(MarketsMojo) GAIL (India), a prominent player in the gas industry, has recently undergone an evaluation revision reflecting shifts in its technical indicators. The company’s current price stands at 191.60, slightly above the previous close of 189.80. Over the past year, GAIL has experienced a decline of 6.24%, contrasting with a 10.02% increase in the Sensex, highlighting a challenging performance relative to the broader market. In terms of technical metrics, the weekly MACD indicates a mildly bullish trend, while the monthly perspective shows a mildly bearish stance. The Relative Strength Index (RSI) remains neutral for both weekly and monthly evaluations. Bollinger…
Author: Aruna Sharma
(The Hindu) Emphasising the need for youth to equip themselves with the requisite skills, Chief Minister Siddaramaiah has said that it will be difficult to get jobs if one fails to acquire the necessary skills. He was addressing a gathering after inaugurating the G-NTTF located on the premises of Gadag Cooperative Industrial Estate on Tuesday. Mentioning that the State government has set up a department to look into the issue of skill development, the Chief Minister said that it has been done with the sole objective of facilitating skill development among the youth. Mr. Siddaramaiah said that under the Yuva…
(India Today NE) The Oil and Natural Gas Corporation Limited (ONGC) is losing money in Assam because of low production and high employee headcount, the company claimed. It countered allegations of protesting employees over stoppage of contentious overtime payment. In a statement, the ONGC emphasised that it is hiring locally and is investing heavily in the local community in Assam. Reacting to a a sit-in by members of the ONGC Purbanchal Employees’ Association (OPEA) at the Assam Asset in Nazira, the company said the demonstration, while peaceful, has been primarily initiated as a protest against discontinuation of a particular overtime…
(The Week) The Punjab government is now mulling to introduce a skill development programme, aimed at facilitating reintegration of rehabilitated individuals into mainstream society as a significant influx of people are seeking treatment at drug de-addiction centres, officials said on Wednesday. In a meeting chaired by Employment Generation, Skill Development and Training Minister Aman Arora, along with Health Minister Dr. Balbir Singh, it was decided to equip rehabilitated individuals with skills for mainstream reintegration, according to an official release. Arora directed officials to set up a project management unit (PMU) to oversee the skill development programme for rehabilitated individuals, ensuring…
(Manufacturing Today) Engineers India (EIL) has invited bids for the HPRT-Electric Generator package for the Bina Petchem & Refinery Expansion Project (BPREP) in Madhya Pradesh. BPCL is expanding the Bina Refinery and establishing a world-scale ethylene cracker and downstream operations at Bina as part of its petrochemical diversification. For its next project, BPCL has selected Engineers India as its EPCM consultant. Design, engineering, manufacture, testing, commissioning, and supply of all associated tools and systems are all included in the scope. The project is anticipated to be finished in 14 months, and bids must be submitted by June 19, 2025.
(CW) Chennai Petroleum Corporation Ltd (CPCL) has officially requested government approval for its Rs 364 billion Cauvery Basin Refinery Project in Tamil Nadu, the company announced on Tuesday. CPCL Managing Director H Shankar stated that the company has acquired approximately 1,300 acres of land in Nagapattinam for the proposed refinery, which is designed to process 9 million metric tonnes per annum (MMTPA) Indian Oil Corporation, CPCL’s parent company, had in March 2024 approved a revised project cost, increasing it from Rs 293.61 billion to Rs 330.23 billion, reflecting updated estimates for construction and infrastructure. The refinery is expected to significantly…
(India Expo) The Indian government introduced the PM Ujjwala Yojana. The PM Ujjwala Yojana List 2025 is now available online for all applicants in which you can find your name and application status. The beneficiary list is accessible in a state-by-state format on the official website. The central government of India would provide LPG gas cylinders to the chosen applicants who have registered under the Pradhan Mantri Ujjwala Yojana 2.0 Apply Online 2025. This scheme is very important for every poor household in India who still relied on Coal & Wood for cooking. If you have registered for this program then you need…
The recent reduction in prices of domestic gas is likely to improve profitability of the country’s city gas distribution companies, analysts believe. “If prices (of CNG/PNG) are not revised then profitability will only improve because lately it has been impacted owing to reducing proportion of the APM (Administered Pricing Mechanism) gas,” said Prashant Vasisht, Senior Vice President and Co-Group Head, Icra. The government reduced the prices of APM gas for the first time in two years following a decline in the benchmark rates after it introduced a new gas pricing formula for such gas in 2023. As per the official notification, the…
(PIB) On the occasion of World Environment Day, Prime Minister Shri Narendra Modi will lead a special tree plantation initiative at Bhagwan Mahavir Vanasthali Park, New Delhi, on June 5, 2025, at 10:15 AM, reaffirming India’s commitment to environmental stewardship and green mobility. Prime Minister will plant a Banyan sapling under the Ek Ped Maa Ke Naam initiative. This will be part of the ‘Aravalli Green Wall project’ which aims to reforest the 700-km Aravalli range. The project is a major initiative to spread green cover in the 5 km buffer area around the Aravalli Hill Range in 29 districts…
(HT) Global economic growth is slowing more than expected only a few months ago as the fallout from the Trump administration’s trade war takes a bigger toll on the US economy, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday, revising down its outlook. The global economy is on course to slow from 3.3% last year to 2.9% in 2025 and 2026, the OECD said, trimming its estimates from March for growth of 3.1% this year and 3.0% next year. But the growth outlook would likely be even weaker if protectionism increases, further fuelling inflation, disrupting supply chains…