Bypassing China’s minerals export ban: US buyers re-routing shipments via Mexico
Following China's export restrictions on antimony, gallium, and germanium, US imports from Thailand and Mexico have surged. This redirection suggests Chinese-origin materials are being rerouted through third countries to bypass the ban. Despite China's enforcement efforts to halt illegal transshipments, the lure of high overseas prices keeps these unofficial flows alive, driven by soaring demand.
DRDO tech drive: Over 2,000 technology transfer deals inked in 2024
DRDO has significantly boosted India's defence self-reliance by signing over 2,000 technology transfer agreements and issuing 200 production licenses in 2024. Private industries are receiving financial support and technical guidance to develop core military technologies. The CII Manufacturing Conclave East also highlighted the need for synchronizing manufacturing with logistics and eastern India's industrial growth.
Starlink in India: Elon Musk's firm cleared to offer satellite internet
The Supreme Court has agreed to hear additional petitions challenging the Election Commission of India's decision to conduct a Special Intensive Revision of electoral rolls in Bihar. Concerns have been raised about the directive requiring voters to submit proof of citizenship, potentially disenfranchising marginalized communities. Petitioners argue the order imposes unfair documentation burdens and could disrupt free and fair elections.
Nvidia market cap milestone: Chipmaker becomes first company to hit $4 trillion
Nvidia's market capitalization soared to $4 trillion on Wednesday, driven by robust demand for AI-related stocks. This milestone positions Nvidia as the world's most valuable publicly listed company. The chipmaker's shares climbed, fueled by its leadership in AI semiconductor design and optimism surrounding AI adoption. The Dow Jones, NASDAQ, and S&P 500 also saw gains, reflecting positive market sentiment.
IndiGo Ventures closes maiden fund of Rs 450 crore
IndiGo Ventures, the investment arm of IndiGo, has launched its initial fund with ₹450 crore, marking its first investment in Jeh Aerospace. This aerospace startup specializes in high-precision manufacturing for the aerospace and defense sectors. IndiGo's CEO, Pieter Elbers, emphasized the partnership's role in strengthening India's aviation ecosystem and promoting technological advancements.
Adani bond sale: Rs 1,000 crore issue fully subscribed in 3 hours
Adani Enterprises' Rs 1,000 crore NCD issue was fully subscribed within three hours, driven by strong non-institutional demand from retail investors, HNIs, and corporates. The offering, featuring an annual interest of up to 9.3%, may close early due to the overwhelming response. Proceeds will primarily be used to repay existing debt, reaffirming investor confidence in the company's credit profile.
China's earth exports clampdown: Revenues plunge and inventories pile up despite US deal
China's curbs on rare earth exports have shaken the global auto industry. Carmakers faced production halts. The restrictions also hurt Chinese magnet producers. Magnet exports saw a sharp decline. A deal between the US and China aims to restart trade. However, recovery is expected to be slow. Domestic magnet firms face challenges.
Cryogenic IPO listing: Retail bids soar 774x, total issue subscribed 646 times
Cryogenic OGS saw a blockbuster IPO debut. The issue was oversubscribed by a huge margin. Retail investors showed immense interest. High-net-worth individuals and qualified institutional buyers also participated actively. The grey market premium suggested a strong listing. The company designs filtration and measurement systems. It raised funds from anchor investors before the IPO.
Drone industry: India’s manufacturing potential may hit $23 billion by 2030
A new report by Nexgen Exhibitions projects India's drone industry could unlock $23 billion in manufacturing potential by 2030, fueled by demand from defense, agriculture, logistics, and infrastructure. Operation Sindoor has accelerated drone adoption, with agriculture expected to be the largest consumer by 2030. The Drone International Expo 2025 in Delhi will showcase global innovation in the sector.
Who will matter more for Elon Musk and Tesla: Donald Trump or Xi Jinping?
Tesla shares plummeted following escalating tensions between Elon Musk and Donald Trump, compounded by declining vehicle deliveries. Musk's launch of the "America Party" further unsettled investors, already concerned about Trump's potential impact on Tesla's subsidies and Musk's divided attention. Tesla faces challenges in China, losing market share to domestic competitors like BYD and Xiaomi.