Delhi once again awarded as the favorite destination for shopping
New Delhi has been awarded as the Best Destination for Shopping by lonely Planet Magazine India Travel Awards 2018 at a glittering ceremony held at the St. Regis hotel in Mumbai on May 17. Sudhir Sobti, Chief Manager, PR & Publicity, Delhi Tourism received the award during the ceremony among the top industry professionals. The lonely Planet Magazine invited the country's elite travelers to choose their favorite destinations and most favored travel experiences along with the jury of travel experts and professionals. The readers voted online in large numbers across various categories, to celebrate the best in travel.
ONGC Team summits Mt Kanchenjunga
A team of ONGC has successfully summited the third highest and most challenging peak, Mt Kanchenjunga. The first group comprising five ONGC employees completed the mission on May 20, while the second group of four ONGC employees and one Indian Mountaineering Foundation member summited the peak on Tuesday. With this, ONGC, whose team also scaled the Everest last year, becomes the first Corporate in the world to accomplish this difficult and unique feat. The team attempted the summit in 2 groups, with the first group, scaling the peak at around 8:15 am Nepal Time on May 20, and the second group scaling the peak on Tuesday at around 3:40 am Nepal Time.
Oriental Insurance Company ltd. posts PAT of Rs 1510 cr for FY18
The Oriental Insurance Company ltd. has posted a PAT of Rs 1510 Crores for FY 2018 as against losses of Rs 1691 Crores for FY 2017. It recorded a Global Premium of Rs 11737 Crores with about 6% Growth. OIC, which cleaned up the Balance Sheet as at 31.03.2017, by absorbing in ‘ONE-GO' the entire liabilities based on Actuarial Best Estimates of Ultimate losses, has significantly effected a remarkable turnaround. Its Combined Ratio has moved down from 148% in FY 2017 to 118% in FY 2018. Solvency Margin has moved upto 167% (from 111% - FY 2017) against a requirement of 150%. This was achieved by cutting down Growth in unviable Group Commercial Health Insurance & such other segments and increasing its retail spread.
Petronet lng ltd processed highest ever lNG in FY18
During FY 2017-18, the Company's Dahej Terminal operated at 107% of its nameplate capacity and processed highest ever lNG quantities of 816 TBTU, which is 14% above the lNG quantities processed in FY 2016-17, i.e. 714 TBTUs. The overall quantities processed by the Company in FY 2017-18 was 848 TBTU as compared to 728 TBTU processed in 2016-17, registering a growth of 16%. During the quarter ended 31st March, 2018 (current quarter), Dahej terminal operated at around 109% of its name plate capacity and processed 207 TBTU of lNG which is 17% higher than the lNG quantities processed during the corresponding quarter i.e. 177 TBTU. The overall lNG volume processed by the Company in the current quarter was 213 TBTU, registering a growth of 18% over the lNG volume processed in thecorresponding quarter, which stood at 180 TBTU.