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ONGC hits 52-week high, Oil India jumps as crude oil soars amid Red Sea crisis

ONGC hits 52-week high, Oil India jumps as crude oil soars amid Red Sea crisis

Mon, Jan 29, 2024

Domestic brokerage Motilal Oswal Financial Services upgraded state-run OMC HPCL to ‘buy’ with a target of Rs 530, after the company reported its December quarter results.

There will be re-rating of the stock of this oil company due to the announcements in the budget, do SIP. Cheap stock in your budget

There will be re-rating of the stock of this oil company due to the announcements in the budget, do SIP. Cheap stock in your budget

Mon, Jan 29, 2024

'Cheap shares in your budget'... Get cheap budget shares with strong fundamentals... This stock will get a boost from budget announcements, why will the focus be on ONGaC in Budget 2024?

Hardeep Puri inaugurates ONGC Digital Corporate Visualisation Centre

Hardeep Puri inaugurates ONGC Digital Corporate Visualisation Centre

Thu, Jan 25, 2024

The inauguration was attended by Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas; Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT); and Arun Kumar Singh, Chairman and CEO, ONGC.

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Oil & Gas sector overdone with demonetisation fears: Edelweiss

Oil & Gas sector overdone with demonetisation fears: Edelweiss

Wed, Feb 22, 2017

The report mentioned that in the current quarter (Q4FY17), 9% rally in oil will drive upstream earnings and result in some inventory gains for downstream players.

Natural gas price likely to be hiked by 8%

Natural gas price likely to be hiked by 8%

Sun, Feb 19, 2017

Price of natural gas, used for generating power and making fertiliser and petrochemicals as well as CNG for automobiles, is likely to rise to $2.7 per million British thermal unit for the period from April 1, 2017 to September 30, 2017 from current $2.5 per mmBtu, industry sources said.

ONGC's $2.4 billion Mozambique deal under Oil Min scanner

ONGC's $2.4 billion Mozambique deal under Oil Min scanner

Sun, Feb 12, 2017

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), had in June 2013 bought 10% stake in the Offshore Area 1 from Videocon Group for $2.475 billion. This stake was later divided between OVL and Oil India Ltd in 60:40 ratio.

Is merging state-owned oil companies a good idea?

Is merging state-owned oil companies a good idea?

Tue, Feb 07, 2017

According to the Fitch report, there are 18 state-controlled oil companies in India, with at least six that can be considered key players.

Bluechip PSUs eye EPFO funds

Bluechip PSUs eye EPFO funds

Tue, Jan 10, 2017

"As of now, about seven PSUs came forward to take investments from us (EPFO). We received a communication from the Ministry of Finance to increase our investments in PSUs. The return may be higher than what we are getting now," said Labour Minister.

7 among top 10 companies lose Rs 44,928 crore in m-cap; SBI worst-hit

7 among top 10 companies lose Rs 44,928 crore in m-cap; SBI worst-hit

Sun, Dec 25, 2016

Seven of the 10 most valued companies took a combined hit of Rs 44,928 crore in their market valuation last week, with State Bank of India (SBI) reporting maximum losses, even as the benchmark Sensex lost 1.69%.

ONGC to buy 80% stake in GSPC's KG gas block for $995 million

ONGC to buy 80% stake in GSPC's KG gas block for $995 million

Sat, Dec 24, 2016

State-owned Oil and Natural Gas Corporation (ONGC) on Friday said it will acquire 80% stake in debt-laden Gujarat State Petrochemicals Corporation's (GSPC) KG basin gas block for $995.26 million (nearly Rs 6,621.22 crore).

Six of top 10 companies take Rs 38,221 crore hit in mcap; CIL loses most

Six of top 10 companies take Rs 38,221 crore hit in mcap; CIL loses most

Sun, Dec 18, 2016

Six of 10 most valued companies took a combined hit of Rs 38,221 crore in their market valuation last week, with Coal India Ltd (CIL) bringing up the maximum losses, as the benchmark Sensex lost nearly 1%.

