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<ul><li><keyword id="186684" type="General" weightage="100" keywordseo="iit-guwahati" source="Orion">IIT Guwahati</keyword> sets up a technology incubation centre to encourage its students to transform their business ideas into businesses.</li><li>The centre will provide technical support, business mentoring, and a soft loan facility.</li><li>The centre also focuses on the empowerment of women in terms of entrepreneurship; it has partnered with NSRCEL-IIMB for Women Startup Program (WSP).</li></ul>To encourage its student entrepreneurs, the <keyword id="666878" type="General" weightage="20" keywordseo="Indian-Institute-of-Technology-Guwahati" source="Orion">Indian Institute of Technology Guwahati</keyword> (IITG) has created a technology incubation centre (TIC), which will provide a place for students to transform innovative ideas into viable business propositions on campus. The centre will also provide technical support, business mentoring, and a soft loan facility (subject to availability). It aims to promote advancement in science and technology, traditional knowledge and biodiversity resources; facilitate a platform for entrepreneurship and incubating research mindset for the development of society; and create an interface among researchers, technocrats, and industries. “IIT Guwahati through the TIC has embarked on encouraging the students, faculty, staff and other entrepreneurs to provide necessary technological guidance and convert their ideas into products and technology that will be useful to the society and make the country Atmanirbhar,” said Prof. T.G. Sitharam, director, IIT Guwahati. These incubated startups will work in different sectors such as robotics, information technology, water, oil sector, biotechnology, machine learning, internet of things, renewable energy, home automation and logistics, among other sectors. The Institute said that its incubation centre is recognised by the Ministry of <keyword id="6464993" type="General" weightage="20" keywordseo="micro" source="Orion">Micro</keyword>, <keyword id="6372449" type="General" weightage="20" keywordseo="small" source="Orion">Small</keyword>, <keyword id="4022726" type="General" weightage="20" keywordseo="and-medium-enterprises" source="Orion">and Medium Enterprises</keyword> (MSME), Government of India. The grant assistance from The <keyword id="694074" type="General" weightage="50" keywordseo="technology-development-board" source="Orion">Technology Development Board</keyword>, under the Ministry of Science and Technology, Government of India, has also been approved to support startups, it added. It connects to a pool of experts in terms of faculties, funding agencies such as <keyword id="56072" type="General" weightage="50" keywordseo="oil-india-limited" source="Orion">Oil India Limited</keyword> (OIL) and Numaligarh Refinery Limited (NRL), among others, and other financial institutions like Indian Bank and YES bank. The centre also focuses on the empowerment of women in terms of entrepreneurship; it has partnered with NSRCEL-IIMB for Women Startup Program (WSP). It has also partnered with Innovations for Defence Excellence (iDEX) in building the ecosystem for startups to interact with the Indian Defence establishment. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/fintech-company-moneyplanned-raises-over-2-5-crore-from-inflection-point-ventures-others/articleshow/94298456.cms">Fintech company MoneyPlanned raises over ₹2.5 crore from Inflection Point Ventures, others</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/is-covid-19-finally-over-in-india-this-is-what-who-and-experts-have-to-say/articleshow/94298319.cms">Is Covid-19 finally over in India? This is what WHO and experts have to say</a>

