In an interview with CNBC-TV18, RS Sharma, Former Chairman, ONGC said it is high time that customs duty on the crude prices should be removed altogether. “We do hope that tomorrow there is some decision taken on that,” he added.

Poor investor sentiment might plague ONGC FPO: Ex-chairman

RS Sharma, former chairman of state-run Oil and Natural Gas Corporation (ONGC) says that the government will not realise good value from the company's FPO without providing clarity on issues like pricing and subsidy sharing.

Jindal Drilling sees increase in rig demand due to oil rate

DP Jindal, Chairman of Jindal Drilling, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, said that reason for them buying a rig is because the rig demand has been going up for exploration and production along with the oil prices.

ONGC Q4 woes: Chairman says higher subsidy burden culprit

Speaking to CNBC-TV18, chairman AK Hazarika said the additional subsidy burden borne by the company has dented its profits.

Parikh gives thumbs down to govt hiking subsidy burden

Dr. Kirit Parikh, Member, Planning Commission, Government of India speaking to CNBC-TV18 about the same said, "Certainly upstream companies are being asked to pay more. It certainly doesn't make much economic sense."

RS Sharma warns subsidy burden may dampen market mood

RS Sharma, former chairman of ONGC, in an exclusive interview CNBC-TV-18's Udayan Mukherjee and Mitali Mukherjee, said that the downstream fuel retailers are under a lot of stress. “The higher upstream subsidy burden will not be well received by the market,” he added.

Experts see ad-hocism in oil subsidy sharing to continue

In an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, RS Sharma, former chairman of ONGC and Kirit Parikh, member of Planning Commission, said that the government has never clarified on the subsidy sharing mechanism for upstream companies and higher upstream burden will not be received well by the market.

FPO may be impacted if subsidy burden is increased: ONGC

The government has increased upstream subsidy share to 38.5% of its total subsidy in this fiscal, reports CNBC-TV18 quoting sources. It is learnt that due to this move, upstream oil companies will have to bear Rs 30,000 crore in FY11.

Ad hoc nature of subsidies should be eliminated: RS Sharma

The government has closed its oil subsidy account for fiscal year 2011 by giving state-owned oil marketing companies an additional subsidy of Rs 20,000 crore.

Expect EGoM to hike fuel prices on May 11: ONGC

State-owned Oil and Natural Gas Corp's (ONGC) Rs 11,500 crore public offer is finally on track with a possible July opening after being deferred twice due to weak market.

Cairn-Vedanta deal delay to upset foreign investors: FT

The Cairn-Vedanta deal has been hanging for the last eight months and delay in government approvals has forced Cairn India and Vedanta to extend the deadline for the deal to May 20. In an exclusive interview on CNBC-TV18, Amy Kazmin, South Asia correspondent of Financial Times shares her point of view on the issue.

Cairn deal referred to GoM a disappointment: RS Sharma

The former chairman of ONGC, RS Sharma, in an interview on CNBC-TV18 gave his take on the latest coming out of the Cairn-Vedanta deal.

Cairn deal may go through if royalty clause removed: Sharma

The oil ministry watered down some of its earlier 11 pre-conditions pertaining to the USD 9.6 billion Cairn-Vedanta deal.

Union Budget: FY12 divestment target achievable, says Enam

Dharmesh Mehta, Enam says, divestment targets are looking realistic. “I am very confident that it will be achieved,” he adds.

Clarity on subsidies before ONGC FPO hits market: RS Sharma

In an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, RS Sharma, former chairman of ONGC said he expects clarity on subsidies in the next one-month before the oil major’s follow on public offer hits the market.

ONGC nod needed for Cairn-Vedanta deal: RS Sharma

In an interview with CNBC-TV18, former Chairman of ONGC RS Sharma spoke on his tenure at ONGC and the voluntary services he is offering to resolve the Cairn-Vedanta deal conflict.

RS Sharma retires from ONGC: What next?

As CMD of ONGC, RS Sharma presided over 60 board meetings, cleared investments of 1.48 lakh crore and expenditure of 1.7 lakh crore, reports CNBC-TV18.