BLOCK Financial News

ONGC's newly explored crude oil from KG basin deep-sea block was received at Mangalore Refinery and Petrochemicals Ltd (MRPL) on Saturday, the refinery said in a statement. The new crude oil from Krishna Godavari basin block KG-DWN-98/2 was brought to Mangalore by a ship named Swarna Sindhu, which was flagged off by Prime Minister Narendra Modi on March 2. «This sweet (low sulphur) indigenous crude is poised to be transformed into various fuels and petrochemicals at MRPL, Mangalore, contributing impactfully to the Athmanirbhar Bharath mission of the Government of India,» it said. Oil and Natural Gas Corporation's (ONGC) KG block KG-DWN-98/2, which started oil production in January, lies in Andhra offshore.

By Daniel Wiessner

By Stephen Nellis and Akash Sriram

The country's data protection watchdog, AEPD, has effectively banned Worldcoin for up to three months in a move that the organisation says is "circumventing EU law".Launched last year, Worldcoin distributes tokens to people "just for being a unique individual".

Delhi Police have suspended a sub-inspector for assaulting people offering Namaz on a road in north Delhi's Inderlok area. The incident, captured on video, shows the sub-inspector kicking and hitting individuals who were praying on the roadside during the 'Asar ki Namaz.' The video went viral, sparking outrage among locals who blocked the road and demanded action. The suspended sub-inspector was the police post in-charge seen in the video. Deputy Commissioner of Police (North) M K Meena stated, «In the incident which happened today, the police post in-charge who was seen in the video has been suspended with immediate effect. Necessary disciplinary action is also being taken.»

Powell said that the Fed were not close to implementing a digital dollar, as it has no interest in a system that would require user data, saying that the US government would not back a service where the government would be able to see and monitor citizens’ transactions.

Rahul Sharma, Director & Head — Technical & Derivatives Research, JM Financial Services, says “the bull market is very much on. Individual stocks may witness correction because there was definitely a lot of euphoria and over-optimism, especially in smallcaps. So, there we are seeing pullbacks happening. But once the largecaps are done with, the second leg of the rally could very well spill over to the mid and smallcaps which is where we might see another rally happening, possibly in April and ahead.”

Discount grocer Aldi plans to add 800 stores across the U.S. in a five-year expansion plan as it looks to capitalize on cost-conscious Americans feeling the pinch at grocery stores

The shares were disposed of at an average price of Rs 1,912.04 apiece, taking the deal size to Rs 1,778.19 crore.

Mint. The sale, estimated to be worth ₹3,730 crore ($450 million), will see the offer floor price set at ₹2,925 per share, a 5.8% discount to the last closing price of ₹3,105.7 apiece on the NSE.

Twenty-five Republican-led states have joined lawsuits challenging a new Biden administration rule that sets tougher standards for deadly soot pollution

European Union regulators want to question Apple over accusations that it blocked video game company Epic Games from setting up its own app store

Apple is opening small cracks in the iPhone’s digital fortress as part of a regulatory clampdown in Europe that’s striving to give consumers more choices

Ottawa Police Service says the homicide unit has been called in after multiple people were found dead inside a home in the west-end Ottawa suburb of Barrhaven on Wednesday night.Police said they were called to an address on Berrigan Drive at around 11 p.m.Six people were found dead — four children and two adults, police said.Their identities have not yet been released.Police said one person was taken into custody and that there is no threat to public safety.“This is a tragic and complex investigation, and investigative teams remain on Berrigan Drive,” police said.Investigators said more information will be made available later in the day.Anyone with information is asked to contact Ottawa police or Crime Stoppers anonymously.OPS is on the scene of a homicide, in the 300 block of Berrigan Dr., with multiple victims confirmed deceased. One additional person has been taken to an Ottawa area hospital with serious but non life threatening injuries.

Anil Agarwal took to social media site X (formerly known as Twitter), to express that he is optimistic about India's growing electric vehicles segment enabling job creation in the country. In a post on March 7, the industrialist noted that EVs use up to six times more minerals compared to conventional vehicles and if played out correctly, the need for these resources could drive up jobs in the local mining sector. He further added that a "explore, mine and make in India" mantra by startups and small and medium enterprises (SMEs) will be an important factor in tapping the "massive potential" for job creation in the country.

A federal judge has banned a Florida gun retailer from selling certain gun parts in New York that officials say can be used to assemble untraceable ghost guns and sold without background checks

Chicago voters will get the chance this month to decide on a ballot measure that would levy a one-time tax hike on luxury properties to pay for services for homeless people, according to a panel of Illinois appeals court judges

demand a law to fix a Minimum Support Price (MSP) for their crops, in addition to other concessions including the waiving of loan. However, farmers suspended their march after violence and clashes between farmers and Delhi police were reported at borders on February 24. Farmers then planned to resume their protest on Wednesday, March 6, urging farmers across India to head for Delhi by bus and train since their tractors had been blocked.

PMSL) has initiated a secondary sale of shares in the company as the “family is looking for liquidity for specific needs”, the automobile manufacturer said in a filing with the stock exchanges on Wednesday. The company made the filing as a clarification to a news item on the sale of shares by its promoters. “Post transmission of shares of PMSL held by the former chairman of M&M, late Mr Keshub Mahindra (who passed away on 12th April 2023), to his family members, the family is looking for liquidity for specific needs, and hence proposes to sell a small number of shares held by PMSL in M&M,” the filing said. “The family shall continue to retain the status of the promoter group of M&M and there is no intention to sell further shares in the foreseeable future.”

MUMBAI : Mumbai: Prudential Management and Services Pvt Ltd, a subsidiary of Mahindra & Mahindra's promoter group, has initiated a sale of up to 9.3 million shares, representing 0.75% of the company's stake, through block trades, according to term sheet, reviewed by Mint. According to the company's term sheet, the transaction is valued at ₹1777.7 crore ($215 million), and the shares are being offered at a price range of ₹1,911.5 to ₹1,970.65, apiece. Kotak Securities is overseeing the sale process.

Waris Punjab De' chief Amritpal Singh were admitted to hospital due to health issues. Kulwant Singh Dhaliwal was admitted to hospital due to health issues caused by epilepsy. Another associate Gurmeet Singh was also admitted to the hospital for undisclosed health issues. A senior police officer who does not want to be named said Dhaliwal was admitted to the Assam Medical College and Hospital (AMCH) in Dibrugarh on Tuesday due to complexities arising out of epilepsy. He is undergoing treatment and his health is stable now.”