News zum Sektor Metalle / Bergbau aus Indien

 

India withdrew a tax benefit on gold, silver and platinum imported by banks and state-nominated agencies, subjecting shipments to a 3% levy and raising costs for the main channels supplying one of the world's largest bullion markets....

Elon Musk accused unnamed rivals of blocking SpaceX's Starlink satellite broadband network in India, an apparent swipe at billionaires Mukesh Ambani and Sunil Bharti Mittal....

The proposal is aimed at ensuring that different channels used to import bullion face similar tax treatment and at reducing classification and valuation disputes that have resulted in lengthy litigation. The issue is likely to be discussed at the GST Council meeting on October 8. Currently, banks and certain nominated agencies are required to pay 3% GST when importing precious metals....

Russian cash helped Essar, the firm behind the steel factory, manage major debts. Now the group's investing in the US....

Exorbitantly high gold prices and steep taxes are driving more Indian buyers into under-the-counter cash sales, where bullion and jewelry change hands without invoices that can be traced by authorities....

Indian copper producers are seeking a domestic tax break, saying record metal prices are tying up working capital across the supply chain....

Sunil Bharti Mittal's Airtel Money targets $9bn IPO in boost for ailing UK stock marketA payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange.Airtel Money, the mobile money arm of Airtel Africa, is planning one of the biggest UK listings in years, in a boost for the shrinking London market that has faced a string of recent departures. Continue reading......

Titan's Managing Director Ajoy Chawla says gold rate volatility, and not the macros has been the biggest challenge for the company in recent times. He said this in an exclusive conversation with BTV's Menaka Doshi. (Source: Bloomberg)...

India's gem and jewellery exports saw a 3.14% increase in August, reaching $2.30 billion. This growth was primarily fueled by a significant rise in studded gold jewellery shipments. Diamond export volumes also contributed positively to the overall export performance during the month. Plain gold jewellery exports experienced a decline due to rising gold prices and input costs. The industry is evolving into a global hub for design and value addition....

Silver prices have fallen steadily over the past seven months, following an extraordinary rally that pushed the metal more than 300% higher year-on-year. In January, silver crossed Rs 4 lakh per kg on the Multi Commodity Exchange for the first time....

In another boost to the solar power sector, the Indian Union Cabinet recently approved the Pradhan Mantri Surya Sarovar Yojana, a scheme for the development of floating solar photovoltaic projects....

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India's government is selling about a 6% stake in Hindustan Copper Ltd., capitalizing on strong domestic liquidity and record global prices of the industrial metal as it seeks to meet its annual divestment target....

Shipments of silver into India are picking up despite administrative hurdles, as traders seek to capitalize on attractive premiums after a new licensing regime disrupted imports....

Tata Steel Ltd. is selling a soccer team that was part of India's top professional league for a token $1 in a blow to the nation's aspirations of climbing the global rankings....

Indian Refiners Continue West Africa Crude Buying Spree By Tsvetana Paraskova of OilPrice.com India's state-run refiners continue their buying spree of crude from West Africa as the Middle East crisis has sapped supply and made deliveries uncertain. In one of the latest purchases via a tender, India's state-owned refiner Hindustan Petroleum Corporation Limited (HPCL) has acquired 2 million barrels of Nigerian crude oil from Shell, trade sources told Reuters on Thursday. HPCL has bought 1 million barrels each of Nigerian crude grades Forcados and Bonga for its Visakh refinery in the state of Andhra Pradesh on the east coast of southern India. The refinery has the capacity to process 300,000 barrels per day (bpd) of crude. Earlier this week, reports emerged that HPCL acquired 2 million barrels of Okwuibome and Utapate crudes from Nigeria from commodity trader Glencore via a tender. The Nigerian crude from Glencore will go to feed HPCL's refinery in the state of Rajasthan, HPCL Rajasthan Refin...

Coal India Ltd. is set to start mining iron ore as the world's biggest coal producer diversifies its core business and reduces dependence on the dirtiest of fossil fuels....

In a groundbreaking announcement, the World Gold Council has introduced an extensive twenty-one-year roadmap for India's gold industry. This plan focuses on ramping up local mining efforts while establishing India as a premier jewelry hub. It also envisions increased integration of gold in high-tech sectors and financial systems, encouraging households to leverage their gold assets, ultimately supporting India's ambition to become self-reliant and economically robust....

Mit der Energiewende wollen Indien und China ihre Abhängigkeit von Öl und Gas verringern. Doch an die Stelle fossiler Energien treten neue geopolitische Risiken - von kritischen Mineralien bis zu globalen Lieferketten....

India's Nuclear Push Further Strains The Massive Uranium Supply Gap Prime Minister Modi secured another major uranium supply line. During his visit to Australia this month, the two sides finalized the administrative arrangements needed to move Australian uranium to India under the previous 2014 nuclear cooperation agreement. The fuel must stay under IAEA safeguards for exclusively peaceful use.  Australia holds roughly 28% of global uranium reserves. New Delhi has eyed those reserves for years, and now the yellowcake spigot can open. This follows the March deal with Canada's Cameco. That contract covers nearly 22 million pounds of U3O8 from 2027 through 2035 at market-related pricing, worth around C$2.6 billion.  India already buys from Russia and Uzbekistan, and holds some domestic production. The message is consistent: a country targeting 100 GW of nuclear capacity by 2047 cannot rely on thin indigenous resources alone.  Current operable capacity sits near 8 GW. The gap requires sustain...