The Last-Ditch Effort to Stop the Mountain Valley Pipeline
The gas pipeline stretching across Virginia and West Virginia is over budget and behind schedule, with a lot of hard work left to do. Opponents hope that makes fossil fuel companies think twice about building the next one. Key Points
WIREDThe Last-Ditch Effort to Stop the Mountain Valley Pipeline
The gas pipeline stretching across Virginia and West Virginia is over budget and behind schedule, with a lot of hard work left to do. Opponents hope that makes fossil fuel companies think twice about building the next one. Key Points
WIREDRussia-backed Pakistan’s proposed gas pipeline hit major roadblock
Pakistan's Russia-backed gas pipeline project has faced a significant setback, with Pakistan appearing to slow down the project due to U.S. pressure. A meeting in Moscow led to heated discussions, raising doubts about the project's future. The pipeline was intended to construct a liquefied natural gas (LNG) pipeline from Karachi to Lahore, addressing gas shortages in Pakistan's Punjab province. Key Points
Economic TimesHelium leakage detection technology to be implemented in Delhi to address problem of contaminated water: Minister
The technology involves injecting helium gas into a pipeline and then conducting drilling at multiple locations. If there is a leak in the pipeline, the gas will escape and rise to the surface, allowing technicians to precisely pinpoint the location of the leak. Key Points
FirstpostWhat to expect from TCS and rest of IT sector this earning season? Moshe Katri explains
IT is expected to have a better earnings setup than feared in the coming quarters, with the Street looking for 8-10% growth. This optimism is based on Accenture's spectacular bookings and record pipelines reported by ISG. However, macroeconomic instability, particularly around the BFSI industry, remains a concern. In terms of TCS, the critical factors to watch out for are pipeline conversion, sales cycles, and pricing. Key Points
Economic Times
BMC wants MIDC to recover Rs 75-cr fine from contractor for damaging pipeline
After the pipeline was damaged for the second time on March 30, the BMC had written to the TMC, seeking penalty from the contractor. This letter (accessed by The Indian Express) was sent to TMC on March 31. Key Points
The Indian ExpressPM Modi, Sheikh Hasina inaugurate Rs 377-crore diesel pipeline to Bangladesh
Currently, diesel is supplied to Bangladesh through a 512-km rail route. The 131.5-km pipeline will supply up to 1 million tonnes per annum of diesel from Numaligarh in Assam to Bangladesh. Key Points
Economic Times‘Numbers weak but pipeline strongest ever,' says HCLTech CFO; company to defer hikes for senior employees
The CFO believes that the strong pipeline would reflect in numbers in the second half of the current fiscal. “Despite the weak Q1, our guidance remains unchanged at 6-8 per cent for the company level and 6.5-8.5 per cent for services. We are confident in our pipeline, which is expected to deliver good revenue in the second half,” Aggarwal noted. Key Points
Business Today10 days after Uttarkashi tunnel collapse, first visuals of the 41 workers trapped inside released
Visuals were captured using an endoscopic camera sent via an alternative 6-inch food pipeline. Workers in yellow & white helmets are seen receiving food items, talking to each other. Key Points
ThePrintAmmonia gas leaks from Chennai fertiliser unit, people experience unease; hospitalised
According to the Tamil Nadu Environment and Forest Department, a communication was received from the unit at 12.45 a.m. about the ammonia gas leakage that occurred during the pipeline's pre-cooling operation Key Points
Firstpost
12 hospitalised after Ammonia gas leak at Chennai fertiliser unit. Police say situation 'stabilised'
Leak, caused by rupture in underwater pipeline, was detected Tuesday. Several residents demand free medical camp & legal action in case of irregularity in facility's functioning. Key Points
ThePrintContrarian play? 5 IT service & product stocks with up to 30% upside potential
After being in the front leading the stock market rally during covid, software stocks have been witnessing correction in their valuations for more eighteen months. In August 2021, they had “ buy and strong buy” written all over it. It appeared that nothing wrong could happen with the software sector when it comes to the demand pipeline. By August 2023, more than half the companies have “ hold or sell “ recommendations. Neither expectation of 2021 turned correct, neither the fear of 2023 may turn correct Key Points
Economic Times‘No ordinary person could’ve done it’ — leak in Finland-Estonia gas pipeline spurs tension in Baltic
