18 killed in Meghalaya illegal coal mine blast, investigation underway

18 killed in Meghalaya illegal coal mine blast, investigation underway


East Jaintia Hills: Smoke billows after an explosion at an illegal coal mine, in East Jaintia Hills district, Meghalaya, Thursday, Feb. 5, 2026. At least 18 workers were killed and several others are feared trapped.
| Photo Credit:
PTI

At least 18 miners were killed in a blast, and several others feared trapped in an illegal coal mining site in Meghalaya’s East Jaintia Hills district on Thursday, prompting the government to order an investigation, officials said.

Rescue teams have been engaged in search operations, Director General of Police I Nongrang said, adding that the incident occurred in the Thangsku area in the morning.

Prime Minister Narendra Modi announced that an ex-gratia of Rs 2 lakh would be provided to the next of kin of each deceased, while the injured would be given Rs 50,000.

“Pained by the mishap in East Jaintia Hills, Meghalaya. Condolences to those who lost their loved ones. May the injured recover at the earliest,” the Prime Minister’s Office (PMO) quoted Modi as saying in a post on X.

Meghalaya Chief Minister Conrad K Sangma expressed grief over the incident and announced a probe.

During rescue operations, a total of 18 bodies were recovered from the site, East Jaintia Hills Superintendent of Police Vikash Kumar said.

One person who sustained injuries in the blast was initially taken to Sutnga Primary Health Centre before being referred to a Shillong hospital for better treatment.

“The exact number of labourers present inside the mine at the time of the explosion is yet to be ascertained. More people are feared trapped,” the DGP said.

The explosion occurred at an illegal coal mine at Mynsyngat in the Thangsku area under Umpleng Police Outpost, Kumar said.

He said that information about the blast was received in the morning, following which senior officers and other staff reached the spot.

Upon verification, it was confirmed that an explosion had taken place inside the illegal coal mine and several persons were suspected to be trapped, the SP added.

Teams of the National Disaster Response Force (NDRF), State Disaster Response Force (SDRF) and a Special Rescue Team (SRT) have been deployed at the site, and rescue and recovery operations are continuing, police said.

A suo motu FIR was registered in connection with the incident at Khliehriat police station under various sections of the Bharatiya Nyaya Sanhita, the Mines and Minerals (Development and Regulation) Act, and the Explosive Substances Act, the SP added.

Meghalaya Chief Minister Conrad K Sangma also expressed condolences and ordered a comprehensive inquiry into the incident.

“Profoundly saddened by the tragic coal mine incident in East Jaintia Hills. My deepest sympathies are with the families who have lost their loved ones in this unfortunate tragedy,” Sangma said in a statement.

He said accountability would be fixed and those responsible would face strict legal action, asserting that there would be no compromise when it comes to the safety of lives.

The Meghalaya High Court also took suo motu cognisance of reports of the incident and directed authorities to take immediate action against those involved in alleged illegal mining activities, officials said.

The court directed the Deputy Commissioner and Superintendent of Police of East Jaintia Hills to identify and arrest the mine owners and operators and to seize incriminating materials linked to the illegal mining.

It also summoned the Deputy Commissioner and Superintendent of Police of East Jaintia Hills to appear in person before the court on February 9 with details of action taken in the matter.

The National Green Tribunal (NGT) had imposed a ban on rat-hole coal mining and other unscientific mining practices in Meghalaya in 2014, citing environmental damage and safety risks, while also restricting illegal transportation of coal extracted through such methods.

Rat-hole mining involves digging of narrow tunnels, usually 3-4 feet high, for workers to enter and extract coal. The horizontal tunnels are often termed “rat-holes”, as each just about fits one person.

The Supreme Court later upheld the ban and allowed mining only under scientific and regulated procedures with environmental safeguards.

Published on February 6, 2026



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Royal Challengers Bengaluru win second WPL title with Mandhana and Voll heroics

Royal Challengers Bengaluru win second WPL title with Mandhana and Voll heroics


Royal Challengers Bengaluru’s players celebrate after the team won the Women’s Premier League (WPL) 2026 final T20 cricket match against Delhi Capitals, at Baroda Cricket Association Stadium, Kotambi in Vadodara, Gujarat, Thursday, Feb. 5, 2026.
| Photo Credit:
KUNAL PATIL/PTI

Displaying absolute dominance, a Smrit Mandhana-inspired Royal Challengers Bengaluru lifted their second Women’s Premier League trophy with a six-wicket victory over Delhi Capitals, who failed to seize the moment on the biggest stage despite playing in their fourth final here on Thursday.

