NMDC output, sales increase 11% in October
The Hindu
NMDC reports 11% Y-o-Y increase in Oct iron-ore production/sales to 3.92 mt/3.44 mt respectively. Cumulative production/sales up 19%/23% to 23.48 mt/23.99 mt. Best-ever October/nine-month performance. CMD credits Team NMDC's "steely spirit" for record-breaking results.
State-owned miner NMDC reported a 11% year-on-year increase in iron-ore production and sales to 3.92 million tonne (3.53 mt) and 3.44 mt (3.09 mt) respectively for October.
Production up to October this fiscal was 19% more at 23.48 mt (19.71 mt), while cumulative sales increased 23% to 23.99 mt (19.44 mt). This was the best-ever October and up-to October (nine months) performance, India’s largest iron ore producer said.
“These numbers are the wind beneath our wings in our flight towards the target of 50 mt production. Record-breaking performances month after month are a testament to Team NMDC’s steely spirit,” said Amitava Mukherjee, CMD (additional charge).
Mercedes-Benz India will increase vehicle prices by up to 2% in January to counter rising costs and currency pressures.
CCI is investigating if IndiGo violated competition norms amid significant flight disruptions and concerns over its dominant market position.
The Coal Controller Organisation is appointed to regulate and register proposed coal exchanges, enhancing market competition and oversight.
The rupee hits a record low amid U.S. trade stalemate and portfolio outflows, prompting potential RBI intervention.
November 2025 sees robust growth in India's auto industry, with record sales in passenger vehicles, two-wheelers, and three-wheelers.
Stock markets soar as Sensex and Nifty extend gains in early trade, driven by positive global trends and U.S. rate cuts.
Petroleum and Natural Gas Rules 2025 amended to enhance business ease, extend lease durations, and strengthen domestic exploration infrastructure.
Tata Hitachi strengthens its focus on India's construction market amid global tariffs and rupee depreciation, leveraging local growth opportunities.
Domestic household savings replace foreign institutional money, giving Indian markets stability but raising concerns about unequal participation and limited returns for new retail investors. Access asymmetry and unequal outcomes emerge as key challenges, making investor protection, lower fees, passive investing, and stronger governance crucial.
The Ministry of Petroleum and Natural Gas (MoPNG) should work closely with the Ministry of External Affairs (MEA), and other concerned government agencies, to strengthen diplomatic engagement with oil-producing countries, secure favourable investment terms and address tax and regulatory hurdles faced by public-sector enterprises (PSEs) abroad, the parliamentary committee on public undertakings (2025-26) stated in their latest report tabled Wednesday.
Why is the rupee falling? Is it falling worse than other currencies? Does the fall hurt or help the Indian economy? And finally, is this a cause for alarm? Here we discuss these questions.
There’s great momentum in India in terms of AI and agentic AI applications getting deployed, observed Satya Nadella, Chairman and Chief Executive Officer, Microsoft.
Prada partners with Indian organizations to create a limited-edition sandal collection inspired by traditional Kolhapuri Chappals.