In Maharashtra, the oil industry had tenancy protection till 1999.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
After steep correction in valuations, these have turned attractive but upside will depend on diesel price rises and export-parity pricing.
The report, 'Road Ahead Clears Up for Oil PSUs', says the decline in underrecoveries, or losses oil-marketing companies incur on selling petroleum products below market price, will have a significant positive impact on both upstream and downstream public-sector oil companies.
NDA's energy plan powered UP win, but it's not a winner yet. Centre has claimed to have saved money by targeted coverage but critics say the system is not yet foolproof.
Movement of rupee and crude oil prices will also dictate the trend
Reason behind for the change in his stance: gas price increase.
'Oil companies like IOC, BPCL and HPCL have to set up world class systems where they are always two steps ahead of the crooks,' says Sudhir Bisht, a veteran of the petroleum industry.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
The staggered increase in kerosene rate may not have the same impact of freeing up the fuel price as for diesel.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
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RBI's forex swap window for oil marketing companies addresses an urgent issue but what happens when the dollars have to be returned?
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By the end of 2020, India will lay 32,737 km across the length and breadth of the country. It needs to lay down and comply with strict safety standards especially since some of these pipes will go through areas of dense habitation, says Rashme Sehgal.
Oil Minister M Veerappa Moily has suggested pricking the ballooning oil bill with everything from a street theatre campaign encouraging lower fuel use, to shutting fuel stations, to increasing imports from Iran.
HPCL is now ready to increase the stake of the state government up to 49 per cent.
Boosted by handsome royalty from oil facilities at Barmer, the Rajasthan government has spent nearly Rs 30,000 crore on various social welfare schemes in the last four-and-a-half years. Chief Minister Ashok Gehlot tells Business Standard's Mayank Mishra that the state's better performance on various socio-economic indices is a result of that. The excerpts:
Damu Nagar -- a shanty colony built around a hillock in Mumbai's northern suburb of Kandivali, abutting the Sanjay Gandhi National Park, was engulfed in an inferno Monday, December 7, that left more than 2,000 homes gutted and thousands homeless. Residents displayed exemplary courage, camaraderie and chutzpah as they grappled with ways and means to overcome their personal catastrophes when Rediff.com visited them.
The entire selection process of the IOC chairman was shrouded in mediocrity and mystery.
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