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Projects worth ₹17,000 crore announced in Vidarbha to boost economy

An integrated green steel plant and a coal gasification project will come up in Bhadravati in Maharashtra's Chandrapur district with an estimated investment of Rs 17,000 crore, providing jobs to more than 10,000 persons and giving a boost to the economy of Vidarbha, Union Minister G Kishan Reddy said on Saturday. Addressing a gathering in the MIDC area of Telwasa in Bhadravati where he laid the foundation stones of the two mega projects, the Union Minister of Coal and Mines said the initiative will result in generation of high value items like ammonia nitrate, green steel and hydrogen, which need to be imported in large quantities at present. "It is part of efforts to make India atmanirbhar, which is the vision of Prime Minister Narendra Modi. Coal plays a key role in the industrial development of the nation. Out of seven such projects nationwide, four are being established in this specific region," he said while lauding Chief Minister Devendra Fadnavis' leadership for keeping ...

Hettich opens new Indore plant; eyes India as key global manufacturing hub

German furniture fittings maker Hettich has inaugurated its new manufacturing facility in Indore, Madhya Pradesh, eying to position India as a key global manufacturing hub. This is Hettich's first dedicated undermount drawer runner manufacturing facility in India and forms part of the company's overall investment of approximately Rs 2,000 crore in the country, the company said in a statement. The new 25,700 sq. metre automated plant, located within Hettich's 103,039 sq. metre Indore facility, reinforces its long-standing commitment to the country, brings German engineering to India while expanding jobs, exports and local manufacturing capabilities, the statement added. "Hettich's hinge manufacturing unit at the Indore facility has an annual production capacity of approximately 60 million hinges. With the addition of the new Quadro plant, the facility will further produce around 5 million units of undermount drawer runners annually, significantly strengthening Hettich's manufacturing

Drones, burning ships: Indian sailors stranded off Iran want to go home

India is the world's third-largest supplier of seafarers, with more than 300,000 sailors working across global shipping fleets, according to government data

Karnataka clears ₹4,824 crore industrial projects, to create 14,525 jobs

The Karnataka government has approved industrial projects with a total investment of Rs 4,824.31 crore, that will generate 14,525 new employment opportunities in the state, Industries Minister M B Patil said. The 158th State Level Single Window Approval Committee meeting approved a total investment of Rs 4,824.31 crore for 37 new industries and 2 additional investment projects across 13 districts, including Vijayapura, Bagalkote, Chitradurga, Kolar, and Ramanagara, the minister's office said in a release on Saturday. "The approved projects in sectors such as IT infrastructure, sugar manufacturing, technical textiles, compressed biogas, aerospace, jewellery production, electronics, software, and five-star hotel construction will generate 14,525 new employment opportunities in the state," the release quoted Patil as saying after the meeting on Friday. Among the projects approved, 22 are major large and medium industrial projects (investment above Rs 50 crore) totaling Rs 3,908.68 cror

NYC Mayor Zohran Mamdani faces warnings over city's fragile finances

For fiscal 2026, Levine, who was sworn in to office in January alongside Mamdani, estimates operating expenses to be $4.5 billion more than revenue

Active shooter reported at synagogue in Michigan, police respond

FBI director Kash Patel said on X that agency personnel are also on the scene responding to the apparent vehicle ramming and active shooter situation

'Do not create panic over LPG': PM Modi assures energy security is intact

Prime Minister Narendra Modi on Thursday hit out at those trying to create panic on the LPG situation in India, and said they are not only exposing themselves before the people but also hurting the country. Addressing the NXT Summit here, Modi also said that due to the ongoing conflict in West Asia, no nation has remained unaffected, but India is fully committed to addressing this challenge and is leaving no stone unturned to safeguard its energy security. He also said that some people are trying to black-market certain products by taking advantage of the present situation, and warned that action will be taken against such unscrupulous elements. "I request the state governments to enhance monitoring to stop black-marketers and hoarders in such times," he said. On the LPG issue, the prime minister said there is currently a lot of discussion surrounding LPG, with some individuals "spreading unnecessary panic". "I do not wish to make any political statements at this moment. Those who

China passes ethnic unity law to promote assimilation of minorities

The law, which was approved at the close of China's legislative meeting on Thursday, has wide-ranging provisions that touch on education, housing policy, entertainment and other areas

Manufacturing share in listed firms' FY25 GVA fell below pre-Covid levels

Manufacturing companies now contribute a smaller share of gross value added by listed firms than before the pandemic, even as services and other sectors have expanded faster, an analysis shows

100 Ways to See India: A visual data book on the country's changing story

Packed with eye-catching visuals, this data book lets you dip in anywhere, finish quickly, and discover insights about where the country is heading

Trump administration set to suspend Jones Act to curb oil prices

The US last issued a waiver for the Jones Act in October 2022 for a tanker heading to Puerto Rico to deliver supplies follow Hurricane Fiona

Oil jumps about 9% as Iran says Strait of Hormuz to remain closed

Brent futures extended gains to climb up $8.05, or 8.8 per cent to $100.03 at 10:25 a.m. ET or 1425 GMT, while U.S. West Texas Intermediate crude climbed $8, or 9.2 per cent to $95.25

US eyes Hormuz tanker escorts by April as Trump downplays oil spike

Asked if escorts could be provided by the end of the month, Wright said: "I think that, yes, I think that is quite likely the case."

Oil unlikely to hit $200 a barrel despite war shock: US Energy Secy

Oil prices jumped more than 9 per cent to nearly $100 a barrel

Strait of Hormuz will stay closed, used as leverage, warns Mojtaba Khamenei

In his first comments as Supreme Leader, Khamenei said the critical Strait of Hormuz would remain closed as a means of leverage and that all US bases in the region should be closed immediately

Stranded due to West Asia conflict? It may affect your tax residency status

Incorrect assessment of status and failure to fulfil tax-related obligations can have serious consequences

Govt may release 19 kg commercial LPG cylinders soon to ease supply

The Centre is considering releasing 19 kg LPG cylinders to ease shortages affecting restaurants and industries, while boosting imports and alternative fuel supplies, a petroleum ministry official said

What are the various fixed deposit rates banks are offering?

Here is a detailed list of the fixed deposit interest rates being offered by various banks across different tenures

Recovery over raves: How fitness is reshaping weekend spending

Urban professionals are increasingly trading nightlife for fitness studios, run clubs and wellness cafes, signalling a shift in how India's city dwellers socialise, spend and recharge over the weekend

India in talks with Iran for safe passage of over 20 tankers via Hormuz

Negotiations are still ongoing and are being handled by the ministry of foreign affairs, said the people, who asked not to be named as the conversations are sensitive