The first major devaluation of the rupee happened in 1966 when it was pegged against the US dollar at Rs 4.75/$
No respite in sight as not many big deals, initial public offerings in pipeline.
Companies to hold rates in Delhi until new government is formed.
ONGC Videsh Ltd and Oil India Ltd will buy Videocon Industries' 10 per cent stake in a giant Mozambique gas field for $2.475 billion.
ONGC and RIL bill their consumers like fertiliser plants and power stations in US dollar.
At present, in Myanmar, GAIL and IndianOil have a minority stake in a gas pipeline which goes to China, through South East Asia Gas Pipeline Company.
The reserves in Farzad-B are almost thrice the largest gas field in India.
ONGC is raising debt for a spate of acquisitions over the past year
China is slowing down, Europe is barely afloat and the US is meeting a larger chunk of its own demand.
The government will decide in August whether to sell a 5 percent stake in ONGC, a senior oil ministry official said, in a deal that would be worth $2.9 billion at current market prices.
The broader markets also ended lower in line with the benchmark indices
Cabinet may tweak Rangarajan formula; new price may be further delayed.
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.
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
Link between oil exploration and markets can be used by India to great advantage.
Custom duties, a major concern for the oil sector.
2015 will be a real test for Modi govt.
While lower gas output led to earnings cuts, price rises with regular ramp-ups in output will lead to earnings upgrades
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.
In a live chat on rediff.com held on Friday, July 11, well-known equity specialist Devang Mehta discussed what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
Re-instatement of 5% custom duty on crude imports will help.
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
To check fiscal deficit, government needs to drastically cut Plan expenditure.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
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