Gold
TotalEnergies sells $860M Nigerian oil and gas stake to Chappal Energies
Macrotech acquires 7 land parcels for Rs 166 billion housing projects
Macrotech Developers, the Mumbai-based real estate firm behind the Lodha brand, has acquired seven land parcels across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru to develop housing projects with an estimated revenue potential of Rs 166 billion. The company has secured these parcels through a mix of outright purchases and joint development agreements with landowners. In a recent operational update, Macrotech revealed the addition of four projects in Pune and Bengaluru with a combined Gross Development Value (GDV) of Rs 55 billion. In the first half of FY25, the company has alre..
India inks $4 billion deal for 31 predator drones from General Atomics
India has signed a $4 billion agreement with the United States to procure 31 Predator MQ-9B drones from American defense manufacturer General Atomics under the foreign military sales program. This acquisition aims to bolster the combat and surveillance capabilities of the Indian military, particularly along the nation’s contested borders with China. The signing ceremony, held in New Delhi, was attended by senior Indian defence and strategic officials, marking a significant milestone in Indo-US military cooperation. In addition to the purchase, the Defence Ministry and General Atomics Globa..
Gujarat auctions 25 major and 2,280 minor mineral blocks
The Gujarat government has successfully auctioned 25 major mineral blocks and 2,280 minor mineral blocks, issuing Letters of Intent (LoIs) to eligible leaseholders during a ceremony marking ‘Entrepreneurship Day’. Chief Minister Bhupendra Patel personally handed over the LoIs, acknowledging the vital role of entrepreneurs in the state’s development, according to an official release. As part of the ‘Vikas Saptah’ initiative, Gujarat auctioned 25 major blocks and issued intent letters to 20 leaseholders. Additionally, 2,280 minor mineral blocks were auctioned to foster economic activ..
