Thu, Apr 18, 2024
The company's outperformance is likely to continue with improved capital allocation & stable regulations supporting stable 18-20% ROE, the brokerage said.
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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.
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.
Tue, Nov 29, 2022
A government-appointed gas price review panel, led by Kirit Parikh, is recommending a floor and ceiling price for natural gas produced from legacy fields of state-owned firms for five years to help moderate CNG and piped cooking gas rates
The floor and ceiling price will be applicable for five years although the initial thought was to keep it for three years, they said adding the ceiling price will have an annual escalation clause.
Mon, Nov 28, 2022
On Nov 28, the Central government received a huge dividend tranche of Rs 5,001 crore from the ONGC. On November 11, the government received about Rs 690 crore from Bharat Petroleum Corporation Ltd as a dividend tranche.
A dividend is the distribution of a company's earnings to its shareholders and is determined by the company's board of directors.
In today's edition of Traders Diary, Zee Business research team brings its exclusive research on 20 stocks that investors and traders can refer to while making their strategies in them
Fri, Nov 18, 2022
Thu, Nov 17, 2022
Nifty Oil & Gas index was trading nearly flat at 8,307.80 with six stocks in the 15-share index trading in the green. The top gainers were Castrol India, Hindustan Petroleum and Reliance Industries. The top losers were Indraprastha Gas, Oil India Limited and Gujarat Gas
Wed, Nov 16, 2022
Oil & Natural Gas Corporation Ltd share price traded in positive territory on Nov 16 following the announcements of second quarter results and also plan to retake a 20% stake in Russia's Sakhalin oil and gas field
Mon, Nov 07, 2022
The world famous Lord Venkateswara temple of Tirupati has revealed its wealth for the first time. According to this, the property of Tirupati temple is more than Rs 2.5 lakh crore (about $ 30 billion), which is owned by IT company Wipro, food and beverage company Nestle and public sector oil company ONGC and Indian Oil. (IOC) market cap.
Thu, Nov 03, 2022
In today's edition of Traders Diary, Zee Business research team brings its exclusive research on 20 stocks that investors and traders can refer to while make their strategies in them
Fri, Oct 14, 2022
HDFC: Buy | LTP: Rs 2,349.80 | Target: Rs 2450| Stock looks good with a positional term view. Buy at Rs 2300. The stock has been an underperformer in this segment and has limited downside, technical analyst said
Mon, Oct 03, 2022
Shares of Oil and Natural Gas Corporation, Oil India, Mangalore Refinery & Petrochemicals, and Chennai Petroleum Corporation--zoomed up to 9.5% on the BSE intraday on Oct 3 as the government cut windfall profit tax on domestic crude oil.
The government on Saturday slashed the windfall profit tax on locally produced crude oil and diesel, in line with a fall in international rates.
Mon, Sep 19, 2022
ONGC, Oil India share price: On the back of multiple triggers, global brokerage house CLSA believes that the oil exploration and production companies Oil and Natural Gas Corporation (ONGC) and Oil India shares have a potential to grow around 40-50 per cent with both the stocks being a top Buy fro
Shares of Oil and gas stocks rose in a weak market on Monday after the government slashed windfall tax on domestic crude oil and exports of Aviation Turbine Fuel
ONGC management has told the government the savings from Russian oil buy should be allowed to be passed on to the company which will invest the same in identified projects.
Mon, Sep 05, 2022
Stocks to buy today: In a special segment ‘Bhasin Ke Hasin Share' aired on Zee Business with Managing Editor Anil Singhvi, Sanjiv Bhasin picked three stocks for investors - ONGC, Info Edge, and L&T Finance.
Wed, Aug 24, 2022
Global benchmark Brent crude settled at $100.22 a barrel, up $3.74, or 3.9%. US West Texas Intermediate crude closed $3.38, or 3.7%, higher at $93.74 a barrel.
Sun, Aug 21, 2022
A search-cum-selection committee, which was in February this year tasked to identify suitable candidates, began work only this month after terms of reference were finalised.
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