Gold
GHH exhibits MK-A20 dump truck for the first time in T?rkiye
Framework for State Mining Index
The mining sector plays a crucial role in the economic development of nations worldwide. In India, the Ministry of Mines is taking significant steps to enhance transparency and governance in the sector. Recently, the Mines Secretary announced that a framework for the State Mining Index is in its final stages of development, aiming to provide stakeholders with valuable insights into the performance of different states in mineral resource management.
This initiative comes at a pivotal time when the mining industry is undergoing rapid changes, driven by technological advancements, evolvin..
Adani Enterprises Plans Rs.8.5 Billion Investment
Adani Enterprises, a prominent Indian conglomerate, has unveiled ambitious plans to invest Rs 80,000 crore in capital expenditure during the current fiscal year. This substantial investment underscores the group's commitment to aggressive expansion across various sectors.
The investment primarily aims to bolster Adani's presence in key areas such as infrastructure, renewable energy, logistics, and coal mining. With this significant infusion of capital, Adani Enterprises is poised to fuel its growth trajectory and solidify its position as a major player in India's economic landscape...
IG Drones Secures Landmark Contract for Panna Diamond Mining Project
IG Drones has achieved a significant milestone by securing a landmark contract for the Panna diamond mining project, where it will conduct drone surveys. This contract marks a noteworthy advancement in the field of mining technology, particularly in the realm of diamond mining. IG Drones' selection for this project underscores its expertise and capabilities in providing innovative solutions for the mining industry.
The use of drones for surveying in the Panna diamond mining project represents a departure from traditional methods, offering several advantages such as increased efficiency..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
IEX reports 13.7% spike in annual volume; 110.1 billion units in FY24
The Indian Energy Exchange (IEX) disclosed a notable 13.7% uptick in total volumes, reaching 110.1 billion units (BU) for the fiscal year ending March 31, 2024. The company unveiled its audited standalone financial outcomes on May 15, 2024, spotlighting a robust revenue surge of 16.2% to Rs5.508 billion. Profit After Tax (PAT) for the year marked a commendable ascent of 16.7 %, reaching Rs3.414 billion, while consolidated PAT escalated by 14.7 % to Rs3.508 billion. In the fourth quarter alone, IEX observed a notable 15.5 % surge in total volumes, recording 30.1 BU. Quarterly revenue soared to ..
