Latest Sectors News

NITI Aayog CEO Anurag Jain underscored the development of an evaluation matrix for gold mining projects. The focus is on promoting technical competence and sustainable development of gold resources in India. Discussions revolved around improving geological data and regulatory approvals within the mining sector. The meeting also addressed the country's growing dependence on gold imports and limited exploration efforts. View More

New Delhi: NITI Aayog CEO Anurag Jain on Wednesday emphasised on the need to develop a suitable evaluation matrix for awarding exploration and mining projects to promote technical competence, investment, and sustainable development of India's gold resources. Jain was speaking at a meeting to deliberate on the report "India's Gold Mining Policy: Challenges, Learning and the Road Ahead", prepared by Pahle India Foundation (PIF) with support from the World Gold Council (WGC). The Aayog in a social media post on X said the meeting focused on India's gold mining potential, the growing dependence on gold imports, and the need to strengthen domestic exploration and mining capabilities. Also Read | NTPC submits two coal gasification project proposals under govt's Rs 37,500 crore scheme Key issues discussed included geological data gaps, limited exploration, prolonged project development timelines, auction design and investment viability, it added. Live Events The deliberations highlighted the importance of improving geological data through internationally accepted reporting standards, streamlining regulatory approvals through Centre-state coordination, and creating a predictable policy framework to enhance project bankability. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

India is considering replacing smaller, aging wind turbines with more powerful models at existing sites.  View More

The proposed upgrades could help India overcome land acquisition hurdles, improve wind power generation and address electricity supply gaps after sunset View More

BHEL has received a Notification of Award from Power Grid Corporation of India, for setting up two synchronous condensers of +300/-200 MVAR capacity at Kalyanpur in Gujarat View More

Key updates include debt relief for BHEL, a major capital raise at IIFL Finance, and strategic stake acquisitions and buyback moves across the portfolio View More

A total of 30 public sector undertakings, including Bharat Heavy Electricals Limited, Bharat Electronics Limited, NTPC, Airports Authority of India, BEML, and Coal India Limited, attended the consultations. View More

Central Public Sector Enterprises gathered in the national capital to assess and accelerate their procurement compliance under the mandated four per cent target reserved for Scheduled Caste and Scheduled Tribe Micro and Small Enterprises , according to the Ministry of Micro, Small and Medium Enterprises (MSME). The Ministry of MSME convened the review session at the Dr. Ambedkar International Centre on November 5, 2026. Chaired by Joint Secretary Mercy Epao, the round table brought together officials from the Ministry, the Department of Public Enterprises, the National Small Industries Corporation , and the Government e-Marketplace to address operational hurdles and examine compliance under the Public Procurement Policy . A total of 30 public sector undertakings, including Bharat Heavy Electricals Limited, Bharat Electronics Limited, NTPC , Airports Authority of India, BEML, and Coal India Limited, attended the consultations. The deliberations focused on structural bottlenecks faced by buyers, the adoption of successful institutional practices, and methods to strengthen coordination among enterprises, GeM, and National SC-ST Hub offices. Reviewing the impact of policy interventions, Joint Secretary Mercy Epao outlined the assistance extended to enterprises under the National SC-ST Hub scheme, noting that sustained outreach expanded the footprint of disadvantaged suppliers within state procurement networks. Public procurement from SC/ST MSEs registered an increase of more than 36 times in the financial year 2025-26 since the inception of the scheme, Epao stated during the address. Live Events Epao introduced the Entrepreneur Awareness and Special Vendor Development Program, an initiative designed to build commercial linkages between smaller suppliers and industrial buyers across the country. She urged CPSEs to formulate internal action plan to achieve the target and also provide support in terms of Vendor Registration/Enlistment Procedure, Product/Service Matchmaking, Regional/Local Connect of CPSEs with SC/ST MSEs and Handholding support. Speaking on marketplace integration, Government e-Marketplace Additional Chief Executive Officer Ajit Chavan outlined the digital measures deployed to facilitate tender access for small businesses. He informed about various measures taken to facilitate SC/ST MSEs in tender participation including identification of SC/ST MSE sellers through dedicated marketplace filters. He encouraged CPSEs to utilize the services of the Nodal Officer appointed by GeM for handholding support. The review concluded with discussions between participating enterprises and leading public sector buyers to address procurement shortfalls. Participating agencies agreed to deepen collaboration with the National SC-ST Hub through targeted vendor development drives, supplier training sessions, and expanded digital onboarding frameworks to raise procurement volumes from SC/ST and women-owned micro and small enterprises. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading. View More

