'The Supreme Court decision upholds the true principle of parliamentary democracy,' says Fali Nariman who argued the BPCL-HPCL divestment case.
Divestment Minister Arun Shourie, who met Law Minister Arun Jaitley in New Delhi on Thursday to discuss the ramifications of the apex court judgement
Oil and Natural Gas Corporation on Wednesday awarded six of its small oil fields in Assam and Gujarat to private firms for development and production.
In early trade on Monday, the rupee fell to 63.33 to a dollar, its weakest since September 18.
In the Sensex pack, ICICI Bank emerged as the top gainer by rising 0.97 per cent, while Tata Steel advanced 0.92 per cent.
The 50-share NSE Nifty stayed in the positive zone and retook the 9,900-mark to hit a high of 9,905.05 as buying paced up towards the fag end. It settled higher by 72.45 points, or 0.74 per cent, at 9,899.60.
After endorsing Lotto, Malabar Gold and HPCL, tennis star Sania Mirza has been roped in by Tata Indicom with the launch of a limited edition of 'Signature Series' of handset called 'Sania Fone'.
Petroleum Minister Mani Shankar Aiyar on Thursday held discussions with chief executives of public sector oil companies to explore the possibility of merging BPCL and HPCL with ONGC and OIL with IOC to create two oil behemoths.
A parliamentary panel has rapped the government for bypassing Parliament in deciding to privatise oil refiners Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp
The government on Wednesday admitted that it would be difficult to realise the targeted Rs 13,200 crore from divestment due to serious constraints arising as a fallout of Supreme Court's judgement on HPCL and BPCL selloff.
No immediate comment was available from airlines on the impact of the price hike on passenger fares.
The movement of prices in international oil market and rupee-dollar exchange rate shall continue to be closely monitored
Oil refining companies, to a large extent, benefited from high gross refining margins during FY04 as a result of firm product prices in international markets
Petrol price has been cut by 58 paise a litre and diesel by 25 paise with effect from midnight tonight.
The government is studying the impact of Supreme Court verdict in HPCL-BPCL case on the divestment process of Shipping Corporation of India in which some companies were merged through an Act of Parliament or by way of ordinance.
SpiceJet grounded all its aircraft due to payment woes
Bharat Sanchar Nigam Ltd Employees Union on Friday extended support to the proposed indefinite strike of employees of public sector oil companies against privatisation of HPCL and BPCL.
Consequent to the Supreme Court's verdict on HPCL, BPCL divestment the government is understood to have halted the sale of its residual equity in privatised companies like Videsh Sanchar Nigam, IBP and IPCL.
'At the best, government can go in for a review,' Attorney General Soli Sorabjee said about the Supreme Court verdict stalling the divestment of HPCL and BPCL.
Ujjwala Yojana was launched on May 1, 2016 at Ballia district in Uttar Pradesh and has so far covered 47.3 million consumers in 715 districts
The Indian government has lifted the ban on setting up of petrol pumps and cooking gas agencies by allowing state-run oil firms to appoint dealers on their own.
What are the implications of the new players coming into the retail segment on existing companies like BPCL, HPCL and IOC? \n\n\n\n
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
No divestment of oil PSUs during during the month-long recess of the current Budget session of Parliament beginning March 14, Parliamentary Affairs Minister Sushma Swaraj categorically assured Lok Sabha on Thursday.\n\n
The government on Wednesday ruled out privatisation of Indian Oil, Oil and Natural Gas Corporation and Gas Authority of India Ltd and assured all security concerns would be taken care of while divesting public sector oil
The NSE Nifty after shuttling between 10,397.60 and 10,279.35 points, ended 47 points, or 0.45 per cent lower at 10,301.05.
IMF chief Horst Kohler, who is in Dubai to World Bank Group and IMF meetings, did not comment on the issue of BPCL and HPCL divestment.
Divestment Minister Arun Shourie on Tuesday said that the opinion of the law ministry and the Attorney General will be taken on Supreme Court ruling staying privatisation of HPCL and BPCL, which he described as a 'major setback' to reforms.
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