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Business Standard

6 hours ago

• Business Standard

ONGC reports major progress in controlling Assam gas well blowout

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 managing the well," the statement said without giving a timeframe by when the blowout will be fully controlled. ONGC said based on the forward plan jointly developed, extensive site preparations are underway to facilitate the next phase of action. The process of removing tubulars from the well has commenced, and mobilisation of cranes for the removal of tubing from the rig floor is in progress. "Water blanketing continues around the clock as a key safety measure. Additionally, flood-level monitoring of the nearby Dikhow River remains ongoing, ensuring all operations are aligned with environmental and safety protocols," the statement said. "ONGC is continuously monitoring the low explosive limit (LEL) levels of air around the well site through real-time gas detectors to ensure safety. Medical assistance is being provided at the relief camp to support all those in need." In a LinkedIn post, Oil Minister Hardeep Singh Puri on Friday said he has been reviewing the well control operation at the RDS 147 A at Sivasagar in Assam. "The Crisis Management Team headed by experienced Blow Out Control specialists are on the job." Residents in the vicinity had been relocated to a safe relief camp and arrangements for food, security and other essentials are being arranged by authorities concerned, he said, adding that the well is continuously blanketed by water to avoid fire as a safety measure. "Composition of gas is found to be free from H2S, CO, and CO2. Being 97 per cent methane which is much lighter than air, it keeps going higher and higher. The gases are getting dispersed into heights and not settling on ground," Puri said. He added that the air quality around the well site was being monitored continuously and was found to be in safe limits just at 50-100 metres distance from the well mouth. "Considering the falling gas pressure which has fallen from 2600 psi to 500 psi, we are trying to contain the situation through junk shot operation and will try pumping kill fluids today. If it doesn't suffice and the fire is still not contained, capping of the well shall also be considered," he added.

Time of India

7 hours ago

• Time of India

IITian got rejected in job interview. She did not look for another job. She just travels and earns

Kanak Agrawal, an IIT Kanpur graduate, faced job rejection. She then started writing on LinkedIn. Within months, she gained her first client. After two years, she built a community of 40,000 followers. Kanak earns well while living in scenic locations. She encourages others to create opportunities. Her story inspires many to pursue unconventional paths. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Sometimes, it takes just one closed door to redirect you toward your purpose. For IIT Kanpur graduate Kanak Agrawal , that door was a job interview she didn't get. What followed wasn't a period of despair—it was a pivot that would change her life forever. In a recent Instagram post, Kanak shared how a single rejection led her to discover her passion, build a thriving personal brand, and design a life most only dream exiting her startup in 2022, Kanak craved stability and peace, so she decided to try her hand at a regular job. But after getting rejected in her very first interview, she took a step back to reassess what she really wanted. That moment of clarity pushed her to start writing on LinkedIn—initially as an experiment, and eventually, as a four months in, she landed her first paid client for personal branding . Two years later, she's created over 300 pieces of content, built a community of over 40,000 followers, and earns more than enough—all while living her dream life in scenic mountain towns and coastal key turning point? Embracing storytelling and letting go of the fear of judgment. 'I never regretted not trying harder for a job,' she said. 'Because of that rejection, I found my love for storytelling, overcame fear, and lived my dream life.'In her Instagram post, she captioned a slideshow with the question, 'What stops you from starting something new?' urging others to just begin. 'Whether it's writing, designing, teaching, or building, the entry barrier has never been lower. Don't wait for opportunities. Create them,' she response on social media was overwhelmingly supportive. Many praised Kanak for her perseverance and courage to follow a non-traditional path. Some applauded her hard work and consistency, while others found her story deeply inspiring. A few also highlighted the importance of slowing down and choosing a lifestyle that prioritises peace and personal growth.

Time of India

8 hours ago

• Time of India

Real estate becoming the new wealth-building avenue? Moneydhan founder shares emerging investment trend

