TECHNOLOGY ENABLED MINERAL EXCHANGE
Turtlemint Q2 net loss narrows 67% to Rs 26 crore, revenue rises 35%
The improvement was driven by an expansion in insurance distribution through Turtlemint's network of advisors, alongside higher renewal income, which carries better margins than commissions earned on new policy sales.
Use FTAs to build joint ventures, explore investment opportunities: CII President to industry
R Mukundan, the CII President, stressed the crucial role of Free Trade Agreements (FTAs) in fostering joint ventures and enhancing investment prospects. He noted India's resilient economic growth, even faced with global challenges like geopolitical tensions and elevated energy prices. The broadened scope of India's FTAs promises to enrich economic interactions and spur advancements in emerging technologies such as AI and biotechnology.
Bright Outdoor Media moves to BSE, NSE main boards, eyes expansion in digital advertising
Bright Outdoor Media has moved its shares to the main boards of BSE and NSE. The company aims to expand its outdoor advertising network and digital billboard portfolio. Founded in 1980, it operates over 1,350 hoardings and 50 digital LED billboards in Mumbai. The transition follows its listing on the SME platform in March 2023, establishing a significant moment for the OOH advertising industry.
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Centre bans export of Li-ion battery waste, scrap to boost domestic recycling and critical mineral recovery
India has imposed an immediate ban on the export of lithium-ion battery black mass to strengthen its local recycling ecosystem. This decision aims to enhance domestic recovery of critical minerals, such as lithium and cobalt, which are vital for technology and energy sectors. The prohibition will ensure that battery waste generated in India is processed locally and improves utilization of recycling capacities.
NCDEX launches India's first steel scrap futures contract to help industry hedge price risks
NCDEX has launched India's first PRA-based steel scrap futures contract, offering steelmakers and traders an organised hedging mechanism. Based on HMS 80:20, the cash-settled contract aims to improve price transparency and benchmark discovery.
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Indian diaspora a "living bridge between India and world": EAM Jaishankar at 19th Pravasi Bharatiya Divas website launch
External Affairs Minister S Jaishankar highlighted the role of the Indian diaspora at the launch of the 19th Pravasi Bharatiya Divas 2027. The event will take place in Kolkata from January 7 to 9, 2027, in cooperation with the West Bengal government. This year’s theme focuses on reconnecting the diaspora with their roots and heritage.
In the 1920s, Madrid, New Mexico, grew into a coal-mining town of 2,500; by 1960, only two families remained as demand for coal declined
Once a bustling coal mining hub, Madrid, New Mexico, boasted around 2,500 residents until the arrival of natural gas in 1949 prompted a swift decline in coal usage. By 1960, only two families remained amidst a landscape of deserted homes and shops. However, the 1970s ushered in a renaissance as artists and craftsmen rejuvenated the area, transforming Madrid into a vibrant tourist attraction while preserving its rich mining history.
How can senior HR leaders prepare themselves to drive enterprise transformation through people?
ISB Executive Education’s 43-week Chief Human Resources Officer Programme equips senior HR leaders with the strategic judgement, business acumen and leadership capabilities to translate human capital into sustained enterprise value.
Global credit conditions to weaken next year: Moody's
Moody’s Ratings expects global credit conditions to weaken in 2027 as higher financing costs and elevated energy prices create pressure across sectors, even as major economies continue to grow. The agency said tariffs, regulation, export controls and strategic government investment will increasingly shape credit risks, trade and capital allocation. Higher refinancing costs are likely to weigh on highly leveraged borrowers and those facing near-term maturities, while banks and life insurers could benefit from higher rates.
Central Asia's biggest state holds mega business meet in USA
The forum was organized by Kazakhstan’s Ministry of Foreign Affairs in cooperation with the Atameken National Chamber of Entrepreneurs and the U.S. Chamber of Commerce on the sidelines of the B20 Summit on Nov. 9. It brought together government officials, national companies, financial institutions and business representatives from both countries, including representatives of more than 100 American enterprises, according to a report in The Astana Times.
NMDC in talks with Russia's Rosatom over lithium investments, sources say
Indian state-run miner NMDC Ltd is in talks with Russia's Rosatom to invest in lithium projects. These discussions are part of India's strategy to secure supplies for battery and EV industries. NMDC aims to enhance its global mineral diversification strategy and has formed a team for due diligence. The Indian government is investing in domestic processing of critical minerals to reduce import dependence.
AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinsey
McKinsey said banks could reinvest half of the capacity released through automation into stronger analytical capabilities, strategic risk advisory and faster portfolio decisions. The remaining capacity could be directed towards specialised AI engineering, data governance and platform development.
NSE rolls out direct-to-chip liquid cooling to scale AI computing capabilities; plans to scale GPU capacity beyond 80 this quarter
The NSE has deployed Direct-to-Chip Liquid Cooling technology at its on-premises data centre to support expanding AI infrastructure. The exchange plans to scale its GPU capacity to more than 80 units this quarter, with the cooling system designed to accommodate up to 224 GPUs across high-density racks.
Indian economy to grow faster, foreign capital returning to markets: NSE CEO Ashishkumar Chauhan
India's economy is projected to experience faster growth due to strong macroeconomic fundamentals and increased foreign interest. The Managing Director of the National Stock Exchange highlighted that the country is managing fiscal pressures effectively. Domestic financial savings have significantly increased, reaching nearly USD 1.4 trillion annually. Furthermore, foreign institutional investors are showing renewed enthusiasm for Indian markets ahead of the new Samvat year.
