Hindustan Zinc a vedanta group company has procured a composite license for a gold mining block of Dugocha gold block in Rajasthan. The procurement took place through the auctions held by the state government on November 13, 2024. Hindustan Zinc is a major global player as integrated zinc producer and the third-largest silver producer Dugocha
A recent study by NTT DATA reveals that Indian organisations are planning to increase investments in generative artificial intelligence (GenAI). This shift marks a transition from initial experimentation to a focus on long-term use cases aimed at enhancing business performance, compliance and safety. Globally, 99% of organisations surveyed indicated similar plans to boost GenAI investments
Quick commerce platforms are eating into the share of small retailers or kirana shops rather than large e-commerce players, said Sahil Barua, CEO of logistics firm Delhivery, at a post-earnings call on Friday. A large chunk of Delhivery’s revenue — 62% in FY24 — comes from express parcels shipments largely by e-commerce firms. “This isn’t
By Krishna Barot Despite a turbulent year for major Indian spice manufacturers, projections for the country’s spice exports indicate significant growth for the sector in the coming years. According to Ramkumar Menon, Chairman of the World Spice Organisation (WSO), Indian spice exports are set to achieve an export target of USD 4.7 billion for FY
India’s public procurement portal Government e-Marketplace (GeM) has facilitated sales of around Rs 3 trillion so far in the current financial year, which suggests that it will surpass last year’s performance by a wide margin. In 2023-24 the portal handled procurement of Rs 4 trillion by the government departments in both centre and states, and
Despite its shareholders like Sweden’s EQT and Singapore’s Temasek starting the process of exiting the company, renewable energy firm, O2 Power, is looking to scale up from 1.1-1.5 Gw to 2.5-3 GW a year. Founder and CEO Parag Sharma in an interview with Raghavendra Kamath discusses future plans and how raising funds will not be
Freight volume on the dedicated freight corridors has zoomed in the current financial year and are at double the level of last fiscal. This is helping the corridors, the eastern and western segments of which became operational last year, to raise its share in the overall freight volume handled by the country’s rail network. According
A historic milestone in regional energy cooperation was achieved on Nov 15, 2024 with the inauguration of the first trilateral power transaction from Nepal to Bangladesh through the Indian grid. This momentous occasion, celebrated with a virtual event, marks a significant step towards fostering sub-regional connectivity in the power sector, enhancing energy cooperation between the
Companies in the business of keeping cool are gearing up for a record summer this year. With temperatures already on the rise in the west, east and parts of the north, firms are readying production and distribution initiatives to meet the demand surge expected in the coming summer months. “February and the first two weeks
The domestic stock exchanges have seldom had it so good. Over four years of a bull market, coupled with investors entering in droves — it’s a heady mixture for the bourses. Consequently, their coffers have been flowing over. Sample this: India’s biggest stock exchange – the NSE – reported a 57% and 94% year-on-year growth
Gold prices have reached an unprecedented milestone, surpassing $3,000 an ounce for the first time in history. This surge is largely fuelled by a vigorous buying spree by global central banks, states Bloomberg. Since Russia’s 2022 invasion of Ukraine, central banks have increasingly turned to gold to diversify reserves and reduce dependency on the US
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset. Spot gold was up 0.4% at $3,000.39 an ounce at 1031 GMT. Prices have scaled 13 all-time highs
Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff earlier in the week, while gold reached a record as the latest escalation of global trade tensions left nervous investors seeking safe-haven assets. Relief over the likely aversion of a US government shutdown boosted stocks in Asian trade, after Senate
