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MINISTRY OF HEAVY INDUSTRIES
Black rain in Moscow after Ukrainian drone strike damages oil refinery, Zelenskyy says if Ukraine burns so will MoscowUkraine launched a massive drone attack on Russia, hitting a refinery in Moscow. Residents reported black residue falling from the sky. Aut...- E-Ambulances will get up to 35% PM E-DRIVE subsidyThe government will subsidise electric ambulances. This support is up to 35% of the ex-factory price. Rs 500 crore is allocated for 3,811 e...
- India readies Rs 12,000 crore push for local battery component manufacturingIndia is set to launch a new incentive scheme to boost local manufacturing of advanced cell battery components. This initiative aims to red...
- EV industry seeks financing, payment security support to drive adoptionElectric vehicle makers are asking the government for better financing and payment security. This is to speed up the use of electric vehicl...
- HMT revival plan likely to focus on self-reliance in new-age manufacturing for ISROHindustan Machine Tools is set for a revival. The plan prioritizes self-reliance in advanced manufacturing. It will focus on producing capi...
- Why market rallied today? Sensex zooms 1,700 points, Nifty closes above 23,600. 4 key factors behind Rs 10 lakh crore gainsSensex and Nifty surged 2% each, adding Rs 10 lakh crore in market cap, as easing oil prices and US-Iran peace hopes boosted sentiment. Bro...
- Fueling Demand: Inside India’s ethanol mobility revolution in reverseIndia is launching an ambitious green mobility initiative. The country is establishing E100 fuel stations nationwide before flex-fuel vehic...
- Rajesh Exports founder denies fund diversion in ACC Energy, says SEBI misread accounting entriesRajesh Exports Chairman Rajesh Mehta refutes SEBI's fund diversion claims. He states accounting entries were misunderstood. The company fac...
- Cost benefit in the long run: India needs right energy, at the right place and at the right timeCritics question the market viability of Small Modular Reactors (SMRs) due to high costs compared to renewable energy. However, a full syst...
- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- China can build humanoids at scale. The hard part is finding enough buyersChinese companies are pushing ahead with humanoid robot production. These robots can perform tasks like directing traffic and making coffee...
- BHEL, SAIL at risk of losing Maharatna tagTwo major Indian public sector companies, BHEL and SAIL, face a one-year deadline to improve their financial performance. Failure to meet p...
- Rajesh Exports likely to lose PLI beneficiary status, face MCA probeRajesh Exports faces potential removal from a government battery production incentive scheme. The corporate affairs ministry is considering...
- Putin faces rival visions of war and peace at Russia's 'Davos'Russia's future is debated at a key investment forum amidst the Ukraine war. Some leaders push for continued global confrontation with the ...
- Govt sets up 6 sector-specific groups to identify products to boost manufacturing, cut importsIndia is boosting domestic manufacturing. Six expert groups will identify 100 products to reduce import dependence. This initiative aims to...
- Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...
- Jet fuel under-recovery at Rs 30/Litre, LPG demand managed: Govt as fuel sales surge 30% in MayDomestic jet fuel prices continue to track international markets with under-recovery of around Rs 30 per litre, the government said Monday,...
- Russia-Ukraine conflict: AFU keeps up assault on Russian oil infrastructure as Kyiv braces for more strikesUkrainian drones struck Russian oil facilities overnight. Fires broke out at an oil depot in Taganrog, in the Rostov gion and another in Ar...
- ArcelorMittal Nippon Steel India gets first PM-SETU nod; Andhra Pradesh leads industry-driven ITI overhaulArcelorMittal Nippon Steel India secured the first Strategic Investment Plan approval under the Pradhan Mantri Skilling and Employability T...
- India eyes fiscal support for domestic EV battery supply chainIndia is planning new incentives to boost local production of battery components. This move aims to reduce import dependence for electric v...
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