Oil Industry In India

Global energy majors Chevron Corp, Exxon Mobil Corp and TotalEnergies are interested in investing in India's oil, gas exploration and production sector, said India's oil minister, Hardeep Singh Puri

Recently, IOC signed a deal to procure oil from Colombia's Ecopetrol SA and Brazil's Petroleo Brasileiro SA (Petrobras)

The budget estimate for dividends from PSUs is Rs 40,000 crore. So far, the centre has garnered Rs 15,766 crore. Even with such healthy receipts so far, a shortfall is expected

IOC priced its five-year rupee bonds at a coupon rate of 6.14 per cent tighter than a similar maturing government bond that is trading at an annualised yield of 6.29 per cent

The deal was to be concluded by March 2020 but has been delayed.

India sold more than 17.5 million scooters and motorcycles in the year ended March 31 and annual sales have grown about seven percent in three of the last four years