The official, who did not wish to be identified, said the government will wrap up the stake sale in HPCL by November.\n\n
India Inc has learnt to take risks and compete with global players to create wealth, industry experts said on Monday.
As the government began consultations with stakeholders on raising gas prices, gas producers and consumers met a committee of secretaries separately with their pleas on the issue.
Bajaj Auto's Rahul Bajaj, Sunil Mittal of Bharti and Oil and Natural Gas Corp's Subir Raha are among the 20 finalists announced by Ernst and Young for the E&Y Entreprenuer of the Year award.
The government said on Saturday that the public offer of state-owned gas transmission company Gas Authority India Ltd would hit the market on February 27 followed by Oil and Natural Gas Corp public float on March 5.
Combined net profit estimated to grow 14.6% year-on-year, against a 5.7% decline in the Dec 2015 quarter
To push ahead with the divestment of Oil and Natural Gas Corp and Gas Authority of India Ltd, the government is likely to appoint as many as five advisors for the public offer of shares of the two companies.
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.
The government has nipped Oil and Natural Gas Corp's exclusive plans to extract liquid petroleum gas and C2/C3 from liquefied natural gas by also allowing gas utility GAIL India to do the same from the common LNG being imported by Petronet.
The cumulative m-cap of the companies listed on the BSE soared to a new peak of Rs 82,02,907 crore at 1200 hours.
The government on Thursday fixed Rs 358 a share as the floor price for up to 10 per cent stake sale in Coal India on Friday, which may help the exchequer garner about Rs 22,600 crore (Rs 226 billion) in the biggest sale of shares.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
In the last fiscal, the government had originally budgeted a dividend income of Rs 27,178 crore (Rs 271.78 billion) from PSUs.
Defending champions Border Security Force were shocked by Corps of Signals in the Beighton Cup hockey tournament.
Both teams easily won their quarter-final league matches in the 109th Beighton Cup hockey tournament.
Ahead of its public offer to dilute 10 per cent government stake, state-owned Oil and Natural Gas Corp said on Wednesday that its net worth has risen to Rs 42,250 crore (Rs 422.5 billion) as on December 31
Kicking-off the process of divestment in Bharat Petroleum Corp, government has invited bids for appointment of a global advisor for sale of 35.2 per cent stake in the oil PSU through public offer.
ChevronTexaco has bid for a stake in state-run Hindustan Petroleum Corp Ltd, India's second-largest oil refiner and retailer.
Indian Hockey Club, Canada squandered a 2-0 lead and were held by the army team in the Surjit hockey tournament.
Burren Energy of UK has acquired US energy major Unocal Corp's entire 26.01 per cent stake in Hindustan Oil Exploration Co Ltd for $26.01 million and has made an open offer to acquire further 20 per cent stake.
The broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points, after shuttling between 10,900.35 and 10,844.85.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
Sensex shed 167 points to close at 28,633 and Nifty dropped 55 points to end at 8,695.
The session was marked by volatility and stock-specific action, even as the overall sentiment remains risk-averse, brokers said.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
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.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
Both the indices ended at their highest levels since February 1.
Govt may not announce any new concessions in excise duty
Money managers have turned cautious about the technology space.
The broader markets closed in tandem with their large counter parts- BSE Midcap and Smallcap indices lost 0.065 and 0.10%, each.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
About 507 employees of Oil and Natural Gas Corp have opted for voluntary retirement under the latest VRS scheme floated by the company, the Rajya Sabha was informed on Tuesday.
The Sensex has now lost 878.32 points in six sessions -- its longest string of losses in six months.
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