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New Delhi: Myanmar President Min Aung Hlaing's ongoing India trip could open a major opportunity for New Delhi to harness rare earths from the neighbouring Southeast Asian country which to date are being extracted by China.Myanmar's Kachin and Shan states have massive deposits of rare earth elements including dysprosium and terbium used for permanent magnets for EVs, wind turbines, and defence items. The issue of India harnessing rare earths from Myanmar will figure prominently on the agenda of the meeting between PM Narendra Modi and the visiting President here on Monday. The visiting leader will also address a business forum here.Also Read: NSA Ajit Doval calls on Myanmar President on his maiden visitCurrently, Myanmar's northern neighbour China has been extracting rare earths from the Kachin state, but the visit has provided an opportunity to push its initiative, according to a person familiar with the issue. The Myanmar Army has stepped up its offensive in the border ar...

New Delhi: The government is examining 500-odd heavily imported products including machinery, fertilisers, chemicals, cotton staple fibre, plastics, silicon wafers and carbon fibres, to identify localisation opportunities and reduce dependence on overseas supply. The commerce and industry ministry is collating data from different ministries on import dependence, estimated time and capital investment required to achieve commercially viable domestic manufacturing capability, and national strategic relevance of these products, officials privy to the development said.The idea is to reduce the country's import bill and build supply resilience amid the ongoing West Asia crisis.The Department for Promotion of Industry and Internal Trade (DPIIT) is "analysing data such as production capacity and bottlenecks faced by industry," one of the officials said.131428063The department has sought information such as the extent to which domestic demand for the product is met through imports...

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One of the biggest advances in pancreatic cancer in decades came out of a crazy idea born in a Harvard University lab.Chemical biologist Gregory Verdine believed you could fight disease-causing proteins hidden inside cells by chemically gluing them to something else in the body and smothering them."Everybody told us this is crazy, that it would never work," he recalls.Revolution Medicines, which bought one of Verdine's companies in 2018, recently announced that one of its drugs doubled the typical survival time for patients with aggressive forms of the disease, from 6.7 months to 13.2 months. The full results from the company's final-stage trial are expected to be the star of the show at the annual confab of cancer doctors in Chicago this weekend.Spurred by the success of RevMed, numerous companies are now racing to develop similar drugs, dubbed "molecular glues", which can be used to treat a variety of ailments. And investors and pharmaceutical companies wi...

The Delhi High Court on Friday dismissed a batch of petitions filed by television broadcasters in 2013 challenging the Telecom Regulatory Authority of India’s (TRAI) 12-minute-per-clock-hour cap on television advertisements, bringing closure to a legal battle that had remained pending for nearly 13 years.The ruling is expected to impact television broadcasters, particularly free-to-air channels that rely heavily on advertising revenue to sustain operations, as the dismissal of petitions clears the way for enforcement of advertising limits that had remained effectively stayed for years.A division bench of Justice Anil Kshetarpal and Justice Amit Mahajan held that TRAI acted within its statutory authority in prescribing limits on television advertisements to protect consumer interests and improve the quality of viewing experience.Also read | Ad slowdown dulls impact of HC relief on TV landing page revenuesThe petitions, filed by a broad set of broadcasters including general entertainment...

New Delhi: Senior officials of India and China discussed delimitation, border management, mechanism building and cross-border cooperation at a meeting on Wednesday in Beijing. Both sides also decided to prepare for National Security Advisor Ajit Doval's upcoming visit to China.During the 35th meeting of the working mechanism for consultation and coordination on India-China border affairs, the Indian side stressed on an early meeting of the next expert level mechanism on trans-border rivers.The two sides also agreed to work together to make "substantive preparation" for the next meeting of special representatives (SRs) which would not only focus on border issues but also other geopolitical matters including regional issues. The meeting-if held prior to Chinese President Xi Jinping's India trip for the September 12-13 Brics Summit- will help to prepare for a possible meeting between Prime Minister Narendra Modi and Xi on the sidelines of the summit.Also read | Billionai...

New Delhi: The Union Cabinet on Wednesday approved an outlay of Rs 25,530 crore for Sarthak Public Distribution System (PDS) scheme to modernise it and ensure food security for nearly 80 crore beneficiaries. The outlay is for the next five years.Apart from modernising the distribution and logistics network, the scheme seeks to strengthen fair price shops (FPS) and to assist state agencies for intra-state movement of food grains.The government has also decided to revise the norms of Central assistance to meet the expenditure incurred by states and UTs on intra-state movement and handling of foodgrains and FPS dealers' margin and continuation of the existing funding pattern of central assistance. It will provide a unified, citizen-centric, intelligent and interoperable PDS architecture that ensures last-mile service delivery, minimizes leakages and strengthens the nation's commitment to food security under NFSA, with the merged scheme to operate up to March 2031, the government s...

