Tuesday, September 18, 2018

ONGC recruitment through GATE announced; Apply by Sept 21

OIL and Natural Gas Corporation (ONGC) Limited has invited applications for recruitment to several posts of Graduate Trainee Post in Engineering and Geoscience Disciplines through GATE 2019. The applicants who are willing to join the ONGC must apply before September 21, 2018.ONGC is the largest producer of crude oil and natural gas in India, contributing around 70 percent of Indian domestic production. The crude oil is the raw material used by downstream companies like IOC, BPCL, HPCL to produce petroleum products like petrol, diesel, kerosene, naphtha, cooking gas-LPG. Maharatna oil PSU ONGC is the largest crude oil and natural gas company in India, contributing around...

Monday, September 17, 2018

Govt mulling strategic sale of 4 Air India subsidiaries: Report

AMIDST reports of government's bid to revive or divest the Maharaja, some media reports on Sunday said the government is working out a strategic sale of 4 subsidiaries of loss-making Air India.
The four subsidiaries companies include Airline Allied Services Ltd (AASL), Hotel Corporation of India (HCI), Air India Air Transport Service Ltd (AIATSL) and Air India Engineering Service Ltd (AIESL).
The government has also come out with a list of Air India assets that could be...

Friday, September 14, 2018

GAIL aims to add 5,500 km gas pipeline in 3 years: Report

STATE-run gas utility GAIL aims to add 5,500 km gas pipelines to boost its capacity by about 50 percent in the next 3 years, its chairman said on September 11. India wants to raise share of natural gas in its energy mix to 15 percent in next few years from about 6.5 percent as the world's third-biggest oil importer and consumer wants to cut...

Thursday, September 13, 2018

JNPT may buy Air India building for Rs 2,000 crore by year-end: Report

NATIONAL carrier Air India Ltd may sell its former head office in Mumbai for an estimated Rs 2,000 crore by the end of March to state-run Jawaharlal Nehru Port Trust (JNPT), a senior airline official was quoted as telling a daily. Both JNPT and Air India are carrying out their individual valuations of the iconic Air India building at Mumbai’s Nariman Point, the ...

Wednesday, September 12, 2018

BHEL is hiring; 529 posts announced; Apply by tomorrow

MAHARATNA PSU Bharat Heavy Electricals Limited (BHEL) has invited applications for recruitment to several posts. A total of 529 posts have been announced.
Interested candidates can apply by visiting the official website- bheltry.co.in. The process of submitting applications has started on August 29 and the last date to...

Tuesday, September 11, 2018

Govt invites bids for sale of 100% stake in Central Electronics

THE government has invited bids for sale of 100 per cent stake in Central Electronics Ltd (CEL). The Department of Investment and Public Asset Management (DIPAM) has invited Expression of Interest (EoI) from bidders having minimum net worth of Rs 50 crore as on March 31, 2018.
The last date for submission of bids is October 21, as per the EoI floated by the DIPAM.
The government had last year cleared a proposal for 100 per cent stake sale...

Monday, September 10, 2018

Amidst divestment talks, HUDCO rises 14% on robust June quarter numbers

SHARES of Housing & Urban Development Corporation (HUDCO) jumped more than 14 percent in the opening trade on September 6 on the back of robust numbers declared by the company for the quarter ended June 2018 (Q1FY19).
It has touched an intraday high of Rs 63.80 and an intraday low of Rs 59.75.
The company's Q1 profit jumped 105 percent...

Saturday, September 8, 2018

ONGC discovers oil and gas reserves in Madhya Pradesh, West Bengal

STATE-owned Oil and Natural Gas Corp (ONGC) has made oil and gas discoveries in Madhya Pradesh and West Bengal that may potentially open up two new sedimentary basins in the country, the firm's director for exploration has said.
ONGC had previously opened six out of India's seven producing basins for commercial production. It is in the process of adding the eighth by putting...