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Centre seeks Rs 15,546 cr fuel subsidy from upstream firms

Jul 31, 2014

Centre seeks Rs 15,546 cr fuel subsidy from upstream firms

Fuel retailers IOC, HPCL and Bharat Petroleum Corp Ltd (BPCL) sell diesel, domestic LPG and kerosene at government controlled rates which are way below the cost. #Economy #NewsTracker #Oil Ministry #ONGC #Indian Oil #LPG #Hindustan Petroleum #Oil India #Fuel Subsidy #GAIL India
Disinvestmnent department seeks OFS route to divest in PSUs

Jul 28, 2014

Disinvestmnent department seeks OFS route to divest in PSUs

The OFS is the most preferred route for stake sale and has evoked good response from investors and hence the government has decided to stick to it, sources said. #Economy #ThisisNext #finance ministry #coal india #SEBI #ONGC #REC #Department of Disinvestment #Offer for sale
ONGC to speed up development of KG gas finds

Jul 22, 2014

ONGC to speed up development of KG gas finds

ONGC chairman and managing director Dinesh K Sarraf recently held an on-site review meeting of Block KG-DWN-98/2 or KG-D5 and fixed 1 April, 2018 as date for start of production. #ONGC #CompanyWatch #Krishna Godavari Basin #Dinesh K Sarraf
Govt considers selling 5% stake in ONGC, say sources

Jul 15, 2014

Govt considers selling 5% stake in ONGC, say sources

If completed, the sale would raise nearly a third of the target for privatisation revenues announced last week in Prime Minister Narendra Modi's first budget, which seeks to curb the fiscal deficit and nurse the weak economy back to health. #India #Disinvestment #BJP #Narendra Modi #oil #ONGC
RBI eases overseas investment norms for Indian corporates

Jul 03, 2014

RBI eases overseas investment norms for Indian corporates

The financial commitment should be limited within 400 percent compared to earlier level of 100 percent of the net worth as per the last audited balance sheet of the company, it said. #Business #Investing #RBI #PolicyWatch #ONGC Videsh #Oil India #Overseas investment

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Memo to Sebi: Is govt licensed to rob minority investors?

Sep 26, 2011

Memo to Sebi: Is govt licensed to rob minority investors?

If a private group were to happily transfer money from one company to another Sebi would pounce on them. Why isn't it doing so with government companies? #ONGC #Indian Oil #GAIL #Thats Just Wrong #BPCL #HPCL #Oil India

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Memo to Sebi: Is govt licensed to rob minority investors?

Jul 21, 2014

ONGC reports offshore gas leak

Daniel J. Graeber NEW DELHI, July 21 (UPI) -- India's Oil and Natural Gas Corp. said operations at a natural gas field off the country's coast were halted after it observed a gas release... #India #New Delhi