ONGC charts out ₹83,000-cr investment on 25 projects

Oil and Natural Gas Corporation Ltd (ONGC)will invest close to ₹83,000 crore on 25 major projects. ONGC Chairman and Managing Director (CMD) Shashi Shanker said, “Fifteen of these projects that are currently under execution will directly contribute to oil and gas production. The cumulative oil and gas gain from these projects is expected to be over 180 million tonnes of oil equivalents (MMtoe) in their life-cycle.” He was addressing company employees at the 73rd Independence Day. ONGC envisages a gas output of over 32 billion cubic metres (BCM) by financial year…

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5 reasons why early jobbers should not delay their investment plans

The earlier you start investing, the more time you allow your investments to grow with the magic of compounding. These days it’s not unusual for fresh graduates to start their careers with hefty salaries. And — something that might come as a surprise to some — not all young professionals squander away all their hard-earned money on frivolous things. That doesn’t mean they don’t make the most of their newly-acquired financial independence in terms of having some fun, but they’re also conscious about how to differentiate between their ‘needs’ and…

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Slowdown Impacts Investment Too

The prolonged slowdown in the domestic automobile sector which shows no signs of abating has started to impact investment and expansion plans of companies. Market leader Maruti Suzuki, which registered dismal financial results in the first quarter of FY2020, has reportedly put on hold plans to expand capacity at the Gujarat factory. While it was initially planned as a 1.5 million unit per annum factory, the company may not expand it beyond the existing 750,000 units at all. Similarly, many component makers have put investments on hold due to the…

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Calculate the Total Out-of-Pocket Cost of Your Health Insurance Plan

How much do you pay for your health insurance? If you only think about your health insurance costs in terms of the monthly premiums, you’re leaving out a lot of potential expenses. Right now, for example, I have an Affordable Care Act Bronze plan with a $442.83 monthly premium and a $6,200 deductible. This means that I could pay a total of $11,513.96—the $6,200 deductible plus $5,313.96 in premiums—before my insurer begins to pick up the cost for any of my healthcare. I might end up paying less than that,…

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Kashmir on edge: Most tourists cancel travel plans, airlines cap flight ticket prices

The turmoil in Kashmir has not only cut short the travel plans of pilgrims and tourists currently visiting the state, but also thrown a spanner into upcoming travel plans for the long Independence Day weekend. According to Tourism Kashmir Director Nissar Wani, about 20,000-22,000 tourists were in Kashmir on Friday when the Jammu and Kashmir (J&K) administration issued an advisory asking Amarnath Yatris to cut short their pilgrimage and all tourists to leave Kashmir Valley at the earliest, citing terror threats. As per reports, only a little over 1600 tourists…

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Time to buy ‘fear’? Top 10 stocks based on Warren Buffett investment methodology

Warren Buffett once said “be fearful when others are greedy, and greedy when others are fearful”. Yes, there is plenty of fear on the Street, triggered by both global as well as domestic factors. The tax on super rich, muted corporate results, persistent selling by foreign investors, trade tensions between the US and China, no stimulus from the government to revive the slowing economy are among the sectors at play. A combination of these pulled down benchmark indices below their crucial support levels. The S&P BSE Sensex gave up 38,000,…

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