New Delhi: Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue ‘engineering efforts’ to address the raw material shortage situation, according to a senior company executive. The imposition of export restrictions by China on key rare earth magnets has resulted in supply…
Trump’s assertion about assisting Pakistan in building huge oil reserves for potential exports to India appears overly optimistic. (AI image) Harsh Goenka, chairman of RPG Enterprises has mocked US President Donald Trump’s suggestion that Pakistan may one day sell oil to India. Trump has said that America will help Pakistan build ‘massive oil reserves’ such…
India is undergoing a major transformation in its semiconductor journey, rapidly building capabilities to become a critical player in the global chip value chain. The push is backed by significant policy support, large-scale investments, and a growing pool of skilled engineers, as per news agency ANI.Semiconductors, essential to devices ranging from smartphones and televisions to…
About 3,200 machinists in St. Louis are poised to walk off the job after failing to reach an agreement on wages and retirement benefits. Source link
India’s cooperative sector is preparing to challenge ride-hailing giants Ola and Uber with the launch of a new taxi service under the brand ‘Bharat’ by the end of 2025, backed by a Rs 300 crore authorised capital. The initiative, fully funded by leading cooperatives, has already enrolled 200 drivers across four states, according to news…
The Centre has notified a new regulatory framework for India’s edible oil industry, aiming to increase transparency, prevent supply disruptions, and ensure fair prices for consumers. The Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order, 2025, notified on August 1 by the ministry of consumer affairs, amends the existing 2011 Order under Section 3…
The tariffs are a substantial new source of revenue for the federal government. The budget may start to depend on it. Source link
US President Donald Trump’s trade advisor Jamieson Greer has said the new American tariff rates are “pretty much set” with limited scope for negotiation, defending the Trump administration’s latest round of levies, including harsh duties on Brazil.In a pre-recorded interview aired on CBS’s Face the Nation on Sunday, US trade representative Greer said the rates…
Saudi Arabia, Russia and six other key members of the OPEC+ alliance, collectively known as the Voluntary Eight (V8), have agreed to increase oil production by 547,000 barrels per day (bpd) starting September 2025, a move seen as an attempt to regain market share amid resilient oil prices.As per news agency AFP, the decision was…
Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand. Source link
