Author: omc_admin

New Delhi: Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said on Monday that Bharat Petroleum Corp Ltd (BPCL) has so far invested ₹88 crore to support more than 30 startups in the fields of energy, healthcare, agriculture and AI.In a post on X social media platform, the Union Minister said that BPCL is empowering youth to become job creators and leaders.”India’s startup ecosystem is booming, driving growth and innovation across multiple sectors,” said Puri.BPCL’s ‘Project Ankur’ is fuelling this momentum, guided by PM Narendra Modi’s vision of an Atmanirbhar Bharat. ₹88 crore invested to support 30+ startups…

New Delhi: Petronet LNG Ltd, India biggest gas importer, on Monday reported its highest-ever quarterly profit during January-March after gas off-takers paid for volumes they had defaulted on previously. Net profit of ₹1,070.18 crore in January-March – the fourth quarter of April 2024 to March 2025 fiscal – was 23.4 per cent higher than ₹737.68 crore earning a year back, according to a company’s stock exchange filing. The company received ₹360.94 crore in use or pay charges from offtakers for the volumes that they had committed to bring at the import terminals but did not bring since 2021. With domestic…

The assets of failed DNA testing firm 23andMe are being bought for $256 million. Biotechnology firm Regeneron Pharmaceuticals said on Monday it would acquire 23andMe’s personal genome service, total health, and research services business lines, and its biobank of customers’ genetic samples. Regeneron said San Francisco-headquartered 23andMe would continue to offer all consumer genome services.”We believe we can help 23andMe deliver and build upon its mission to help those interested in learning about their own DNA and how to improve their personal health, while furthering Regeneron’s efforts to use large-scale genetics research to improve the way society treats and prevents…

The Godfather of AI has said he trusts his preferred chatbot a little too much.”I tend to believe what it says, even though I should probably be suspicious,” Geoffrey Hinton, who was awarded the 2024 Nobel Prize in physics for his breakthroughs in machine learning, said of OpenAI’s GPT-4 in a CBS interview that aired Saturday. During the interview, he put a simple riddle to OpenAI’s GPT-4, which he said he used for his day-to-day tasks.”Sally has three brothers. Each of her brothers has two sisters. How many sisters does Sally have?”The answer is one, as Sally is one of the…

Shortly after the opening bell, we will be buying 35 shares of GE Vernova at roughly $418.25. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 80 shares of GEV, increasing its weighting to about 1.0% from 0.55%. The S & P 500 was indicated about 1% lower, and Treasury yields rose after Moody’s late Friday downgraded the U.S. credit rating one notch from the highest Aaa to Aa1. Moody’s was the last of the three major credit rating agencies to downgrade the U.S. from a triple-A rating. Standard & Poor’s cut its rating in 2011, and Fitch downgraded the…

Weatherford International plc said it has signed an agreement with Amazon Web Services (AWS) that aims to transform Weatherford’s digital capabilities and “help drive innovation in the energy sector”. As part of the collaboration, Weatherford will have AWS as its preferred cloud provider and will migrate its software and hardware suite to AWS. The migration includes Weatherford’s modern edge platform, which integrates advanced software-enabled hardware with its control system CygNet, the company said in a news release. AWS will support the development of next-generation technologies, further enhancing Weatherford’s unified data model, a solution that allows customers to integrate, harmonize, and…

Alternative asset manager Blackstone announced an agreement by Blackstone Infrastructure to acquire electric utility holding company TXNM energy, in a deal valuing the company at an enterprise value of $11.5 billion. According to the companies, the transaction will provide significant long-term capital to support the clean energy transition and power growth needs of TXNM’s key markets of New Mexico and Texas. TXNM Energy delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM, respectively. The company said that the transaction comes as PNM is supporting the evolution of its generation…

In a release posted on its website, Africa Oil Corp. announced a new brand identity with a change of name to Meren Energy Inc. The company noted in the release that its rebranding follows the recent completion of the “transformative Prime consolidation, doubling reserves and production in high quality offshore assets that benefit from low lifting costs, premium Brent pricing and a favorable fiscal regime”. The business said its common shares will trade under the new symbol ‘MER’ on the TSX and Nasdaq OMX Stockholm. It added in the release that there is no change in the capitalization of the…

London and Brussels agree to remove selected post-Brexit barriers as Trump’s global disruptions drive return to closer ties.The United Kingdom and the European Union are close to concluding agreements to boost military and trade ties as they seek to mend ties disturbed by Brexit. The British government announced on Monday that new agreements had been sealed on defence cooperation, food trade and border checks. The announcement came as Prime Minister Keir Starmer prepared to host the leaders of the 27-member EU, including European Commission President Ursula von der Leyen and European Council President Antonio Costa in the first formal summit…

ATLANTA (AP) — With new innovations and technology, scientists have learned from major tornado outbreaks over the years how to improve safety guidance. During tornado season, forecasters try to get the word out about staying safe during a storm — but also planning for it ahead of time.Tornado seasons typically begin at different times in different parts of the United States.In what has historically been known as Tornado Alley — a designation that typically includes Kansas, Oklahoma and Texas — the peak of tornado season is May into early June. But the season starts earlier in what’s often called Dixie…