All current staff of BPCM is expected to transfer to the new owners under equivalent terms and conditions.
The Congress may finish last in UP despite the non-controversial image of its new chief, notes Aditi Phadnis.
IndianOil targets monthly 5,000-tonne polypropylene exports
The private companies want a level playing field so that they can compete with the government companies in fuel retailing.
The events and the political line-up are eerily reminiscent of 1987 when the then finance minister, V P Singh, quit the Rajiv Gandhi government, launched a movement against corruption that was supported by both the Left parties and the Bharatiya Janata Party and eventually went on to become the prime minister in 1989.
About two million tonnes (mt) of condensates produced by the oil company were taken into account while apportioning the subsidy burden.
Oil firms yet to get Rs 18,000 crore (Rs 18 billion) of FY12 subsidy compensation, as estimate for this year's underrecovery swells past Budget allocation.
Pakistan's board asks to play its series with Australia at Mohali; also wants to take on lease another Indian venue.
There's a method in the Samajwadi Party supremo's serial flip-flops.
Two years ago, Myanmar was to the Association of Southeast Asian Nations (Asean) what Bihar was to India: Dogged in its isolation, a region with low development indices and one the West loved to hate -- a state perpetually on the defensive. However, Myanmar's growth has also been as rapid as that seen by Bihar.
With Manohar Parrikar's methodical approach to governance Goa may see better days ahead, says Aditi Phadnis
RIL on Friday declared a net profit of Rs 20,040 crore (Rs 200.4 billion) for the 2011-12, a marginal drop from the Rs 20,286 crore (Rs 202.86 billion) it made in 2010-11.
Pakistan former foreign secretary Salman Bashir is coming to Delhi as the next envoy, which is a prized posting. Wondering why he was appointed?
Despite the intense internal questioning, for Karat and CPI-M politics is still in command, writes Aditi Phadnis
The last week of March saw a series of new refining capacity going on stream. HPCL-Mittal Energy, Essar Oil and Mangalore Refinery & Petrochemicals (MRPL) were able to announce completion of capacity additions a couple of days before the seven-year tax holiday in this regard came to an end, on March 31.
ONGC to take biggest hit of Rs 4,600 crore, followed by Cairn India and Oil India.
The government's plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh-crore revenue loss is expected at the current levels of global crude oil prices and domestic retail prices of controlled products.
In the past decade, about Rs 45,000 crore has been returned, either because it was unused or since the government needed the money to balance its books.
They can't win elections, but they can represent the difference between comprehensive victory and resounding defeat, says Aditi Phadnis.
The two government upstream companies, along with GAIL, make good a third of the losses made by government oil marketing companies.
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