Rishab Gupta, a partner at the Indian law firm Shardul Amarchand Mangaldas that represents M3nergy, confirmed on Wednesday the January 10 ruling was for the original 8 billion rupee amount given in 2017.
The CBCB issued notices to oil firms, seeking their explanation within 24 hours.
In a filing to stock exchanges on the company's shareholding pattern as of the end of September, HPCL continues to list "President of India" as its promoter with "zero" percent shareholding.
ONGC may have to pay the government approximately Rs 45,000 crore for taking controlling stake in HPCL — a 45 percent premium over its current market capitalisation
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ACC, Britannia Industries, Dabur India and Hindustan Petroleum Corporation and sell Indo Count Industries.
Here are top 10 stocks to focus on December 16 - Infosys, TVS Motor, Hindustan Petroleum Corporation Limited (HPCL), Indian Oil Corporation (IOC), State Bank of India (SBI), Punjab National Bank (PNB), Tata Power, Adani Power, Jaiprakash Associates and Hindustan Unilever (HUL).
Leading green fuel company Avantika Gas Limited (AGL) will set up six more CNG filling stations in Madhya Pradesh to meet the growing demand.
Saurabh Mittal of Swadeshi Credits shares is bullish on Reliance Power, Delta Corp, HPCL, IOC and has recommended buy rating on the stocks.
Steel Authority of India (SAIL) is having potential to hit target price of Rs 104-105, so one can buy this scrip, says Rahul Mohindar, Director, viratechindia.com.
One can prefer Bharat Petroleum Corporation (BPCL) from oil and gas space, as the stock is forming a very good chart. One can keep a target of Rs 420 in the scrip, says Kunal Bothra of LKP.
Technical analyst Sudarshan Sukhani of s2analytics.com told CNBC-TV18 that Nifty continues to be in uptrend since it is now at five month high.
Around one lakh litres of diesel spilled off Mundra coast in Kutch district of Gujarat from an oil jetty of a private port on Tuesday, when a consignment of Hindustan Petroleum Corporation Limited (HPCL) was being off-loaded from a ship. Principal Secretary Forest and Environment S K Nanda said on Tuesday.
National carrier Air India on Friday rejigged about 30 flights on its domestic and international sectors and operated 493 flights, matching the jet fuel supplies by oil firms.