Oil PSUs

With India burning more fossil fuel to grow, state-owned refiners are likely to struggle to meet their targets

Business Standard brings you the top headlines on Thursday

BPCL case is in due diligence stage with three bidders said to be keen in acquiring the OMC; BEML, Shipping Corp and Pawan Hans among others on the block

"The above decision will take effect from the date of FEMA notification," an official statement said

The government on Thursday permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic disinvestment

The promise of a less suspicious govt is surprising. What about the disconnect between the new business stance and earlier push to dictate the narrative in politics and public life, wonders T N Ninan

Though the stock market touched new highs in 2020, the PSU index was late to the party, and has barely recovered to January 2020 levels

Continue to cede ground to family enterprises, private sector firms

Public sector oil companies will launch a portal to provide information on their capital goods requirements to domestic industry in line with the government's Aatmanirbhar Bharat campaign

The rating assigned to IOC is equal to its largest shareholder, the state of India, Fitch said in a statement.

Oil Minister Dharmendra Pradhan and other senior officials of the ministry "reviewed the ongoing oil and gas projects started by PSUs since the resumption of economic activities from April 20, 2020"

In seven hikes, petrol price has been raised by Rs 3.9 per litre and diesel by Rs 4. Price rise could continue for a few more days, as global product prices are firming up with a pick-up in demand

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the third daily increase in rates in a row. Oil companies had on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus

The officers union was not opposed to private competition but they should not be handed on a platter assets set up over years.

The airline also "assured" its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to reach an understanding on the issue

Struggling to meet budget targets, the government had in the just concluded fiscal (2018-19) asked cash-rich PSUs to pay second interim dividend as well as undertake share buyback

The decline in spending comes at a time when the government is emphasising on raising domestic output to cut costly oil imports

The Indian Oil will set up 128 retail outlets, with Bharat Petroleum 50 and Hindustan Petroleum 49 in Vadodara district of Gujarat

On Sunday, the three companies -- Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation -- announced their plans to add 5,125 new dealers in the state