Chairman Arun Kumar Singh Is Appointed As CEO Of ONGC
More than a month after Arun Kumar Singh was appointed as the Chairman of India’s largest oil and gas producer ONGC, is now appointed as the Chief Executive Officer (CEO) of the company, according to the stock exchange filing by ONGC. The government named Arun Kumar Singh, who, a couple of months back, retired as…
Shipra Prajapati
Oil Price Dips Amid of China’s Crude Demand In 2023
The global oil market noticed a dip in crude oil prices amid the hope of China’s reopening from the economic slowdown. The Asian trade market noticed a 0.4% decline in Brent crude oil, around 36 cents. On the other hand, West Texas Intermediate crude was $76.65 per barrel, which fell 21 cents. As China lifts…
Aman Goyal
India Needs 18% GDP Growth To Meet Current Job Demands
In the latest report (State Of India’s Livelihood) released by the ACCESS department, India would require a GDP growth rate of 18% to ensure that the growing job demands are met. The study underlines the shift of people from agriculture to low paying jobs. It brings attention to the fact that people are shifting from…
Vikram Dev Dutt Appointed As Director General Of DGCA
The cabinet’s appointment committee on Saturday approved Vikram Dev Dutt’s appointment as Director General of the Directorate Of General Civil Aviation (DGCA). Dutt is a 1993-batch IAS officer of the AGMUT (Arunachal Pradesh, Goa, Mizoram, and United Territory) cadre and currently working as Chairman and Managing Director (CMD) of Air India Assets Holding Ltd (AIAHL)….
Tata Motors Asks For $600 Million To Expand EV Business
Back in the funding game, Tata Motors asks for $600 million in funding from global investors to set the electronic vehicle business in motion. Already marking its presence in the EV segment, it is not the first time that Tata has asked for funding. The auto giant has already raised $1 billion from TPG’s Rise…
Yash Sharma
Microsoft & Amazon To Cut-Off Combined 25,000 Jobs
On Wednesday, Microsoft (a tech giant) announced the layoffs of its 10,000 employees which covers 5% of its workforce. This decision of Microsoft comes after the fresh round of Amazon’s layoffs which includes 18,000 job cuts. After the pandemic, the tech industry went through difficult times that resulted in massive layoffs in companies like Meta,…
Adani Enterprise Plans To Launch Rs.20,000 Cr. FPO
The Adani Enterprise, a flagship of the Adani Group is expected to start the documentation process with the Securities Exchange Board Of India (SEBI) to file for an FPO (Follow-on public offer) worth rupees 20,000 crores. This FPO is likely to be the largest, succeeding the Yes Bank FPO that raised 15,000 crores in the…
Sumit
RBI May Cut Dividend To Govt. Due To High-Interest Cost
Rbi Records The Lowest Surplus Transfer To The Government Of Rs.30,307 Crore In FY2022 As Compared To FY2021- The Indian Express The Reserve Bank Of India (RBI) is planning to cut the dividend to government due to the high-interest cost. During FY2022, RBI transferred the lowest surplus funds of Rs 30,307 crore to the government…
U.S. Debt Ceiling Crisis Risk On Peak Again In 2023
With new leadership in the U.S. In The House of Representatives, the risk of deadlock over the debt ceiling may lead to a fiscal crisis the highest ever, according to Jason Furman, former top economic adviser during the administration of President Barack Obama. The Debt Ceiling is the maximum amount of money the United States…
Allcargo Logistics Obtained 75% Of Fair Trade GmbH
A leading logistics company, Allcargo Logistics, picked up a 75 percent stake in the European rival Fair Trade GmbH for 12 million euros. The German company Gesellschaft mit beschränkter Haftung (GmbH) is valued at 16 million euros. The Mumbai-based company said in the statement that ━ “the acquisition is being carried out through its European…