Tue, Apr 16, 2024
Upstream oil exploration and production companies ONGC and Oil India Ltd stand may lose as they will not get the full benefit of rising international prices for their crude. However, the government on the other hand will get more resources to finance its social welfare schemes for the poor and keep its fiscal deficit in check.
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The Indian government has raised its windfall tax on petroleum crude to 9,600 rupees ($114.99) a metric ton from 6,800 rupees with effect from April 16, the government said on Monday.
Thu, Mar 14, 2024
Top gainers and losers: Zee Business managing editor Anil Singhvi says that 60-70 per cent price correction in most stocks in small and midcap categories has completed. He says that there is still some scope for weakness in small and midcap stocks. Paytm, NHPC, IIFL Fin, and SJVN are the top losers, while PB Fintech, APL Apollo Tubes, Natco Pharma, and Intellect Design are the top gainers.
Fri, Mar 08, 2024
Oil India dividend 2024: State-run Oil India Ltd on Friday, March 8, announced an interim dividend of Rs 8.5 per equity share for the financial year 2023-24.
Wed, Mar 06, 2024
Oil India Dividend 2024, Oil India Share Price Target 2024: The shares of Oil India Ltd. surged around 2.4 per cent on Wednesday to hit the day's high of Rs 647.40.
Sat, Feb 24, 2024
The Petroleum Ministry had sought budgetary support to drill four stratigraphic wells in Category II and Category III basins in India’s offshore region to obtain critical data for a robust modelling of petroleum reserves.
Sun, Feb 11, 2024
Jupiter Wagons closed at the level of Rs 372.85 with a decline of about 1.17 per cent on Friday. The 52-week high for the stock is Rs 433.95, which is also its all-time high.
Tue, Jan 09, 2024
The agreement, signed on January 8 in Guwahati, is aimed at boosting the country's efforts towards energy transition and for achieving Oil India’s target for net zero by 2040, according to a regulatory filing by the state-run company.
Tue, Oct 03, 2023
Oil and gas stocks were in the spotlight on Dalal Street, as market participants returned to trade on October 3 after a long weekend. While stocks of oil refiners ONGC and Oil India were under pressure owing to the Centre's move to raise a windfall tax on domestically-produced crude oil, shares in gas distributors Gujarat Gas, MGL and IGL were in demand following an increase in natural gas prices.
Mon, Sep 18, 2023
While shares of ONGC were up 0.25 per cent, the stock of Oil India were higher by 1.04 per cent. The government on Friday hiked special additional excise duty (SAED) on domestically produced crude oil to Rs 10,000 per tonne with effect from September 16.
Wed, Aug 09, 2023
Oil India shares traded under pressure after the state-run upstream oil company reported a 49.1 per cent year-on-year fall in its quarterly net profit.
Mon, Jul 17, 2023
ONGC and Oil India shares were under pressure on Monday after the government imposed a windfall tax on petroleum crude to Rs 1,600 per metric tonne from zero, reintroducing it after a gap of two months.
Tue, May 30, 2023
A fire broke out on Monday at the 60,000 barrel-per-day Numaligarh Refinery Limited (NRL) plant, a refinery subsidiary of Oil India, located in Assam, India.
Thu, May 25, 2023
Share Market HIGHLIGHTS: At close, the S&P BSE Sensex stood at 61,872.62, up 99 points, or 0.16 per cent while the NSE's Nifty ended at 18,321.15, up 36 points, or 0.20 per cent. Catch minute-by-minute updates of all the action in the Indian share market, market commentary, and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy, and trade recommendations only on Zeebiz.com's blog.
Wed, May 24, 2023
Oil India Q4 results: Oil India on Wednesday reported a 9.7 per cent year-on-year increase in net profit to Rs 1,788.3 crore for the quarter ended March 2023.
Tue, May 16, 2023
Shares of upstream companies rose up to 4 per cent during Tuesday’s session on the BSE. MRPL and Chennai Petro were up between 3-4 per cent. while ONCG and Oil India shares grew more than 1.5 and 2.5 per cent, respectively, today.
Tue, May 02, 2023
Of 15 stocks in Nifty Oil & Gas, 13 rallied and two (Gujarat Gas and Indraprastha Gas) were flat with negative bias in the early morning session today. Oil and Natural Gas Corporation shares were among the top Nifty50 gainers today, up more than 2.5 per cent on the NSE.
Wed, Apr 19, 2023
Earlier today, the government reimposed a windfall tax of Rs 6,400 on domestically produced crude oil applicable from April 19, 2023. It scrapped the export duty on diesel and the windfall tax on petrol and aviation turbine fuel (ATF) continues to be zero.
Mon, Apr 10, 2023
Shares of Mahanagar Gas Ltd (MGL), Petronet LNG, Gujarat Gas, Oil India, Oil and Natural Gas Corp (ONGC) and GAIL (India) rose on Monday as Dalal Street turned bullish on gas distribution companies.
Tue, Apr 04, 2023
The government has cut the windfall profit tax on domestically produced crude oil to zero and halved the levy on the export of diesel to Rs 0.50 per litre in line with softening international oil prices, according to an official order.
Mon, Apr 03, 2023
Most energy stocks such as Oil and Natural Gas Corporation (ONGC), Oil India Limited (OIL), Mangalore Refinery & Petrochemicals (MRPL), and Chennai Petroleum Corporation were in demand during Monday's trading session on the exchanges.
Trading ideas for April 3: In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Monday. Check out which stocks are on analysts Kushal Gupta and Arman Nahar's radar, and what they recommend in cash and derivative segments.
Tue, Mar 21, 2023
Energy stocks such as Oil and Natural Gas Corporation (ONGC), Oil India and GAIL traded in red on Tuesday, even after the government lowered a windfall tax cut on domestically-produced crude oil by 20.5 per cent to Rs 3,500 per tonne.
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