May 13, 2011 11:15 AM IST
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.
- May 13, 2011 10:19 AM IST
For FY11-12, the OMCs have got Rs 20,000 crore extra or additional cash subsidy from the government. With this subsidy, the OMCs will be able to make up for their revenue losses which they suffered while selling the fuel products below market price.
- May 12, 2011 06:39 PM IST
Kingfisher Airlines and Air India seem to be in for more trouble after the companies have been slammed as the biggest defaulters in terms of payments to Airports Authority of India and oil marketing companies (OMCs), reports CNBC-TV18’s Swati Khandelwal Jain quoting sources.
- May 04, 2011 01:47 PM IST
The Empowered Group of Ministers' (EGoM) meet on fuel prices is confirmed for May 11. CNBC-TV18's Nayantara Rai reports with more details on this done deal where the price could be hiked.
- Apr 11, 2011 12:02 PM IST
Anantha Narayan, Co-Head Equities at ICICI Securities is continue to be cautious on the oil marketing companies.
- Mar 07, 2011 09:37 AM IST
The Oil Marketing Companies (OMCs) have slipped today as crude oil prices surged to new two-year highs above USD 105 per barrel. At 09:32 hrs Hindustan Petroleum Corporation (HPCL) was quoting at Rs 319.95, down Rs 9.30, or 2.82%.
- Feb 28, 2011 03:28 PM IST
RS Sharma, Former Chairman of ONGC, in an interview with CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12.
- Feb 25, 2011 10:59 AM IST
RBS Asia Securities is expecting a low gross domestic product (GDP) than the street expectations. Parul Saini, ED, RBS Asia Securities Singapore says that Indian economy is expecting a growth of 8%.
- Feb 22, 2011 02:22 PM IST
According to Sharmila Joshi, Fairwealth Securities, the crude is going up and it is certainly not the best time for oil marketing companies.
- Feb 01, 2011 09:56 AM IST
Ignore oil marketing companies, says Ambareesh Baliga of Karvy Stock Broking.