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  • BofA-ML says time is right for RBI to taper oil swap window Nov 05, 2013 06:18 PM IST

    BofA-ML says time is right for RBI to taper oil swap window

    The RBI opened a forex swap window in August to meet the entire daily dollar requirements of three oil marketing companies as the rupee depreciated to an all-time low of 68.85 against the US currency.

  • Parekh recos must, but govt may stay away till polls: Pros Oct 28, 2013 09:20 PM IST

    Parekh recos must, but govt may stay away till polls: Pros

    Experts believe that government must implement the recommendations of a one-time hike in diesel prices. However, they are skeptical of it as the elections are round the corner.

  • RBI says FX swap window for oil cos remains operational Oct 18, 2013 04:55 PM IST

    RBI says FX swap window for oil cos remains operational

    The RBI had opened a special window to provide dollars directly to oil companies since late August in a bid to shore up a battered rupee.

  • No petrol price cut for now: OMCs Oct 17, 2013 06:59 PM IST

    No petrol price cut for now: OMCs

    Sources in OMCs have confirmed that there is a cushion of almost Re 1 per litre, and that the decision of refraining from passing on the benefit was taken in light of the upcoming assembly elections in five states.

  • Rupee may settle at 64 by Dec'13: Nirmal Bang Oct 04, 2013 05:56 PM IST

    Rupee may settle at 64 by Dec'13: Nirmal Bang

    The USDINR pair is moving gradually towards its fair value and we see USDINR in a band of 60.50-63.50 in the short-term. However, it would be difficult for the pair to trade sub 60 in the absence of any significant domestic policy reforms. See the USDINR ending the December quarter at 64.00 handle against the US dollar, says Nirmal Bang.

  • LPG cylinders to be available at petrol pumps Oct 02, 2013 03:37 PM IST

    LPG cylinders to be available at petrol pumps

    "Consumers will be able to see the service ratings of all the distributors in their cluster and choose the one they want based on service levels," the statement said.

  • BPCL, HPCL fall on Moily's hint at 'no diesel price hike' Sep 25, 2013 12:41 PM IST

    BPCL, HPCL fall on Moily's hint at 'no diesel price hike'

    Moily said that the dual-pricing of diesel is not worrying. "At present the state transport undertakings (STU) are purchasing diesel at market real prices without any subsidy," he said in an interview to CNBC-TV18.

  • RBI moving towards de facto inflation target regime: I-Sec Sep 23, 2013 08:59 AM IST

    RBI moving towards de facto inflation target regime: I-Sec

    The mention of a stable nominal anchor both in the policy statement and in the terms of reference of the Urjit Patel committee on monetary policy framework attests to that. Having a stable nominal anchor i.e. a price stability objective would help RBI avoid the classic time inconsistency problem.

  • Buy HPCL at Rs 190: Ambareesh Baliga Sep 12, 2013 11:29 AM IST

    Buy HPCL at Rs 190: Ambareesh Baliga

    Ambareesh Baliga of Edelweiss Financial Services recommends buying Hindustan Petroleum Corporation (HPCL) at around Rs 190 as one may see a decent rally over the next few days in the oil sector.

  • Petrol price hiked by Rs 2.35 per litre, diesel by 50 paise Aug 31, 2013 07:09 PM IST

    Petrol price hiked by Rs 2.35 per litre, diesel by 50 paise

    Petrol price was today hiked by a steep Rs 2.35 per litre, the sixth increase in rates in three months, and diesel by 50 paise per litre on falling rupee and firming international oil prices.

  • Cairn India to gain from currency depreciation: Religare Aug 28, 2013 04:59 PM IST

    Cairn India to gain from currency depreciation: Religare

    In an interview to CNBC-TV18, Nitin Tiwari of Religare Capital Markets spoke about rising price of crude and its impact on oil marketing companies (OMCs).

  • Oil ministry mulls one-time diesel price hike by Rs 5/litre Aug 27, 2013 05:29 PM IST

    Oil ministry mulls one-time diesel price hike by Rs 5/litre

    Sources in the oil ministry reveal that it may be considering a one-time hike in prices of diesel by Rs 5 to ease the under-recovery burden of oil marketing companies (OMCs).

