The aggregate value of merger and acquisition (M&A) transaction involving Indian entities was $20.8 billion last year, down 46.3 per cent over the 2012 figure, global deal tracking firm Mergermarket said.
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With Oil Ministry continuing to be opposed to selling IOC shares on stock market like other disinvestments, an Empowered Group of Ministers headed by Finance Minister P Chidambaram today decided to sell 24.27 crore shares or 10 per cent government stake in the company to Oil and Natural Gas Corporation and Oil India Ltd.
Chandigarh golfer Harmeet Kahlon today left for Florida in USA for a two week coaching under Jonathan Yarwood.
Public sector Oil India Ltd has declared an emergency and called for global fire extinguishing experts to control a blaze that broke out on Thursday in one of its wells at Dikom in Upper Assam.
Venezuela and India would start a pilot project on heavy oil exploration in Rajasthan in August, Centre said on Tuesday.
Stepping up violence ahead of Independence Day, United Liberation Front of Assam blew up a gas pipeline, a steel bridge and a transformer across Assam, police said in Guwahati on Tuesday.
The government is mulling divesting a minority holding in oil exploration firm Oil India Ltd but no decision has been taken on the mode of sale, Petroleum Minister Mani Shankar Aiyar said on Wednesday.
ONGC Videsh Ltd and Oil India Ltd-Indian Oil Corp combine have won an oil block each in Libya. \n
The fire raging in an oil well of Oil India Ltd in Assam's Dibrugarh district continued for the fifth day on Monday as experts remained engaged in an unprecedented operation to douse the flames within a week's time.
A major fire broke out in an abandoned oil well of Oil India Ltd at Kuhibari near Dikon in Assam's Dibrugarh district on Thursday causing more than 500 families and hundreds of tea workers to be evacuated to safer places.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
They have been named for their stake in the Farsi offshore block.
The government on Wednesday said there was no proposal to either merge Hindustan Petroleum and Bharat Petroleum with Oil and Natural Gas Corp or Oil India Ltd with Indian Oil Corporation.
Moody's expects the new government to increase the retail selling prices of controlled fuel products -- kerosene and liquefied petroleum gas -- to help control its subsidy burden.
State-owned refiner Indian Oil Corp and its exploration partner Oil India Ltd plan to bid for two onshore oil and gas exploration blocks in Myanmar.
Indian Oil Corporation and its partner Oil India Ltd have won an oil block in Libya in the first ever joint foray in oil and gas exploration overseas.
The move is expected to bolster India's energy security.
Gains were led by Tata Motors amid robust sales in June along with select financials.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Indian Oil Corporation may buy the government's 26 per cent stake in oil and gas exploration firm Oil India Ltd for about Rs 2,000 crore (Rs 20 billion).
State-owned Oil and Natural Gas Corp (ONGC) will add about Rs 8,000 crore (Rs 80 billion) to its profits annually from near doubling of natural gas prices from next fiscal.
As per Sebi norms, a public sector listed company should have 10 per cent public float by August 08, 2013.
India's largest oil producer Oil and Natural Gas Corp, gas utility GAIL and exploration firm Oil India Ltd will pay Rs 3,246 crore (Rs 32.46 billion) to oil marketing firms to partly cover the losses they made in April-June.
The three-member committee will look into the safety and security of the ONGC's offshore operations.
Oil and Natural Gas Corp will pay Rs 1025 crore (Rs 10.25 billion) to the state-run oil retailing firms for the losses they suffered during the second quarter for selling LPG and kerosene below the cost.
The team of team Simarjeet Singh, Manav Das, Amit Luthra and Vikrant Chopra placed ahead of Malaysia and South Africa in that order.
Reason behind for the change in his stance: gas price increase.
The plan to merge big PSU oil firms can help India attain oil security and provide strong competition to global majors, who now plan to enter India.
Venezuelan national oil company Petroleos de Venezuela S A (PDVSA) will help Oil India Ltd exploit about $2 billion worth of heavy crude oil in Baghewala oil field in Rajasthan.
The government has set up a committee to work out sharing by producers and retailers the losses likely to accrue from the decision to freeze LPG and kerosene price for a year despite rising cost.\n\n\n\n
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
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