Going by the experience and track record of IPOs of ONGC, Coal India and a dozen other PSUs, it is doubtful whether investors will reap reasonable capital appreciation and dividends.
A consortium of eight public sector banks held 34.56 per cent stake in Petronet MHB Ltd, where ONGC and HPCL held 32.72 per cent apiece
HPCL and its parent, Oil and Natural Gas Corp (ONGC), presently hold 32.72 per cent stake each in the company that transports petroleum products
ONGC has already been using Tapti infrastructure for its other fields for better optimisation
This will be the second reduction in six months and will reduce rates to the lowest in two-and-half-years
Government companies' numbers look even worse if State Bank of India is excluded. SBI has been an outperformer with 18.4 per cent annualised growth in market capitalisation in last three-years.
Concerns post a weak Q3 due to declining volumes and realisations coupled with government's stake sale plan were already weighing on investor sentiment
From ONGC hitting lowest levels since Oct 2008 to Air India's disinvestment, here are the top headlines for the day
ONGC's standalone pre-tax profit (PBT) halved to Rs 5,999 crore in Q3FY20
Standalone net profit in October-December at Rs 4,152 cr was 49.8% lower than Rs 8,263 cr net profit in the same period of the previous fiscal year.
Standalone net profit in the period at Rs 4,152 crore was 49.8 per cent lower than Rs 8,263 crore net profit in the same period of the previous fiscal year
A total of 946 companies, including ONGC, Embassy Office Parks REIT, and Fortis Healthcare are scheduled to announce their December quarter earnings today
ONGC, Indian Oil Corporation and NTPC were the top three profitable PSUs in 2018-19
Duganta Oil and Gas Pvt Ltd made four bids, while Orissa Stevedores Ltd, Priserve Infrastructure Pvt Ltd and Udayan Oil Solutions made three bids each.
The court set aside the high court ruling and clarified that the state law and the central law on arbitration were not in conflict and the tribunal can pass interim orders
The eight states are Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura
The daily, as well as weekly momentum indicators in Nifty, have provided a buy crossover
Sebi, in its October 2017 report on corporate governance, said listed firms should have a different person heading the management and another in place as chairman of the board
The seven blocks are spread over three sedimentary basins with resource potential of approximately 33 billion barrels of oil and oil equivalents of gas
ONGC signed contracts for the seven blocks at an event where Oil Minister Dharmendra Pradhan and other ministry officials were also present