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Pune firm cracks rare earth code; magnet gap stays

Mint Hyderabad

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November 01, 2025

China had imposed an export ban on rare earth magnets and stopped shipping metal-processing equipment in April.

- T.Surendar

Last November, Vikram Dhoot, managing director of Pune-based Ashvini Magnets, began receiving an unusual flurry of calls and emails from Chinese companies. They wanted to collaborate, transfer technology and supply materials—without any active solicitation.

Dhoot was used to an occasional inquiry every few months. The sudden attention puzzled him.

FLERE HISTORIER FRA Mint Hyderabad

Mint Hyderabad

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One Benicio Del Toro star turn after another

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Benetton ex-CEO Sridharan to join as Puma India head

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Return of the small car to even draw rivals: Maruti’s Bhargava

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time to read

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Stride raises $300-mn India, UK, GCC funds

Stride Ventures launched three funds across India, Gulf Cooperation Council and the UK, raising $300 million in the past six months to be deployed in respective territories, top executives at the venture debt platform said.

time to read

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Vedanta profit falls 59% on one-off hit

Anil Agarwal’s metals and mining company Vedanta Ltd reported a sharp decline in profits during the September quarter despite favourable business conditions as it took a onetime write-off in its power business.

time to read

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Mint Hyderabad

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Tata, Reliance, Adani outspend Big Tech on digital factories

In a striking inversion of global trends, Indian’s largest businesses are poised to out-invest Silicon Valley's giants in the country’s data centre build-out.

time to read

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Japanese automakers seek new ignition in innovation, India

Japanese carmakers are pinning hopes on technology and new launches to counter Chinese rivals' expanding footprint, shortages of rare-earth magnets and chips, as well as US tariffs-with India keeping their growth engines humming.

time to read

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Lose the pepper shaker, grind it fresh

What does one write about a spice that sits quietly beside salt on every dining table?

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How the Mughals built their empire on conquest and contracts

This timely book reminds us that the fate of nations has always been written as much in account books as in battles

time to read

5 mins

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