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28.11 / 11:11
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ONGC makes four oil discoveries in Ashokenagar, awaits mining lease from Bengal govt
Oil and Natural Gas Corporation (ONGC) has made four more discoveries since it first made an oil field near Asokenagar in West Bengal six years back but is still awaiting the state government's nod for a petroleum mining lease to develop them, Oil Minister Hardeep Singh Puri said on Thursday. ONGC notified the first Asokenagar discovery in Block WB-ONN-2005/4 on September 24, 2018, Puri said in a written reply to a question in Lok Sabha. The discovery, he said was the outcome of continuous exploration efforts of ONGC in the Bengal sedimentary basin over five decades. As per initial laboratory studies, crude oil, which is refined into fuels like petrol and diesel, discovered in the Ashokenagar discovery is a light variety with American Petroleum Institute (API) gravity of 40-41 degrees and is almost similar to Bombay High and Brent Crude.
28.11 / 10:31
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Mahindra BE 6e vs Tata Curvv EV: The battle of coupe SUVs - price and features Comparison
Mahindra and Mahindra launched two new electric SUVs, the BE 6e and XEV 9e, in India. The XEV 9e will compete with the Tata Curvv EV, which too comes in coupe SUV design. The XEV 9e's starting price is Rs 21.9 lakh (ex-showroom, introductory) for the base Pack One trim with a 59kWh battery. Deliveries begin in February 2025. Tata's Curvv EV offers two battery options (45kWh and 55kWh) across five variants, with prices ranging from Rs 17.49 lakh to Rs 22 lakh (ex-showroom). The XEV 9e measures 4,790mm long, 1,905mm wide, and 1,690mm tall, with a 2,775mm wheelbase and 207mm ground clearance. It offers 665 liters of boot space and 150 liters of frunk space. The Curvv EV is smaller, measuring 4,310mm long, 1,810mm wide, and 1,637mm tall, with a 2,560mm wheelbase and 190mm ground clearance. It has 500 liters of boot space.
28.11 / 10:31
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Over 24 lakh candidates provisionally shortlisted during job fairs: Jitendra Singh
job fairs organised during the last five years, Union Minister of State for Personnel Jitendra Singh said on Thursday. In a written reply to the Rajya Sabha, Singh said 34,809 job fairs were conducted by state employment exchanges/model career centres during the last five years (2019-20 to 2023-24) as per information available with the Ministry of Labour & Employment.
28.11 / 06:59
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These five aluminium stocks are set to benefit from Russian giant’s production cuts
Subscribe to enjoy similar stories. Russian aluminium giant Rusal recently shook the global market with its plan to slash output by more than 6%, citing skyrocketing alumina prices and weakening domestic demand. The decision comes amid a surge in alumina prices, which have more than doubled to about $700 a tonne owing to supply disruptions in Guinea, Brazil and Australia.
28.11 / 01:05
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‘Incredible snow totals’: Squalls to hit parts of Ontario, up to 80 cm possible
Ontario are set to see “incredible snow totals” over the next few days due to a shift in temperatures over the Great Lakes.Water temperatures across the lakes has been at record mild levels given the calm fall so far, Global News meteorologist Anthony Farnell said.However, a looming change in temperature between the lake and the air will create “ideal conditions” for lake effect snow, he added.“Areas downwind of all five Great Lakes will see some incredible snow totals this upcoming weekend and travel will be difficult at best,” Farnell said.“The Lake Huron and Georgian Bay snow squalls will quickly intensify early Friday morning and continue right into early next week.”Farnell added because water temperatures are still so mild, areas right near those will see a heavier, wet snow that will limit amounts at least initially. As the wind shifts slightly, the snow squalls will also shift, bringing the heaviest snow amounts to different communities depending on the day.In the most intense squalls, snow rates could reach as high as 8 cm per hour with thunder and lightning, he said.“By Monday, snow totals could reach as high as 80 cm under the more persistent snow squalls.
