Author: News Desk

Since the second half of 2022, the price of imported LNG has dropped by 80%, from a peak of around USD55 per mmBtu (Metric Million British Thermal Unit) in August of last year to about USD12 per mmBtu right now. Yet the issue circulating in India’s energy community is: Would the Government distribute the advantages to customers who are already suffering from skyrocketing gasoline prices? In the previous two years, the Government has increased natural gas prices by more than 400%, which has increased the price of energy, transportation, food, and cooking. The Oil & Gas Industries have been laughing…

In order to reverse years of declining oil and gas output, the state-owned Oil and Natural Gas Company (ONGC) is ramping up a USD 7 billion investment over the next three to four years, according to Pankaj Kumar, the company’s director for production. Currently underway are up to 24 field developments, improved oil recovery (IOR), and enhanced oil recovery (EOR) projects that will aid further reversal of the trend of diminishing oil and gas output. ONGC is spending more than USD 5 billion to develop the Cluster-II area of its prized KG-DWN-98/2 asset in the Krishna Godavari basin off the…

Johnson & Johnson, a major US pharmaceutical company, put out a $8.9 billion settlement offer on Tuesday to end long-running litigation alleging that the company’s talcum powder products contributed to cancer. The proposed settlement, which still needs court approval, “would equitably and effectively address all claims stemming from cosmetic talc litigation,” according to the New Jersey-based corporation. According to the business, the new sum is supported by more than 60,000 parties who have filed claims alleging injury from J&J talcum powder. In the lawsuits brought against J&J, it was claimed that using talcum powder for feminine hygiene led to the…

PhonePe, a key player in payments, is entering the e-commerce space with a distinct app called “Pincode” that will operate over the ONDC (open network for digital commerce) network. PhonePe is now finalising a $1 billion fundraising round from Walmart, General Atlantic, and others. On Tuesday, the business introduced Pincode, a hyperlocal ecommerce network that facilitates online transactions between nearby residents and nearby brick-and-mortar retailers. As it grows, it will use the same model throughout all cities, which means intercity deliveries won’t be made. Currently, Pincode operates in six sectors, including Electronics, Groceries, Food, Pharmacy, Home Furnishings and Fashion. The…

Mahindra & Mahindra has revealed that they have sold 35,976 automobiles in March 2023, a 31 percent increase over the previous month. With 3,56,961 units sold, an increase of 60%, the Indian brand has reached a sixer and set a record for yearly SUV sales. Mahindra sold 35,997 units in the passenger car market, a 30% increase in March 2023, and 3,59,253 vehicles overall, a 59 percent increase in sales year over year. Mahindra’s commercial vehicle category is also doing well, with sales of 22,282 cars and an increase of 12% in March 2023. 2,48,576 automobiles were sold in total…

The 37th annual Forbes world’s billionaires list has important positions for business tycoons located in the United Arab Emirates. Pavel Durov, Yusuffali M.A., Micky Jagtiani, Hussain Sajwani, Ravi Pillai, Abdulla bin Ahmad Al Ghurair, Sunny Varkey, Joy Alukkas, Abdulla Al Futtaim and family, and Dr. Shamsheer Vayalil are among the top ten UAE citizens on the list. With a net worth of $11.5 billion, Telegram messenger founder Pavel Durov has maintained his title as the wealthiest businessman residing in the UAE. He has taken up position 148. Retail Tycoon and Chairman of Lulu Group Yusuffali, who has a net worth…

India is nearing approval of a request to purchase US weaponry for its MH-60 Romeo multirole helicopters, including Hellfire missiles and Mark 54 anti-submarine torpedoes. Under a fast-track agreement for over USD 2 billion in 2020, the Indian Navy contracted for 24 of these helicopters, and they must be armed in order to conduct missions. Defence officials told ANI here that the proposal for the purchase of the MH-60 Romeo helicopter’s weapon package is at an advanced stage in the Defence Ministry and that talks are also ongoing with the American administration for the USD 300 million deal to be…

According to the latest industry figures, the export of Indian smartphones is anticipated to have exceeded $10 billion (more than Rs 82,000 crore) in the most recent fiscal year 2023. According to the Asian Lite, Apple’s “Made in India” smartphones currently account for 50% of all exports, followed by Samsung with 40% of mobile exports and other smartphone manufacturers with the remaining 10%. India is dominating the Global Electronics manufacturing scene and is doing well. The Government is placing a strong emphasis on smartphone manufacture and prioritising the Telecom sector. Global Industrial behemoths are now favouring India. The biggest phone…

The Chennai-based Zoho Corporation is confident in the ability of its “hub and spoke” development plan as it anticipates India moving up to become its third-largest market after the US and Europe. The shift, which started in 2020 in Tenkasi, has had great results, according to Sridhar Vembu, Co-founder and CEO of Zoho Corp. This hub now employs close to 1,000 employees. He told the journalists here on Monday, “We will shortly extend it to house 3,000 resources. Since the hub-and-spoke model is being implemented, the tiny enterprises that had been established prior to the pandemic will also be replicated…

In December of last year, Google added the “subject filters” function to its desktop search results. Based on the user’s search query, this function offers pertinent subjects and groups the search results appropriately. For instance, if a user searches for “Pixel 7” on Google, the search results will show up alongside the conventional tabs like “shopping,” “pictures,” and “news” on the right side of the page under categories like “details” and “reviews.” The technology behemoth recently made the ‘subject filters’ option available on Google Search for desktop users. Google claims that the subjects that are suggested are dynamic and alter…