World Championships bronze medallist B Sai Praneeth on Monday announced his retirement from international badminton, bringing down curtains on a successful career during which he won the Singapore Open and also represented India at the Tokyo Olympics.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
A comparative analysis of the two companies' rankings on three parameters reveals why ONGC slipped in ranking
Oil and Natural Gas Corporation (ONGC) on Monday said it has received 10,722 emission reduction certificates from the United Nations for a waste heat recovery project at its Mumbai High fields.
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has emerged as the Indian company having the most international exposure for the second consecutive year, says a survey.
Business opportunity after phased diesel deregulation the main trigger.
Divestment in PFC, REC, NHPC, Nalco, Hindustan Copper and NMDC could be considered
The company has chalked out a detailed plan for development of its existing KG basin assets after integration with GSPC facilities.
The Delhi high court has rejected a government challenge to an arbitration panel award that had ruled in favour of Reliance Industries Ltd in a dispute over gas migration from fields operated by state-owned ONGC in the KG basin. The government had slapped a provisional penalty of $1.55 billion on Reliance for "unjust enrichment" from gas migrating from the ONGC-operated KG-D5 block to the private firm's adjoining KG-D6 area. It had sought $175 million in additional profit petroleum from Reliance and its UK partner BP Plc.
Perhaps the most sensible thing Goldman Sachs did in an otherwise poorly-researched report on ONGC was to talk of 'corporate governance issues with cash withdrawals by promoter,' says Sunil Jain.
Reliance concealed and did not reveal the data to ONGC.
Oil and Natural Gas Corporation has taken control of Imperial Energy after 96.8 per cent shareholders accept its takeover offer.
According to a source close to the development, the government is set to come out with a notification in this regard by the end of this week.
ONGC currently supplies gas directly in isolated pockets of India, mainly in Gujarat and Assam, which contributes around Rs 100 crore (Rs 1 billion) to ONGC's total marketing revenues. In May 1992, gas pipelines and marketing functions related to natural gas were transferred by ONGC to GAIL. However, there are certain isolated pockets where ONGC continues to be the marketing agency.
Oil and Natural Gas Corporation (ONGC), the country's leading public sector company, is planning an initial public offer of ONGC Petro-additions Limited (OPaL), the special purpose vehicle formed for the Rs 13,500 crore (Rs 135 billion) petrochemical complex at Dahej in Gujarat.
ONGCt has made another significant oil and gas discovery in its Krishna Godavari basin.
'An even bigger salute to all the rescue workers and all the agencies that worked tirelessly to rescue our 41 workers trapped in the Utarkashi Silkyara tunnel. Jai Hind!''
5% stake sale in ONGC will fetch Rs 11,477 crore to the exchequer, while 10% divestment in Coal India will likely garner Rs 15,740 crore.
Jose Ramirez Barreto came to Mohun Bagan's rescue as he found the winner in extra-time to edge past a fighting ONGC 2-1 in the Federation Cup.
State-owned explorer's foreign arm wants to invest in exploration & production in the country, which has world's fourth-largest reserves.
Cairn's contractual term for exploring and producing oil from the Rajasthan Block RJ-ON-90/2 expires in 2020 and the area is to return to the block licensee, ONGC.
Oil and Natural Gas Corporation has become the first Indian firm by formally entering into a memorandum of understanding with Transparency International India to institutionalise transparency in its public procurement practices.
ONGC's rein at the top position proved to be short-lived as it had on Thursday last week surpassed TCS to become the most value company.
Injury time goal by substitute Peter Carvalho helped defending champions Dempo to come from behind and hold ONGC to a 1-1 draw in the 18th round of the I-League played at Duler stadium, Mapusa, on Sunday.
Earlier, the government had said it was looking at divestment in Indian Oil Corporation, Steel Authority of India Ltd and ONGC in the first quarter of 2011.
At the end of trade, ONGC commanded a market value of Rs 2,89,047 crore (Rs 2,890.47 billion).
Oil and Natural Gas Corporation had in 2007 farmed out 15 per cent stake in the KG-DWN-98/2 block, which sits next to Reliance Industries' KG-D6 block, to Brazil's state-controlled oil firm Petroleo Brasileiro SA or Petrobras.
Oil and Natural Gas Corporation, India's largest profit making firm, on Thursday signed a memorandum of understanding with Royal Dutch Shell
ONGC must tackle several issues first only then it can turnaround its fortunes.
The Public Enterprises Selection Board, which is the government head-hunter, interviewed seven candidates for the post, which fell vacant after Dinesh K Sarraf was elevated as Chairman and Managing Director of ONGC.
CAG's report on Hydrocarbon Exploration Efforts of ONGC, which was tabled in Parliament today, expressed concern at the company's lack of adequate efforts and results in new fields and wanted the Oil Ministry to reset annual targets set out in memorandum of understanding that the firm signs with the government.
State-owned Oil and Natural Gas Corp (ONGC) has written to the Oil Ministry seeking appointment of an international expert to assess if Reliance Industries Ltd was drawing out any of its gas in KG basin.
Statoil of Norway has declined Oil and Natural Gas Corporation's offer of equity in five deep sea oil and gas exploration blocks.
The Supreme Court on Monday issued notices on a public interest suit challenging the role of the central government and state-owned Oil and Natural Gas Corporation in the deal between Cairn India and Vedanta Resources.
ONGC has suffered a loss of over Rs 30,000 crore due to alleged siphoning off of natural gas by Reliance Industries Ltd (RIL) from the PSU's well in Krishna-Godavari (KG) basin and appointment of an experts body on the issue "will not help", the state-run oil firm said.
State-run Oil and Natural Gas Corporation (ONGC) will shortly farm out nearly 26 per cent stake in its KG-DWN-2004/6 block in the Krishna-Godavari basin to Japan's Inpex Corporation.
ONGC on Friday said it hopes to begin marketing of LPG and Kerosene soon.
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