Latest news with #Consortium
New Indian Express
18 hours ago
- Politics
- New Indian Express
CLAT PG aspirant moves Delhi HC against ‘arbitrary' counselling fees
NEW DELHI: A candidate who appeared for the Common Law Admission Test (CLAT) PG has approached the Delhi High Court challenging the high counselling fees levied by the Consortium of National Law Universities, calling them arbitrary and unaffordable for many aspirants. The petition, filed by Jatin Shrivastava, who secured the 474th rank in the entrance exam, argues that the mandatory counselling fee of Rs 30,000, along with additional charges for freezing or confirming seats, is unjust and disproportionate. The matter was mentioned on Friday before the vacation bench of Justices Prathiba M Singh and Rajneesh Kumar Gupta, who have listed it for hearing on June 23. According to Shrivastava's plea, the Consortium demands Rs 20,000 as confirmation fees for every round of counselling, which must be paid afresh each time a candidate chooses to freeze their allotted seat. The petition contends this practice lacks justification, particularly as the financial capacity of students is not assessed before levying such charges. 'That Clause 2 - 'Admissions Counselling process', vide Clause 2.1 titled as 'freeze option' of which, whenever any candidate participant intends to apply for 'freeze option', he is required to deposit a 'non-refundable confirmation fees' of Rs 20,000/- at the time of opting for freezing of any seat,' the plea read.
Business Times
2 days ago
- Business
- Business Times
Hong Kong developer sells HK$538 million luxury mansion at a loss
HONG Kong developer Chuang's Consortium International is selling a luxury mansion in the upscale Deep Water Bay area at an almost 20 per cent discount, as it seeks cash in a fragile property market. The house at 37 Island Road is being sold to Annex W Group, a British Virgin Islands vehicle owned by Wu Jingtao, for no more than HK$538 million (S$11.6 million), according to a filing to the Hong Kong stock exchange late on Thursday. Chuang's Consortium will record a loss of HK$143.2 million, mainly due to accounting treatment based on the market valuation rather than the cost of development, it said in the filing. The sale would become the third-largest transaction for a new home in Hong Kong this year, after a HK$1 billion villa in the Mont Verra project and a HK$609 million penthouse at Mount Nicholson, according to property database EPRC. Chuang's said the main reasons for the sale included a need to improve the group's liquidity, uncertainty in the Hong Kong property market and the global political environment, and thin transaction volumes for luxury property, according to the filing. The developer, which specialises in high-end projects, is known for selling a mansion to mainland Chinese tycoon Chen Hongtian for more than HK$2 billion in 2016. The house was seized after Chen defaulted on a loan, and was recently on the market for 60 per cent lower than its purchase price. BLOOMBERG
Business Wire
5 days ago
- Business
- Business Wire
Geospace Technologies Corporation Receives Permanent Reservoir Monitoring Contract From Petrobras
HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) ('the 'Company") today announces a Permanent Reservoir Monitoring contract award for Mero Fields 3 and 4 from Petrobras, operator of the Mero field Consortium. The contract encompasses the supply and installation of nearly 500km of the OptoSeis® Permanent Reservoir Monitoring (PRM) system covering 140 sq km of seabed area of Mero, located deep offshore in the Santos Basin, 180 kilometers off the coast of Rio de Janeiro, Brazil. The contract encompasses the supply and installation of nearly 500km of the OptoSeis® Permanent Reservoir Monitoring (PRM) system covering 140 sq km of seabed area of Mero, located deep offshore in the Santos Basin. Share This multi-year contract, which begins in June 2025, includes the engineering, procurement, construction, and operation of the OptoSeis® PRM system. The contract also includes installation, which is to be completed by Blue Marine Telecom, a Brazilian subsea cable company. The OptoSeis® system will be used to monitor and optimize oil production from the Mero field. The PRM system is based on the OptoSeis® technology developed by PGS and acquired by Geospace in 2018. OptoSeis® technology was previously deployed as the world's first deepwater PRM system on the Jubarte field more than a decade ago, providing excellent 4D results, a more accurate reservoir model and improved drilling decisions. OptoSeis® multicomponent sensors recover more seismic energy by leveraging their high dynamic range, wide bandwidth, superior fidelity, low crosstalk, and pressure balanced design. With a system noise floor well below offshore environments, the OptoSeis® system provides superior data quality as compared to other technologies. The operations of the unitized Mero field are conducted by the Consortium operated by Petrobras, in partnership with Shell Brasil, TotalEnergies, CNODC, CNOOC and Pré-Sal Petróleo S.A (PPSA), as the Brazilian Government's representative in the non-contracted area. 'We are delighted to be selected by Petrobras and their partners as the technology of choice to deploy over 490 km of our OptoSeis® PRM system in deep waters off the coast of Brazil. We look forward to our collaboration over the coming years on this most important and valuable project to maximize and improve the efficiency of reservoir management,' said Rich Kelley, CEO and President of Geospace. 'I offer tremendous congratulations to the technical teams involved in this thorough process from the earliest conversations, through the tender response all the way to contract negotiations and closure. I also want to thank all of our partners that supported us during this process. We look forward to delivering a reliable, robust and permanent solution of value to Petrobras.' About Geospace Technologies Geospace Technologies is a global technology and instrumentation manufacturer specializing in advanced sensing, IOT and highly ruggedized products, which serve smart water, energy exploration, industrial, government and commercial customers worldwide. The Company's products blend engineering expertise with advanced analytic software to optimize energy exploration, enhance national and homeland security, empower water utility and property managers, and streamline electronic printing solutions. With more than four decades of excellence, the Company's more than 450 employees across the world are dedicated to engineering and technical quality. Geospace is traded on the U.S. NASDAQ stock exchange under the ticker symbol GEOS. For more information, visit
