Altmin’s $250 million lithium refining project in Brazil has become the first Indian project listed with the Minerals Security Partnership, aiming to diversify critical mineral supply chains. The project, in collaboration with CBL, will refine spodumene ore into 32,000 tonnes of lithium carbonate. Altmin is also setting up India’s first lithium iron phosphate cathode gigafactory…
Naveen Jindal, President of the Indian Steel Association, anticipates a double-digit growth in India’s steel demand during the second half of the year, following a monsoon-induced slowdown. The recent GST reduction on cement and anticipated lower taxes on automobiles are expected to further stimulate steel consumption.
Rupert Murdoch’s family has finalized a succession plan, ensuring Lachlan Murdoch’s control over Fox Corp. until 2050. This arrangement, settling a dispute reminiscent of HBO’s “Succession,” grants Lachlan, along with his sisters Grace and Chloe, control of Fox News. Prudence MacLeod, Elisabeth Murdoch, and James Murdoch relinquished their claims for $3.
India and Qatar are on track to finalize terms for a bilateral trade agreement by October, while negotiations with the EU are underway, aiming for a free trade agreement by year-end. A trade deal with Oman is also expected soon, further strengthening India’s regional ties. These efforts reflect India’s strategy to navigate global trade uncertainties…
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday on positive global cues. While Nifty50 was above 24,850, BSE Sensex was up over 300 points.
Stock market recommendations: Somil Mehta of Mirae Asset Sharekhan recommends buying Apl Apollo Tubes Ltd, anticipating an uptrend after a flag pattern breakout, with targets set at Rs 1790. CDSL is also recommended for purchase, following a bullish consolidation breakout, aiming for a target of Rs 1670, as it resumes its upward trajectory.
China criticizes the United States’ 50% tariffs on Indian imports. China calls the move unfair and unreasonable. Ambassador Xu Feihong emphasizes strong India-China ties for global development. The US imposed additional levies linked to India’s Russian crude purchases. President Trump defends the measures and warns of further action. He claims India offered a no-tariff deal.
PNC Financial Services is set to acquire FirstBank for $4.1 billion, significantly boosting its retail banking presence in the US. This acquisition will establish PNC as the largest bank in Denver and expand its Arizona network, increasing its total assets to approximately $575 billion. The deal underscores PNC’s aggressive growth strategy through acquisitions and organic…
