Chilean firms partner to form giant company to exploit lithium

Chile’s state-owned Codelco, the world’s leading copper producer, and private miner SQM, which features Chinese capital, announced Saturday the creation of a giant company to exploit lithium, a lightweight metal used in batteries for electric vehicles.The South American country is the world’s second-largest producer of lithium, a key component of EVs and other clean technologies,…

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Meet Jayshree Ullal: Indian-origin billionaire at the top of Hurun’s rich list

In its latest rich list for the year 2025, Hurun India awarded Indian-origin billionaire Jayshree Ullal, the Chief Executive Officer (CEO) and President of Arista Networks. With this achievement, she has successfully surpassed popular Indian-origin tech leaders such as Google’s Sundar Pichai and Microsoft’s Satya Nadella in the list of wealthiest executives in the tech…

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Brace for fog chaos at airports on Sunday: IndiGo cancels flights; Air India issues travel advisory

NEW DELHI: IndiGo has cancelled 13 flights scheduled for Sunday, citing forecasted bad weather across several airports, with two services affected by operational reasons. The cancellations impact routes to and from major cities, including Chandigarh, Mumbai, Ahmedabad, Hyderabad, Amritsar, Bengaluru, Delhi, Gaya, Kolkata, Chennai, Jaipur and Pune.The airlines on Saturday had cancelled 57 flights across…

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China’s industry profits stumble: Profits in November fall 13.1%; biggest decline in over a year

China’s industrial firms saw their profits drop by 13.1 per cent in November, from last year, marking the steepest decline in over a year. This fall came despite strong exports, putting focus on country’s ongoing economic struggles and increasing pressure for more government support. The National Bureau of Statistics released these figures on Saturday, as…

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Silver at record highs! Futures price hits Rs 2.42 lakh/kg; driven by global supply chain hit fears and Fed rate-cut hopes

Silver prices surged over 15 per cent last week to reach Rs 2.42 lakh per kg in the nation’s futures market. This rally was driven by strong industrial demand, expected US interest rate cuts in 2026, and concerns about supply disruptions. The price surge was mirrored globally, with silver reaching an all-time high of $79.70…

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Zepto kicks off IPO process: E-commerce startup files draft papers with Sebi: Rs 11,000 crore issue planned for next year

NEW DELHI: Popular quick e-commerce firm Zepto filed its preliminary papers on Saturday with Securities Exchange Board of India (Sebi), aiming to raise Rs 11,000 crore via initial public offering (IPO).The company, founded by Stanford university dropouts, is using a confidential route for its stock market debut planned for next year, according to officials cited…

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India must allow insolvency and bankruptcy to build dynamic, risk-taking economy: PM’s Economic Advisory Council member Sanjeev Sanyal

India must allow insolvency and bankruptcy to build dynamic, risk-taking economy: PM’s Economic Advisory Council member Sanjeev Sanyal NEW DELHI: India needs to be comfortable with people and companies going bankrupt, as continuous insolvency and bankruptcy are essential for building a risk-taking and dynamic economy, said Economic Advisory Council to the Prime Minister (EAC-PM) member…

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