Mumbai, May 15 (IANS) The Shiv Sena Uddhav Balasaheb Thackeray (UBT) on Friday criticised the BJP-led government at the Centre for its handling of the current economic and fuel crisis while labelling the administration the “Gharkombda Bhushan” (Stay-at-Home) government.The Thackeray camp, in a scathing editorial in the party’s mouthpiece, ‘Saamana’, claimed that the self-serving policies have bankrupted state-run cooperative oil and gas giants like ONGC. While these essential companies struggle,…
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New Delhi, May 12 (IANS) The PM Internship Scheme is emerging as a powerful catalyst for workforce development by giving industry wide flexibility to design roles and directly train final‑year graduates and postgraduates, senior officials said on Tuesday. Speaking at a session on PM Internship Scheme during the CII Annual Business Summit, Deepti Gaur Mukerjee, Secretary, Ministry of Corporate Affairs, said the scheme was conceptualised to bridge the gap between industry demand and the skilling…
Mumbai, May 6 (IANS) Indian equity markets traded higher on Wednesday in early deals, with benchmarks jumping almost 1 per cent each on global cues, amid hopes of de-escalation in the West Asia conflict.Sensex rose 0.85 per cent or 657 points to hit an intraday high of 77,675 in morning trade, while Nifty was trading at 24,250, up 0.90 per cent or 217 points from the previous close.Among sectoral indices, Nifty PSU Bank, Nifty Private Bank, Nifty Auto, Nifty Metal, and Nifty IT advanced up to ne…
New Delhi, April 22 (IANS) State-run Oil and Natural Gas Corporation (ONGC) on Wednesday clarified that its decision to cancel a recent tender for hiring jack-up rigs was based on concerns over pricing anomalies and potential collusive bidding.The clarification comes in response to a media report suggesting the cancellation of the tender.The PSU firm said that it follows established public procurement principles, with a strong focus on transparency, fairness and promoting healthy competition.It …
Mumbai, April 10 (IANS) India must rethink its energy security strategy and reduce its dependence on traditional supply assumptions, especially its proximity to the Middle East, amid rising geopolitical uncertainties, ONGC Chairman and CEO Arun Kumar Singh said on Friday.Speaking at an energy security conclave organised by the Petroleum and Natural Gas Regulatory Board, the ONGC chief warned that the recent West Asia conflict, which triggered one of the biggest energy shocks in decades, has expo…
New Delhi, April 4 (IANS) Ten personnel sustained minor injuries after a fire broke out on the SHP Platform of Oil and Natural Gas Corporation Limited (ONGC) at its Mumbai High Asset on Friday. The incident was reported at approximately 17:45 hours, according to a company statement.ONGC confirmed that the fire was promptly brought under control and extinguished by its emergency response teams.All injured personnel are currently under medical care and reported to be in stable condition.The compan…
New Delhi, March 20 (IANS) The Northeastern states have always been on the radar of external elements. This explains why insurgency lasted so long in the region. And now, some militant groups are trying to launch drone strikes targeting critical infrastructure in the region. The Prime Minister Narendra Modi government since 2014 has laid plenty of emphasis on the northeastern states and showered it with infrastructure development and inclusion.While a large part of the Northeast has embraced the…
New Delhi, March 9 (IANS) A sustained rise in crude oil prices due to the US-Iran war will benefit upstream oil exploration companies, energy infrastructure companies and select refineries while pressuring oil‑sensitive sectors such as aviation, paints, tyres, chemicals and logistics, a report said on Monday.Apart from these sectors, the report from Axis Securities recommended overweight positions also in defence and infrastructure, adding that stocks in less oil-sensitive sectors such as bank…
New Delhi, March 1 (IANS) Brent crude could climb above $90 per barrel with Strait of Hormuz disruption or exceed $100 per barrel in a broader regional conflict, a report said on Sunday.The report from JM Financial Institutional Securities said the crude has already climbed to about $72.8 per barrel and limited retaliation could add $5–10 per barrel, while direct damage to Iranian oil infrastructure could add $10–12 per barrel.Every $1 rise in crude increases India’s annual import bill by …
New Delhi, Feb 26 (IANS) The Oil and Natural Gas Corporation (ONGC) on Thursday inaugurated the 7th ONGC Para Games 2026 at the Thyagaraj Stadium in New Delhi, with nearly 300 Divyang athletes from eight oil and gas public sector undertakings (PSUs) participating in the four-day sporting event.Organised by ONGC, the inter-PSU tournament has brought together employee-athletes from ONGC, Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corpora…