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New Delhi: Concerns over fuel availability, shipping disruptions and fertilizer supplies dominated a Parliamentary panel meeting on Monday, with MPs questioning officials over reports of long queues and rationing at petrol pumps. Officials maintained that India has adequate reserves, with crude stocks sufficient for 78 days.Officials informed the Parliamentary Standing Committee on Transport, Tourism and Culture that 37 Indian ships remain stranded in West Asia due to the closure of the Strait of Hormuz.Also Read: Petrol, Diesel price hike: Fuel rates increased for fourth time in less than two weeks Only around five vessels have secured cover under the Bharat Maritime Insurance Pool.According to sources, while the government reiterated there was no shortage petrol, diesel and LPG, opposition MPs described the responses as unsatisfactory, citing the absence of granular data.On shortage of bitumen, MPs said officials failed to provide clear answers. Officials linked the supply stress to ...

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India’s average temperature has risen by just 0.7 degrees Celsius over the last century — but it tells a much bigger story. Scientific projections suggest that the frequency of summer heatwaves across India could rise by a staggering 300 to 400% by the end of the century. More troubling still is the rise in warm nights, projected to outpace the increase in warm days.Without adequate protection, heat-related illnesses — from rashes and cramps to life-threatening heatstrokes — are likely to become increasingly common.The economic cost is equally alarming. According to a 2024 study published in The Lancet, the annual labour hours lost in India due to heat exposure are now 124% higher than during 1990 to 1999, with agriculture accounting for nearly 66% of the losses.Reduced labour capacity during heatwaves leads to an annual income loss of nearly $194 billion. Clearly, the heat is on.131284958131284962131284970131284979131284984131284989131285009 from Economic Times https://ift.tt/SZCyle...

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New Delhi: India's 'peak power demand met' on Thursday was within touching distance of the projected level of 271 GW for May, a jump of nearly 5 GW in a single day, as citizens run their fans and air conditioners in the day and at nights to beat the searing heat.The peak power demand in solar hours reached 270.82 GW and was successfully met, the power ministry posted on X.This is the fourth consecutive day of peak demand breaking records.Also Read: Why future of India's energy security depends on building smarter gridsThe maximum peak demand of 283 GW is estimated for June.The ministry will look at the trend of Thursday's non-solar hour peak demand and Friday's peak demand to see if there is a need to recalibrate the estimates, a government official told ET.Thursday's peak demand was met by thermal power contributing 62.8%, solar 22%, wind 5%, hydro 5.8%, and the rest from other sources.The availability of coal at the thermal power plants is adequate and the...

New Delhi: Reliance Industries Ltd (RIL) on Thursday strongly refuted in the Supreme Court the Centre's claim that the company and its two offshore partner firms allegedly siphoned from the Krishna-Godavari basin deposits gas which migrated to their area from the state-owned ONGC gas field.A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi was hearing the appeals of RIL, BP Exploration (Alpha) Ltd and Niko (NECO) Ltd against a Delhi High Court verdict that set aside an arbitral award in their favour in the gas migration dispute with the Centre.The firms assailed the February 14, 2025 order of the high court setting aside an order of the single-judge bench that had upheld the arbitral award in favour of RIL and its two partners for allegedly siphoning gas from deposits they had no right to exploit.The oil ministry on November 4, 2016, slapped a demand of USD 1.47 billion on the Reliance-BP-Niko combine for producing in seven years ending March 31, ...

Mumbai: Indian consumers are ringing in caution. Shoppers are making fewer trips to buy FMCG but spending significantly more every time they step into a store, signalling a sharp behavioural shift in how households are managing inflation and daily consumption.According to a report by Worldpanel by Numerator (formerly Kantar), average FMCG purchase occasions softened to 156 trips annually from 158 in FY24, while spend per shopping occasion rose from ₹121 to ₹139 over the last two years and from ₹130 to ₹145 in the March quarter of 2026.Categories such as biscuits, snacks and noodles are increasingly shifting from spontaneous top-up purchases to planned-basket buys, pointing to a more cautious and deliberate consumer environment and marking a reversal from the post-pandemic consumption cycle that was driven by convenience, quick commerce and impulse-led spending. from Economic Times https://ift.tt/5gV9pCl