IIT Guwahati starts incubation centre to help its students turn entrepreneurs

The government on Friday slapped an export tax on petrol, diesel and jet fuel (ATF) shipped overseas by firms like <keyword id="6487" type="General" weightage="50" keywordseo="reliance-industries-ltd" source="Orion">Reliance Industries Ltd</keyword>, and imposed a windfall tax on crude oil produced locally by companies such as <keyword id="6354737" type="General" weightage="80" keywordseo="ongc" source="Orion">ONGC</keyword> and Vedanta Ltd. The government imposed a Rs 6 per litre tax on export of petrol and ATF and Rs 13 per litre tax on export of diesel, finance ministry notifications showed. Additionally, it levied a Rs 23,250 per tonne additional tax on crude oil produced domestically. The levy on crude, which follows record earnings by state-owned <keyword id="64243" type="General" weightage="50" keywordseo="oil-and-natural-gas-corporation" source="Orion">Oil and Natural Gas Corporation</keyword> (ONGC) and <keyword id="111992" type="General" weightage="50" keywordseo="oil-india-ltd" source="Orion">Oil India Ltd</keyword> (OIL) and private sector Cairn Oil &amp; Gas of Vedanta Ltd, alone will fetch the government Rs 67,425 crore annually on 29 million tonnes of crude oil produced domestically. The export tax follows oil refiners particularly <keyword id="6355199" type="General" weightage="100" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword> and Rosneft-backed Nayara Energy making a killing in exporting fuel to deficit regions such as Europe and the US in the aftermath of Russia's invasion of Ukraine. The refiners are said to have processed Russian crude oil available at discount after it was shunned by the west, and exported fuel produced from it to Europe and the US. The restriction on export is also aimed at shoring up domestic supplies at petrol pumps, some of which had dried up in states like Madhya Pradesh, Rajasthan and Gujarat as private refiners preferred exporting fuel than selling locally. Exports were preferred as retail petrol and diesel prices by dominant PSU retailers have been capped at rates way lower than cost. This meant that private retailers, who control less than 10 per cent of the market share, either sell fuel at loss or lose market share if they were to sell at higher cost. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sensex-sinks-by-400-points-in-early-trade-on-weak-global-cues/articleshow/92588527.cms">Sensex sinks by 400 points in early trade on weak global cues</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/youtube-rolls-out-new-tools-to-combat-spam-and-account-hijacking/articleshow/92588430.cms">YouTube rolls out new tools to combat spam and account hijacking</a>

Reliance Industries, ONGC, Vedanta and others slapped with windfall, export tax on petroleum

<ul><li><keyword id="56072" type="General" weightage="50" keywordseo="oil-india-limited" source="Orion">Oil India Limited</keyword> (<keyword id="6359072" type="General" weightage="80" keywordseo="oil" source="Orion">OIL</keyword>) is a state-run hydrocarbon explorer headquartered in the north-eastern state of Assam. </li><li>OIL says it has been hit by a major cyberattack, with hackers demanding 196 bitcoins in ransom. </li><li>Earlier, suspected Chinese hackers had reportedly targeted the Indian power grid near the Ladakh border. </li></ul>The state-run Oil India Limited (OIL) has been hit by a major cyberattack that has compromised some of the servers of the company. The ransomware attack has hit the company’s headquarters in Assam. According to <a href="https://indianexpress.com/article/north-east-india/assam/oil-india-limited-cyberattack-assam-7867258/">media reports</a>, the hackers have demanded 196 bitcoins as ransom. At the current prices (approx. ₹31.35 lakh per bitcoin), that is a little more than ₹61 crore. According to a statement from the company’s spokesperson Tridiv Hazarika, while the breach is serious and the virus is severe, the company has disabled the affected systems as a precautionary measure. This should help the company prevent the virus from spreading to other servers, especially when the vector used for the cyberattack is still under investigation. <div type="Article" hostid="261" msid="90699898" title="Suspected Chinese hackers reportedly targeted Indian grid near the Ladakh border" mstype="2" mssubtype="0"></div> Hazarika also added that the cyberattack has not had any impact on the company’s day-to-day operations so far and that the drilling activities are ongoing without any interruptions. <cmsannotation type="cmsannotation" annotationid="Other Indian infrastructure under attack, too" comment="subhead" text="Other Indian infrastructure under attack, too">Other Indian infrastructure under attack, too</cmsannotation> This is not the first Indian infrastructure company to bear the brunt of cyberattacks, nor will it be the last. However, of late, suspected state-backed hackers were reportedly behind the attack on the Indian power grid. According to a <a href="https://www.businessinsider.in/india/news/suspected-chinese-hackers-reportedly-targeted-indian-grid-near-the-ladakh-border/articleshow/90699898.cms">report</a> by a threat intelligence firm Recorded Future, the Chinese cyber campaign against the Indian power grid could be a part of an espionage operation. The report adds that this could have been an attempt to collect critical data for positioning China for future activities against India. “The prolonged targeting of Indian power grid assets by Chinese state-linked groups offers limited economic espionage or traditional intelligence gathering opportunities,” said the Recorded Future report. Earlier in 2021, Record Future also discovered that a Chinese malware had been found pervading the Indian power grid months after the Galwan valley clashes broke out in 2020. At the same time, Mumbai, India’s financial capital and amongst the worst-hit regions during the first wave of the COVID-19 pandemic, <a href="https://economictimes.indiatimes.com/news/politics-and-nation/is-the-mumbai-blackout-last-year-connected-to-the-ladakh-standoff/articleshow/81277610.cms?from=mdr">suffered</a> a city-wide blackout. This forced hospitals across the city to switch to emergency generators to keep critical life support systems functioning. SEE ALSO: <a href="https://www.businessinsider.in/india/news/suspected-chinese-hackers-reportedly-targeted-indian-grid-near-the-ladakh-border/articleshow/90699898.cms">Suspected Chinese hackers reportedly targeted Indian grid near the Ladakh border</a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-surge-over-5-times-in-2021-22/articleshow/90775731.cms">Electric two-wheeler sales surge over 5 times – Hero Electric, Okinawa corner half the market, Ather’s market share declines</a> <a href="https://www.businessinsider.in/business/corporates/news/infosys-becomes-the-first-indian-it-major-to-pull-out-of-russia-announces-1-million-humanitarian-aid-fund/articleshow/90827731.cms">Infosys becomes the first Indian IT major to pull out of Russia, announces $1 million humanitarian aid fund</a>

