ONGC gets govt’s approval to invest ₹10,501 cr in OPaL; here’s how stock reacts
With this additional investment, OPaL will become subsidiary of ONGC with 95.69% equity stake.
oil and gas
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ONGC shares snap 2-session losses; jump 4% post Q1
The share price of the oil and gas major has fallen nearly 10% in the past two sessions.
Windfall tax on petroleum crude hiked 84% to ₹6,000 per MT
Of the stocks included in the Nifty Oil & Gas index,13 are on the rise today, with Adani Total Gas and Oil India up 4.10% and 2.52%, respectively.
Oil stocks rally; BPCL, HPCL, IOC hit 52-week highs
Among other state-owned OMCs, Oil India, GAIL (India), ONGC shares surged up to 4% amid strong volume trade.
Q3 results: Oil and gas cos to see strong sequential growth in Dec quarter
OMCs such as IOCL, BPCL, and HPCL are likely to swing back to the black, thanks to sharp narrowing of marketing losses on retail fuels and steady GRMs.
This PSU declares 135% dividend; share hits 4-month high
The public sector oil and gas major has declared an interim dividend of ₹6.75 on each equity share of ₹5, resulting in a total payout of ₹8,492 crore.
Fortune India 500: The pain before Covid-19
Total profits of the Fortune India 500 companies declined nearly 22% over the previous year, while cumulative revenues fell by 1.4%.
What makes PSUs the jewels of Fortune India 500
Public sector companies, in many ways, are the true jewels of the 500 list, and prove to be the best bets for those who want to earn steady returns on investments in the form of equity dividends.
Global demand for LNG grew by 12.5% in 2019: Shell
Oil major Shell’s latest annual LNG Outlook talks about the growing importance of gas as an energy source as the world moves towards a low-carbon emission economy.
How Mukesh Ambani is rewriting RIL’s future
After two decades of relentlessly investing huge cash flows to create commodity-driven, asset-heavy businesses, the Reliance Industries chairman is thinking IPs, partnerships and, of course, data.