New Delhi: India's peak power demand continues to scale fresh highs, touching a record 265.4 GW on Wednesday as heatwave conditions and high temperatures persisted across large parts of the country.The latest peak surpassed Tuesday's all-time high of 260.5 GW recorded during solar hours. The latest demand levels have already crossed last summer's record peak of 243 GW, and even those recorded during the evening. The peak demand recorded is inching closer to the projected 271 GW for the season.Most of the peak consumption was met by thermal power contributing 61.2%, solar energy came next with 21.5%, wind and hydro contributed over 6% each, while nuclear contributed 2.6%, among contributions from other sources, an industry official said.According to a person familiar with the matter, the power ministry has prepared and ensured available capacity to meet peak demand of up to 280 GW.A power ministry statement issued after Monday's peak demand touched 257.37 GW said the cou...

London: Tata Steel UK has secured an exemption from US tariffs that will allow it to export steel processed in Britain at the lower duty rate applicable to UK shipments, even though the raw material is produced overseas.Under President Donald Trump's trade measures, most steel imports into the US face a 50% tariff. The UK, however, has been granted a lower 25% levy, though imports are typically subject to strict "melt-and-pour" rules requiring the steel to be fully produced within Britain.The exemption means steel processed at Tata's Port Talbot plant in Wales and shipped to the US will be treated as UK-origin steel, a company spokesperson said, despite Tata no longer producing primary steel in Britain.Tata shut the blast furnaces at the facility in 2024 as part of its transition to electric-arc furnace production, leaving the plant temporarily reliant on imported substrate, including material from the company's Dutch operations.The company said the arrangement re...

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New Delhi: The US has cleared two military support packages worth $428 million for India that will cover sustainment support for frontline M777 ultra-light howitzers and AH-64E Apache attack helicopters.The Foreign Military Sale - a government-to-government procurement mechanism - will result in sustainment support services for Apache helicopters for an estimated $198 million. The package covers contractor engineering, technical support, personnel training and logistics support services.Also read: DRDO successfully tests UAV-launched missile in air and ground combat modesBoth the Indian Air Force and Army operate Apache helicopters, which are tasked with heavy fire-support missions. The helicopters have also been deployed in high-altitude areas and are known to have conducted training missions in Ladakh as well. IAF currently operates 22 Apache helicopters while Army has six in service."This proposed sale will support the foreign policy and national security objectives of the Unit...

Indian Oil Corporation (IOC) reported a consolidated net profit at Rs 14,458 crore in the March-ended quarter versus Rs 8,124 crore in the year ago period, implying a 78% surge. The profits are attributable to the equity holders of the parent.The revenue from operations posted a revenue growth of 7% to Rs 2,36,899 crore in Q4FY26 was versus Rs 2,21,360 crore posted by the company in the corresponding quarter of the previous financial year.The company's board also recommended a final dividend of Rs 1.25 per equity share subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM). The final dividend will be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend would be fixed and intimated in due course.The company's profit after tax (PAT) grew 11% on a sequential basis versus Rs 13,007 crore in Q3FY26 while the topline saw a marginal uptick of 0.27% quarter-on-quart versus Rs 2,36,257 crore in the O...

New Delhi: Small and medium enterprises supplying auto components have urged large automobile manufacturers to share the burden of rising wages, energy prices and raw material costs, saying that many of them are under severe financial stress. They have also made a pitch for long-term vendor sustainability frameworks instead of purely transactional procurement practices.Industry body Federation of Indian Micro Small and Medium Enterprises (FISME) has approached the Society of Indian Auto Manufacturers that represents automakers, asking it to urge its members to speed up price revisions as well as make faster payments and provide support to suppliers through financing platforms such as the Trade Receivables Discounting System.Also read: In fast lane: The twin drivers behind MoTown India's fast & furious April showSMEs are struggling with sharp increases in labour and input costs, with wages rising by up to 35% in some regions and overall operating costs increasing more than 35% s...

