Indian economy
Govt May Double Safeguard Duty on Steel to 24% Amid China Dumping Fears
The government is mulling a doubling of the safeguard duty on steel imports from the existing 12% to up to 24%, aimed at...
GST Collections Cross ₹2 Lakh Crore in May, Increase 16.4% YoY
India’s Goods and Services Tax (GST) collection crossed an all-time high of ₹2.01 lakh crore during May 2025 at 16.4% year-on-year growth, according...
Trump’s 50% Steel Tariff May Not Hit India Directly, but Global Trade Sentiment at Risk
Former US President Donald Trump has announced a sharp hike in import tariffs on steel and aluminium, doubling them to 50% starting June...
Centre Tightens Steel Procurement Norms with New ‘Melt and Pour’ Rule for Government Projects
In a firm thrust towards developing indigenous manufacturing and cutting back on the reliance on imported components, the Central government has issued a...
Sarda Energy & Minerals Posts 15% Jump in Q4 Profit, Annual Net Rises 34%
Indian steel and mineral producer Sarda Energy and Minerals Limited on Monday reported a 14.74% year-on-year rise in its net profit for the...
SML Reports 4% Increase in Stainless Steel Production for April
Shyam Metalics Limited (SML) reported a 4% year-on-year growth in its stainless steel production in April 2025 at 7,149 mt, the company said...
India Pushes for Overseas Raw Material Acquisitions to Boost Steelmaking Capacity
India is actively seeking Indian companies to acquire raw material assets overseas, in an attempt to integrate India’s steel supply chain as it...
India Seeks Increased Steel Export Access in Current FTA Negotiations: Piyush Goyal
India is aggressively seeking better trade terms to increase its steel exports through current Free Trade Agreement (FTA) negotiations with several global partners,...
Govt Approves ₹11,440 Cr Lifeline for Vizag Steel, Rules Out Immediate Merger with SAIL, NMDC
Govt approves ₹11,440 cr lifeline for Vizag Steel, rules out immediate merger with SAIL, NMDC Sorting out Visakhapatnam Steel Project finances Rashtriya Ispat Nigam...
PM Modi Inaugurates ₹8,300-Crore Infrastructure Projects in Rameswaram – India’s First Vertical Lift Sea Bridge
Prime Minister Narendra Modi on April 06 and announced infrastructure projects worth over ₹8,300 crore on the occasion of Ram Navami in a clear...
