May 06, 2020 10:19 AM IST
The move will not impact consumers and price hike will be absorbed by OMCs, a government official said
- Apr 08, 2020 06:30 PM IST
Oil Minister Dharmendra Pradhan had in the last few days held talks with his counterparts in Saudi Arabia and the UAE with a view to shoring up supplies.
- Apr 07, 2020 04:40 PM IST
While IOC, which controls more than 50 percent of the market, did not share its sales data, both BPCL and HPCL have said their diesel and petrol sales have fallen by over 55 percent.
- Apr 05, 2020 01:57 PM IST
The company is also in talks with leading international players in the crude assaying industry like Aspen, the largest in the segment, Honeywell, and Emerson, R. Ramachandran, Director (Refineries), at BPCL said.
- Mar 31, 2020 03:50 PM IST
This now has been extended to 5 pm on June 13 in "view of the requests received from the interested bidders and the prevailing situation arising out of COVID-19", an official notice said.
- Mar 24, 2020 07:40 PM IST
Asia's third largest economy with 1.4 billion people has reported about 500 cases of the virus but health experts say a big jump could be imminent. The government has halted domestic flights and most train and metro services.
- Mar 12, 2020 09:32 AM IST
"We will be taking two additional cargoes of Arab mix...we have got a mix of Arab light and Arab medium," BPCL's head of refineries R. Ramachandran told Reuters.
- Mar 09, 2020 10:19 AM IST
Shares of paint companies gained up to 2 percent, as the crude oil is the major raw material for them.
- Mar 07, 2020 10:25 AM IST
Expressions of Interest (EoI) for the strategic sale of BPCL were invited by May 2. Last date for investor queries is April 4
- Mar 01, 2020 10:49 AM IST
At the close of trading on Friday, BPCL had a market capitalisation of Rs 92,464.40 crore.
- Feb 17, 2020 11:55 AM IST
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 13.8 percent at Rs 2,702.7 crore versus Rs 2,374.9 crore and EBITDA margin was flat at 3.6 percent versus 3.7 percent, QoQ.
- Feb 16, 2020 11:17 AM IST
The government plans to sell its entire 53.29% stake in BPCL that will give buyers ready access to 14% of India's oil refining capacity and about one-fifth of the fuel market share in the world's fastest-growing energy market.
- Feb 05, 2020 12:55 PM IST
Rosneft, which is the majority owner of India's second biggest private oil refinery, is keen to expand in the world's third largest and the fastest growing energy market.
- Feb 03, 2020 09:58 PM IST
She said when the government puts money infrastructure, it has cascading effect and give rise to economic activity.
- Feb 02, 2020 08:45 PM IST
The proceeds from BPCL stake sale will accrue to the government in the next fiscal beginning April 1.
- Jan 28, 2020 10:43 AM IST
A boost in rural productivity could create a multiplier effect in consumption as rural growth has de-grown urban growth in the past fiscal.
- Jan 17, 2020 07:42 PM IST
From the perspective of non-tax income and receipts, 2019-20 will be an eventful year witnessing some extra-ordinarily positive events and a few misses, Garg said in a blog.
- Jan 17, 2020 09:45 AM IST
To meet the shortfall in its revenue target the government has asked its favourite milch cows to deliver some more
- Jan 16, 2020 01:56 PM IST
The Cabinet Committee on Economic Affairs had on November 21, 2019 decided to sell government's entire 53.29 per cent stake in country's second-largest state refiner BPCL, but a tender for sale hasn't yet been issued.
- Jan 15, 2020 10:39 AM IST
A slippage in the fiscal deficit beyond 4 percent will come as a shock, says Vinay Pandit of IndiaNivesh.
- Jan 06, 2020 08:50 AM IST
The last thing the government should do is hasten the process of disinvestment to be able to use the proceeds to turn in a respectable fiscal deficit figure by March 31
- Jan 03, 2020 09:47 AM IST
The economy is too fragile to be burdened with a disruptive programme such as the NRC
- Jan 02, 2020 10:57 AM IST
“The roadshows have happened. The next stage is getting the financials in place," the official added
- Dec 26, 2019 10:47 AM IST
The pessimism relating to disinvestment has its origin in the way stake sales have been conducted.
- Dec 25, 2019 09:32 AM IST
Investors are not confident in mid-caps and small-caps due to slowdown and are focusing on large-caps and that is why large-caps have outperformed.