Karnataka, Uber discuss passenger safety, regulatory issues and urban transport
Karnataka Minister Priyank Kharge recently met with the Uber India Public Policy team to discuss urban mobility. The discussions emphasized passenger safety, regulatory issues, and improvements in urban commuting services. Kharge mentioned that further engagement with ride-hailing platforms will enhance public transportation. Additionally, initiatives like the Bengaluru Urban Mobility Mission are underway to address traffic management and safety.
Arunoday Singh-headed O-Health secures strategic funding
O-Health has received strategic funding from several investors to advance its healthcare technology solutions. The company aims to enhance its voice-first AI-enabled clinical pre-assessment platform for better patient information management. The investment will support the expansion into additional healthcare sectors and development of indigenous AI models and clinical hardware. O-Health plans to broaden its focus to include preventive health technologies and intelligent hospital workflows.
Centre launches ninth auction tranche for 20 critical mineral blocks, third round of exploration licences
The mines ministry has launched the ninth tranche of auctions for 20 critical and strategic mineral blocks, alongside the third tranche for exploration licence blocks. Of the 100 unique blocks offered in the first eight rounds, 64 have been auctioned. The move aims to strengthen mineral security and attract private exploration investment.
Coal gasification projects may save India Rs 1.5 lakh crore in forex over 5-7 years: Coal Ministry Secretary
Coal gasification projects are expected to provide significant foreign exchange savings for India by substituting imports. The Coal Ministry has initiated financial incentives targeted towards promoting coal gasification. Responsible mining practices are emphasized to encourage sustainable development and investment in the coal sector.
Centre proposing parity in mineral taxation, states' rights to remain intact: Union Mines Secretary
Proposed amendments to the Mines and Minerals (Development and Regulation) Act are intended to create tax parity across states. This initiative aims to reduce reliance on imports by fostering local production and processing of critical minerals. The Indian government has introduced significant subsidies to support industries establishing lithium and nickel processing facilities. Approximately 58 entities are now registered under a recycling program for electronic waste.
India announces $1.5-billion scheme to add 92 GWh energy storage capacity
India has launched a $1.5-billion initiative to boost its energy storage capacity significantly over the next few years. This scheme aims to develop 60 GWh of pumped hydro storage, 30 GWh of battery storage, and 2 GWh using new technologies. The project is expected to attract investments of around $10 billion during its implementation period. Additionally, a $300-million plan will support building domestic processing plants for lithium and nickel.
Centre, states to discuss mining and coal sector reforms at conference in Goa: Minister
The National Conference on Mining is set to take place in South Goa over two days. The event will involve the Centre and states discussing reforms and challenges in the mining sector. Key agenda items include launching new critical mineral auction tranches and enhancing transparency. Extensive discussions are planned with states to unlock the sector's potential and advance reforms.
Sebi approves Coal India unit Mahanadi Coalfields IPO
Coal India's Mahanadi Coalfields has just secured approval for an upcoming IPO, set to launch soon. This offering will potentially sell 661.8 million shares, which is equivalent to a 10% equity stake. As a vital player in India’s coal sector, the IPO anticipates raising $1 billion, thus valuing the unit at a remarkable $10 billion. The market's appetite for significant IPOs continues to grow, reflecting a dynamic investment landscape.
India progressing towards sending its first human deep-sea mission to depth of up to 6,000 metres by 2028: Jitendra Singh
Union Minister Jitendra Singh outlined India's plans for deep-sea exploration and human spaceflight during the Indo-Pacific Regional Dialogue 2026. India intends to conduct its first human deep-sea mission by 2028, reaching depths of up to 6,000 metres. The country focuses on enhancing its capabilities through collaboration among various scientific fields. The initiative reflects India's commitment to exploring and utilizing ocean resources strategically for economic benefits.
Cabinet approves VGF plan for grid-scale energy storage with Rs 14,500 crore support
The Union Cabinet has approved a significant ₹14,500 crore funding scheme to develop 92 GWh of energy storage capacity. This initiative supports both hydro pumped storage and battery energy storage systems aimed at accelerating renewable energy. Additionally, a scheme has been approved for processing critical minerals like lithium and nickel to reduce import dependency. The government aims to modernize its statistical system with a ₹4,371.10 crore scheme.
Cabinet approves ₹2,814-crore scheme to promote critical mineral processing
The Union Cabinet has approved a ₹2,814-crore capital expenditure support scheme to promote critical mineral processing and strengthen India’s critical mineral ecosystem. The scheme will be implemented over five years, from FY 2026-27 to FY 2030-31.
India gains as global investors move away from AI-linked stocks: Goldman Sachs
Indian equities outperformed the Asia-Pacific region in the MXAPJ index by 7 percentage points last month, making the country one of the best-performing global markets during the period. Goldman Sachs said the recovery was due to a rotation in global portfolios away from north Asian markets, which have greater exposure to AI -linked stocks.
Personalised festive experiences key to brand loyalty for 72% of Indian shoppers: Survey
A recent survey indicates that 72 percent of Indian holiday shoppers prefer brands that provide personalized experiences. Consumers are increasingly seeking brands that demonstrate understanding of their preferences and offer seamless engagement. The survey found that 68 percent of respondents favor brands with an omnichannel presence for better communication. Additionally, shoppers are concerned about data security, which influences their loyalty just like festive offers.
India needs indigenous technologies to ensure energy security: Union Minister G Kishan Reddy
At the NIT Raipur convocation, Union Minister G Kishan Reddy emphasized India's need for innovations in energy, mining, and healthcare. He noted significant growth in higher education infrastructure and international rankings over the past decade. Reddy mentioned government initiatives aimed at supporting research and development in technology sectors. He encouraged graduates to tackle real-world challenges in their fields over the next three years.
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