Author: Roshni Kumari

GAIL to enter distributed LNG production business

“According to GAIL (India) Ltd., the country’s biggest gas marketing and transportation firm, they plan on starting dispersed LNG production in order to provide the fuel for customers.”  On Wednesday, GAIL (India) Ltd, the biggest gas transportation and marketing company in the country, said that it aims to get into distributed Liquefied Natural Gas (LNG) production in order to deliver the fuel to customers. LNG is short for liquefied natural gas. At subzero temperatures, GAIL will liquefy natural gas, which means they will transform it into a liquid, and then transfer it to customers via trucks. According to a statement…

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13 arrested for aiding nine family members' suicide in Sangli, Maharashtra

“The family had reportedly taken the action because they were in debt and being harassed by moneylenders, according to the letter that was found by the police.” According to a report from PTI, the Maharashtra Police said on Tuesday that they had detained 13 people, including moneylenders, on allegations of aiding and abetting the suicide of nine family members in the Sangli area. The deceased were related to each other by their relationship with Manik Vhanmore and Popat Vhanmore, who were brothers. On Monday, the bodies of the brothers, their spouses, their mother, and their children were discovered in their…

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Lunch with Warren Buffett goes for a whopping $19 mn ... tip included?

“A mystery bidder will pay $19 million to have lunch with Warren Buffett, the famous investor and chairman and CEO of Berkshire Hathaway. Buffett was seen speaking at a Washington event on October 13, 2015, where he was seen as the keynote speaker.” San Francisco – Talk about an expensive date:- A record-breaking $19 million was paid by an anonymous bidder to have lunch with famed American investor Warren Buffett. In the 21st and last charity luncheon with the elderly multibillionaire, Berkshire Hathaway Chairman and CEO Warren Buffett, eBay unveiled a staggering offer. Last Sunday, bidding began on the eBay…

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Losing Rs 20-25 on fuel and Rs 14-18 on petrol sold by Private Retailers

According to a letter from the Federation of Indian Petroleum Industry (FIPI), selling petrol and diesel at losing petrol of Rs 14-18 and Rs 20-25 per liter below rising crude oil market prices is a non-sustainable practice. According to PTI, the business group has asked the government to help create an atmosphere encouraging investment. Unsustainable losses have been reported to the government by a trade association comprising oil refiners and marketers like Jio-bp (private), Nayara Energy (public), Indian Oil (private), BPCL (public), HPCL (private), and others. “The Federation of Indian Petroleum Industry (FIPI), which includes state-owned corporations such as IOC,…

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Govt asks employees to opt for lowest air fare, book tickets 21-days in advance

“The Ministry also said that workers should reserve just one ticket for each leg of anticipated trip, make reservations even if the tour itinerary is still being approved, and prevent “unnecessary cancellations.”” According to the Finance Ministry, all government workers have been instructed to buy flight tickets at least three weeks in advance of the date of travel for tours and leave-of-absence (LTC) to avoid wasting money. Employees should reserve just one ticket for each leg of the trip, even if the tour itinerary has not yet been approved, to prevent “unnecessary cancellations,” according to the Ministry. Currently, only three…

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India "deeply concerned" after 2 killed near Kabul Gurdwara

At least two blasts were heard in Kabul’s Karte Parwan neighbourhood at approximately 7 a.m. local time,  killed near Kabul Gurdwara. Afghanistan’s Hindu and Sikh minorities are concentrated in this region, which is highly inhabited. After two explosions shook the city of Kabul this morning, at least two people have been killed and numerous more are still trapped inside a Gurdwara in the city. The explosions occurred close to the entrance gates of the Gurdwara. In addition to that, a number of gunshots could be heard. According to local accounts, the two explosions took place close to the two gates…

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U.S. Treasury yields fall after tumultuous week

U.S. Treasury rates dropped down Friday after a turbulent week, which saw central banks across the globe indicate a more aggressive attempt to contain surging inflation, came to a conclusion. At roughly 5:27 a.m. ET, the yield on the benchmark 10-year Treasury note was 9 basis points lower at 3.214 percent, while the yield on the 30-year Treasury bond also fell 9 basis points to 3.271 percent   Yields fluctuate inversely to prices. The 2-year yield, which is normally more sensitive to monetary policy moves, remained steady at 3.164 percent . The S&P 500 is on line for steep weekly…

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Cosmetics giant Revlon files for Chapter 11 bankruptcy protection

Cosmetics giant Revlon submitted its petition for protection under Chapter 11 of the United States Bankruptcy Court on Wednesday evening. The company was struggling under the weight of a substantial amount of debt as well as a clogged supply chain. The business has said that it anticipates receiving $575 million in debtor-in-possession financing from its current lender base, which will assist in supporting its day-to-day operations and will help to keep the firm afloat. “Today’s filing will allow Revlon to offer our consumers the iconic products we have delivered for decades while providing a clearer path for our future growth,”…

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A Bhopal PWD Engineer was busted for receiving a bribe of Rs 40,000

“After verifying the accusation, the Lokayukta police caught PWD Engineer SC Verma red-handed on June 14 at Bhopal’s Jawahar Chowk, outside the PWD office, accepting 40,000 rupees as the first instalment of a one-lakh rupee bribe. The Lokayukta Police is now engaged in action.” According to a report from TOI, the Civil Commissioner of Bhopal saw a Public Works Department (PWD) Engineer, S.C. Verma, take a bribe in the amount of Rs 40,000. Verma was caught in the act. The PWD Engineer requested that the security money for the tender, which amounted to Rs. 100,000, be returned in exchange for…

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UP minor accused of molesting 5-year-old

“In the city of Bulandshahr , Uttar Pradesh (UP), a little boy has been charged under the appropriate provisions of the POCSO Act for the alleged molestation of a minor who is a five years old girl.” Uttar Pradesh (UP), Khurja Dehat Police Station a little young boy has been charged under the appropriate provisions of the Protection of Children from Sexual Offenses Act (POCSO) Act for the alleged molestation of a minor who is a five years old girl. A complaint has been lodged against the accused (rape) A young boy has been charged under the appropriate provisions of the…

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