Business Standard analysis is based on the numbers of 47 Nifty companies, excluding Bajaj Finserv, HDFC Life, and SBI Life
State-owned ONGC, OIL and GAIL walked away with most of the eight blocks offered for exploration and production of oil and gas in the OALP 7th bid round even as the government launched the next round
Oil India was down 8 per cent at Rs 176, while ONGC shed 6 per cent in traes on Wednesday.
The bulk of the earnings reduction over the past two months for the Nifty-50 index, according to KIE, has come from the government's decision to levy new taxes
However, the earnings impact for RIL is likely to be less material given offsets from marking-to-market for current GRM strength, says a brokerage
The tax on firms that have increased product exports to gain from higher overseas margins took effect on July 1, as the government moves to boost domestic supply and revenue
Brokerage firm Motilal Oswal reiterates its BUY rating with revised target prices of Rs 171 and Rs 364 for ONGC and Oil India, respectively.
Index heavyweight RIL dropped over 7%, while other oil upstream and exploration-linked stocks slumped up to 15%. But should you buy these stocks on dips? Let us find out
Metals & oil firms together saw profit of Rs 3.05 trn in FY22
If not for RIL's steep correction, the index could have closed nearly 500 points higher
The government has levied Rs 6 per litre tax on ATF and petrol exports and imposed Rs 13 per litre tax on diesel exports
According to a government statement, this move shall ensure marketing freedom for all exploration and production (E&P) operators
Three of the four dead were ONGC employees
The quarterly recapping of Nifty indices takes into account the changes in free-float market capitalisation (m-cap) of companies and realigns their weighting
A Pawan Hans helicopter, with two pilots and seven others including six ONGC employees onboard, fell into the Arabian Sea about 50 nautical miles from the Mumbai coast
A helicopter carrying seven passengers and two pilots made an emergency landing in the Arabian Sea on Tuesday, near Oil and Natural Gas Corporation Limited (ONGC) rig Sagar Kiran in Mumbai High
MRPL, Chennai Petroleum and Hindustan Oil Exploration soared around 8 per cent each. Oil explorers - Oil India and ONGC also logged smart gains in an otherwise weak market.
After over five months, Oil and Natural Gas Corporation (ONGC) has finally got a director appointed on the board of Hindustan Petroleum Corporation Ltd -- a firm it had acquired for Rs 36,915 crore
Stock market live updates: The Sensex and Nifty benchmarks are heading for a higher start on Friday, tracking strength in the US overnight and Asian markets this morning. As of 07:00 AM, the SGX Nif
The government has for a second time in as many years re-advertised the post of chairman of oil and gas regulator PNGRB, which has been lying vacant since December 2020. The oil ministry this week issued an advertisement inviting applications for the post of chairman of the Petroleum and Natural Gas Regulatory Board (PNGRB). It sought applications by July 21 from those who fulfill the qualifications and are not more than 62 years of age, according to the advertisement. The post of chairman of PNGRB has been lying vacant since December 4, 2020, when Dinesh K Sarraf completed his three-year term. A search-cum-selection committee headed by V K Saraswat, Member (S&T), Niti Aayog in June 2021 picked former power secretary Sanjeev Nandan Sahai for the job. But that appointment was not confirmed by the government and so the post was re-advertised in November 2021. The panel, which also comprises secretaries to the ministries of oil and commerce, secretary legal affairs and economic ...