The Indian markets suffered their worst single-day rout in five years, with the benchmark indices falling 1,942 points and the rupee breaching 74 against the dollar.
If the prices of oil threaten to remain at such low levels, both government-run ONGC and Oil India as well as private sector RIL-BP or Vedanta could find it extremely unprofitable to dig more fields
Firms fear huge impact on top lines, say investments in oil and gas sector will be affected
Indian stocks on Monday recorded their worst single-day fall in more than four years, tracking global markets.
Indices see biggest 1-day fall ever in absolute terms, here are the eight major things about the selloff across global markets
A sharp decline in market price of state-owned company pushed the company's market capitalisation (market-cap) below Rs 1 trillion-mark for the first time since August 2004.
An arbitration which was caught in legal knots for 12 years will start now after the Division Bench of the Bombay high court set aside the order of the single judge bench.
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