ED attaches assets of Central Colieries in coal block allocation case

If crude oil prices sustain above USD 100 per barrel in FY27, the Central government's annual additional expenditure could rise by Rs 3.6 lakh crore, according to a report by Elara Securities.

Bhubaneshwar (Odisha) [India], March 12: Jindal Steel has been declared the preferred bidder by the Government of Odisha for the Rengalaberha North-East Extension and Nuagan West Iron Ore Block in Keonjhar district. The iron ore block spans approximately 84 hectares. Following the successful conclusion of the online auction, Jindal Steel has committed to a final price offer of 111.15 per cent premium to the Government of Odisha.

New Delhi/ Angul (Odisha) [India], March 11: Jindal Steel today announced a significant milestone in its strategic growth journey. The company was declared the preferred bidder by the Government of Odisha for the Thakurani-A1 Iron Ore Block, with an area of 202 Ha in Keonjhar, Odisha, after the conclusion of the online auction, committing to pay a 101.20 per cent Premium to the Government. The Thakurani-A1 Iron Ore Block was part of a recent auction round for 12 virgin mineral blocks notified by the Odisha Directorate of Mines and Geology in December 2025. The virgin block is G3-level explored with around 50 million tonnes of iron ore resources as per the Government document.

An Australia-India partnership took a step closer to green steel through a "world-first" use of agricultural waste in steelmaking during a successful commercial-scale trial in India. Researchers from Australia's national science agency, CSIRO, and the Indian Institute of Science (IISc) demonstrated a viable approach to cut emissions by partially replacing coal with locally sourced rice husk pellets.

Gwalior (Madhya Pradesh) [India], March 10: iTokri, the artisan-direct e-commerce platform that has worked with over 10,000 artisans across 500+ craft clusters since 2012, has opened its 2026 summer fabric collection - what the company says is the largest curated selection of handmade summer running fabrics available online in India. The collection spans Mulmul, Kota Doria, Chanderi cotton, organic Kala Cotton, Ajrakh, Kalamkari, Bagh block print, Mangalagiri handloom, Sambalpuri Ikat, and Bandhani, sourced directly from weaver communities across nine states.

New Delhi [India], March 9: India has emerged as a joint global leader in FinTech adoption. According to the EY Global FinTech Adoption Index, 87% of Indian consumers actively use FinTech services, nearly 25 points above the global average of 64%. No other major economy comes close to this level of mass adoption.

New Delhi [India], March 9: The sixth edition of 'Lineman Diwas' was celebrated in New Delhi today by the Central Electricity Authority (CEA), Ministry of Power, in collaboration with Tata Power Delhi Distribution Ltd. The observance of Lineman Diwas is aimed at acknowledging the tireless dedication and invaluable services of linemen and ground maintenance staff, whose contributions are critical to ensuring the reliable delivery of electricity services across the country.

NITI Aayog, the central government's premier policy think tank, has signalled a strengthened commitment to transforming India into a global electronics powerhouse through strategic industry partnerships. Posting on its X account, Niti Aayog said, "NITI Aayog Vice Chairman Suman Bery met with the leadership team of Tata Electronics, led by MD & CEO Dr. Randhir Thakur, to discuss opportunities to accelerate India's electronics manufacturing growth."

Mumbai (Maharashtra) [India], March 7: On 1 February, the Union Budget announced government plans to significantly increase its capital spending. The allocation is INR 11.21 lakh crore for FY 2025-26 and is expected to increase further next year. For MSMEs, this will shape how demand and business opportunities develop in the period ahead.

This comes as Union Minister for Labour and Employment Mansukh Mandaviya on Monday chaired the 239th meeting of the Central Board of Trustees (CBT), EPF in New Delhi.