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Indian Oil Corp's Q4 net drops 33 percent to Rs 6,285 crore on lower refining margins

May 29, 2015

Indian Oil Corp's Q4 net drops 33 percent to Rs 6,285 crore on lower refining margins

IOC's consolidated net profit for 2014-15 was Rs 4,912.02 crore compared to Rs 7,085.59 crore in 2013-14 #BSE #Dividend #Indian Oil Corp #gross refining margin
Indian Oil to infuse Rs 1,000 cr CPCL, plans expansion

May 25, 2015

Indian Oil to infuse Rs 1,000 cr CPCL, plans expansion

While CPCL shares closed 19.98 percent up at Rs 108.40 per scrip on the Bombay Stock Exchange (BSE), IOC shares ended 0.23 percent down at Rs 348.05 apiece. #Business #Indian Oil #CompanyWatch #corporate #Chennai Petroleum Corporation
ONGC, OIL free from subsidy if average oil price is $60/barrel

May 22, 2015

ONGC, OIL free from subsidy if average oil price is $60/barrel

The difference between the cost and the retail selling price is borne by the government by way of cash subsidy and upstream producers like ONGC and Oil India. #Economy #NewsTracker #ONGC #GAIL #LPG #Kerosene #Oil India #Fuel Subsidy #Dinesh K Sarraf #Ratan Watal
Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

May 22, 2015

Finance ministry sanctions Rs 5,223 cr fuel subsidy for IOC, BPCL

The fuel retailers had lost a total of Rs 72,314 crore on selling diesel (up to 17 October), LPG and kerosene at government rates, which were way below cost in 2014-15. #finance ministry #NewsTracker #ONGC #Indian Oil #LPG #Diesel #Kerosene #Hindustan Petroleum #Bharat Petroleum #Oil India #Fuel Subsidy
Finance ministry plans revamped CPSE ETF by October; EPFO, NPS to park fund

May 21, 2015

Finance ministry plans revamped CPSE ETF by October; EPFO, NPS to park fund

The government had first launched a CPSE ETF, comprising scrips of 10 PSUs, in March 2014 under which retail investors have to invest a minimum of Rs 5,000 to buy units. #Disinvestment #NewsTracker #SEBI #Indian Oil #EPFO #NPS #Oil India #Engineers India #Rural Electrification Corp. #Power Finance Corp #CPSE Exchange Traded Fund #National Pension System #container corp #Bharat Electronics

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After Deng-isms, some Teddy-isms for our next Prime Minister

Feb 25, 2014

After Deng-isms, some Teddy-isms for our next Prime Minister

Theodore 'Teddy' Roosevelt was also called the "trust buster", smashing Americas "robber baron" monopolies with ruthless reforms. #Anna Hazare #United States #InMyOpinion #Sanitation #Fareed Zakaria #Woodrow Wilson #Theodore Roosevelt #Standard Oil
Six months of diesel price reforms and result is zero

Jul 23, 2013

Six months of diesel price reforms and result is zero

Thanks to super-slow reforms on energy pricing, India's CAD woes and the rupee will be under continuous pressure till the government opts for big bang change #P. Chidambaram #oil pricing #diesel prices #energy reforms #V Moily