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ONGC declares results for FY’22; posts highest ever net profit of   Rs 40,306 crore for FY’22, up by 258%, highest ever total dividend   of 210% for FY’22 ONGC surpasses Tata Steel to become India’s 2nd most profitable firm after Reliance Industries Ltd. by Priya J NATIONAL, MUMBAI, 30 MAY, 2022 Highlights: • Gross Revenue Rs.34,497 crore in Q4FY’22, up by 63%; Rs. 1,10,345 crore in FY’22, up by 62% • Net profit Rs.8,860 crore in Q4 FY’22, up by 32%; Rs. 40,306 crore in FY’22, up by 258% • Total dividend for FY’22 Rs. 10.50 per share(210%) considering interim dividend of Rs. 7.25 per share (145%) and Final dividend of Rs. 3.25 per share(65%) • Four discoveries made and six monetized in FY’22 ONGC Board of Directors in its 350th Meeting held on 28th May, 2022, approved the annual results for FY’22. 1.  Financial Performance 2.   Dividend pay out The total dividend for FY’22 would be 210% (Rs.10.50 per share of face value Rs 5 each) with a total payout of Rs. 13,209 cr...

‘The investment can go up by an additional ₹20,000 crore by 2030’ by Priya J MUMBAI, 30 MAY, 2022:  State-owned  Gail India  will invest ₹6,000 crore in the next three years in renewables, a top official said on Monday. The investment can go up by an additional Rs 20,000 crore by 2030, GAIL India chairman and managing director Manoj Jain told reporters here. GAIL India Director (Finance) Rakesh Kumar Jain,  said, “The company, which reported a 112% jump in FY22 post-tax net profit to ₹10,364 crore, has outlined an overall capital expenditure plan of up to ₹40,000 crore in the next five years, which will cover a wide array of areas.This will entail borrowings of up to ₹20,000 crore, while the rest will come from internal accruals, the director added.  Its chairman said it is looking at almost 3 GW of renewables capacity by 2030, which will include 1 GW to start within the next three years.” The company is undertaking a liquid hydrogen capacity addition right now ...

by Priya J Mumbai, May , 2022:   Lubrizol Advanced Materials, Inc.,  inventors and the largest manufacturers of CPVC compound worldwide have won the  Best Influencer Marketing Platform Award  for its unique  FlowGuard® Plus App  at the  15th Edition of the Customer FEST Leadership Awards 2022 . The award was received by  Ms. Pooja Shetty, Head Marketing and Communication – South Asia, TempRite® Lubrizol along with the TempRite® India team. The Customer FEST Leadership Awards  is conceived and managed by KamiKaze, a leading B2B conference organizer. Renowned industry veterans from leading organizations across the country including American Express, ABSLI, Kotak Mahindra, Edelweiss, Zendesk amongst others were part of the jury to pin down the revolutionary marketing initiatives spanned across Digital, CRM, Customer Loyalty, Influencer Marketing and Channel Marketing segments. The Customer FEST Leadership Awards 2022 witnessed the participation ...

by Priya J Mumbai, May 30, 2022:   The findings of the Tobacco Control Policy (TCP) third round survey in India revealed some alarming facts about tobacco use and the implementation of tobacco control policies. India is home to approximately 267 million tobacco users ( 99 million smokers and 199 million smokeless tobacco users ). This report is based on a survey of adult tobacco users and tobacco non-users (aged 15 and older) in Maharashtra, Bihar, West Bengal, and Madhya Pradesh conducted by the Healis Sekhsaria Institute for Public Health, India, in collaboration with the University of Waterloo, Canada.  The TCP India first round Survey in four states was conducted between August 2010 and October 2011. The second round of the survey was conducted between October 2012 to September 2013 and the most recent, third round of the survey was conducted between July 2018 to July 2019. Increased Quitting did not changed proportion of Smokeless tobacco use in India Among tobacco users,...

The Educational Event provided in-depth insights on US immigration and investments via EB-5 Program. by Priya J Mumbai 28th May 2022:  Invest In the USA(IIUSA), the membership association for the EB-5 Regional Center industry, in partnership with PHD Chamber of Commerce and Industry, commenced a series of educational events in India for cohesive knowledge-building sessions about the U.S. investment/EB-5 immigration process, project due diligence, and financial & tax planning,etc. The event was conducted across the states of Delhi, Mumbai, Hyderabad, and Bengaluru in May and June. McKenzie Penton, Director of Events and Business Development, IIUSA, Aaron Grau, Executive Director, IIUSA, and MayankChhatwal, Secretary, International Affairs & Trade fair Division, PHDCCI, address the press conference on IIUSA EB-5 Passport Series: India The EB-5 program "affords foreign nationals and their spouses and unmarried children under age 21 the ability to obtain a U.S. visa based upon...

  KASHISH 2022 LGBTQ+ film festival announced by Divya Dutta and Arunaraje Patil The physical festival to run from June 1-5 th  at Liberty Cinema and  Alliance Française de Bombay by Priya J The 13 th  edition of KASHISH Mumbai International Queer Film Festival was announced at a press conference today by National Award winning actress Divya Dutta, National Award winning director Arunaraje Patil, and KASHISH festival director Sridhar Rangayan. "I am happy to announce the 13th edition of KASHISH film festival. This festival which truly embraces and celebrates the LGBTQ+ diversity, has been a very special event in Mumbai, bringing together the LGBTQ+ community and their allies every year to celebrate the best queer cinema. This year in its physical avatar once again, it will be a great joy to celebrate our film  Sheer Qorma  with the audiences. I am eagerly looking forward to the festival", said Divya Dutta, National Award winning actor. “It's an exciting tim...