China’s curbs on rare earth exports have shaken the global auto industry. Carmakers faced production halts. The restrictions also hurt Chinese magnet producers. Magnet exports saw a sharp decline. A deal between the US and China aims to restart trade. However, recovery is expected to be slow. Domestic magnet firms face challenges.
Cryogenic OGS saw a blockbuster IPO debut. The issue was oversubscribed by a huge margin. Retail investors showed immense interest. High-net-worth individuals and qualified institutional buyers also participated actively. The grey market premium suggested a strong listing. The company designs filtration and measurement systems. It raised funds from anchor investors before the IPO.
A new report by Nexgen Exhibitions projects India’s drone industry could unlock $23 billion in manufacturing potential by 2030, fueled by demand from defense, agriculture, logistics, and infrastructure. Operation Sindoor has accelerated drone adoption, with agriculture expected to be the largest consumer by 2030. The Drone International Expo 2025 in Delhi will showcase global innovation…
US President Trump has announced new tariff rates effective August 1, 2025, impacting trade partners. Letters sent to Japan and Korea reveal a 25% tariff. Meanwhile, Trump warned of additional tariffs on nations associated with the BRICS bloc, accusing them of anti-Americanism.
US President Donald Trump is set to reveal trade agreements and tariff letters, with a potential August 1 deadline for nations failing to finalize deals. Negotiations intensified as countries aimed to avoid penalties on US exports, while the EU and Japan engaged in discussions with the US. Market concerns resurfaced amid trade reconciliation efforts, impacting…
Nabard aims to complete the IT integration of amalgamated Regional Rural Banks by September 30, streamlining rural banking services. Post-merger, 28 RRBs operate across 26 states and 2 UTs, with Nabard building digital infrastructure to expand rural outreach. Efforts include digitizing agricultural value chains, deploying blockchain for crop traceability, and strengthening Business Correspondent networks to…
Tesla shares plunged after Elon Musk launched the “America Party,” reigniting investor concerns about his focus amid slowing sales and an aging vehicle lineup. This move escalates his feud with Donald Trump, who criticized Musk’s influence over NASA. Investors worry about a distracted Musk and potential impacts on Tesla’s government contracts, pressuring the board to…
Reserve Bank of India keeps the Floating Rate Savings Bonds interest rate at 8.05% for July to December 2025. This rate is higher than many bank fixed deposits. These bonds offer safety and good returns. The rate is linked to National Savings Certificate and recalibrated every six months. These bonds are good for long-term conservative…
India is revamping its shipping strategy after a previous scheme failed to boost the share of cargo carried by Indian ships. The new plan involves inter-ministerial consultations and aims to create a fleet of Indian-built vessels to meet rising import demands in key sectors like petroleum, steel, and fertilizers.
Jio BlackRock Asset Management has made a strong debut, raising over $2.1 billion through its initial three mutual fund schemes. Launched shortly after securing its license in May, the offering attracted significant interest from both institutional investors and retail participants.
