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Oil Minister Dharmendra Pradhan on Tuesday made a strong case for inclusion of natural gas in the Goods and Services Tax. (Photo: PTI)

Pradhan justifies exempting ONGC from open offer for HPCL

HPCL will continue to remain a central public sector enterprise by virtue of govt holding majority stake in ONGC.

23 Jan 2018 10:14 AM IST

Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 56 per cent drop in the June quarter net profit on account of lower refining margins and inventory losses.

HPCL may acquire MRPL in cash, share-swap deal

India's biggest oil and gas producer, last week announced acquisition of HPCL for Rs 36,915 crore.

22 Jan 2018 2:18 PM IST

ONGC may buy all of the governments 51.11 per cent stake in HPCL

ONGC stock jumps 6 pc on 51.11 pc stake acquisition in HPCL

ONGC will pay Rs 473.97 per share for 77.8 crore shares of government in HPCL.

22 Jan 2018 11:24 AM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC to acquire govt stake in HPCL for Rs 36,915 crore

ONGC will pay govtRs 473.97 per share, a premium of over 10 per cent of 60-days weighted average of HPCL's scrip.

20 Jan 2018 5:22 PM IST

India has the highest retail prices of petrol and diesel among South Asian nations.

Oil companies say no directive from govt to defer price hike

Shares of IOC fell as much as 7.6 per cent after the news of government asking oil firms to not raise prices broke.

11 April 2018 7:45 PM IST

Government is planning to phase out LPG susbidy by March 2018. (Photo: PTI)

HPCL gets green nod to set up Rs 136 crore LPG plant in Bihar

Govt's aim is to increase LPG penetration to 75 pc by addition of 5.5 crore new LPG connections till 2019-20.

6 April 2018 2:51 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Despite U.S. Pressure, Iran No. 2

State firms that buy oil from Iran include MRPL, Indian Oil and HPCL.

24 July 2018 5:59 AM IST

Reliance Industries or RIL chairman Mukesh Ambani at an AGM in Mumbai. (Photo: PTI)

Reliance vs PSUs: Battle for pipelines to supply jet fuel in Mumbai...

Reliance, which produces a fourth of India's aviation turbine fuel, wants access to the pipelines.

15 July 2018 11:28 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Govt giving false hopes on economy

The government's actions are around creating a feel good tactic rather than a serious economic effort.

5 July 2018 12:23 AM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC free to sell stake in HPCL: Pradhan

ONGC has only got one member on the board and virtually no say in the management.

14 Oct 2019 2:41 PM IST

The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November US deadline.

BPCL nationalisation act repealed in 2016; way clear for privatisation

BPCL at the close of market on October 4 had a market capitalisation of about Rs 1.11 lakh crore.

6 Oct 2019 1:44 PM IST

Hindustan Petroleum Corp Ltd (HPCL) on Friday reported 56 per cent drop in the June quarter net profit on account of lower refining margins and inventory losses.

HPCL shares decline 3 pc; Britannia up over 1 pc on NSE rejig

The company's shares opened the day on a weak note and further declined 2.95 per cent to Rs 221.40 on NSE.

26 Feb 2019 10:56 AM IST