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State-owned Oil and Natural Gas Corporation (ONGC) on Saturday said it has made "significant" headway in controlling the gas blowout at the Assam well, with flow rates reducing substantially.
The blowout -- or uncontrolled flow of natural gas -- took place on June 12 at a well of the Rudrasagar oil field of ONGC at Barichuk. A private firm, S K Petro Services, was operating the well on behalf of the company.
In a statement, ONGC said it "has made significant headway in its well control operations at RDS#147A, with the flow rate of gas having reduced substantially, marking a critical step forward in containment efforts."
The international expert team from CUDD Pressure Control, USA, who arrived on site on Friday, has conducted a preliminary assessment of the situation and reviewed all actions undertaken by ONGC teams so far.
"The experts have expressed their agreement with the strategy and execution carried out to date, reaffirming the effectiveness of ONGC's approach to safely ...

The international expert team from CUDD Pressure Control, USA, who arrived on site on Friday, has conducted a preliminary assessment of the situation and reviewed all actions undertaken by ONGC teams

State-run power giant NTPC board on Saturday approved the proposal to raise up to Rs 18,000 crore through the issuance of NCDs or bonds on private placement in the domestic market.
The board of directors of the company in its meeting on Saturday also considered and approved the draft notice of postal ballot in respect of seeking approval of shareholders of the company for issue of these non-convertible debentures (NCDs), as per a regulatory filing.
The company also fixed the cut-off date of Friday for the purpose of reckoning the names of members, who are entitled for receiving postal ballot notice and voting rights, it said.
According to the filing, the board approved the issue of non-convertible debentures up to Rs 18,000 crore in one or more tranches/series not exceeding 12, through private placement in the domestic market during the period commencing from the date of passing of special resolution till completion of one year.

The company also fixed the cut-off date of Friday for the purpose of reckoning the names of members

Most artificial intelligence systems suffer from the flaw of 'hallucination' and are not meant for India's small enterprises in manufacturing sector,  deep-tech company Vexoo Labs has said and claimed its AI solutions are for the "real world".
"The focus on factual accuracy is both rare and crucial," said Ajay Kumar, Senior Business Leader, AI Evangelist and a Board Advisor at Vexoo Labs.
He said most AI tools today are built for showcase, not for reliability.
In the industrial alleys of Rajkot, the looms of Tiruppur, and the machining units of Coimbatore, India's small and mid-sized manufacturers are facing a silent crisis, he noted.
"It's not rising input costs or labour shortages alone - it's the growing complexity of data, and the absence of any reliable AI system to help make sense of it," Kumar told PTI on the sidelines of Super AI, a mega exhibition and conference held June 18-19.
According to Kumar, despite the global boom in artificial intelligence, "most systems on the .

Ajay Kumar, Senior Business Leader, AI Evangelist and a Board Advisor at Vexoo Labs said most AI tools today are built for showcase, not for reliability

Adrian Perica, the company's head of mergers and acquisitions, has weighed the idea with services chief Eddy Cue and top AI decision-makers

The state government said the move is meant to reduce groundwater extraction as well as extend the life of buildings since poor quality water can corrode iron and damage concrete

High courts are not the "custodian" of the revenue department, the Supreme Court has said while dealing with a petition challenging a Bombay High Court order that stayed a tribunal's direction for a refund of Rs 256.45 crore to a firm.
A bench of Justices Ujjal Bhuyan and Manmohan observed that prima facie, the high court could not have stayed the order after holding that the appeal filed by the Commissioner of CGST and Central Excise, Belapur Commissionerate, was not maintainable.
"A high court is not the custodian of the revenue," the apex court, which stayed the high court's June 12 order, observed.
"Prima facie, the high court could not have passed the order of stay after holding the appeal to be not maintainable and after recording that the writ petition and the appeal are disposed of as not pressed," the bench said in its order passed on June 20.
The top court passed the order while hearing a plea filed by the firm, challenging the high court order.
The bench noted that the 

The top court passed the order while hearing a plea filed by the firm, challenging the high court order

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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How to claim HRA while filing your ITR

Did you forget to submit the rent receipts to your employer and are you now worried whether the HRA in your Form 16 will be considered taxable? There's a way out for you.

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