India’s second largest government-owned hydrocarbon producer hit by a major cyberattack, hackers demand 196 bitcoins in ransom

<ul><li><keyword id="56072" type="General" weightage="20" keywordseo="Oil-India-Limited" source="Orion">Oil India Limited</keyword> (OIL) is hiring 146 people from production and exploration areas.</li><li>Candidates can expect a salary ranging between ₹37,500 to ₹1,45,000 per month depending on the level of experience and qualifications.</li><li>The last date to apply for the opportunity is December 9, 2021.</li></ul>Oil <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword> Limited (OIL) is inviting applications from eligible candidates from production and exploration areas in the districts of Dibrugarh, Tinsukia, Sivasagar and Charaideo in Assam and Changlang district in Arunachal Pradesh. The opportunity is also available for eligible diploma apprentice candidates who have successfully undergone and completed apprenticeship training in the relevant discipline in the company and hold a valid certificate of proficiency issued by Board of Practical Training (BOPT), Eastern Region, Kolkata. The online application to apply for this opportunity has already begun and the last date to fill out the application form is December 9, 2021. Candidates can expect a salary ranging between ₹37,500 to ₹1,45,000 per month depending on the level of experience and qualifications. These are the roles available — <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Post Code </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualifications </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of vacancies </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">CHE12021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Three years of diploma in chemical engineering from a government recognised university/board/institute. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">CIV12021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Three years of diploma in civil engineering from a government recognized university/board/institute. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">COM12021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Three years of diploma in computer engineering from a government recognized institution. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ELE12021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Three years of diploma in electrical engineering from a government recognized institution. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ETC12021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Three years of diploma in electronics &amp; telecommunication engineering from a government recognized institution. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">INS12021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Three years of diploma in instrumentation technology from a government recognized institution. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">MEC12021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Three years of diploma in mechanical engineering from a government recognized institution. </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">65 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Selection procedure — <ol><li>Only those candidates, who fulfil the eligibility criteria as of the crucial date will be called for the computer-based test (CBT). </li><li>The selection process shall consist of a CBT wherein the qualifying marks will be minimum of 40% marks for scheduled caste (SC)/scheduled tribe (ST)/persons with benchmark disabilities (PwBD) and a minimum of 50% marks for people belonging to the general category.</li></ol>The computer-based test will consist of three sections -— English language &amp; general knowledge/awareness with some questions on the company (OIL), reasoning, arithmetic/numerical &amp; mental ability and relevant technical knowledge in the course curriculum depending on the trade. 3. Final selection will be made in order of merit on the basis of the marks obtained in the CBT only. The minimum age criteria for candidates is 18 years, whereas, maximum age is 35 years. Candidates will also have to pay an online application fee of ₹200 exclusive of GST and payment gateway/bank charges. Interested candidates can seek more information <a href="https://www.oil-india.com/Document/Career/Online_Advertisement.pdf">here</a> and can fill out the online application form <a href="https://www.oil-india.com/">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/internship-at-ministry-of-external-affairs-checkout-details-stipend-and-how-to-apply/articleshow/87639318.cms">Internship at Ministry of External Affairs: Checkout details, stipend and how to apply</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/space/news/this-space-startup-wants-to-slingshot-rockets-into-orbit/articleshow/87644752.cms">This space startup wants to slingshot rockets into orbit</a>

