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Two-year-old child among six people killed as slab of Saptashrungi building collapses in Maharashtra's Kalyan
The slab of the fourth floor caved in around 2:15 PM, and the debris crashed through the lower floors of the Saptashrungi Building located in Mangalaragho Nagar area in Kalyan East.
1 min read20 May 2025Nalco, Vedanta, Hindalco and 3 other metal stocks jump up to 33% in less than 2 months. What's behind the rally?
Metal stocks have rebounded sharply, with NALCO and Jindal Stainless seeing over 30% gains since April. This recovery is driven by easing trade tensions between the U.S. and China, alongside positive domestic demand forecasts.
3 min read20 May 2025Vedanta, Hindalco Nalco share prices rise: US- China tariff talks raise hope but caution persists on base metal prices
Metal Stocks: Vedanta, Hindalco, Nalco share price rebounded 4-13% during week ending 16 May 2025. While the US- China tariff talks raise hopes on improvement in base metal prices, caution still prevails. say analysts
2 min read17 May 2025Nifty Metal on track for best weekly rally in 4 years amid easing trade tensions
Tata Steel, Adani Enterprises, Hindustan Copper, Vedanta, and Hindalco Industries have gained up to 14% so far this week as easing US-China trade tensions boost investor confidence in metal stocks. The Nifty Metal index surged 9.17%, marking its largest weekly gain since May 2021.
2 min read16 May 2025China’s rare earths aren’t as rare as you think
When the country tried to choke off supply of the metals before, the world found ways to adapt.
3 min read13 May 2025Stock to buy for long-term: Anand Rathi sees 30% upside in this metal stock. Here's what the brokerage firm says
Stock to buy for long-term: Lloyds Metals and Energy share price climbed over 2 per cent in morning trade on the BSE on Friday, May 2. The stock fell over 6 per cent in April.
2 min read2 May 2025From Tata Steel, SAIL to JSW Steel— metal stocks rise 1-2%. Here's why
The Nifty Metal index rose 1.5% to an intraday high of 8,783, marking its sixth consecutive gain. Major stocks like Tata Steel and Hindalco saw increases following the Indian government's 12% safeguard duty on steel imports, aimed at protecting the domestic industry.
1 min read22 Apr 2025Meta anti-trust case: What Mark Zuckerberg told Court in 3 days — ‘didn't buy Instagram, WhatsApp because of threat…’
Meta anti-trust case: Mark Zuckerberg testified in court that he acquired Instagram and WhatsApp for their value, not to eliminate competition, countering FTC claims of monopolistic practices.
3 min read17 Apr 2025Caught in crossfire: Nifty Metal slumps 2.5% as Trump raises China tariffs to 104%; Lloyds Metals worst hit
The tit-for-tat trade policies have raised fears of a sharp fall in demand for copper, zinc, and other industrial metals, as both the U.S. and China together account for 45% of global GDP, impacting metal stocks back home.
3 min read9 Apr 2025Hindalco, Tata Steel to Adani Enterprises: US-China tariff war singes metal stocks; Nifty Metal sinks 8% to 52-week low
Indian metal stocks suffered significant losses for the second consecutive session as the US-China trade war escalates, with the Nifty Metal index falling 8.60% to a 52-week low. Major companies like Tata Steel and Hindalco faced declines amid concerns over global economic repercussions.
3 min read7 Apr 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
The Gensol-BluSmart saga
On 24 February, Mint first reported, citing people familiar with the developments, that Blu-Smart Mobility, Anmol Jaggi’s privately-owned electric cab-hailing service, had defaulted on Rs 30 crore worth of bonds in early February because of a cash crunch. The company subsequently paid non-convertible debenture (NCD) holders. (Even before this development, another Mint story on 4 February had spotlighted Gensol's shareholding pattern: In September 2022, Hari Shankar Tibrewala had invested in the company, part of whose stake was taken into possession by the Government of India in late 2024.) Just 10 days after we wrote about the news of Blu-Smart facing a cash crunch, things turned worse for Gensol when Care Ratings downgraded the company to default. The rating agency's action marked the start of a downward spiral for the company, which then saw its share prices crash, leading to the invocation of promoter shares and raising questions on corporate governance. Finally, on 15 April, the market regulator, the Securities and Exchange Board of India, in an interim order, minced no words when it barred the Jaggi brothers from being at the helm and ordered Gensol to undertake a forensic audit on money siphoning. Here’s a list of all these stories by Mint to understand how the company, once the poster boy of renewable energy and EV space, unravelled.