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets fell broadly on Tuesday , reversing a large chunk of Monday's more than 2% gains in the S & P 500 and Nasdaq . Volatility remains elevated, with stocks flipping from one day to the next. That's why we are hesitant to chase stocks higher or turn too negative after a big downdraft. What the market is struggling to sort out is the midterm election's impact on the data center buildout and the ongoing controversy at Nvidia . We downgraded our rating on the chipmaker to a 2 on Tuesday morning because there is too much uncertainty for us to buy shares, even after a 10% decline over the past two days. The 10-year Treasury yield surged back to 5% after the October consumer prices came in hotter than expected. The CPI rose 0.4% year over year, faster than the 0.3% that economists expected. Core CPI, which strips out volatile food and energy prices, increased 0.3%, above the 0.2% forecast. No year-over-year figures were provided because last year's government shutdown prevented the release of October 2025 data. The CPI sharply raised Fed rate hike expectations at its upcoming December meeting. Not only is the market now fully pricing in a 25-basis-point increase next month, but it also puts a 12% probability on the Fed raising rates by 50 basis points, according to CME FedWatch. Federal Reserve Governor Christopher Waller got the 50-basis-point conversation going early Tuesday, before the data was released. Waller said at an event in London that he was "leaning toward" raising rates if October's data was soft, but would support "more robust action" if the data came in hot. And that's exactly what we got. GE Vernova shares tumbled Tuesday after SoftBank took a $3.7 billion write-down tied to its power equipment strategy for AI data centers in the U.S. Included in this purchase process overhaul is SoftBank's massive Ohio data center project, for which GE Vernova is the supplier of natural gas turbines used to generate behind-the-meter energy. SoftBank said the Ohio project is on track, but the contract is being revised. It also said that Elon Musk claims last week in an X post that SoftBank was defaulting on its turbine orders is "simply not correct at all." GE Vernova told Jim Cramer: "Customers are securing slots further into the 2030s, and as we've said, we've sold slots for 2032 delivery, and we expect all slots through 2030 to be mostly sold by the end of 2026. SoftBank's announcement has no impact on that." GE Vernova said SoftBank remains a valued customer, and there is "no negative or positive financial impact" based on what the company disclosed Tuesday. In a Tuesday note to clients, JPMorgan wrote that if any delays or cancellations were to occur, GE Vernova could shift the order to waiting customers. Jim has a similar read on the situation: "If there are slots available, they're going to be taken by the end of the day." The nearly 10% decline in Club stock at its worst levels of the day was an overreaction. However, we are not rushing in to add to our data center exposure right now, considering the concerns about a slowdown in the buildout due to the Democratic wave in last week's midterm elections. By the close, GE Vernova shares pared their losses and finished down less than 4%. CoreWeave reports earnings after the close , and what the neocloud company says about compute demand, the funding environment, and the ability to build new data centers in the U.S. could influence sentiment around the AI trade. There are no major earnings before the opening bell on Wednesday. The only economic release Wednesday is weekly mortgage applications. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

View More

The Ministry of Coal has invited fresh applications from eligible companies, setting January 11, 2027, as the deadline for submitting proposals View More

NTPC Limited has submitted proposals to establish coal gasification projects for producing urea, methanol, and dimethyl ether. The Ministry of Coal announced that applications for the third round will open on November 10. January 11, 2027, is set as the deadline for these applications. The government's initiative aims to expand domestic production and support the broader use of indigenous resources. View More

New Delhi [India]: NTPC Limited has submitted two proposals to set up coal gasification projects for producing urea, methanol and dimethyl ether (DME) under the government's Rs 37,500 crore scheme , the Ministry of Coal said on Tuesday. The ministry also announced the opening of the third round of applications under the scheme from November 10, with January 11, 2027, set as the deadline for submitting proposals. According to the ministry, the second round of the Scheme for Promotion of Surface Coal/Lignite Gasification Projects concluded with two applications, both submitted by NTPC Limited. "The applications envisage the production of Urea, Methanol and Dimethyl Ether (DME)," the ministry said in a statement. Of the two proposals, one is aimed at producing urea, which is widely used in fertilisers, while the other focuses on producing methanol and dimethyl ether, which have applications in the chemical and fuel industries. Live Events The ministry said the proposals highlight the potential of coal gasification in "supporting domestic production of critical industrial products and diversifying the utilisation of India's indigenous resources." Coal gasification is a process that converts coal into a gas mixture that can be used to manufacture chemicals, fertilisers and fuels, offering an alternative to conventional uses of coal. The Union Cabinet approved the Rs 37,500 crore scheme on May 13, 2026, to promote surface coal and lignite gasification projects across the country. The third round will provide another opportunity for eligible companies to submit proposals for setting up such projects. The ministry said that through successive rounds, it aims to "encourage wider industry participation, attract investments and accelerate the adoption of coal gasification technologies." The scheme is part of the government's broader efforts to expand coal gasification capacity in India and support domestic production of industrial products. The ministry said the initiative would contribute towards the national target of achieving 100 million tonnes of coal gasification capacity by 2030. The release did not specify the investment amounts, proposed locations or production capacities of NTPC's two projects. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)