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.
Mon, Jul 04, 2022
After the government announced export restrictions and imposed additional excise duty on petroleum products, brokerages feel oil production may hit upstream companies by under-realization.
Tue, Jun 28, 2022
At around 12:06 PM IST, Brent crude quoted at $ 112.77 a per barrel, up 1.45 per cent. US WTI Crude futures were up 1.4 per cent at $111.25.
Mon, Jun 20, 2022
The crude oil on Friday slipped four-week low to around 7 per cent, as investors feared that interest rate hikes could slow the global economy and cut demand for energy, according to a Reuters report.
Mon, Jun 06, 2022
Oil companies in focus! Singapore GRM jumps more than 10 times in one year. Why the strong rally in oil companies? Know full news from Varun Dubey.
In the last five sessions, Oil India/ ONGC shares have outperformed the market by gaining 16/5 per cent respectively on the BSE as compared to a 0.15 per cent gain in the S&P BSE Sensex.
Wed, Jun 01, 2022
The scrip on Wednesday gained over 5 per cent to Rs 251 per share on the BSE intraday. The counter is trading near its 52-week high of Rs 267.7 per share on October 01, 2021.
Tue, May 31, 2022
According to a Reuters report, oil prices extended gains on Tuesday as they breached $120 per barrel, after the European Union agreed to slash oil imports from Russia.
Mon, May 30, 2022
Shares of Aarti Industries, Astral Limited, Info Edge (India), FSN E-Commerce Ventures (Nykaa), PB Fintech (Policy Bazaar), City Union Bank, and Oil India Limited have jumped up to 10 per cent on the BSE intraday trade on Monday.
Fri, May 27, 2022
Q4 Results 2022: Listed companies including Indiabulls Real Estate, Oil India and Realty firm Puravankara declared their March quarter results. Here are key highlights of the quarterly earnings
Wed, Apr 13, 2022
Crude oil prices increased around 6 per cent on Tuesday amid reports of lower supply by oil producers and easing of lockdown curbs in parts of China, according to a Reuters report
Thu, Mar 17, 2022
Certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks.
Tue, Mar 15, 2022
The decline in ONGC shares was mainly due to softening of crude oil amid easing geopolitical situations between Russia-Ukraine.
Thu, Mar 10, 2022
Mon, Mar 07, 2022
Indian market plunged on Monday with BSE Sensex and Nifty50 falling over 2.5 per cent each amid a continuous surge in the crude oil prices as well as rising geopolitical concerns. The S&P BSE Sensex plunged nearly 1500 points while the Nifty50 closed below 15900 levels.
Sun, Jan 16, 2022
Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million - the second exit of an Indian firm from the US shale business in two months.
Wed, Nov 10, 2021
The company posted double-digit growth in both topline and bottom line, as well as the operating margin, which improved marginally during the quarter.
Wed, Sep 15, 2021
The shares of state-owned oil production companies Oil Natural Gas Corporation (ONGC) and Oil India has hit a new 52-week high after surging for over 5 per cent each on the BSE intraday on Wednesday on the back of higher crude oil prices and natural gas hitting a new 7-year high.
Tue, Jul 06, 2021
OIL has invited applications from eligible candidates from its production and exploration areas in the districts of Dibrugarh, Tinsukia, Sivasagar and Charaideo in Assam and Changlang district in Arunachal Pradesh for recruitment of workpersons in the following post at OIL, Field Headquarters, Duliajan.
Wed, Jun 23, 2021
Oil India Limited share prices hit a new 52-week high on Wednesday and were trading up by around 2.5 per cent on the BSE at Rs 154.8 per share. The stock prices have been climbing since the announcement of its Q4FY21 results on Monday.
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