India's Mineral Production Up 8% in Feb

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..

India's Mineral Production Up 7.5% in FY24

India's mineral production witnessed a notable increase of 7.5% in the fiscal year 2023-24, with iron ore and limestone recording record-high outputs. This growth underscores the resilience and strength of India's mining sector amidst evolving market conditions and economic challenges.

According to recent data, mineral production in India surged by 7.5% during FY24, driven by robust performances in key sectors such as iron ore and limestone. Iron ore production reached record levels, reflecting increased demand and improved mining operations efficiency.

Limestone production als..

India Set to Lead Offshore Mining

India's amended legislation opens up vast opportunities for offshore mining, positioning the nation as a formidable player in the global arena. With the potential to tap into rich mineral deposits lying beneath its seabed, India stands at the forefront of a burgeoning industry set to redefine its economic landscape.

The amendments address regulatory complexities and streamline processes, fostering a conducive environment for investment and development in offshore mining ventures. By simplifying licensing procedures and providing clarity on royalty structures, the government has laid th..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..