OIL is actively recruiting 146 people in different domains in India with a pay scale up to ₹37,000 per month

Metro Brands, Indian Oil, India Cements and other hot stocks on December 22

<ul><li>Shares of oil exploration and production company <keyword id="6354737" type="General" weightage="20" keywordseo="ongc" source="Orion">ONGC</keyword> surged as much as 9% on October 5 on the back of rising gas and <keyword id="102132" type="General" weightage="20" keywordseo="crude-oil-prices" source="Orion">crude oil prices</keyword>.</li><li>The stock hits its 52-week high of ₹162.35 per share.</li><li>The government has hiked the gas prices by 62%, which will benefit <keyword id="2641292" type="General" weightage="20" keywordseo="upstream-companies" source="Orion">upstream companies</keyword> like ONGC, who are into the exploration and initial production stages of the oil and gas industry.</li></ul>Shares of state-owned Oil and Natural Gas Corporation (ONGC) has gained its ₹2 trillion market capitalisation after more than two years because investors can see bigger profits in the horizon. <div type="image" title="ONGC" height="900" width="1200" msid="86778673" hostid="261"></div> The government of India raised the price of natural gas by 62% to $2.9 per unit, the first increase in two years that will hit consumers by steeply pushing up the cost of compressed natural gas (CNG) and piped natural gas (PNG) prices. Natural gas is used to make fertilisers and to produce electricity. It is also turned into CNG, which is then used in automobiles. Another factor that benefited ONGC’s stock was the rise in crude oil prices that climbed to the highest levels in at least three years after the Organization of the Petroleum Exporting Countries (OPEC) ⁠— the international lobby of oil producers ⁠— hinted that it will continue on its trajectory of slow and steady increase in production. Brent crude gained over 3% to cross $81 per barrel on October 4. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Nifty 50 companies in 2 trillion m-cap </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Mcap (in lakh crore) </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">ITC </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.89 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Finserv </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.85 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Avenue Supermarts </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.76 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Larsen &amp; Toubro </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.42 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.39 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.19 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">UltraTech Cement </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.16 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.02 </td></tr></tbody></table> Deven R Choksey, managing director MD, KR Choksey Investment Managers in an interview to The Economic Times, said the rise in gas and crude oil prices would add 15-30% earnings growth on ONGC’s books. According to JM Financial, every 10% increase in domestic gas price has a positive impact of 3-4% on ONGC and <keyword id="45187" type="General" weightage="20" keywordseo="oil-india" source="Orion">Oil India</keyword>’s market value. So far in 2021, shares of oil exploration and production company ONGC have spiralled 73%. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/paras-defence-space-technologies-stock-remains-in-5-upper-circuit-this-week/articleshow/86775804.cms">The party isn’t over for Paras Defence shareholders as the stock breaks through the ceiling three days in a row</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/tcs-earnings-may-be-excite-the-street-thanks-to-the-14-new-deals-in-last-three-months/articleshow/86773292.cms">TCS earnings may be excite the street thanks to the 14 new deals in last three months</a>

