistent participation makes it indispensable to these discussions. The time has arrived for this informal arrangement to gain formal recognition.
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