  • CCI may complete probe into state oil firms by October Aug 22, 2013 06:42 PM IST

    CCI may complete probe into state oil firms by October

    The Competition Commission of India (CCI) may complete its probe into alleged cartelisation by oil marketing companies in deciding petrol prices by early October, Parliament was informed today.

  • Buy OMCs, BPCL top pick: Macquarie Group Aug 22, 2013 01:41 PM IST

    Buy OMCs, BPCL top pick: Macquarie Group

    Bharat Petroleum Corporation (BPCL) is a top pick in oil marketing companies, says Jal Irani, Managing Director -Oil & Gas Research of Macquarie Group.

  • Oil importers fall as rupee slumps below 60-level Jul 30, 2013 03:52 PM IST

    Oil importers fall as rupee slumps below 60-level

    Shares in oil marketing companies extended losses on Tuesday after the rupee slipped below the 60 to the dollar mark.

  • After FinMin, CAG favours OMCs following EPP: Sources Jul 23, 2013 07:05 PM IST

    After FinMin, CAG favours OMCs following EPP: Sources

    After the finance minister, now the comptroller and auditor general wants the oil marketing companies to switch over to export parity pricing of petro products, reports CNBC-TV18‘s Nayantara Rai.

  • Oil Min seeks $1.9 bn centre subsidy for April-June: Source Jul 16, 2013 03:37 PM IST

    Oil Min seeks $1.9 bn centre subsidy for April-June: Source

    Oil ministry has sought Rs 11,451 crores ($1.91 billion) cash subsidy from the finance ministry to partly offset the revenue losses of state retailers for selling fuel at below-market prices in April-June.

  • Buy oil marketing companies: Ajay Srivastava Jul 09, 2013 01:17 PM IST

    Buy oil marketing companies: Ajay Srivastava

    One can buy oil marketing companies stocks if the government passes through the cost to the public, says Ajay Srivastava, CEO at Dimensions Consulting.

  • Weakening rupee reverses under-recovery gains for OMCs:ICRA Jul 02, 2013 03:43 PM IST

    Weakening rupee reverses under-recovery gains for OMCs:ICRA

    As the prices of sensitive products are regulated, the Rupee selling prices of these remain either unchanged or increase marginally, thereby increasing the gross under-recovery burden of OMCs. Weakening rupee reverses under-recovery gains for OMCs says ICRA in the study.

  • HPCL, BPCL, IOC's losses to widen 50% in FY13 on weak rupee Jun 21, 2013 11:43 AM IST

    HPCL, BPCL, IOC's losses to widen 50% in FY13 on weak rupee

    The rupee is currently trading at Rs 59.95 against the dollar A one rupee movement against the greenback increased under-recoveries by around Rs 9,000 crore for oil companies last month.

  • Avoid oil PSUs completely, says Dipan Mehta Jun 15, 2013 04:38 PM IST

    Avoid oil PSUs completely, says Dipan Mehta

    Dipan Mehta, Member, BSE & NSE says one should completely avoid oil public sector undertakings (PSUs) for portfolio.

  • Negative on Bharti Airtel, oil marketing companies: Patnaik Jun 12, 2013 04:23 PM IST

    Negative on Bharti Airtel, oil marketing companies: Patnaik

    Tirthankar Patnaik, EVP - Institutional Sales of Religare Capital says he is negative on Bharti Airtel due to weakness in rupee. "Bharti has USD 10 billion debt which is not fully hedged," he adds.

  • Bet on oil marketing companies, don't buy ONGC: Srivastava Jun 03, 2013 04:57 PM IST

    Bet on oil marketing companies, don't buy ONGC: Srivastava

    Ajay Srivastava, CEO of Dimensions Consulting advised buying oil marketing companies as these stocks could be almost doubled in next one or two years.

  • Oil marketing companies in multi year bull run: Baliga May 23, 2013 04:05 PM IST

    Oil marketing companies in multi year bull run: Baliga

    Ambareesh Baliga of Edelweiss Financial Services feels oil marketing companies are in a multi year bull run. He advised buying these companies.

  • FinMin okays Rs 45,000cr for Jan-Mar oil subsidy May 22, 2013 05:47 PM IST

    FinMin okays Rs 45,000cr for Jan-Mar oil subsidy

    Finance Ministry has approved Rs 45,000 crore for January-March oil subsidy. Meanwhile, export parity pricing, although agreed upon by oil ministry will atleast take three months to be implemented.

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