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Govt to pay Rs 12/litre kerosene subsidy, full for LPG
Jul 13, 2015, 02:01 PM ISTDelhi: The government has capped the subsidy it will pay on kerosene at Rs 12 per litre while deciding to foot the entire bill on domestic cooking gas, a senior official said. The Finance Ministry will
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RIL overtakes ONGC to become India's most profitable firm
Jun 01, 2015, 01:51 PM ISTNew Delhi: Reliance Industries has overtaken state-owned Oil and Natural Gas Corp (ONGC) to become the nation's most profitable company, posting a consolidated net profit of Rs 23,566 crore in the 2014-15 fiscal.ONGC, which posted
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Reliance Industries Limited leads India Inc as the highest profit earner
May 31, 2015, 10:54 PM ISTMumbai: With the results season for 2014-15 drawing to a close, oil refining-to-retail major Reliance Industries Limited has emerged as the top Indian corporate to earn the highest net profit, followed by Tata Consultancy Services
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Railways in existential crisis but no stock market route: Prabhu
India | Apr 26, 2015, 01:53 PM ISTNew Delhi: Railways is facing an “existential crisis” because it was systematically ignored for long by favouring the road sector, Railways minister Suresh Prabhu said but ruled out the stock market route by making it
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Govt exempts ONGC, OIL from LPG subsidy payments
Apr 21, 2015, 02:49 PM ISTNew Delhi: In a big boost to domestic oil and gas exploration, the government has decided to exempt state-owned ONGC and Oil India from paying for LPG subsidies in current fiscal, Oil Secretary Saurabh Chandra
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12 injured as ONGC's gas well catches fire near Surat
India | Apr 18, 2015, 11:23 PM ISTSurat: At least 12 people were injured when a major fire broke out in an ONGC well near Olpad town in the district during a repair operation. Four of the injured are in a serious
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Over 250 companies appoint women directors on Tuesday to meet Sebi deadline
Apr 01, 2015, 11:35 AM ISTMumbai: Waking up at the last moment, over 250 companies including from Adani and Essar Groups, appointed women directors to meet the Sebi deadline of Tuesday midnight for having at least one female board member,
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Gas price cut by 8% to $4.66 /Unit
Mar 31, 2015, 05:39 PM ISTNew Delhi: Natural gas prices was today cut by about 8 per cent to USD 4.66 a unit to reflect the softening in international prices, a move that will lower electricity and fertiliser costs.Oil Ministry's
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Natural gas price to be cut by 10% to USD 5.02/unit from Apr 1
Mar 18, 2015, 01:52 PM ISTNew Delhi: Domestic natural gas prices are likely to be slashed by over 10 per cent to USD 5.02 per unit from April 1, hitting revenues of companies like ONGC and Reliance Industries.The prices of
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IOC, ONGC, OIL among 5 companies named by US administration for Iran ties
Mar 08, 2015, 06:39 PM ISTNew Delhi: State-owned ONGC, IOC and OIL are among the five global companies named by the US administration for having energy ties with Iran, for which they can face sanctions by America.The US government accountability
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ONGC Director suspended by Oil Ministry
Feb 24, 2015, 05:51 PM ISTNew Delhi: The Oil Ministry has suspended Oil and Natural Gas Corporation (ONGC) Director (Technical) Shashi Shankar with immediate effect. The suspension order came in the wake of allegations of irregularities against Shankar who was
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End of logjam: Oil Ministry clears development of discoveries worth Rs 150,000 crore
Feb 17, 2015, 04:13 PM ISTNew Delhi: Ending months of logjam over discoveries mired in contractual disputes, the Oil Ministry has used the recently granted freedom to clear development of oil and gas discoveries worth about Rs 150,000 crore.The ministry
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ONGC starts supplying gas to Tripura power project
Feb 02, 2015, 12:53 PM ISTAgartala: The state-owned ONGC has started supplying gas to a 101 MW capacity power plant, commissioned by state-run NEEPCO, an official said here Monday.NEEPCO (North Eastern Electric Power Corporation), a mini-ratna company under the union
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ONGC agrees to Cairn being given Rajasthan block extension
Jan 27, 2015, 04:03 PM ISTNew Delhi: In a surprise turn of events, state-owned Oil and Natural Gas Corp (ONGC) has without any condition agreed to its partner Cairn India retaining the prolific Rajasthan oil block beyond the contractual deadline
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Eight companies add Rs 55,171 crore in m-cap; TCS, ONGC shine
Dec 21, 2014, 12:43 PM ISTNew Delhi: Led by TCS and ONGC, eight of the 10 most valued companies added a combined Rs 55,171 crore in market valuation last week.Only two stocks, ITC and SBI, saw a fall in their
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ONGC declares interim dividend, notifies 3 discoveries
Dec 14, 2014, 08:36 AM ISTNew Delhi: State-owned Oil and Natural Gas Corp (ONGC) yesterday announced three new oil and gas discoveries in Krishan Godavari Basin and Mumbai offshore and said it will pay its shareholders an interim dividend of
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25th Lal Bahadur Shastri hockey tourney from Dec 15
Hockey | Dec 09, 2014, 07:08 PM ISTNew Delhi: The silver jubilee Lal Bahadur Shastri hockey tournament will take place from December 15 to 21 at the Shivaji stadium here.The tournament committee has also decided to introduce U-16 girls' hockey competition for
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Oil Ministry to cut subsidy burden of ONGC, adjust its cess payment
Dec 08, 2014, 04:58 PM ISTNew Delhi: In a big boost to ONGC, the Oil Ministry is reworking the fuel subsidy sharing formula to cut its payout by a quarter through adjustment of statutory oil cess against its share. According
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PM Narendra Modi announces Rs 28,000 crore for new rail projects in NE
National | Dec 01, 2014, 11:00 PM ISTKohima/Agartala: In a development package for the Northeast, Prime Minister Narendra Modi today promised to provide Rs 28,000 crore for laying new railway lines and announced sanctioning of Rs 5,000 crore for 2G mobile coverage
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Narendra Modi accepts Tripura's communist CM's invitation to address state cabinet
National | Dec 01, 2014, 08:18 AM ISTAgartala: In what could turn out to be a new phase in centre-state relations, Tripura's Marxist Chief Minister Manik Sarkar has invited Prime Minister Narendra Modi to address the state cabinet on his oft-repeated themes