28.11 / 00:35
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IIT graduates flock to edtech: A new career frontier with high salaries
Subscribe to enjoy similar stories. India’s edtech sector has hired several thousand graduates from the famed Indian Institutes of Technology (IITs)—both from campus and laterally—as teachers over the past five years. Notably, the salaries on offer are handsomely higher than what industry offers.
27.11 / 21:33
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Agribusiness-friendly states in Brazil try to undo forest protections
Several states in Brazil are trying to rid themselves of rainforest protections, bowing to pressures from cattle ranchers and soybean growers to cut forest and expand agriculture as much as possible
27.11 / 19:09
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M&M targets 'lifestyle buyers' for EV growth
electric vehicles and not just those planning to adopt eco-friendly modes of personal transportation, a senior company executive said. The Mumbai-based automaker on Tuesday made its first full-fledged foray into India's nascent EV market with the introduction of two pure electric models. These are the first two «born electric» models based on the company's latest INGLO vehicle architecture. M&M plans to launch three to five more models based on the same vehicle architecture over the next few years. «We're not targeting EV buyers, but lifestyle buyers. If we target EV buyers, we won't get anywhere. Our target is to convert ICE (internal combustion engine) to lifestyle EVs,» Rajesh Jejurikar, executive director, auto and farm equipment sector, Mahindra & Mahindra, told ET. He said the first thing M&M would want a potential customer to have is the desire to drive its EVs.
27.11 / 17:05
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Nitin Gadkari vows to make India the No 1 automobile industry in 5 years
Nitin Gadkari stated. The Indian automobile industry's market size is approximately Rs22 lakh crore. China leads with Rs47 lakh crore, followed by the US at Rs78 lakh crore. Speaking at the 'Times Green Drive Conclave and Awards 2024,' the minister highlighted India's potential and growth. India is currently the fastest-growing major economy in the world.
27.11 / 17:05
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Govt collected over Rs 36 lakh crore from people through petroleum products in 5 years: Congress
Congress accused the Centre on Wednesday of collecting more than Rs 36 lakh crore from people's pockets through petroleum products in the last five years. Congress president Mallikarjun Kharge alleged that instead of increasing funds for welfare schemes, the Narendra Modi government has continuously reduced allocation by «manipulating data and tampering with facts». «By imposing excessive taxes, duties and cess on petrol and diesel, the Modi government has looted lakhs and crores of rupees from the common people. According to the answer to a question asked in Parliament, the government has collected more than Rs 36 lakh crore from people's pockets in the last 5 years,» Kharge said in a post on X. «This government is an expert in closing down old schemes, sometimes changing the names of Congress schemes and calling them new and sometimes trying to garner accolades by changing the names of its own schemes repeatedly.
27.11 / 07:03
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Niva Bupa to benefit from premium hike, lower expense ratio
Subscribe to enjoy similar stories. Niva Bupa Health Insurance Co. Ltd’s first earnings post listing show its performance is significantly better than that of the Indian health insurance industry in the first half of FY25 (H1FY25).
27.11 / 04:39
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Thanksgiving and Black Friday: Divergent signals for Indian stock market?
Thanksgiving and Black Friday, widely regarded as indicators of consumer sentiment and economic vitality, the BSE Sensex — India's benchmark stock index — reflects a mixed reaction to these events over the years. While Thanksgiving Day has shown a tendency to uplift Indian equities, Black Friday often tells a different story, marked by heightened volatility and caution.
27.11 / 04:39
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Adani corruption charges: Senior advocate Mahesh Jethmalani targets Congress while defending Gautam Adani
Mahesh Jethmalani on Wednesday said that the US indictment against Gautam Adani only has claims and has not been proven. He also attacked the Congress party, asking it to produce evidence before holding press conferences to launch attacks against Adani.
