Here are the levels for the key underperformers during the recent rally you need to keep a tab on
If these levels are taken out, this will certainly negate the bearish stance and then the indies can head higher.
This is the fourth time when the deadline for submission of EOI has been extended by GoI
According to a Reuters report, Rosneft and Saudi Aramco are unlikely to bid in the privatisation of the state-owned refiner
A source said that Aramco has halted most of its investment plans into India due to the oil price crash and is unlikely to bid for BPCL
As of now, the last date to submit EoIs is September 30, and hence, RFP is expected to be ready by October 15.
In September 2008, BPCL and Videocon Industries had formed a 50:50 joint venture to acquire a Brazilian oil exploration firm for $283 million
The momentum indicators and oscillators on the weekly scale are very well on buy mode. The volatility index --India VIX -- has also started cooling down which is giving comforts to the bulls
Fitch Ratings said the potential privatisation of BPCL is an "event risk" as there is little information about bidders and potential transaction structure
Business Standard brings you the top headlines of the day
Preliminary expressions of interest or EoIs are due on September 30, which will be followed by qualified bidders being asked to submit financial or price bids.
To decide on residual 7.33 per cent stake in due course
Older workers are headed for the VRS exit in larger-than-expected numbers even as unrest stirs over unrevised wage settlements
Move may open up subsidised LPG sector to private marketers
Companies say mechanisation is here to stay even in the post-pandemic world
Divestment-bound national oil marketer Bharat Petroleum Corporation has resumed work on as many as 2,118 projects involving a capital expenditure (capex) of around Rs 50,300 crore over three years.
Singh, who completes his five-year term as managing director and CEO next month, took home a record Rs 1.8 crore in fiscal 2019-20 (April 2019 to March 2020)
The NGT directed HPCL to pay 76.5 crore, BPCL 67.5 crore, AEGIS 142 crore and SLCL Rs 0.2 crore
All that happened in the markets today
According to the oil and gas company, the rise in profit was mainly due to inventory gain, despite a decline in sales and weak refining margin