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  • HPCL, BPCL, IOC slip 7-13% after govt hikes excise on petrol, diesel May 06, 2020 10:19 AM IST

    HPCL, BPCL, IOC slip 7-13% after govt hikes excise on petrol, diesel

    The move will not impact consumers and price hike will be absorbed by OMCs, a government official said

  • India to use low priced oil from Saudi Arabia, UAE to fill strategic reserves Apr 08, 2020 06:30 PM IST

    India to use low priced oil from Saudi Arabia, UAE to fill strategic reserves

    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.

  • Plunging fuel demand has OMCs worried on all fronts Apr 07, 2020 04:40 PM IST

    Plunging fuel demand has OMCs worried on all fronts

    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.

  • BPCL in talks with MNC's for commercial tie-ups after developing faster & cheaper tech to assay crude Apr 05, 2020 01:57 PM IST

    BPCL in talks with MNC's for commercial tie-ups after developing faster & cheaper tech to assay crude

    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.

  • Govt extends BPCL bid deadline to June 13 Mar 31, 2020 03:50 PM IST

    Govt extends BPCL bid deadline to June 13

    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.

  • Indian state refiners reduce oil processing runs as demand tumbles Mar 24, 2020 07:40 PM IST

    Indian state refiners reduce oil processing runs as demand tumbles

    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.

  • India's BPCL buys 2 million barrels extra Saudi oil for April Mar 12, 2020 09:32 AM IST

    India's BPCL buys 2 million barrels extra Saudi oil for April

    "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.

  • OMCs, paints companies share price up 2-10% as crude tanks; ONGC at 52-week low Mar 09, 2020 10:19 AM IST

    OMCs, paints companies share price up 2-10% as crude tanks; ONGC at 52-week low

    Shares of paint companies gained up to 2 percent, as the crude oil is the major raw material for them.

  • Govt invites bids for BPCL, to sell full 52.98% stake in company Mar 07, 2020 10:25 AM IST

    Govt invites bids for BPCL, to sell full 52.98% stake in company

    Expressions of Interest (EoI) for the strategic sale of BPCL were invited by May 2. Last date for investor queries is April 4

  • BPCL valuation high, evaluating bid: Anil Agarwal Mar 01, 2020 10:49 AM IST

    BPCL valuation high, evaluating bid: Anil Agarwal

    At the close of trading on Friday, BPCL had a market capitalisation of Rs 92,464.40 crore.

  • BPCL sheds over 2%; brokerage views mixed post Q3 earnings Feb 17, 2020 11:55 AM IST

    BPCL sheds over 2%; brokerage views mixed post Q3 earnings

    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.

  • IMG clears BPCL sale bid documents, to be issued after ministerial group nod Feb 16, 2020 11:17 AM IST

    IMG clears BPCL sale bid documents, to be issued after ministerial group nod

    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.

  • Russia's Rosneft keen to bid for BPCL Feb 05, 2020 12:55 PM IST

    Russia's Rosneft keen to bid for BPCL

    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.

  • Govt will not splurge to boost the economy: FM Sitharaman Feb 03, 2020 09:58 PM IST

    Govt will not splurge to boost the economy: FM Sitharaman

    She said when the government puts money infrastructure, it has cascading effect and give rise to economic activity.

  • Govt to issue BPCL EoI in next few days Feb 02, 2020 08:45 PM IST

    Govt to issue BPCL EoI in next few days

    The proceeds from BPCL stake sale will accrue to the government in the next fiscal beginning April 1.

  • Doubling of farmers income by FY22 could be focus area in Budget: Mayuresh Joshi Jan 28, 2020 10:43 AM IST

    Doubling of farmers income by FY22 could be focus area in Budget: Mayuresh Joshi

    A boost in rural productivity could create a multiplier effect in consumption as rural growth has de-grown urban growth in the past fiscal.

  • Successful disinvestment of BPCL, CONCOR to lay foundation for much bigger stake sell programme: SC Garg Jan 17, 2020 07:42 PM IST

    Successful disinvestment of BPCL, CONCOR to lay foundation for much bigger stake sell programme: SC Garg

    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.

  • Govt. asking higher dividend from oil PSUs a heaven-sent opportunity for yield seekers Jan 17, 2020 09:45 AM IST

    Govt. asking higher dividend from oil PSUs a heaven-sent opportunity for yield seekers

    To meet the shortfall in its revenue target the government has asked its favourite milch cows to deliver some more

  • IOC to decide on bidding for BPCL after govt lays out rules: Chairman Jan 16, 2020 01:56 PM IST

    IOC to decide on bidding for BPCL after govt lays out rules: Chairman

    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.

  • Budget 2020: 'Fiscal deficit likely to slip to 3.7% but market should be comfortable' Jan 15, 2020 10:39 AM IST

    Budget 2020: 'Fiscal deficit likely to slip to 3.7% but market should be comfortable'

    A slippage in the fiscal deficit beyond 4 percent will come as a shock, says Vinay Pandit of IndiaNivesh.

  • Take strategic disinvestment seriously for the sake of the future Jan 06, 2020 08:50 AM IST

    Take strategic disinvestment seriously for the sake of the future

    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

  • A wake-up call from a friend of India Jan 03, 2020 09:47 AM IST

    A wake-up call from a friend of India

    The economy is too fragile to be burdened with a disruptive programme such as the NRC

  • BPCL, Air India, CONCOR divestment unlikely in FY20: Source Jan 02, 2020 10:57 AM IST

    BPCL, Air India, CONCOR divestment unlikely in FY20: Source

    “The roadshows have happened. The next stage is getting the financials in place," the official added

  • Quality of disinvestment has a lot of room to cover Dec 26, 2019 10:47 AM IST

    Quality of disinvestment has a lot of room to cover

    The pessimism relating to disinvestment has its origin in the way  stake sales have been conducted.

  • Non-banking PSU stocks, private banks, metals likely to hog limelight in 2020 Dec 25, 2019 09:32 AM IST

    Non-banking PSU stocks, private banks, metals likely to hog limelight in 2020

    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.

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