Page 34 - Ongc

Top headlines: Centrum-BharatPe in race for PMC bank; Jio preps 5G infra

From Centrum-BharatPe, Liberty group in the race for beleaguered PMC Bank to Amazon enabling digitisation of over 1 million small businesses, here are top headlines this morning

ONGC begins production in Bengal basin, making it India's eighth functional

There are 26 sedimentary basins in India covering 3.4 mn sq k,. Of these, 16 are on land basins, seven part on land and part offshore, and three completely offshore

Sensex, Nifty scale record highs again; auto stocks skid, ONGC rises 4.9%

A strengthening rupee and robust foreign fund inflows further buoyed sentiment, traders said

ONGC gains 5% as ONGC Videsh makes fourth commercial oil find in Colombia

The stock of the state-owned oil exploration and production company was trading at its highest level since March 2020

Woodside Petroleum matches ONGC unit offer to buy FAR's Sangomar stake

FAR had said last month it would exit the troubled $4.2 billion Sangomar project off Senegal by selling its 15% stake to the ONGC unit for $45 million.

Exxon Mobil in talks to buy stake in Indian oil, gas fields: Pradhan

Exxon Mobil had in October last year signed a memorandum of understanding (MoU) with ONGC to offer its expertise and technology for developing resources in offshore blocks.

Dec begins on a strong note for Sensex, Nifty, end on all-time highs

The Sensex rose 1.15 per cent, or 506 points, to end at 44,655, while the Nifty added 1.1 per cent, or 140 points to close at 13,109

Exploration stocks surge as oil prices rally on vaccine hope; ONGC up 4%

Oil prices hit their highest level since March amid news flow related to smooth US presidency transition and encouraging developments on the Covid-19 vaccine front

Negative real rates could drive investors towards high-yield stocks

The list of stocks with high yield is dominated by PSEs: Coal India currently offers a maximum yield of 9.8%, Hindustan Zinc 7.4%, ONGC 6.9% and GAIL India 6.8%

ONGC doubles down on spending to make up for lost time due to Covid-19

The government is looking at increased public spending to give a boost pandemic-hit economy

ONGC books Rs 1,238 crore impairment loss, Q2 net profit down 55%

India's top oil and gas producer ONGC booked a Rs 1,238-crore impairment loss, which together with a fall in prices led to a 55 per cent drop in the company's September quarter net profit

ONGC Q2 net profit down 55% at Rs 2,878 cr due to lower crude oil price

Similarly, gross revenues declined 30.9 per cent to Rs 16,917 crore against Rs 24,493 crore in FY20

Sensex settles 86 points higher at 43,443 levels, gains 11% in Samvat 2076

All that happened in the markets today.

ONGC Videsh signs agreements to acquire FAR stake in Senegal blocks

OVL will acquire 13.6667 per cent participating interest for an upfront consideration of $45 million and contingent payments payable annually

Midcaps, smallcaps set to outperform benchmarks in near-term: HDFC Sec

At current levels, midcap and smallcap stocks look more attractive than largecaps

ONGC invites bids to boost production in ageing oil and gas fields

All the oil and gas produced will belong to ONGC and anyone interested has until December 1, 2020 to respond

ONGC not taking part in share buyback, but will eventually gain: HPCL CMD

Shareholders can be rewarded by way of bonus and dividends or by giving them an option for buyback, says M K Surana

GAIL, ONGC look to firm up strategies for low oil and gas price regime

India aims to more than double its gas consumption by 2030

ONGC wins seven of 11 blocks, OIL the remaining four under OALP-V

OALP Round V is expected to generate exploration work commitment of $400-450 mn; the 11 blocks spread over 8 sedimentary basins include 8 on-land, two shallow-water, and one ultra-deepwater block

ONGC, Indian Oil Corp raise Rs 3,140 cr in debt to meet business expenses

In separate regulatory filings, the two firms said they raised the debt through non-convertible debentures (NCDs)