Gothenburg (Sweden): Prime Minister Narendra Modi was on Sunday conferred with Sweden's Royal Order of Polar Star, the highest honour awarded to a Head of Government by the Scandinavian nation.This is Prime Minister Modi's 31st international honour.Also read: PM Modi lands in Sweden, set to meet Kristersson & EU chief Ursula von der LeyenThe award is the highest distinction that can be given to a Head of Government.— PTI_News (@PTI_News) The Royal Order of the Polar Star was instituted in 1748 and is intended to recognise personal endeavours for Sweden or for Swedish interests, particularly within public activities, as well as the successful performance of public tasks and duties, according to the official website.Modi arrived in Sweden on Sunday for a two-day visit. He was received by his Swedish counterpart, Ulf Kristersson, at the Gothenburg Airport. from Economic Times https://ift.tt/MNcO4bf

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New Delhi: The government is working with industry to identify around 100 products that are either not manufactured or produced sufficiently in India, as part of efforts to strengthen domestic manufacturing, said Amardeep Singh Bhatia, Department for Promotion of Industry and Internal Trade (DPIIT) secretary, on Monday. A list of "unique and interesting" products has already been identified, including auto sector items such as axles and motorcycle components, he said.The aim is to scale up manufacturing for both domestic and international markets."We are working closely with the industry (on that)....lot of things not getting manufactured in India and we have the capability," said Bhatia.Speaking at the Confederation of Indian Industry (CII) Annual Business Summit 2026, he said that the department plans to launch 'Made in India Brand Scheme'."We have had a pilot run with the steel sector, and it has been quite encouraging," he said. The secretary n...

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Just ten years ago, social media in India was flooded with insults like Macaulay-putra and Presstitutes. There was open contempt for intellectuals. There was a movement to say how Max Mueller and Macaulay had destroyed India, but a new Bharat was emerging - one that would decolonise itself, become the world's Vishwaguru, control global discourse, stop wars and teach humanity the secrets of dharma. NRIs cheered loudly, celebrating what they called India's true freedom and triumphant return to greatness.Yet today, the picture looks very different. India seems to be bowing before both China and the United States, countries that eat beef and pork, food held in contempt by Satvik folks, the purest of the pure in India. China claims Indian land, and our own laser-eyed foreign minister admits we cannot push back because our economy depends on Chinese imports. In the conflicts unfolding in West Asia and around the Strait of Hormuz, we are being told whom to buy petrol from and whom not...

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Bengaluru: The contribution of government health schemes to the revenues of India's leading private hospital chains is declining, a possible sign that private healthcare providers may be reevaluating their participation. Experts said profitability squeeze due to payment delays, low reimbursements and pricing curbs may be the reasons. While hospital chains have not announced that they are limiting their particip ation in government health programmes, Max Healthcare, Narayana Health, Fortis Healthcare and HealthCare Global are among those that have reported revenue impact and highlighted challenges in managing these schemes.Typically, state-backed health schemes, such as the Central Government Health Scheme (CGHS) and the Ex-Servicemen Contributory Health Scheme (ECHS), account for about 25% of revenue at most top private hospitals, according to data from business advisory firm Praxis Global Alliance.Praxis Global Alliance told ET that the revenue share of government schemes could dr...

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Vedanta Limited is entering a pivotal new phase where strong operating performance converges with a transformational restructuring, setting the stage for its next wave of growth and value creation, the company's Chairman Anil Agarwal said Tuesday in a letter to the shareholders. The billionaire businessman called company's demerger a key milestoneThe much-anticipated demerger aimed at unlocking value by carving out focused, world-class businesses, has been is effective May 1, 2026. Each entity will benefit from sharper strategic direction, disciplined capital allocation, and clearly defined growth paths, enabling them to operate as independently scalable, globally competitive companies benchmarked against the best in the industry, Agarwal said."The most awaited milestone for Vedanta this year is our demerger, effective 1st May 2026. This transformation marks a pivotal step in unlocking value by creating focused, world-class companies, each with sharper strategic clarity, d...

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New Delhi: The BJP's latest electoral surge, especially in West Bengal, could spur greater Centre-state policy alignment and aid the Union government's reforms push as the economy grapples with the fallout of the West Asia war and a below-normal monsoon forecast, economists said on Monday.The dominant National Democratic Alliance constituent at the Centre has registered its maiden victory in West Bengal, retained Assam and Puducherry (with alliance partners) and won a record three seats in Kerala. It won only one seat in Tamil Nadu, against four in 2021.Also Read: How BJP's well-oiled vote machine breached Mamata's Bengal fortressBut its win in West Bengal-which has been hit by deindustrialisation and frequent Centre-state rows-remains the most consequential for India's growth prospects, if the winds of political change lead to a raft of economic reforms, the economists said.130810506Centre-state ties switching to cordiality from confrontation could bolster the impl...

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