State-run Oil and Natural Gas Corporation (ONGC) is planning to use its Tapti assets in the western offshore to advance production of gas and condensate from its neighbouring Daman field, under a Rs 5,219-crore plan.

The assets comprise the Tapti gas processing platform, gas gathering stations and sub-sea pipelines.

Services sector growth lost momentum for the second straight month in April on weaker domestic demand, raising hopes for an imminent rate cut by RBI, an HSBC survey said today.

The manufacturing sector also saw its growth rate coming down in the last month, as per another HSBC survey released earlier this week, which coupled with a moderate inflation may convince the Reserve Bank to cut its policy rate for the third time this year.

On across-the-board selling in late morning deals, the stock markets nosedived to four-month lows with the benchmark BSE Sensex plunging 630.64 pts points to below 27,000-level and NSE Nifty falling 180.50 points.

Sentiments were weak in the absence of trigger amid host of negative factors in the backdrop of sustained FII outflows.

Soon, you may able to travel on planes that fly on jet fuel from black fungus that is commonly found in decaying leaves, soil and rotting fruit, thanks to a new research.

Washington State University research, led by Professor Birgitte Ahring, used the bacteria Aspergillus carbonarius ITEM 5010 to create long chains of hydrocarbons, the chief component of petroleum products, similar to those in aviation fuels.

The markets have spiralled down this morning, with both the Sensex and Nifty touching their lowest in almost four months, amid geo-political concerns in the Middle-East with index heavyweights leading the decline.

At 10.30am, the BSE Sensex had plunged over 500 points to break below its crucial psychological level of 27,000 and the Nifty has also came under pressure to break below its crucial support 200-DMA. The Sensex was at 26,897, lower by 542 points and the Nifty is at 8,151, dowen 168 points.

Benchmark share indices ended flat, amid a volatile trading session, as gains in ONGC and Kotak Mahindra Bank shares helped offset most of the losses. Further, the sharp fall in Chinese stocks also weighed on sentiment.

The 30-share Sensex ended down 50 points at 27,440 and the 50-share Nifty closed 7 points lower at 8,324.

Market leader Maruti Suzuki India is stepping up its skill development activity by setting up automobile skill enhancement centres at 45 government-run Industrial Training Institutes (ITIs) across India

Through the programme, the company is looking to train over 2,100 youth annually in car service and repair, Maruti Suzuki India (MSI) said in a statement.

NEW DELHI: The government on Tuesday faced embarrassment after the Union home ministry in a reply told Parliament that the government had no idea where Dawood Ibrahim is.

This is in complete contradiction to what the government stand has been on the underworld don, who is the prime accused in the 1993 Mumbai serial blasts.

PUNE: Tata Motors will not be driving in a diesel engine powered Nano in the near future owing to issues related to "refinement and economics".

The company, which is expected to launch the GenX Nano soon, had developed a 2-cylinder 800 cc diesel engine that was also aimed at powering the small car but it has decided against using it for the time being.

US-based LumenEd is a startup that is trying to connect classrooms around the world through a Video Pen-Pal program using a multimedia device – Bright Orange Box (BoB) that works everywhere, even in environments without electricity or Internet. The Video Pen Pal Program pairs classrooms from different geographic, social and economic contexts to engage in weekly videos conversations.

The BoB, a battery-powered smart projector, allows classrooms in the US to interact with classrooms in India while bringing digital learning content to under-resourced classrooms in India. By pairing a bright projector and loud stereo speakers, the box allows teachers to present videos, music, and powerpoints to their whole classroom.

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