RCB captain Mandhana looked in imperious touch on way to a magnificent 87 off 41 balls, while Georgia Voll smashed 79 in 54 deliveries during a 165-run partnership for the second wicket with her skipper, which paved the way for a memorable title triumph.

This was after skipper Jemimah Rodrigues rose to the occasion with a scintillating half-century and Chinelle Henry blazed away to a 15-ball 35 to lift Delhi Capitals to an imposing 203 for four.

Laura Wolvaardt (44 not out off 25 balls) and Lizelle Lee (37 off 30 balls) also made quick runs after DC were put in. Rodrigues slammed 57 off 37 balls.

In reply, RCB completed the record chase with two balls remaining while joining Mumbai Indians as the most successful teams in the WPL.

In the stiff chase, RCB lost the big wicket of Grace Harris (9) early but skipper Smriti Mandhana and Georgia Voll kept them in the contest by scoring quickly and keeping pace with the required run rate.

Both Mandhana and Georgia drove anything that was pitched up with ease, pulled and cut the short balls with authority as RCB reached 100 exactly at the halfway mark. requiring 104 runs in 60 balls.

Meanwhile Mandhana, having just hit two sixes, raced to her fifty in 23 balls with a sublime boundary against Sneh Rana.

Voll was also at her best at the other end, dispatching everything that was in her arc with utter disdain.

The equation came down to 54 of 36 balls after Mandhana smashed Shree Charani for two boundaries to take RCB to 150 in 14 overs.

The two continued to dominate until Voll gave her wicket away to Minnu Mani, raising DC hopes. However, RCB held their nerves to emerge winners.

Earlier, the Royal Challengers were on the money in the first three overs with Lauren Bell and Sayali Satghare conceding just nine runs as Shafali Verma and Lee did not get enough width to free their arms.

However, the fourth over bowled by Satghare saw the Capitals release the pressure with Lee clobbering the medium pacer’s half-volley and half-tracker two successive sixes — one over long-off and another over mid-wicket.

There was then an appeal for a stumping thanks to Richa Ghosh’s enterprise and it was followed by Satghare failing to latch on to a difficult caught and bowled chance, ending an eventful over that yielded the Capitals 20 runs and gave them the much-needed momentum after the sluggish start.

With DC reaching 36 after five overs, skipper Smriti Mandhana introduced Arundhati Reddy into the attack and Shafali straightaway collected two fours. However, Reddy hit back with the wicket of Shafali with a short ball, which was smartly taken by Ghosh behind the stumps.

The classy Laura Wolvaardt began with an exquisite boundary before Lee welcomed of-spinner Shreyanka Patil into the attack with two fours and a six on the trot, lifting DC to 72 for one in seven overs.

It took compatriot Nadine de Klerk to end the dangerous Lee’s stay in the middle, as the opener skied one for Grace Harris to run in from long-on to complete a clean catch.

Rodrigues joined Wolvaardt, and the duo found the gaps at will with their stylish batting to keep RCB under pressure with a partnership of 76 runs.

In the end though, RCB had the last laugh, once again, in a rematch of the 2024 final.

Published on February 5, 2026



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Trump administration to auction Alaska oil and gas drilling rights in March

Trump administration to auction Alaska oil and gas drilling rights in March


The Trump administration has announced a sale of oil and gas drilling rights covering 5.5 million acres of Alaska’s National Petroleum Reserve, scheduled for March 9. (A file photo)
| Photo Credit:
LUCAS JACKSON

The Trump administration on Thursday
said it would hold a sale of ‍oil and gas drilling rights across
5.5 million acres ​of Alaska’s National Petroleum Reserve on
March ‌9.

WHY IT’S IMPORTANT

The sale is ​the first of at least five mandated by President
Donald Trump’s One Big Beautiful Bill Act, which he signed into
law last year. The U.S. has not offered tracts in the Alaska
reserve, which is known as ​the NPR-A, since 2019.

