India is considering doubling to 10 million tonnes the capacity of strategic oil reserves it is building as an insurance against supply disruptions, to take advantage of current low interest rates and slush of funds with oil companies.
Oil and Natural Gas Corporation said on Monday that it would set up 1,100 retail outlets for marketing motor spirit and high speed diesel.
Essar Oil on Tuesday said it will set up 50 petrol stations before the end of this fiscal.
World's third largest oil firm Royal Dutch/Shell will source petrol and diesel from Mangalore Refinery and Petrochemicals Ltd for its upcoming 2000 petrol stations in the country.
Oil and Natural Gas Corporation will set up a specialised trading desk in India to market crude oil received from investments in oil fields abroad and surplus petroleum products from subsidiary Mangalore Refinery Petrochemicals Ltd.
Oil and Natural Gas Corporation is likely to buy 16.95 per cent stake of Hindustan Petroleum Corporation Ltd in Mangalore Refinery and Petrochemicals Ltd for about Rs 550 crore.
ONGC will submit a proposal to the Union government for acquiring Hindustan Petroleum Corporation Ltd's entire 16.97% stake in Mangalore Refinery & Petrochemicals Ltd at Rs 37.75 per share even though HPCL is not keen to divest its holding.
Prabha, who hailed from Mangalore, was stabbed to death in March in Sydney.
The annual Routes event attracts top representatives from a wide variety of organisations, including airlines and airports, who meet, plan and conduct business for new global routes.
Whatever be India's course of action, it will have an impact on India-Iran ties, notes Aveek Sen.
Diesel makes up nearly half of fuel demand in Asia's No 3 economy.
The Oil and Natural Gas Corporation plans to invest around Rs 750 crore (Rs 7.50 billion) on upgrading the product quality and debottlenecking in Mangalore Refinery and Petrochemicals Ltd.
State-run Indian Oil Corporation will import 31.41 million tonnes of crude oil this fiscal, 53 per cent of which would be on term contracts.\n\n\n\n
Mangalore Refinery and Petrochemical Ltd on Wednesday prepaid Rs 2,380 crore (Rs 23.80 billion) of rupee loans and said it plans to prepay the remaining Rs 257 crore (Rs 2.57 billion) of debt by January 19.
It will be tough for the Congress leader to return to the Upper House from either Telangana or Andhra, where the party's presence has dwindled. But neither House will forget her.
The country's best riders will be on view in the Gulf Dirt Track Championship, at the NSCI, on April 19 and 20.
The only way to solve it is through a legislation, Pravin Togadia said.
Oil and Natural Gas Corporation may buyback within five years the 21 per cent equity lenders will have in the loss-making Mangalore Refinery and Petrochemicals Ltd after financial restructuring.
Deepak Fertilizers plans to revise open offer price to beat Mallya-Poddar efforts
In George Fernandes's passing, many will mourn him -- even those who disagreed vehemently with him, writes Aditi Phadnis.
The Industrial Development Bank of India has sold 7.56 crore shares (Rs 10 each) of Mangalore Refinery and Petrochemicals Ltd to ONGC Ltd for about Rs 81.5 crore (Rs 815 million).
State-run Oil and Natural Gas Corporation will buy 20.9 per cent stake held by banks and financial institutions in its subsidiary Mangalore Refinery and Petrochemicals Ltd for around Rs 370 crore.
Starting this December, for the first time ever, travellers will be able to embark on a cruise from India.
'We will be able to provide 450 square feet house in Rs 5 lakh,' Nitin Gadkari said.
The Bangalore-based GMR group has bought out the stakes of US power majors CMS Energy and Public Service Enterprise Group in Tanir Bhavi and Basin Bridge power plants in Karnataka and Tamil Nadu, respectively.
The lenders have not ruled out selling the property to recover part of their loans to the company.
MRPL had its fuel taps running on Monday as union petroleum minister on Saturday said that ONGC will take a controlling 51% stake in the petrochemicals company.
Decks have been cleared for Oil and Natural Gas Corporation to take over the Mangalore Refinery and Petrochemical Ltd with Public Investment Board on Wednesday giving consent to the Rs 659.4 crore (Rs 6.59 billion) proposal.
Yasin Bhatkal was 22 when he had his first tryst with terror. The same is the case of his boss Riyaz Bhatkal too. What motivates these operatives? Is it money or ideology?
Australian police on Friday released a new CCTV footage hoping to find the killer of a 41-year-old Indian woman who was brutally stabbed to death in Sydney, just 300m from her home on March 7 this year while she was talking to her husband on the phone.
US sanctions against Iran kick in from November 4, which will block payment routes. Sources said India and Iran are discussing reverting to rupee trade after November 4.
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