The merged entity will become the third biggest refiner behind IOC and Reliance Industries.
The retail selling price of petrol at Delhi would come down by Rs 1.82 a litre.
Aramco also plans to invest in building India's largest oil refinery on the country's west coast.
India will switch to the world's cleanest petrol and diesel from April 1 as it leapfrogs straight to Euro-VI emission compliant fuels from Euro-IV grades now -- a feat achieved in just three years and not seen in any of the large economies around the globe. India will join the select league of nations using petrol and diesel containing just 10 parts per million of sulphur as it looks to cut vehicular emissions that are said to be one of the reasons for the choking pollution in major cities.
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Companies such as Indian Oil Corporation, Tata Steel Ltd and Tata Power Company Ltd will remain highly leveraged over the next 12 months because of weak industry dynamics and resulting constraints on cash flows, it said.
India's Test specialist Cheteshwar Pujara started off the 13th edition of DY Patil T20 Cup with an uncharacteristic century to guide Indian Oil to an emphatic 10-wicket win over Air India. Pujara slammed an unbeaten 108 off 73 balls (14x4s, 2x6s) to register the commanding victory for his side. At the University Ground in neighbouring Navi Mumbai, Air India batted first to post 180 for four in their 20 overs.
In Maharashtra, the oil industry had tenancy protection till 1999.
Rediff readers tell us about their first salaries.
Expects to raise Rs 9,300 crore from Indian Oil share sale on Monday
Shaw made a stroke-filled 39-ball 63 to help Mumbai thrash Assam by 83 runs in a Syed Mushtaq Ali Trophy game.
A 14.2-kg subsidised LPG cylinder will cost Rs 494.99 in Delhi, while non-subsidised LPG rates have been cut by a steep Rs 120.50 per cylinder
While the Saudi drone strike has put the focus back on anti-drone measures, caution also stems from the fact that India has a number of large oil refining assets close to India-Pakistan border.
The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol and diesel that has pushed the total incidence of taxation on auto fuels to 70 per cent of the price. Late on Tuesday evening, the government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.
A senior official in the central labour commissioner's office said the efforts of the government were to resolve the cases amicably and not to press for legal action against employers. "Everyone is going through tough times. We could initiate legal action if we want but that's not the idea. We want to address the issues amicably," the official said.
Forest land measuring 1838.79 hectares in Odisha has been diverted for 15 industrial projects in the state between 2004 and 2013.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
75 companies can dole out Rs 1.1 trillion from the 'extra cash' to shareholders.
As of now, tankers carry petroleum products from India to Nepal as part of an arrangement which is in place since 1973.
The national budget 2019-20 had an outlay of Rs 10,000 crore for Phase-II of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme to boost electric mobility and increase the number of EVs in commercial fleets.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
ONGC Videsh Ltd and its partners Indian Oil Corporation and Oil India Ltd have dropped plans to develop an oil field in Iran after the discovery was found to be commercially unviable.
Only 48.3 per cent of the rural households used LPG, while the figures were much higher in urban areas at 86.6 per cent, according to a NSO report.
With this increase, diesel prices have touched a record high while petrol is at a 56-month peak.
The 42-year-old batsman played 31 Tests and scored 1,944 runs, at an average of 34.11. He has five hundreds and 11 fifties in the longest format, with 212 his highest score.
Petroleum Minister Dharmendra Pradhan was to give away the awards but he could not attend because he was travelling.
Credit card payments to buy fuel at petrol pumps will from October 1 not get a 0.75 per cent discount that State-owned oil companies had introduced more than two-and-a-half years back to promote digital payments.
Indian companies place orders worth $600 million for US crude, which is likely to increase by nearly $2 billion in the near future.
The previous highest divestment proceeds for the first half of a year was around Rs 21,000 crore in 2016-17.
IOC said the movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely
Hima Das represents the generation of Naya Bharat athletes who are conscious of their responsibilities towards their society, state and country.
'Indian hockey will lose out on one of its most important nurseries of good hockey talent.'
Actual reduction in price will be more after taking into account local VAT.
While previously selling of the marketing business, possibly to another state-owned firm, was being considered, the government is now mulling on hiving off the pipelines into a separate entity and selling off a majority stake in it.
The former edged past Indian Oil while BSF routed Punjab Police in the semi-finals.
The discount will be by way of cash back which will be credited to the buyer's account in three days from the transaction
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