KEY QUOTE

“The National ⁠Petroleum Reserve in Alaska plays a vital role
in advancing America’s energy independence, and Congress has
repeatedly made clear ​their intent for timely ⁠leasing and
responsible development in the region,” Bill Groffy, acting
director of the Interior Department’s Bureau of Land Management,
said in a statement.

“Selling off our most sensitive public ‌lands will only pad
industry pockets at the expense of American communities ‍and
ecosystems,” Jenny Rowland-Shea, director of public lands at the
Center for American Progress, a liberal ‍think tank, said in a
statement.

This sale is part of the administration’s push to expand
domestic oil and gas production and reverse Biden-era
restrictions on drilling on millions of acres in the reserve.
While supporters argue it bolsters energy independence,
environmentalists warn of risks to one of ⁠America’s largest
natural ecosystems.

BY THE NUMBERS

The BLM will offer more than 600 tracts ​on about 5.5 million
acres. Currently about 1.6 ⁠million acres of the 23-million-acre
reserve are leased to oil and gas companies.

The BLM will accept sealed bids until March 5, and the
auction will be ⁠livestreamed on March 9.

Published on February 5, 2026



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Tin prices may rise a tad further on woes over Indonesian export permits, Myanmar supplies

Tin prices may rise a tad further on woes over Indonesian export permits, Myanmar supplies


Huge rolls of tinplate
| Photo Credit:
mahroch

Tin soared to a record high of $56,800 on January 26 but has given up about 15 per cent of its gains in line with the losses the metals have suffered since US President Donald Trump appointed Kevin Warsh as the next US Fed chief. 

However, prices are expected to increase a tad as problems persist with Indonesia export permits and Myanmar supplies in addition to strong demand from the semi-conductor industry.

“We have revised up our annual average tin price forecast for 2026 to $45,000/tonne from $35,000 previously as prices have set off on an unprecedented rally amid a sharp rise in speculative demand for tin with the backdrop of geopolitical tensions and a weaker US dollar,” said research agency BMI, a unit of Fitch Solutions.

Tin prices are currently ruling at $48,526 a tonne. Despite dropping over 13 per cent last week, it has increased by 19 per cent year-to-date.

Driving factors

Tim Langston, Senior Market Analyst, International Tin Association, said the metal, used in cans, soldering electronics, and in specialised chemical batteries, hit a record high on January 26  supported by dollar weakness, a resurgence of debasement trades, and frenzied activity from Chinese investors.

“For tin, a divergence between the SHFE (Shanghai Futures Exchange) and LME (London Metal Exchange) futures markets is beginning to emerge, as speculators outside China start to pare back positions,” he said. 

Trading Economics website said  catalysts for the pullback in tin after hitting a record high included the SHFE halting trading for selected managers and the rebound in the dollar. The metal had surged over 40% this year alone due to tin’s soldering usage in electronic goods and datacenters, driving investors to go long their contracts in proxy to speculative bets in AI technologies. 

BMI said, “Ultimately, while we expect prices to remain elevated, we note this rally is not sustainable, and prices are likely to face a correction anytime.”

Consumers reluctant

Langston said though tin benefits from relatively inelastic demand in the form of solder, consumers are reluctant to purchase at such elevated prices, while visible exchange stocks have doubled since the start of November. 

“China is now entering its off-season; however, the planned cancellation of tax rebates for PV products from April 1, 2026 may be front-loading some demand into Q1,” he said.

BMI said the International Tin Association announced in July 2025 that shipments from Myanmar’s Wa state will resume. But there has been no further update yet. 

“In this regard, we have adopted a wait and see approach, as news of a resumption of tin mining at the Wa state have circulated markets for months without actually materialising,” the research agency said.

Supply uncertainty

Trading Economics said physical supply remained uncertain worldwide as Indonesian President Subianto ordered the closure of 1,000 illegal tin mines in Sumatra. This has lowered the output from the world’s second largest supplier.

BMI said China’s tin smelter production remains constrained by the lack of sufficient concentrates, while the resilience in economic activity have boosted demand from the semiconductor industry amid permitting issues in Indonesia.