ONGC returns to ₹2 trillion club after 2 years as gas, crude oil prices rise

<ul><li>The SGX Nifty was trading 0.67% lower at 7:45 am, indicating a subdued start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Despite positive cues from the western markets, the Indian equities may open on a cautious note on Tuesday. The SGX Nifty was trading 0.67% lower at 7:45 am, indicating a subdued start for Nifty50. However, the <a href="https://www.businessinsider.in/stock-market/news/dow-closes-835-points-higher-after-hitting-intraday-record-on-pfizer-vaccine-enthusiasm/articleshow/79139613.cms">U.S. stock markets soared on Monday</a>, the progress in the development of a COVID-19 vaccine was all that investors needed to hear to help propel stocks to hit new heights. The Dow Jones Industrial Average closed 835 points higher after hitting an intraday record on Pfizer vaccine news, and the S&amp;P 500 gained 1.17%. These are the stocks to watch out for during the trading session on November 10: Pfizer Limited <a href="https://www.businessinsider.in/science/health/news/pfizers-covid-19-vaccine-is-90-effective-in-preventing-coronavirus-in-those-who-havent-been-infected-ever-before/articleshow/79130097.cms">Pfizer says an early peek at its vaccine</a> data suggests that its shots prevented more than 90% of symptomatic infection, indicating the company is on track later this month to file an emergency use application with U.S. regulators. The shares of Pfizer Limited ended 0.19% higher on Monday. <keyword id="45123" type="CITY" weightage="20" keywordseo="HDFC">HDFC</keyword> Mortgage lender HDFC has reduced its retail prime lending rate (RPLR) on housing loans by 10 basis points (0.10%). The change will benefit all existing HDFC retail home loan customers, it added. The shares of HDFC ended 0.82% higher on Monday. <keyword id="281546" type="COMPANY" weightage="20" keywordseo="HFCL">HFCL</keyword> HFCL has received a letter of award worth ₹678.50 crore from L&amp;T for the supply of I.T. equipment, software solutions and associated equipment. The project is expected to be completed by April next year. The shares of HFCL ended flat on Monday. Tata Consultancy Services Tata Consultancy Services (<keyword id="6357150" type="ORGANIZATION" weightage="20" keywordseo="tcs">TCS</keyword>) and Deutsche Bank AG announced an agreement, under which TCS will acquire 100% shares of Postbank Systems AG (PBS) from the latter. PBS is the full-range captive I.T. service provider that provides project management, application management and infrastructure support services to Postbank and other subsidiaries of Deutsche Bank. PBS has around 1,500 employees and they will become a part of TCS after acquisition. The shares of Tata Consultancy Services ended 0.69% higher on Monday. Engineers India Engineers India board is slated to meet on November 12 to consider buyback of equity shares. The shares of Engineers India ended 0.59% lower on Monday. <keyword id="105311" type="COMPANY" weightage="20" keywordseo="INOX-Leisure">Inox Leisure</keyword> The cinema giant Inox Leisure has launched qualified institutional placement (QIP) at ₹263.1 per share. The floor price is set at a 1.42% discount to Monday’s closing price. The shares of Inox Leisure ended 0.53% higher on Monday. Oil India State-owned oil and gas explorer Oil India Ltd (OIL) on Monday reported a net profit of ₹238.95 crore during the second quarter compared to a net loss of ₹248.61 crore during the sequential quarter. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin reduced to 37.21% in Q2 from 43.39% in the same quarter last year. The shares of Oil India ended 0.69% higher on Monday. <keyword id="105485" type="COMPANY" weightage="20" keywordseo="GAIL-India">GAIL India</keyword>, Mahindra &amp; Mahindra, Hindalco Industries, Tata Power and GMR Infrastructure GAIL India, <a href="https://www.businessinsider.in/business/auto/news/mm-q2-earnings-tomorrow-profit-likely-to-fall-19-percent-but-tractor-sales-may-help-revenue/articleshow/79129620.cms">Mahindra &amp; Mahindra</a>, Hindalco Industries, Tata Power and GMR Infrastructure are the companies among others that are slated to report their quarterly earnings today. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/pfizers-covid-19-vaccine-is-90-effective-in-preventing-coronavirus-in-those-who-havent-been-infected-ever-before/articleshow/79130097.cms" data-type="tilCustomLink">Pfizer’s COVID-19 vaccine is 90% effective in preventing coronavirus in those who haven’t been infected ever before, shows data from latest trials</a> <a href="https://www.businessinsider.in/business/auto/news/mm-q2-earnings-tomorrow-profit-likely-to-fall-19-percent-but-tractor-sales-may-help-revenue/articleshow/79129620.cms" data-type="tilCustomLink">Strong tractor sales may cushion M&amp;M’s revenue but profit is likely to remain under pressure, say analysts</a>

