GAIL said it had refuted the provisional assessment orders of DoT and sought its withdrawal.
Markets end in green: Sensex rises over 230 points on gains in banking, finance, auto stocks; Nifty finishes at 9,270-mark
M&M was the top gainer in the Sensex pack, rallying over 5 percent, followed by Bajaj Finance, HDFC Bank, ICICI Bank, Bharti Airtel and Hero MotoCorp.
Coronavirus Outbreak: Oil PSUs to re-start over Rs 42,000 cr of projects as lockdown restrictions ease
State-owned oil firms will resume as many as 511 projects involving over Rs 42,000 crore of investment with immediate effect as the country partially exited from an unprecedented nationwide lockdown on Monday
Coronavirus Outbreak: LNG importers invoke force majeure as gas demand slumps amid nationwide lockdown
India’s top gas importer Petronet LNG served a force majeure notice on Qatargas and is seeking delayed delivery of cargoes, two sources said.
Tamil Nadu Dalit farmers say hydrocarbon projects snuffing out hopes of brighter future, vow to carry on fight
After the Tamil Nadu government acquired land for hydrocarbon projects, Dalits lost access to it
Govt detaches GAIL, OIL, other PSUs from AGR case after last month's Supreme Court order, says Union minister Sanjay Dhotre
The government has detached gas utility GAIL India, explorer Oil India and other PSUs from a Supreme Court order that had led to Rs 1.47 lakh crore being sought from telecom firms such as Bharti Airtel and Vodafone Idea in past dues, the Lok Sabha was informed on Wednesday
Former GAIL India chief BC Tripathi joins Essar's Mauritius-based oil, gas firm as non-executive chairman
EEPLM, through its subsidiary Essar Oil & Gas Exploration & Production Ltd (EOGEPL), is India's largest operator of unconventional hydrocarbon acreages located across key sedimentary basins in the country.
The DoT has sought Rs 7,608 crore in dues from GAIL India for 2017-18 as the department appeared to be not pressing for immediate payment of Rs 1.83 lakh crore in past dues it had previously assessed from the state-owned gas utility
Over Rs 1 lakh cr investment in oil, gas projects lined up in AP; to facilitate ease-of-living of citizens in state: Dharmendra Pradhan
The projects include Rs 26,264 crore modernisation of Visakhapatnam refinery by the second quarter of 2022-23, and Rs 68,000 crore in the development of offshore oil and gas fields, Pradhan said.
Sensex surges over 430 points, Nifty reclaims 12,100-mark on strong global cues; Tata Steel, Axis Bank among top gainers
Market benchmark Sensex rallied over 400 points in the opening session led by gains in index-heavyweights Reliance Industries, ICICI Bank and HDFC Bank.
AGR dues: Airtel, Vodafone Idea default on Rs 88,634 cr payment; DoT orders no coercive action against delay
Following the 24 Supreme Court October order, the DoT had sought Rs 1.47 lakh crore from Bharti Airtel, Vodafone Idea and 13 other telecom companies
AGR woes: Telecom dept slaps Rs 15,019 cr demand notice on Gujarat Narmada Valley Fertilizers and Chemicals
Gujarat Narmada Valley Fertilizers and Chemicals (GNVFC) has received a demand notice from the telecom department for payment of outstanding dues worth Rs 15,019 crore by 23 January, 2020
DoT seeks Rs 1.72 lakh crore from GAIL in telecom dues, amount sought several times net worth of natural gas processing firm
Representational image. Reuters Sources said the dues being sought are more than three times the net worth of GAIL and several times the actual revenue earned. The Supreme Court had on October 24 ruled that non-telecom revenues earned by firms using spectrum or airwaves allocated by the government will be considered for calculating statutory dues. While telcos such as Bharti Airtel and Vodafone Idea may have had non-telecom revenues generated from using the government licence and spectrum, firms such as GAIL had no such revenue
GAIL to supply PNG to 3 lakh households in Dehradun under city gas distribution project; work on project to begin in a month
As laying pipelines from Haridwar to Dehradun is likely to take some time, GAIL will supply PNG in the district for the time being through de-compressed units (DCUs) of which 4-5 will be set up in Dehradun,
Why Moody’s cut its India credit rating outlook, investors taking refuge in gold ETFs; all this and more on Moneycontrol Pro
Two years ago, Moody’s had upgraded India to Baa2 with a stable outlook from Baa3, the lowest investment rating.
Whistleblowers open a Pandora’s box in Infosys, is the worst over for FMCG sector; all this and more on Moneycontrol Pro
A few anonymous employees of Infosys have accused its CEO Salil Parekh and CFO Nilanjan Roy of unethical practices for many quarters.
The Union Cabinet may by next month consider a proposal to hive off state-run gas utility GAIL (India) Ltd's pipeline business into a separate entity but its sale to a strategic investor may not happen before 2022, sources privy to the development said
Fourth tranche of Bharat-22 ETF: Anchor investors put in Rs 13,500-cr bids, subscription soars 27 times
The ETF issue that opened on Thursday received subscriptions from investors like mutual funds, foreign portfolio investors, and insurance funds
An exchange-traded fund (ETF) is a basket of securities that trade on an exchange, just like a stock.
Does automobile sector need more sops, weak demand makes market tough for cement firms; all this and more on Moneycontrol Pro
The Indian automobile industry is down in the dumps, the likes of which it has not seen in two decades.