Yahoo
5 days ago
- Business
- Yahoo
Geospace Technologies Corporation Receives Permanent Reservoir Monitoring Contract From Petrobras
HOUSTON, June 16, 2025--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) ("the "Company") today announces a Permanent Reservoir Monitoring contract award for Mero Fields 3 and 4 from Petrobras, operator of the Mero field Consortium. The contract encompasses the supply and installation of nearly 500km of the OptoSeis® Permanent Reservoir Monitoring (PRM) system covering 140 sq km of seabed area of Mero, located deep offshore in the Santos Basin, 180 kilometers off the coast of Rio de Janeiro, Brazil. This multi-year contract, which begins in June 2025, includes the engineering, procurement, construction, and operation of the OptoSeis® PRM system. The contract also includes installation, which is to be completed by Blue Marine Telecom, a Brazilian subsea cable company. The OptoSeis® system will be used to monitor and optimize oil production from the Mero field. The PRM system is based on the OptoSeis® technology developed by PGS and acquired by Geospace in 2018. OptoSeis® technology was previously deployed as the world's first deepwater PRM system on the Jubarte field more than a decade ago, providing excellent 4D results, a more accurate reservoir model and improved drilling decisions. OptoSeis® multicomponent sensors recover more seismic energy by leveraging their high dynamic range, wide bandwidth, superior fidelity, low crosstalk, and pressure balanced design. With a system noise floor well below offshore environments, the OptoSeis® system provides superior data quality as compared to other technologies. The operations of the unitized Mero field are conducted by the Consortium operated by Petrobras, in partnership with Shell Brasil, TotalEnergies, CNODC, CNOOC and Pré-Sal Petróleo S.A (PPSA), as the Brazilian Government's representative in the non-contracted area. "We are delighted to be selected by Petrobras and their partners as the technology of choice to deploy over 490 km of our OptoSeis® PRM system in deep waters off the coast of Brazil. We look forward to our collaboration over the coming years on this most important and valuable project to maximize and improve the efficiency of reservoir management," said Rich Kelley, CEO and President of Geospace. "I offer tremendous congratulations to the technical teams involved in this thorough process from the earliest conversations, through the tender response all the way to contract negotiations and closure. I also want to thank all of our partners that supported us during this process. We look forward to delivering a reliable, robust and permanent solution of value to Petrobras." About Geospace Technologies Geospace Technologies is a global technology and instrumentation manufacturer specializing in advanced sensing, IOT and highly ruggedized products, which serve smart water, energy exploration, industrial, government and commercial customers worldwide. The Company's products blend engineering expertise with advanced analytic software to optimize energy exploration, enhance national and homeland security, empower water utility and property managers, and streamline electronic printing solutions. With more than four decades of excellence, the Company's more than 450 employees across the world are dedicated to engineering and technical quality. Geospace is traded on the U.S. NASDAQ stock exchange under the ticker symbol GEOS. For more information, visit View source version on Contacts Media Contact: Caroline Kempf, ckempf@ 713.986.8710 Sign in to access your portfolio
Hindustan Times
11-06-2025
- General
- Hindustan Times
CLAT PG Counselling 2025: Instructions out at consortiumofnlus.ac.in, registration begins today
Consortium of National Law Universities has released the instructions for CLAT PG Counselling 2025. The registration process has started today, June 11, 2025. Candidates can apply online through the official website of Consortium of National Law Universities at As per the instructions released, the eligible candidates will be invited to participate in the Admissions Counselling Process in accordance with the rank list and the admissions matrix provided by each NLU. The registration process will end on June 13, 2025. Candidates must login to their CLAT account on the website of the Consortium of NLUs (the 'Consortium') and validate that they have been invited for counselling during each round. To register for the counselling round, candidates can follow the steps given below. 1. Visit the official website of Consortium of National Law Universities at 2. Click on login link and enter the login details. 3. Once done, candidates will have to fill the application form. 4. Make the payment of application fee. 5. Click on submit and download the confirmation page. 6. Keep a hard copy of the same for further need. Candidates should provide a minimum of 15 preferences. You can provide more preferences also. The counselling registration fee for general category is ₹30000/- and ₹20000/- for ST/ SC/ OBC/ BC/ EWS/ PWD categories. Payments can only be made online after logging in to the CLAT 2025 portal through the Consortium website.
