8 bn rubles of Indian oil firms stuck in Russia

As much as 8 billion rubles (about Rs 1,000 crore) of dividend income belonging to Indian oil firms is stuck in Russia after the Putin administration clamped down on dollar repatriation, officials......

Russia will play a major role in India's energy sector

Old timers in Oil and Natural Gas Corpora­tion (ONGC) still remember how in early 2000 its overseas subsidiary, ONGC Videsh Ltd (OVL), was on the verge of closure. Though OVL was set up in......

Govt permits 100% FDI in oil PSUs approved for divestment

The government on Thursday permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic divestment. Illustration:......

PSUs became the biggest laggards on Indian bourses

Market cap of government companies has remained unchanged in the past 8 years. Illustration: Uttam Ghosh/Rediff.com India’s listed public sector undertakings (PSUs) continue to be laggards......