Nine of top 10 firms add Rs 56,112 crore in m-cap; ONGC, Reliance Industries shine

Nine of top 10 firms add Rs 56,112 crore in m-cap; ONGC, Reliance Industries shine

Sun, Dec 11, 2016

The combined market valuation of nine of the top 10 most valued companies surged by Rs 56,112 crore last week, as the benchmark indices recorded their best gains since September 2, with ONGC and Reliance Industries Ltd (RIL) emerging as the biggest gainers.

ONGC to begin production from Ratna R-Series oil field in 2019

ONGC to begin production from Ratna R-Series oil field in 2019

Mon, Dec 05, 2016

The production from the Ratna and R-Series oilfield will be 10,000 barrels per day initially. The government had cancelled the contract of awarding it to Essar Oil.

ONGC crosses daily production target of 16,200 tonnes a day; revises annual goal

ONGC crosses daily production target of 16,200 tonnes a day; revises annual goal

Sun, Dec 04, 2016

State-run oil behemoth ONGC has crossed its daily production target of 16,200 tonnes per day and has accordingly revised its annual goal upward to 5.9 million tonnes for this fiscal.

Centre imposes Rs.10,000 crore penalty on RIL, partners

Centre imposes Rs.10,000 crore penalty on RIL, partners

Sat, Nov 05, 2016

RIL said, it will issue a notice of arbitration against what it called was a globally unprecedented and arbitrary decision.It said it carried out its activities within the boundaries of the block it operates and abided by the law.

CSR spends of 920 firms up nearly 28% to Rs 8,300 crore in 2015-16

CSR spends of 920 firms up nearly 28% to Rs 8,300 crore in 2015-16

Mon, Oct 24, 2016

About 920 companies have witnessed a rise of nearly 28% in their expenditure on corporate social responsibility (CSR) in 2015-16, said PRIME Database in a press release on Monday.

Govt may fetch Rs 6,000 crore from 3 PSUs' disinvestment plans

Govt may fetch Rs 6,000 crore from 3 PSUs' disinvestment plans

Sun, Oct 09, 2016

The three PSUs have already announced share buyback programmes in the current fiscal.

ONGC, Oil India making losses on natural gas production

ONGC, Oil India making losses on natural gas production

Sun, Oct 02, 2016

State-owned ONGC and Oil India are making losses on natural gas production after government cut rates for the fourth consecutive time to bring down selling price to below the cost of production.

Markets open at 18-month high; ONGC, SpiceJet in focus ahead of earnings

Markets open at 18-month high; ONGC, SpiceJet in focus ahead of earnings

Wed, Sep 07, 2016

MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.4%.

WATCH: Top 5 corporate stories of the day; From Tata Teleservices Q4 results to ARSS Infra JV winning railways contract

WATCH: Top 5 corporate stories of the day; From Tata Teleservices Q4 results to ARSS Infra JV winning railways contract

Mon, Jun 27, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five corporate stories of the day: 1. TTML announces Q4 results, EBITDA up 30%

These top six companies together added Rs 22,459 crore in market valuation

These top six companies together added Rs 22,459 crore in market valuation

Sun, Jun 19, 2016

Sun Pharma added Rs 288.8 crore to Rs 1,78,769.24 crore.

Reliance Industries leads the pack of 56 Indian firms in Forbes list

Reliance Industries leads the pack of 56 Indian firms in Forbes list

Thu, May 26, 2016

Mukesh Ambani-led Reliance Industries leads the pack of 56 Indian firms in Forbes' annual list of the world's 2,000 largest and most powerful public companies, with the US leading the list with 586 companies.

Govt may offer bluechip PSU shares to institutional investors

Govt may offer bluechip PSU shares to institutional investors

Wed, May 04, 2016

Disinvestments in recent past, including of NHPC, NTPC and Indian Oil Corporation, had witnessed tepid retail investor response.

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