While most Indian investors chase double-digit gains through mutual funds, a growing segment is quietly building wealth through strategic real estate bets — earning internal rates of return (IRR) as high as 18–22%, according to Sujith SS, founder of Moneydhan. In a detailed LinkedIn post, Sujith highlighted how India's emerging affluent are increasingly turning to early-stage property investments to outperform traditional assets. 'While mutual fund investors cheer a 12% CAGR over a decade, someone like Riya is silently clocking 18–22% IRR by compounding in hard assets,' he wrote, sharing insights from a real client case study. Check full post here While mutual fund investors celebrate 12% CAGR over 10 years… by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Riya quietly crosses 18–22% IRR by compounding hard assets . This is how India's new-age rich play the long game. Read more 𝗧𝗵𝗲 𝗚𝗮𝗺𝗲 𝗕𝗲𝗴𝗶𝗻𝘀, 𝗬𝗲𝗮𝗿 𝟬 Live Events A new branded project launches in Gurgaon. On paper, it's 36 months to possession. On the ground, it's just a hoarding and a sales office. But someone, let's call her Riya, books two units. Not one. Why? •••• She's buying early due to 𝗽𝗿𝗶𝗰𝗲 𝗲𝗻𝘁𝗿𝘆 𝗱𝗶𝘀𝗰𝗼𝘂𝗻𝘁. At launch, the flat costs ₹1.2 crore. Similar "ready to move" flats nearby, are going for ₹1.5 crore. That's a 20% discount, right from Day 1. Riya books it with a staggered payment plan: 🔹10 % now 🔹30% 1st milestone 🔹30% 2nd milestone 🔹30% final payment. No EMI yet. No loan disbursement. Just early commitment. 𝗬𝗲𝗮𝗿 𝟮 ,𝗧𝗵𝗲 𝗕𝘂𝗶𝗹𝗱𝗨𝗽 The tower is halfway up. The price has inched to ₹1.4 crore. Demand is growing. NRIs and HNIs enquire with the builder. Rental brokers want to know, when handover will happen. Riya watches quietly. 𝗬𝗲𝗮𝗿 𝟯 - 𝗕𝗼𝗼𝗸 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 𝗼𝗿 𝗛𝗼𝗹𝗱? Possession nears. The builder starts giving keys. The market value of her flat is now ₹1.75 crore!! She has two options 🔸Sell the unit and book a clean ₹50 lakh gain after all payments. 🔸Rent it out, earn 6% yield, and refinance against it at cheap rates. Guess what, She does both. Sells one, rents the other. ( she has 2 units remember) Money that came after selling is invested into a pre-leased commercial unit near NH8. That commercial unit starts giving her 8% annual returns from Day 1. --------- This isn't random is a structured wealth play. Over 7–10 years, Riya repeats this process 3–4 times. Each time ●• Buys early, before the crowd. ●• Waits for value to unlock. ●• Exits smartly or converts to rental income. ●• Moves profits into high-yield commercial assets. This was the real story for a client we have. He needs us to diversify now into equities and other liquid assets. And before you jump the gun, Read more... 🟧 𝗧𝗵𝗲 𝗟𝗶𝘀𝘁 𝗼𝗳 𝗔𝘀𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻𝘀 𝗬𝗼𝘂'𝗿𝗲 𝗕𝗲𝘁𝘁𝗶𝗻𝗴 𝗢𝗻 𝟏. 𝗧𝗶𝗺𝗲𝗹𝘆 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝘆 If the builder delays, your plan collapses. 𝟐. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗮𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 You're counting on 20–30% growth by possession. 𝟑. 𝗡𝗼 𝗹𝗲𝗴𝗮𝗹 𝗱𝗶𝘀𝗽𝘂𝘁𝗲𝘀 RERA is not as fast or effective as promised. 𝟒. 𝗘𝗻𝗱-𝗯𝘂𝘆𝗲𝗿 𝗱𝗲𝗺𝗮𝗻𝗱 You need someone willing to pay premium for ready units. 𝟓. 𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗮𝘀𝘀𝗲𝘁 𝗾𝘂𝗮𝗹𝗶𝘁𝘆 The shift from residance to pre-leased needs due diligence. 🟦 𝗛𝗶𝗱𝗱𝗲𝗻 𝗙𝗿𝗶𝗰𝘁𝗶𝗼𝗻𝘀 𝗬𝗼𝘂'𝗹𝗹 𝗙𝗮𝗰𝗲: 🔹 Bank Loans You start paying EMIs once disbursement begins, even if the flat is incomplete. 🔹 Registration & Stamp Duty 6–7% of property value reduces net gain. 🔹 Capital Gains Tax 20% with indexation if held over 2 years. 🔹 Rental Vacancies 1–2 months empty can shave off your yield. How people reacted? "Intensive capital is the key to invest into a real estate, atleast 10-15 lakhs," said one user. "As far as I know , some smart players made huge money in the booming Mumbai market , while May lost their shirts and pants in this game , since 2000s. So it is not something new . This was aided by the game of the builder financing your emi ( many ended up paying only emi and possession was a distant dream). There was a tacit support from banks also when disbursements were made not strictly on the basis of the progress of the project , aiding the unscrupulous promoters to divert the money instead of completing the project. My expectation from a responsible advisor like you is that such products are not recommended even with warning. People tend to ignore the warning or may not even understand the same," added another user.