27.11 / 04:29
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Shoplifting ring stole $2M in cosmetics and clothes then resold them abroad, prosecutors say
Law enforcement officials say they have broken up a shoplifting ring that stole nearly $2 million in merchandise from well-known stores and resold the items in New York City as well as in the Dominican Republic
27.11 / 00:05
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LIC, mutual funds opposed Punit Goenka as Zee MD
Subscribe to enjoy similar stories. Officials of Life Insurance Corp. of India (LIC) informed executives of Zee Entertainment Enterprises Ltd at a shareholder outreach programme that they would not back another five-year term for Punit Goenka as managing director, three people aware of the matter said.
26.11 / 18:13
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Job opportunities & employability: Shaping India's future workforce
India is poised to address domestic and global labour demands. Improving Employment Metrics The Periodic Labour Force Survey reveals positive trends in India's employment scenario. From 2017-18 to 2023-24, the national unemployment rate dropped from 6% to 3.2%, while the Worker Population Ratio (WPR) surged from 46.8% to 58.2%. The workforce engaged in economic activity grew to an estimated 643.3 million in 2023-24, up from 471.5 million in 2014-15, with women's WPR doubling to 40.3% and youth WPR rising to 41.7%.
26.11 / 16:01
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World's richest man's big custody battle: Elon Musk's ex-partner Claire Grimes Boucher says she hasn't seen one of her kids for 5 months
Elon Musk, Grimes claims she didn't see one of her children for five months. Sons X Æ A-Xii, 4, and Techno Mechanicus, 2, as well as daughter Exa Dark Siderael, 3, are the children of the former couple, as quoted in a report by the Los Angeles Times. About the last few months of her life, Grimes is talking candidly. In a post on X, the singer, whose real name is Claire Boucher, provided an update on the release of her next song on Wednesday, November 20. She also discussed the custody dispute she and Elon Musk, 53, have been having over their three children: daughter Exa Dark Sideræl, 3, and sons X Æ A-Xii, 4, and Techno Mechanicus, 2.
26.11 / 14:07
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U.S. airlines collected more than $12 billion from seat fees
Subscribe to enjoy similar stories. Fees to select seats or to sit in rows with a few extra inches of legroom have become big business for airlines, according to a Senate subcommittee report released Tuesday. Five U.S.
26.11 / 03:53
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How teenager Shashi Ruia rejected study abroad offer, built an empire across 35 nations over five decades
Essar Group, Shashi Ruia, passed away at the age of 81, leaving behind a legacy of transformative leadership and innovation. The Ruia family, in a statement, said, “It is with profound grief that we inform of the passing of Shri Shashikant Ruia, Patriarch of the Ruia and Essar Family. He was 81.” Shashi Ruia was known for his humility and philanthropy. The family added, “His humility, warmth, and ability to connect with everyone he met made him a truly exceptional leader. Shri Shashikant Ruia’s extraordinary legacy will remain a guiding light for all of us.” «With an unwavering commitment to community upliftment and philanthropy, he touched millions of lives leaving an enduring impact,» said Ravi Ruia, Shashi's brother with whom he founded Essar Group, and family members.
25.11 / 15:17
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Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeup
Thyssenkrupp Steel Europe (TKSE) plans to reduce its workforce by 11,000 people or roughly 40%, the company said on Monday, the latest major restructuring to be announced by a German industrial giant. Germany's largest steelmaker, a division of Thyssenkrupp AG, is under pressure from cheaper Asian competitors, high power prices and a weakening global economy, leading to operating losses in four of the past five years. Thyssenkrupp will cut 5,000 jobs by 2030 and an additional 6,000 jobs through the sale of business activities or transfer to external service providers, it said.
25.11 / 10:39
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Rupee posts best day in over five months boosted by inflows, softer dollar
equity indexes, alongside softness in the dollar and lower U.S. bond yields. The rupee closed at 84.2875 against the U.S. dollar, up 0.2% from its previous close, its biggest single-day gain since June 3.
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