Privatisation of BPCL, which was dubbed India's biggest ever, has been stalled with just one bidder left in the fray after two others walked out over issues such as lack of clarity in fuel pricing
New Delhi is considering inviting bids for a 20%-25% stake in BPCL, instead of an outright sale of its entire 52.98% holding, say two government officials who declined to be named
India should keep the base price for 5G airwaves affordable, says Sunil Mittal. More on that in our top headlines this evening.
Fitch cited that robust core refining margins as well as windfall inventory gains should allow OMCs to mitigate potential marketing losses in the near term
Delays in due diligence, policy opacity and now the Ukraine crisis have brought the process to a near-standstill
Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world
State-controlled fuel retailers in India, which is the world's third-biggest consumer and importer of oil, will raise petrol and diesel pump prices for the first time since November
India's three state-run fuel retailers - Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp - dominate fuel retailing in India, and tend to move their prices together
BPCL is the first company in India to offer its service to consumers after the RBI Governor announced the launch of UPI 123PAY last week
While India has been on a recovery path until now, high oil prices at present could lead to some demand destruction, says an analyst
As part of the collaboration, the two entities will first establish a substantial charging infrastructure at the existing nationwide energy station network
BPCL is planning to invest Rs 1,400 crore for four-wheeler EV facilities at 7,000 outlets
Sales of gasoil, which account for about two-fifths of India's overall refined fuel consumption, are directly linked to industrial activity in Asia's third-largest economy
Company attributes strong show to normalisation of business and rising fuel demand
The government's plan is to sell its entire 52.98 per cent stake in BPCL with the transfer of management control to a strategic buyer
Its sale has been delayed by two years. But the longer the wait, the lower its chances of getting a good valuation
They have been inducted on to the company's board effective November 12, will hold office for three years
A major chunk of the auto fuel price in the country consists of state and central taxes
India's second-largest fuel retailer is looking to create a 1,000 MW portfolio of renewable power generation capacity
Bharat Petroleum Corporation Limited (BPCL), a 'Maharatna' and a Fortune Global 500 Company has announced the appointment of Arun Kumar Singh as the Chairman and Managing Director of the company and consequently he has taken charge yesterday.A Mechanical Engineer by qualification, Arun Kumar Singh was earlier Director (Marketing) on the Board of the company, holding additional charge of Director (Refineries) and Director (Finance).In his more than 36 years of experience in Oil & Gas industry, he has headed Business Units and Entities in BPCL such as Retail, LPG, Pipelines, Supply Chain Optimization, etc. He also held the position of President (Africa & Australasia) in Bharat PetroResources Ltd., a wholly owned Subsidiary of BPCL, engaged in exploration of Oil & Gas, largely overseas.He is also Chairman of Indraprastha Gas Ltd. a Joint Venture CGD Company, listed on Indian bourses. He is also a Director on the Board of Bharat Gas Resources Ltd., a wholly owned ...