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Business Jharkhand Headlines
• Gautam Adani Regains Top Spot on India’s Rich List Gautam Adani and his family have regained the top position in the 2026 M3M Hurun India Rich List, surpassing Mukesh Ambani. Adani’s wealth rose 13% to Rs.9.23 lakh crore, while Ambani’s fell 10% to Rs.8.63 lakh crore. The number of Indians with wealth above Rs.1,000 crore also increased to 1,810, with their combined wealth rising 12.8%.
• Rakesh Mohan Warned of Falling Mining Jobs in Jharkhand Prime Minister’s Economic Advisory Council member Rakesh Mohan said coal production and mining jobs could decline in Jharkhand and other mining states over the next 20-25 years due to climate change and automation. He urged Jharkhand to prepare a roadmap for shifting workers to other sectors. He also stressed rural development, labour intensive industries and manufacturing to create future employment opportunities.
• Jharkhand Govt. to Hold Special Assembly Session Over Mineral Cess The Jharkhand Government will hold a two day special Assembly session on 5th and 6th October to oppose the MMDR amendment ending states’ power to impose mineral cess. The Government plans to pass a resolution seeking withdrawal of the provision and send it to the Centre. Jharkhand is also preparing to challenge the mineral legislation in the Supreme Court.
• HEC Started Process to Appoint Internal Auditor HEC has started the process of appointing an independent internal auditor to strengthen financial monitoring. Proposals have been invited from chartered accountant or cost accountant firms. The auditor will review financial transactions, purchases, payments, stores, contracts and departmental expenses. The move follows concerns over internal audit practices and aims to identify financial risks and strengthen transparency and internal controls.
• Steel Prices Rise to Four Year High on Strong Demand Domestic steel prices have reached a four-year high due to expensive coking coal and stronger post-monsoon demand. According to BigMint data, hot-rolled coil and cold-rolled coil are trading at Rs. 64,000 and Rs. 75,000 per tonne, respectively. Since 1st August, their prices have risen by Rs. 6,000 and Rs. 8,500 per tonne, with further increases expected.
• Adani Power Godda Won GreenTech CSR India Award 2026 Adani Power Limited, Godda, has received the GreenTech CSR India Award 2026 for its work in education promotion. The company was recognised for initiatives including strengthening nine Kasturba Gandhi Balika Vidyalayas with smart classrooms, RO systems, improved facilities and infrastructure. Its Project Udaan also supports education and career guidance. The award ceremony was held in Jodhpur on 11th September 2026.
• Bank Strike to Disrupt Branch Services for Five Days Banks are set for a three day nationwide strike from 28th to 30th September after talks between bank unions, the Central Labour Commissioner and the Department of Financial Services failed. With 26th and 27th September being the fourth Saturday and Sunday, branch services could remain affected for five days. Cash transactions, cheque clearing and other counter services may be disrupted, while digital banking is expected to continue.
• Jharkhand Contributes 3.6% of India’s Mineral Production A NITI Aayog report on India’s non-coal mineral sector said Jharkhand contributes 3.6% of the country’s total mineral production, led by bauxite, iron ore, copper and graphite. Odisha accounts for the largest share at 38.4%. The report highlighted delays in environmental clearances, land acquisition and starting auctioned blocks, and suggested faster approvals and improved auction processes.
• India’s First Mineral Exchange May Start Operations Next Financial Year India’s first mineral exchange is expected to be registered and become operational by the next financial year. Mines Ministry Additional Secretary Veena Kumari Dermal said the registration process is currently underway. She shared the update while addressing the 60th annual general meeting of the Federation of Indian Mineral Industries, signalling a new platform for the country’s mineral sector.
• Jharkhand Govt. Plans Supreme Court Challenge to Mineral Bill The Jharkhand Government plans to challenge the Centre’s mineral amendment bill in the Supreme Court. The Mines Department has sent the file to Chief Minister for final approval after obtaining legal opinion. The government argues the amendment could deny Jharkhand around Rs.14000 crore in revenue, affecting development projects and undermining its mineral cess collection rights.
• Tata Sons Chairman’s Third Term Proposal May Face Legal Challenge Tata Trusts is considering legal options over Tata Sons’ proposal to give chairman N. Chandrasekaran a third five-year term after February 2027. The board approved the proposal 4-1, with Noel Tata opposing it and Venu Srinivasan supporting it. Tata Trusts argues that both trust nominated directors’ consent was required under the company’s Articles of Association for the proposal.
• CITU Plans Workers’ Gathering in Delhi Against Labour Codes CITU has decided to mobilise workers for a major gathering in Delhi from 1st to 3rd December 2026 to oppose the four labour codes. Speaking at the union’s Jharkhand state committee meeting, national vice president Tapan Sen said workers would organise against concerns over working hours, privatisation, contract labour and rising prices. Representatives from coal, steel, power, construction and other sectors attended.
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