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Business News Today: Read latest breaking headlines for Business news, Financial news, Stock/Share market & Indian Economy news & updates on Businessline.
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News
India's next commodity cycle could be driven by scrap as organised metal recycling gains momentum
1+ mon, 2+ week ago (288+ words) India's metals industry is undergoing a structural shift from mining towards recycling, with organised non-ferrous metal recyclers positioned to benefit from rising metal consumption, resource constraints, sustainability requirements and increasing formalisation of the scrap ecosystem, according to a report by…...
Adani, Vedanta, Hindalco oppose inclusion of scrap-based rods in copper standards
3+ mon, 3+ week ago (298+ words) India’s top copper producers, including Adani, Vedanta and Hindalco, are opposing plans to make copper wire made by secondary refiners acceptable under government quality standards, saying products made from scrap pose safety risks. The dispute has triggered a months-long standoff…...
Steel ministry seeks intervention for mills facing LPG shortages
5+ mon, 2+ week ago (198+ words) Union steel ministry has sought assistance from the oil ministry to ensure that steel plants are not affected by liquefied petroleum gas shortages, a source with direct knowledge of the matter told Reuters on Thursday. India, the world’s second-biggest crude…...
India’s scrappage network runs at 25% capacity: Gadkari in Rajya Sabha; experts flag weak economics
5+ mon, 3+ week ago (651+ words) India’s vehicle scrapping infrastructure is operating at about a quarter of its installed capacity, with 134 authorised facilities capable of dismantling 1.3–1.6 million vehicles annually, but only 2,79,792 vehicles have been scrapped so far in FY26, according to data shared by Road Transport and…...
PLI push is paying off
8+ mon, 5+ day ago (388+ words) Marked output gains in steel, electronics, pharma The Production Linked Incentive (PLI) scheme was introduced in April 2020 with the intent of fast-tracking growth and helping the country become a $5 trillion economy In this regard, the PLI scheme supports domestic companies,…...
Industrial growth surges to 25-month high of 6.7% in Nov
8+ mon, 2+ week ago (304+ words) With boost in manufacturing and mining sector, factory output measured by Index of Industrial Production (IIP) grew by 6.7 per cent in November as against 0.4 per cent of October, government reported on Monday. The latest reading is highest in 25 months. Experts…...
Core sector grew at 1.8% in Nov
8+ mon, 3+ week ago (329+ words) During the month, coal production increased by 2.1% in November, fertilizer production increased by 5.6%, steel production increased by 6.1% and cement production went up by 14.5% Eight key infrastructure sectors grew at 1.8 per cent in November as against de-growth in September, according to…...
JSW One Platforms raises ₹575 cr from SBI, JSW Steel, others
11+ mon, 6+ day ago (264+ words) JSW One Platforms, a B2B e-commerce marketplace, has raised ₹575 crore. The round, initiated in May, witnessed participation from marquee investors including the State Bank of India, Principal Asset Management, One-Up, International Conveyors, Scarlett Ventures and JSW Steel. The fresh capital will…...