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India's crude oil production falls 3.8% in July on lower output from field operated by ONGC, private sector firms
Business

India's crude oil production falls 3.8% in July on lower output from field operated by ONGC, private sector firms

Production of crude oil, which is refined to produce fuels such as petrol and diesel, fell to 2.45 million tonnes in July from 2.54 million tonnes a year back

ONGC signs deal with ExxonMobil for deepsea exploration in India
World

ONGC signs deal with ExxonMobil for deepsea exploration in India

ONGC signs deal with ExxonMobil for deepsea exploration in India

Supreme Court issues notices to Centre, ONGC on appeal of Vedanta Ltd related to Barmer oil field in Rajasthan
India

Supreme Court issues notices to Centre, ONGC on appeal of Vedanta Ltd related to Barmer oil field in Rajasthan

Vedanta Ltd has moved the top court against the 26 March judgement of a division bench of the Delhi High Court setting aside a single judge order directing the Centre to extend till 2030 its PSC with Vedanta Ltd and ONGC to produce oil from the Barmer oil field

Centre slashes windfall tax on fuel: Reliance Industries shares climb over 4%, ONGC jumps 7%
Business

Centre slashes windfall tax on fuel: Reliance Industries shares climb over 4%, ONGC jumps 7%

The government on Wednesday slashed the windfall tax on petrol, diesel, jet fuel and crude oil following a decline in international rates. It scrapped Rs 6 a litre tax on export of petrol and reduced the same on ATF from Rs 6 a litre to Rs 4

4 killed, 5 rescued as ONGC helicopter makes emergency landing in Arabian Sea
India

4 killed, 5 rescued as ONGC helicopter makes emergency landing in Arabian Sea

A brand new Pawan Hans' Sikorsky chopper with 9 people on board crashed into the Arabian Sea on Tuesday, killing four people — including three ONGC employees.

ONGC's net profit rises to Rs  40, 306 crore; soars 258%
Business

ONGC's net profit rises to Rs 40, 306 crore; soars 258%

ONGC said net profit for the fiscal FY22 (April 2021 to March 2022) soared 258 per cent to Rs 40,305.74 crore from Rs 11,246.44 crore in the previous financial year

Sanctions on Russia may result in impairment losses for Indian energy companies, says Moody's
Business

Sanctions on Russia may result in impairment losses for Indian energy companies, says Moody's

Indian firms have invested $16 billion in Russian assets such as the Sakhalin-1 oil and gas field in the far east

Market update: As Sensex, Nifty begin volatile trading session, here are some stocks to watch for
Business

Market update: As Sensex, Nifty begin volatile trading session, here are some stocks to watch for

Sensex and Nifty incurred losses of 0.72 per cent and 0.79 per cent respectively to settle the day at 17,617.15 and 59,037.18 on Friday

Alka Mittal becomes the first woman to head ONGC as chairman and managing director
Business

Alka Mittal becomes the first woman to head ONGC as chairman and managing director

The public sector firm had been functioning without a chief since the retirement of its incumbent CMD Subhash Kumar on 31 December, 2021

Supreme Court irked over ONGC's approach to arbitration, asks AG to resolve
India

Supreme Court irked over ONGC's approach to arbitration, asks AG to resolve

The former judge, in the letter, said, I find it embarrassing to continue as a member of the Tribunal and the Claimant can't alone be asked to pay a fee decided by the Tribunal

Reliance tops India Inc in world's best employer rankings 2021; Samsung number one globally
Business

Reliance tops India Inc in world's best employer rankings 2021; Samsung number one globally

Other Indian names in the top 100 rankings were ICICI Bank at 65, HDFC Bank at 77 and HCL Technologies at 90, according to the Forbes ranking

ULFA(I) releases abducted ONGC employee Ritul Saikia after Himanta Biswa Sarma's intervention
India

ULFA(I) releases abducted ONGC employee Ritul Saikia after Himanta Biswa Sarma's intervention

Two other ONGC employees, who were kidnapped along with Saikia on 21 April, were rescued by security forces on 24 April after an encounter

Captain of barge P305 chose to not move away from Cyclone Tauktae’s path, says survivor
India

Captain of barge P305 chose to not move away from Cyclone Tauktae’s path, says survivor

Three barges, an anchor handling boat and a drillship lost anchors and drifted away as the cyclone skirted the western coast

Sunk barge P-305's captain ignored cyclone warning, says vessel's chief engineer rescued by Indian Navy
India

Sunk barge P-305's captain ignored cyclone warning, says vessel's chief engineer rescued by Indian Navy

In a video, the chief engineer blamed the barge's captain Balwinder Singh, who is among the 26 people still missing, and the client for the death of the crew members

Cyclone Tauktae: 49 dead on sunk barge P-305, search on for 37 missing; over 600 ONGC staff rescued
India

Cyclone Tauktae: 49 dead on sunk barge P-305, search on for 37 missing; over 600 ONGC staff rescued

The missing workers include 26 who were on the barge P-305 when it sunk off the Mumbai coast on Monday, while the remaining 11 are from an achor boat named Varaprada

Cyclone Tauktae: NCP demands strict action over failure to evacuate personnel from barge P305
India

Cyclone Tauktae: NCP demands strict action over failure to evacuate personnel from barge P305

In a series of tweets, Maharashtra minority affairs minister Nawab Malik questioned why ONGC didn't pay heed to warnings and brought the workers to the shore

India loses Farzad-B gas field: US sanctions dull New Delhi's sharpness in diplomacy with Tehran
India

India loses Farzad-B gas field: US sanctions dull New Delhi's sharpness in diplomacy with Tehran

This comes just a year after Iranian government in July 2020 decided to go it alone in the Chabhar railway project which was being discussed between the Iranian Railways and the State-owned Indian Railways Construction Ltd

Petroleum ministry tells ONGC to sell oilfields, hive off drilling and other services into separate firm
India

Petroleum ministry tells ONGC to sell oilfields, hive off drilling and other services into separate firm

This is the third attempt by the oil ministry to get ONGC to privatise its oil and gas fields under the government of Prime Minister Narendra Modi

Sensex reclaims 50,000-benchmark amid hectic buying in IT, auto, FMCG sectors; Nifty ends in green
Business

Sensex reclaims 50,000-benchmark amid hectic buying in IT, auto, FMCG sectors; Nifty ends in green

The top five gainers were Tata Motors, M&M, Wipro, Adani Ports and NTPC, while the top losers were ONGC, HDFC, Dr Reddy’s Labs, Coal India and Power Grid Corp

Market roundup: Sensex falls to 49,099.99, Nifty settles at 14,529.15 amid sell-off before release of Dec GDP data
Business

Market roundup: Sensex falls to 49,099.99, Nifty settles at 14,529.15 amid sell-off before release of Dec GDP data

All the shares in the BSE Sensex closed in red on Friday with ONGC being the top loser, shedding 6.6 percent, followed by Mahindra & Mahindra, Bajaj Finserv, and Axis Bank