Category: Business

Business

India revs up alternate EV motor tests as China curbs rare earths exports

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India revs up alternate EV motor tests as China curbs rare earths exports

In a 3,500 square foot laboratory in Faridabad, northern India, engineers are fast-tracking tests on an EV motor that could help alleviate one of New Delhi’s most pressing trade and diplomatic challenges: its reliance on China for rare earths. Unlike regular EV motors, the one being tested by Sterling Gtake E-Mobility does not use rare-earth…

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Japan’s Mitsui OSK eyes shipbuilding partnerships in India

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Japan’s Mitsui OSK eyes shipbuilding partnerships in India

Japan’s second-largest shipping company Mitsui O.S.K. Lines wants to tie up with Indian companies to build tankers in India, aiding the South Asian nation’s effort to boost local manufacturing, its chief executive, Takeshi Hashimoto said. New Delhi is modernising its maritime laws to allow foreign participation in the sector, including ship-building, ports and shipyards, to…

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Business

Sundaram Home enters Karnataka; eyes ₹60 crore disbursements under EB segment

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Sundaram Home enters Karnataka; eyes ₹60 crore disbursements under EB segment

Sundaram Home Finance has made its foray into Karnataka market and aims to make disbursements of ₹60 crore during the first year of its operations, under the Emerging Business segment in the State. During the first phase of expansion, the Chennai-based company plans to set up 8-10 emerging business branches in Tier II and III…

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Business

Jio Financial Services, Allianz of Germany forge alliance to set up reinsurance business

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Jio Financial Services, Allianz of Germany forge alliance to set up reinsurance business

The company AJRL will invest an amount of ₹2.50 lakh towards initial subscription of 25,000 equity shares of face value ₹10 each for 50% stake. File. | Photo Credit: Reuters Jio Financial Services Ltd (JFSL) on Tuesday (September 9, 2025) said the company and Allianz of Germany have incorporated a joint venture company named ‘Allianz…

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Business

Oil prices up almost 2% amid Israeli attacks on Qatar

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Oil prices up almost 2% amid Israeli attacks on Qatar

The upward rally of oil futures is also being fuelled by members of the OPEC+ agreeing Sunday to increase oil production by a smaller than anticipated 137 thousand barrels per day from the present 1.65 mb/d. Representational file image. | Photo Credit: Reuters Oil prices rose approximately 2% after Israeli military carried out a “precise…

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Business

‘Govt is with you, do not worry’: MSME Ministry official assures industry

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‘Govt is with you, do not worry’: MSME Ministry official assures industry

Joint Secretary in the Union Ministry of Micro, Small and Medium Enterprises (MSME) Ateesh Kumar Singh (centre) at an event organised by the PHDCCI. Photo: Special Arrangement. The government is with the micro, small and medium enterprises (MSME) of the country, an official of the MSME assured the assembled representatives of such firms on Tuesday…

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Business

Stock market benchmark indices trade higher tracking rally in global peers amid U.S. Fed rate cut hopes

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Stock market benchmark indices trade higher tracking rally in global peers amid U.S. Fed rate cut hopes

Representative image | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty began the trade on an optimistic note on Tuesday (September 9, 2025) in tandem with a rally in global markets amid hopes of a US Fed rate cut later this month. A rebound in IT stocks also drove the markets higher during the…

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Rupee rises 14 paise to 87.95 against U.S. dollar in early trade

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Rupee rises 14 paise to 87.95 against U.S. dollar in early trade

Representative image | Photo Credit: Reuters The rupee appreciated 14 paise to 87.95 against the U.S. dollar in early trade on Tuesday (September 9, 2025), tracking a positive trend in domestic equities even as concerns over U.S. tariffs on India weighed on the domestic unit. Forex traders said the rupee is likely to remain under…

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Business

Gautam Solar to invest ₹4,000 crore to set up solar cell manufacturing plant in Madhya Pradesh

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Gautam Solar to invest ₹4,000 crore to set up solar cell manufacturing plant in Madhya Pradesh

Gautam Solar on Monday said it will invest Rs 4,000 crore in a 5 GW solar cell manufacturing plant in Madhya Pradesh. The project will be developed on 54 acres of land in Gwalior, where the company will focus on producing advanced TOPCon solar cells with a total planned capacity of 5 GW, a company…

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Business

Coal production up 8% over previous month despite monsoons

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Coal production up 8% over previous month despite monsoons

In August, India produced 69.87 MT of coal higher than 64.86 MT in July, even though it fell short on its monthly target of 73.77 MT.   | Photo Credit: RITESH SHUKLA Coal production in India rose about 8% on a month-on-month basis notwithstanding a lacklustre season owing to operational constraints triggered by monsoons and typically…

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