All that happened in the markets today
Bharat Petroleum Corporation Ltd (BPCL) will next week launch two high-grade synthetic lubes for premium cars and bikes.
The BPCL Trust for Investment in Shares on Wednesday offloaded shares worth over Rs 1,489 crore in Bharat Petroleum Corporation Ltd (BPCL) through an open market transaction
In March, BPCL had increased its stake in BORL by conversion of Rs 650-crore worth of warrants into shares, raising its stake to 63.38 per cent from 50 per cent
The second-largest national oil marketer is also expecting to increase its rural volumes to 60 per cent and above by the end of this fiscal, from 45-50 per cent now
Here are the levels for the key underperformers during the recent rally you need to keep a tab on
If these levels are taken out, this will certainly negate the bearish stance and then the indies can head higher.
This is the fourth time when the deadline for submission of EOI has been extended by GoI
According to a Reuters report, Rosneft and Saudi Aramco are unlikely to bid in the privatisation of the state-owned refiner
A source said that Aramco has halted most of its investment plans into India due to the oil price crash and is unlikely to bid for BPCL
As of now, the last date to submit EoIs is September 30, and hence, RFP is expected to be ready by October 15.
In September 2008, BPCL and Videocon Industries had formed a 50:50 joint venture to acquire a Brazilian oil exploration firm for $283 million
The momentum indicators and oscillators on the weekly scale are very well on buy mode. The volatility index --India VIX -- has also started cooling down which is giving comforts to the bulls
Fitch Ratings said the potential privatisation of BPCL is an "event risk" as there is little information about bidders and potential transaction structure
Business Standard brings you the top headlines of the day
Preliminary expressions of interest or EoIs are due on September 30, which will be followed by qualified bidders being asked to submit financial or price bids.
To decide on residual 7.33 per cent stake in due course
Older workers are headed for the VRS exit in larger-than-expected numbers even as unrest stirs over unrevised wage settlements
Move may open up subsidised LPG sector to private marketers
Companies say mechanisation is here to stay even in the post-pandemic world