Top stocks to watch — Pfizer, HDFC, TCS, HFCL, Inox Leisure, M&M, GAIL India, Oil India and others

<ul><li>At 7:49 am, the SGX Nifty was trading 0.98% higher, indicating a positive start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amidst positive cues from the global market, the Indian stock market is likely to open higher. At 7:49 am, the SGX Nifty was trading up 0.98%, indicating a green start for Nifty50. The US stocks also ended in the green on Wednesday on the back of further stimulus hopes. The Dow Jones Industrial Average closed 1.20% higher; whereas the S&amp;P 500 was down 28 points on Wednesday. These are the stocks to watch out for during the trading session on October 1: Reliance Industries (RIL) Mukesh Ambani’s owned Reliance Retail Ventures Limited has<a href="https://www.businessinsider.in/business/news/reliance-retail-raises-another-1875-crore-as-silver-lake-comes-back-with-an-additional-investment/articleshow/78412992.cms"> raised ₹1,875 crore </a>from Silver Lake co-investors. The shares of RIL ended 0.49% lower yesterday Oil and Natural Gas Corp, GAIL India, Oil India and other natural gas stocks The stocks of natural gas companies will be in focus today as the Indian government slashed the rate by 25% to $1.79 for the period of October 2020 to March 2021. This is the price at which most of the natural gas produced in India is sold. The shares of Oil and Natural Gas Corp and GAIL Limited ended 2% lower yesterday, whereas Oil India was up nearly 2%. Also watch out for IGL, MGL and Gujarat Gas. Inox Leisure and PVR Limited As part of the unlock 5.0 guidelines, the Ministry of Home Affairs (MHA) has allowed reopening of cinema halls from October 15. The stock of Inox Leisure and PVR Limited will be in focus today during the trade. The shares of Inox Leisure and PVR LImited ended 2% higher yesterday. Lupin The drug major Lupin launched Lapatinib tablets, used in the treatment of advanced or metastatic breast cancer, in the US market. The company has launched Lapatinib tablets in the strength of 250 mg after its alliance partner Natco Pharma received final approval for its abbreviated new drug application (ANDA) from the United States Food and Drug Administration (USFDA), it said in a statement. The shares of Lupin ended 0.8% higher yesterday. Sanofi India Sanofi India on Wednesday launched a booster vaccine for preschoolers to protect against four major diseases - diphtheria, pertussis, tetanus and polio. “Booster vaccines are designed to boost the immunity acquired during prior vaccination,” the company said. The shares of Sanofi India ended 1.4% higher yesterday. Dhanlaxmi Bank Shareholders of Dhanlaxmi Bank ousted chief Sunil Gurbaxani, little over seven months after he assumed charge of the lender. This came a day after the Reserve Bank of India appointed its General Manager D K Kashyap on the board of the bank for two years. The shares of Dhanlaxmi Bank ended 1% lower yesterday. Punjab National Bank The state-run public sector bank Punjab National Bank (PNB) declared its ₹1,203.26 crore exposure to Sintex Industries as a fraud. The shares of Punjab National Bank ended 2% lower yesterday. HDFC Limited The National Housing Bank imposed a monetary penalty of ₹1.5 lakh on HDFC Limited for non-compliance of the housing finance companies directions. The