Indian basket at 6-month low of $49.11 a bbl
Markets closed the day in green on favourable domestic factors,
Oil imports are a third of India's total import bill.
ONGC is raising debt for a spate of acquisitions over the past year
The 30-share Sensex ended down 39 points at 26,265 and the 50-share Nifty ended down 1 point at 7,954.
The FM should quietly get the oil companies to offload the shares in the market and pocket the gains
Summary of sports events and persons who made news on Saturday
India's ONGC has lost the giant Kashagan oilfield to the Chinese after Kazakhstan blocked its $5 billion deal to buy US energy major ConocoPhillips' stake in the Caspian Sea oilfield.
The Cabinet Committee of Economic Affairs has approved a hike in gas prices from April 2014.
Biggest ever share sale by any private or public sector co in India.
When big offers hit the market, broader indices corrected 2-4%
BJP's success in two state elections gave Modi room to cut through a thicket of regulations and state controls.
The reserves in Farzad-B are almost thrice the largest gas field in India.
IT companies account for a third of the entire dividend pot this year
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
Reliance Industries on Friday hit out at Oil and Natural Gas Corp (ONGC) for suing it over KG gas dispute, saying some elements in the state-owned firm may be "misleading" the chairman D K Sarraf to hide their failure in developing the discoveries made over 13 years.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
Quattrocchi lived in India for several years as the representative of an Italian firm, Snam Progetti, in the 1980s. He was close to the Gandhi family and in 1999 was named one of the accused in the case regarding the Rs 64-crore pay-off for the supply of 155 mm Howitzer guns made by Bofors, for which a controversial deal was signed in 1986 when Rajiv Gandhi was the prime minister.
A day after deciding to nearly double natural gas prices to $8, Finance Minister P Chidambaram on Friday hinted that power and fertiliser units may get gas at subsidised rates to keep electricity and urea costs down.
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