Gold heads for weekly gain Market Moneycontrol News 

Gold heads for weekly gain as US stocks slide

Gold headed for a weekly advance as US equities fell after Meta Platforms, Inc. suffered a historic share-price rout, while investors awaited a key jobs report for more clues on the US Federal Reserve’s (Fed’s) monetary policy path. The Facebook parent plunged 26 percent on Thursday on the back of woeful earnings results, erasing about $251 billion in market value in the biggest one-day wipeout for any US company. Concerns over tightening monetary policy also contributed to the worst slide for American technology shares since 2020. Still, US equity futures rose on Friday as,…

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Alka Mittal becomes first woman to head ONGC as CMD Moneycontrol News 

Alka Mittal becomes first woman to head ONGC as CMD

Alka Mittal, director of human resources at energy major Oil and Natural Gas Company (ONGC), has been given the additional charge of chairman and managing director, the company announced on January 3. With this appointment, Mittal has become the first woman ever to head ONGC as its CMD. She will hold the post for six months or until a regular appointment for the position is announced, whichever is earlier. ONGC has not had a full-time chairman and managing director since former chief Shashi Shanker retired on March 31, 2021. Typically, the government select…

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