shares of HDFC Limited ended 1.16% higher yesterday. Bank of Baroda The state-run Bank of Baroda has dissolved its wholly-owned arm BOB (UK) in the United Kingdom with effect from September 22. The shares of Bank of Baroda ended 0.85% lower yesterday. Auto stocks in focus today Watch out for the likes of Maruti, Tata Motors and other listed auto stocks as they report their monthly sales for September. The <a href="https://www.businessinsider.in/business/auto/news/cars-and-tractor-sales-likely-to-remain-healthy-but-commercial-vehicles-may-feel-the-pain-in-september-month-sale/articleshow/78407001.cms">estimates from brokerages</a> showed that passenger vehicles and farm equipment would report strong growth. However, the situation for the commercial vehicle segment will continue to remain grim. Mazagon Dock, Likhitha Infrastructure and UTI AMC The IPO subscription for Mazagon Dock, Likhitha Infrastructure and UTI AMC will close today. CAMS, Chemcon <a href="https://www.businessinsider.in/stock-market/news/cams-ipo-shares-are-trading-at-over-25-premium-in-the-grey-market/articleshow/78400317.cms">CAMS </a>and <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-for-chemcon-ipo-share-price-trading-at-over-111/articleshow/78404223.cms">Chemcon shares </a>are slated to hit the bourses today. The grey market premium for the companies suggests a bumper listing ahead. SEE ALSO: <a href="https://www.businessinsider.in/india/news/from-income-tax-to-credit-card-payment-here-are-all-the-rules-changing-from-october-1/articleshow/78418580.cms" data-type="tilCustomLink">From income tax to credit card payment - here are all the rules changing from October 1</a> <a href="https://www.businessinsider.in/business/auto/news/cars-and-tractor-sales-likely-to-remain-healthy-but-commercial-vehicles-may-feel-the-pain-in-september-month-sale/articleshow/78407001.cms" data-type="tilCustomLink">All eyes on September auto sales — Cars and tractor sales likely to remain healthy but commercial vehicles may feel the pain</a> <a href="https://www.businessinsider.in/business/auto/news/hero-motocorp-expected-to-outperform-bajaj-auto-and-tvs-sales-numbers-in-september-two-wheeler-sales/articleshow/78407559.cms?upcache=2" data-type="tilCustomLink">September two-wheeler sales expectations — Hero MotoCorp expected to outperform Bajaj Auto and TVS Motor</a>

You Searched For "Oil India" and got 8 results

IIT Guwahati starts incubation centre to help its students turn entrepreneurs

Vaamanaa Sethi

Reliance Industries, ONGC, Vedanta and others slapped with windfall, export tax on petroleum

PTI

India’s second largest government-owned hydrocarbon producer hit by a major cyberattack, hackers demand 196 bitcoins in ransom

Rounak Jain

OIL is actively recruiting 146 people in different domains in India with a pay scale up to ₹37,000 per month

Vaamanaa Sethi

Metro Brands, Indian Oil, India Cements and other hot stocks on December 22

Rounak Jain

ONGC returns to ₹2 trillion club after 2 years as gas, crude oil prices rise

Bhakti Makwana

Top stocks to watch — Pfizer, HDFC, TCS, HFCL, Inox Leisure, M&M, GAIL India, Oil India and others

Navdeep Yadav

Top stocks to watch— RIL, ONGC, HDFC, GAIL, PVR, Oil India, Lupin, PNB, Dhanlaxmi Bank and others

Navdeep Yadav

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