The ITA senior market analyst said that on the supply side, Indonesian exports have resumed following customary New Year delays to export permits. “Meanwhile, shipments of ore from Myanmar to China have begun to stabilise at around 1,300 tonnes of tin-in-concentrate per month,” he said.

Tin mining in Myanmar’s Wa province was suspended nearly three years ago and though authorities declared that mine operations could resume, the movement has been little so far. 

Myanmar is the world’s third largest tin producer, and, according to USGS data, it is estimated to have the third largest reserves in the world, at 700,000 tonnes or 15 per cent of total global reserves, after China and Indonesia (800,000 tonnes and 720,000 tonnes respectively).

Published on February 6, 2026



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LIC’s Q3 standalone net profit up 17% at ₹12,958 cr

LIC’s Q3 standalone net profit up 17% at ₹12,958 cr


In the reporting quarter, net premium income was up 17.5% y-o-y at ₹1,25,613 crore.

Life Insurance Corporation of India (LIC) reported a 17 per cent year-on-year increase in its Q3 standalone net profit at ₹12,958 crore amid robust growth in premium income and income from investments.

India’s largest life insurer had logged a net profit of ₹11,056 crore in the year-ago period.

Top LIC officials said they are not in a hurry to foray into the health insurance segment by picking up a strategic stake in a standalone health insurer.

Further, it is planning to optimise its real estate holding (market value estimated at about ₹45,000 crore) by seeking more rental income and exploring structures such as Real Estate Investment Trusts (REITs).

Premium income up

In the reporting quarter, net premium income was up 17.5 per cent at ₹1,25,613 crore. Net income from investments rose 14 per cent to ₹1,07,608 crore.

On the expenditure side, expenses of management, comprising net commission and operating expenses, went up 8 per cent to ₹15,576 crore. Benefits paid (net) rose 20 per cent to ₹1,13,283 crore. Change in actuarial liability increased about 14.6 per cent to ₹91,561 crore.

The Assets Under Management (AUM) increased to ₹59,16,680 crore as on December 31, 2025, as compared to ₹54,77,651 crore on December 31, 2024, registering an increase of 8.01 per cent year on year.

R Doraiswamy, CEO & MD, underscored the rising share of Banca and alternate channels in LIC’s overall mix of individual new business premium. “We are confident of the growth prospects of all segments of our business as we move ahead,” he said.

Dinesh Pant, MD, noted that given that the equity market gained almost 10 per cent, the corporation was able to book a good amount of profit without disturbing the intrinsic value of the particular portfolio.

“Our portfolio appreciation is, currently, more than the market appreciation seen in the last nine months,” he said.

LIC’s profit from equities was around ₹24,000 crore in Q3FY26 (₹20,000 crore).

Published on February 5, 2026



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SEBI to facilitate SWP/STP for MF units in demat

SEBI to facilitate SWP/STP for MF units in demat


Currently, this facility is available only for investors holding units directly with the respective fund houses
| Photo Credit:
Getty Images

Capital markets regulator SEBI has proposed to allow systematic withdrawal plan (SWP) and systemic transfer plan (STP) facility for investors holding mutual fund units in demat form. This facility is being planned to be rolled out in two phases based on the number of units and the value of units.

Currently, this facility is available only for investors holding units directly with the respective fund houses. Investors can send in their comments to the proposals by February 26.

In a consultation paper, SEBI on Thursday said by availing facility of SWP, client can place standing instruction with MF or its Registrar and Transfer Agent (RTA) for periodic redemption of specified number of MF units or amount.

Whereas, by availing of STP, a client can place standing instruction of transferring the exposure to one scheme of MF to another scheme of MF managed by the same AMC, by way of simultaneous redemption and subscription of MF units in another scheme.

However, SWP/STP is presently not available for MF units held in demat form. Investors holding MF units in demat form are required to place separate instructions for redemption of units through Delivery Instruction Slip for each withdrawal or transfer.

In phase one, it has been proposed to register investors’ requests through one-time registration of standing instructions with depositories/stock exchanges for execution of orders on order entry platform of stock exchanges, which shall facilitate unit-based SWP/STP transactions.

In phase two, standing instructions for SWP/STP transactions in MF Units held in demat form to be processed through RTA, which will facilitate amount-based and other variants of SWP/STP, said SEBI.

Published on February 5, 2026



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