TCS biggest wealth creator in 2012-17, Ajanta Pharma the fastest: Wealth Creation Study

Ajanta Pharma retains the tag of fastest wealth creator for the third time in a row and Asian Paints is the most consistent wealth creator, said the wealth creation study

After excise cut, FM says growth can aid recover revenue losses; Pradhan says Centre will ask states to cut VAT

Government officials indicate that a price cut of Rs 5 per litre on petrol and diesel is likely.

Government appointed advisors to decide on valuations of company: HPCL

Oil and Natural Gas Corporation (ONGC) will acquire Hindustan Petroleum Corporation (HPCL) later this year in a block deal at the prevailing market price and that would happen at some point during October or November.

Expect financial performance of FY18 to be better than previous year: ONGC

In an interview to CNBC-TV18, AK Srinivasan, Director-Finance at Oil and Natural Gas Corporation (ONGC) shared his FY18 outlook.

Confidence Petroleum's subsidiary commissions new unit to manufacture LPG cylinders

Confidence Petroleum's subsidiary commissioned new unit to manufacture liquefied petroleum gas (LPG) cylinders. The company manufactures LPG and auto LPG cylinders as well as markets commercial LPG. In an interview to CNBC-TV18, Nitin Khara, MD of the company spoke about latest happenings in the company as well as sector.

IOC, BPCL, HPCL sign pact to set up USD 40 billion refinery

Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) have signed a joint venture (JV) agreement for west coast refinery & petrochemicals. CNBC-TV18's Anshu Sharma caught up with Sanjiv Singh, CMD of IOC and asked him about the details of this partnership and way going forward.

Dynamic pricing to benefit all - customers, retailers and OMCs: IOC

IOC to seek review on withdrawal of tax sops by Odisha govt

The Odisha government Sunday withdrew tax sops allowed to Indian Oil Corporation Limited‘s (IOC) Paradip refinery. Speaking to CNBC-TV18, Chairman B Ashok, said the company has a strong case and will take it up with the state for reconsideration.

IOC chief hints at merger with Chennai Petro, no timeline yet

At a time when there is proposal for consolidation of oil companies from the Finance Minister, oil major IOC has plans to merge its subsidiary Chennai Petroleum Corporation Ltd with the the company.

Gas exploration to continue despite tough pricing scenario: ONGC

Vertical integration of state-owned energy firms would increase efficiency. says ONGC Chairman Dinesh K Sarraf in an interview to CNBC-TV18.

Might have to pass on jet fuel cost burden to passengers: GoAir

Speaking to CNBC-TV18, Krishnan Balakrishnan, Chief Financial Officer at GoAir, said that rising jet prices were affecting the margins of every airline.

IOC sees no under-recovery on petrol, diesel in FY17

Fuel price hike has been delayed and this is not good news for oil marketing companies as crude oil prices have fallen 15 percent since the OPEC deal. Speaking to CNBC-TV18 B Ashok, Chairman of IOC, said that they are keeping track of prices on a daily basis.

Evaluating Russia's offer for Yamal LNG phase two: Petronet LNG

LNG consumption, which is 40-45 million cubic meter per day, is expected to rise by 10 million cubic meter a day in current fiscal, says Prabhat Singh, MD & CEO of Petronet LNG.

ONGC Videsh eyes additional 11% stake in Vankor field

ONGC Videsh has acquired 15 percent stake in Vankorneft and is in the process of acquiring another 23.9 percent by consortium led by Oil India, IOC and BPRL, says the company's MD & CEO Narendra K Verma.

IOC hopes to be rid of inventory loss, sees better margins

IOC Chairman B Ashok hopes the gross refining margins to be better, but refrains from putting a number ahead of the quarterly results. In the quarter gone by, the GRM was at USD 3 per barrel.

See earnings growing by 17% this fiscal year: Antique

Dhirendra Tiwari, Head of Research at Antique Stock Broking tells CNBC-TV18 he is unfazed by concerns of Brexit hurting the growth of Indian IT companies such as Infosys which have a presence in the UK.

To allocate 16 coal blocks to meet MSME sector demand: Coal Secy

Eight out of the 16 mines will be allocated to the host states (where the mine is located) and the balance will be for non-host states, Coal Secretary Anil Swarup said.

Aim to improve refining capacity to 40 MT by 2018: BPCL

P Balasubramanian, Director-Finance, BPCL says impact of a rise in oil prices will be very small on the margin.

See Rs 2000-3000 cr EBITDA hit on 5% customs duty hike: IOC

AK Sharma, Director-Finance at IOC, says low crude price cannot be passed on to the customers as finished products are linked with product prices internationally.

Eyeing brownfield expansions not less than Rs 50k cr: IOC

The petchem major has decided to draw up a massive expansion plan, with a capex of more than Rs 1,50,000 crore.

No sell-off in Coal India for next 6 mnths: Divestment Secy

Falling crude prices is one of the main reasons for the ONGC divestment getting delayed, Johri said

Eye receivables worth Rs 45cr by FY15-end: Petron

In an interview to CNBC-TV18, Ajay Hans, managing director, Petron Engineering Construction shares his views on the latest order bagged by the company.

See 30-40% lower interest cost; H2FY15 better than H1: IOC

The interest costs for the company would be lower by 30-40% in FY15 compared to the last fiscal said B Ashok, chairman, IOC.

Subsidy burden seen at Rs 85,000 cr with fall in crude: IOC

In an interview to CNBC-TV18, B Ashok, Chairman, IOC, said the gas price hike will benefit industry and economy as a whole and expects a higher competition going ahead.

Will multi-year low crude prices impact OMCs?

RS Butola, Former Chairman of IOC says that low prices in terms of absolute numbers do not mean much for the oil marketing companies (OMCs) unless the crack, the difference between the crude oil price and the diesel price is high.