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Govt must reduce financial burden of oil firms, says Fitch

Lower oil prices have reduced net margins of two state-owned upstream companies, Oil India Ltd and ONGC Ltd and the government needs to reduce the burden on them, credit rating agency Fitch said on......

IOC, ONGC, OIL among five cos named by US administration for Iran ties

The three Indian firms have been named for their stake in the Farsi offshore block in Iran State-owned ONGC, IOC and OIL are among the five global companies named by the US administration for......

Govt to exempt ONGC, OIL from fuel subsidy payment this fiscal

The government is likely to exempt Oil and Natural Gas Corporation and Oil India Ltd from payment of fuel subsidy during the rest of the fiscal due to steep decline in global oil rates to around......

'Diesel deregulation, gas price to have positive impact on oil cos'

The deregulation provides a level playing field for private players -- Reliance Industries and Essar Oil Ltd -- to market petroleum products. Key oil and gas sector reforms like diesel deregulation......

ONGC topples RIL to become highest ranked Indian energy firm

State-owned Oil and Natural Gas Corp (ONGC) has edged past Reliance Industries to become the highest ranked Indian energy firm on this year's Platts Global 250 Rankings. ONGC, which in 2013 was......
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Govt looks to list OVL shares; ONGC profit down 19.7% in FY15

ONGC is targeting the production of more than 130 million tonnes of oil equivalent in 2030, of which half will come from assets owned by OVL.... ...

http://www.livemint.com/Industry/jcKEAljMHqGyAckMuohU4J/Not-right-time-to-list-overseas-arm-ONGC-to-govt.html
ONGC stays in black despite slumping global oil prices

State-owned ONGC on Thursday reported 19.5 per cent drop in net profit to Rs 3,935 crore for the quarter ended March 31, 2015, mainly due to higher... ...

http://www.millenniumpost.in/NewsContent.aspx?NID=116330
TDS on Rent u/s 194I

What is tax deduction at source? Persons responsible for making payment of income (rent), are responsible to deduct tax at source and deposit... ...

http://www.caclubindia.com/articles/tds-on-rent-u-s-194i-23920.asp
Govt

The government has exempted oil producers ONGC and Oil India from payment of fuel subsidy if the global oil prices average up to USD 60 a barrel,... ...

http://www.outlookindia.com/news/article/not-liable-to-pay-any-amount-if-oil-prices-below-60barrel-govt/898203
Cabinet nod for new urea complex in Assam

To meet the growing demand of urea in India's eastern regions, the union cabinet on Thursday approved setting up of an ammonia-urea complex of 8.64... ...

http://smetimes.tradeindia.com/smetimes/news/indian-economy-news/2015/May/22/cabinet-nod-for-new-urea-complex-in-assam.html

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