Early Sunday morning, pressure dropped drastically in Balticconnector pipeline. An undersea telecommunications cable connecting Finland with Estonia was also damaged. Key Points
ThePrintPM inaugurates, lays foundation stone of projects worth over Rs 19,100 crore in Bulandshahr
Prime Minister Narendra Modi launched development projects worth over Rs 19,100 crore in Bulandshahr district, Uttar Pradesh. The projects include a 173-km-long double-line electrified section on the dedicated freight corridor, rail line connectivity improvements, road projects, and the inauguration of Indian Oil's Tundla-Gawaria pipeline. Key Points
Economic TimesTunnel collapse: Rescuers insert 6-inch-wide pipe through rubble to send more food to trapped workers
The new pipeline will allow food items like roti and sabji to be sent to the workers. Earlier, a four-inch tube was being used to supply food like dry fruit and medicines and oxygen into the section of the tunnel beyond the rubble. Key Points
Economic Times
Russia may lift ban on pipeline diesel exports in coming days
The Russian government is prepared to ease restrictions on diesel exports to some extent in the near future. This easing of the ban would apply exclusively to diesel exports through pipelines and might include limits on the quantities exported to prevent sudden increases in wholesale prices. However, the prohibition on gasoline exports will continue to be in effect for the time being. Key Points
Economic TimesContra Bets: 5 software stocks with an upside potential of up to 29%
In 2021, software stocks were doing very well, the narrative was that the global wave of digitisation and moving to the cloud will ensure that the deal pipe for the Indian software sector will remain robust for many years. Today in 2023, the narrative is that valuations are expensive and the deal pipeline has slowed. So, does there lie an opportunity to take a contrarian bet? Key Points
Economic TimesEarnings season held up well; positive on Cipla and Sun Pharma: Mayuresh Joshi
The BFSI space has held up well. Midcap IT has produced another quarter of stupendous earnings and management commentaries are pointing out towards no damage to probably come from either the pricing action or demand dynamics at least at this juncture. A few of the capital good companies obviously have reported a strong set of numbers and though cement companies have disappointed, the reason is obvious. Q2 is expected to be weak for monsoons. Key Points
Economic TimesPVR rises on big box-office run, likely to see more gains
The stock declined 0.7% to ₹1,698 on Tuesday. Earlier this week, PVR surged to ₹1,744 - the highest level in nearly seven months. Cinema exhibitors have had a turbulent ride in the last three-four years on account of a prolonged shutdown due to the Covid-19 pandemic, audiences' hesitancy to venture into crowded places, a weak content pipeline and dominance of OTT (over-the-top) platforms. Key Points
Economic TimesAll eyes on General Elections 2024: Road construction to be ramped up by 16-21%
The central government intends to accelerate the construction of roads in FY24 by 16-21% to 12,000-12,500 km, with a healthy pipeline of projects and an increase in capital expenditure outlay, a report by ICRA said. Prime Minister Narendra Modi-led government in its last budget before the general elections of 2024 announced a substantial increase in capex allocation, with Rs 10 lakh crore figured in for FY24, up 37.4% from the previous fiscal. Key Points
Economic Times
India's pharma, meditech exports expected to sustain momentum despite global slowdown: Official
India's pharmaceutical and meditech exports continue to grow despite global economic slowdown, with robust double-digit growth. Government-backed drug development initiatives have 16 blockbuster molecules in the pipeline for cancer, diabetes, HIV, and more. The industry is also expanding in imaging devices, body implants, and diagnostics. Key Points
Economic TimesPM Modi announces formation of National Turmeric Board during his Telangana visit
During his visit to Telangana, Prime Minister Narendra Modi announced the formation of a National Turmeric Board to support turmeric farmers. India is a major producer and exporter of turmeric, and the board will help farmers market their produce and take advantage of increased global demand. Key Points
Economic TimesMultiplexes pipeline strong in Q1FY24; Bholaa, PS-2, F10, Jawan, and 3 other movies may clock ₹100 cr mark
Brokerage believes the pipeline for multiplexes look strong in the first quarter of FY24 as seven movies are likely to clock the ₹100 crore mark. These seven movies are — Bholaa, Kisi Ka Bhai Kisi Ki Jaan, PS-2, Fast & Furious 10, Jawan, Adipurush, and Maidaan. Key Points
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