Page 23 - Ongc

Windfall tax: $12 margin hit for Reliance; govt to rake in Rs 1.3 trn

However, the earnings impact for RIL is likely to be less material given offsets from marking-to-market for current GRM strength, says a brokerage

India to drop windfall tax if oil prices fall $40 a barrel: Revenue Secy

The tax on firms that have increased product exports to gain from higher overseas margins took effect on July 1, as the government moves to boost domestic supply and revenue

ONGC, Oil India extend fall; tank up to 20% in two days on windfall tax

Brokerage firm Motilal Oswal reiterates its BUY rating with revised target prices of Rs 171 and Rs 364 for ONGC and Oil India, respectively.

Are RIL, ONGC worth your money after govt's surprise export duty?

Index heavyweight RIL dropped over 7%, while other oil upstream and exploration-linked stocks slumped up to 15%. But should you buy these stocks on dips? Let us find out

Export duty on steel and petro products to hit corporate earnings in FY23

Metals & oil firms together saw profit of Rs 3.05 trn in FY22

Markets end the day with tiny losses even as heavyweight RIL tanks 7%

If not for RIL's steep correction, the index could have closed nearly 500 points higher

Damocles Sword on oil stocks: Is it time for you to rethink your position?

The government has levied Rs 6 per litre tax on ATF and petrol exports and imposed Rs 13 per litre tax on diesel exports

Domestic crude oil producers get marketing freedom, exports not allowed

According to a government statement, this move shall ensure marketing freedom for all exploration and production (E&P) operators

Four dead in Pawan Hans helicopter mishap near ONGC's rig at Mumbai High

Three of the four dead were ONGC employees

Adjustment Day: Fine 'rebalancing' act for Nifty indices on Wednesday

The quarterly recapping of Nifty indices takes into account the changes in free-float market capitalisation (m-cap) of companies and realigns their weighting

3 ONGC employees among 4 dead in Pawan Hans helicopter crash in Arabian Sea

A Pawan Hans helicopter, with two pilots and seven others including six ONGC employees onboard, fell into the Arabian Sea about 50 nautical miles from the Mumbai coast

ONGC chopper carrying 9 makes emergency landing in Arabian Sea, 6 rescued

A helicopter carrying seven passengers and two pilots made an emergency landing in the Arabian Sea on Tuesday, near Oil and Natural Gas Corporation Limited (ONGC) rig Sagar Kiran in Mumbai High

MRPL, Chennai Petro soar up to 8% as crude oil prices rebound

MRPL, Chennai Petroleum and Hindustan Oil Exploration soared around 8 per cent each. Oil explorers - Oil India and ONGC also logged smart gains in an otherwise weak market.

After 5 months, ONGC finally gets a director on Hindustan Petroleum board

After over five months, Oil and Natural Gas Corporation (ONGC) has finally got a director appointed on the board of Hindustan Petroleum Corporation Ltd -- a firm it had acquired for Rs 36,915 crore

Sensex adds 462 pts; Nifty tad below 15,700; auto, banks gain; IT slips

Stock market live updates: The Sensex and Nifty benchmarks are heading for a higher start on Friday, tracking strength in the US overnight and Asian markets this morning. As of 07:00 AM, the SGX Nif

Govt issues new ad for chief of oil regulator PNGRB, vacant since Dec 2020

The government has for a second time in as many years re-advertised the post of chairman of oil and gas regulator PNGRB, which has been lying vacant since December 2020. The oil ministry this week issued an advertisement inviting applications for the post of chairman of the Petroleum and Natural Gas Regulatory Board (PNGRB). It sought applications by July 21 from those who fulfill the qualifications and are not more than 62 years of age, according to the advertisement. The post of chairman of PNGRB has been lying vacant since December 4, 2020, when Dinesh K Sarraf completed his three-year term. A search-cum-selection committee headed by V K Saraswat, Member (S&T), Niti Aayog in June 2021 picked former power secretary Sanjeev Nandan Sahai for the job. But that appointment was not confirmed by the government and so the post was re-advertised in November 2021. The panel, which also comprises secretaries to the ministries of oil and commerce, secretary legal affairs and economic ...

Stocks to watch today: Airtel, Zomato, PVR, Inox, Adani Enterprises, ONGC

Stocks to Watch Today: Zomato board is scheduled to meet on June 24 to consider a potential acquisition transaction.

Crude Oil slumps 6%; ONGC, Oil India, Adani Total tumble up to 17%

Oil prices tumbled about 5 per cent to a three-week low on Friday, as investors feared that interest rate hikes from major central banks could slow the global economy and cut demand for energy.

Oil ministry proposes higher age limit, shorter tenure for ONGC chairman

The ministry has proposed that any candidate to be eligible for consideration should not be more than 60 years of age on the date of occurrence of vacancy

Housing, roads among biggest capex gainers in FY22, PMAY urban lags

FM Sitharaman had allocated Rs 48,000 cr to PMAY (urban and rural) for FY23. The govt then extended the deadline for the rural by two more years, and may have to do the same for urban