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Business News > Mint Authors > Swansy Afonso

Swansy Afonso

ARTICLES BY SWANSY AFONSO

The government has unveiled incentives of at least $3.4 billion to expedite its lagging adoption of EVs as Prime Minister Narendra Modi vows to reach net zero by 2070 (Photo: Bloomberg)

India’s foray into the EV battery market lacks some key ingredients

5 min read . 10 Jan 2023

Gold imports in December rose 18% from a year earlier to 55.4 tons (Photo: Bloomberg)

Covid-19 chaos slashes India’s gold imports to lowest since 2009

1 min read . 05 Jan 2021

As many as 90% of the industry’s workers have come back as business has recovered in the key manufacturing cities of Surat, Jaipur and Mumbai (Photo: AFP)

Gems, jewelry exports from India recover sharply in November

1 min read . 07 Dec 2020

Hindalco said it expects India’s demand for such products to jump to 850,000 tons by 2030 from 373,000 tons currently. (Photo: Mint)

Hindalco plows on with $947 million growth plan as India revives

1 min read . 07 Dec 2020

Customers shop for gold inside a jewellery store during the festival of Dhanteras (Bloomberg)

Diwali gold-buying demand better in Tier 2, Tier 3 cities than urban areas

3 min read . 14 Nov 2020

The diamond industry works on credit which ranges from 30-180 days and the diamonds are sold only on reference basis. Photo: Aniruddha Chowdhury/Mint

Slump in diamond exports is much worse than 2008: Colin Shah

1 min read . 14 Oct 2020

Vedanta chairman Anil Agarwal. Photo: Mint

Vedanta to return $2.5 billion funds after delisting flop

2 min read . 13 Oct 2020

MCX plans more index futures after bullion

1 min read . 24 Aug 2020

Gold is both an insurance policy and a retirement plan in India that lacks robust social welfare systems or widespread access to formal credit (Photo: Reuters)

Indians may borrow more against gold to tide over financial crisis

3 min read . 30 Apr 2020

Gold demand in India had already been slammed by record high prices and slowing growth

Akshaya Tritiya: Jewelers focusing on online gold sales as stores remain closed

3 min read . 24 Apr 2020

Overseas, bullion is trading near its highest level since 2013. Photo: Pradeep Gaur/Mint (Pradeep Gaur/Mint)

Gold ETFs in India lure big inflows even as buyers shun jewelry

1 min read . 18 Feb 2020

Analysts expect NMDC to remain India’s biggest commercial miner and are positive on the stock

NMDC targets 50% jump in output next year

2 min read . 12 Feb 2020

India’s EV production will rely on imports from China of lithium chemicals used to make cathodes and battery cells. (Bloomberg)

India’s electric vehicle ambitions could stumble on lack of Lithium

2 min read . 21 Jan 2020

Railway ministry expects to buy about 1.5 million tons of tracks in the year ending March

Hindustan Zinc looks to gain from modernisation of Indian Railways

2 min read . 17 Jan 2020

In just the two months of September and October this year, nearly 40% more gold was seized than the same period in 2018.

Gold smuggling on the rise as high prices boost appeal in India

2 min read . 13 Dec 2019

The acquisition of Essar Steel will make Arcelor the fourth-biggest producer in the country

Supreme Court paves way for ArcelorMittal's takeover of Essar Steel

3 min read . 15 Nov 2019

The company saw a tax gain of ₹1,610 crore compared with an expense of ₹718 crore during the same period a year earlier. (Photo: Reuters)

Vedanta reports 61% jump in quarterly profit as tax gain foils price fall

1 min read . 14 Nov 2019

Net gold imports during July-September slumped 66% to 80.5 tons from a year earlier period

Gold demand in India may fall to lowest in 3 years

2 min read . 05 Nov 2019

Gold buying in India is expected to pick up this month

From Tanishq to Kalyan to Malabar Gold, jewellers line up offers to lure buyers

3 min read . 10 Oct 2019

Benchmark gold futures in Mumbai have jumped 23% this year after India raised an import tax in July and as international prices rallied to six-year highs on growing US-China trade tensions (Photo: iStock)

Investors in India rush to gold ETFs, push inflow to 6-year high

1 min read . 09 Sept 2019