In an interview with CNBC-TV18‘s Sonia Shenoy and Anuj Singhal, ONGC CMD DK Sarraf explained why the firm‘s fourth quarter earnings released yesterday came in way below estimates.
State-owned ONGC Ltd is set to develop 45 drilling wells at a block in Krishna-Godavari basin at an estimated cost of Rs over Rs 16,000 crore.
V Vaidyanathan, CMD of Capital First, says that there is no significant reason for the stock's price dipping 20% on Tuesday. The depreciation of the rupee has not affected the company's SME portfolio as of now, but it will now adopt a cautious approach.
Reliance Industries (RIL) has spud its first exploration well in more than five years on the flagging natural gas fields in KG-D6 block as it looks for new reserves to supplement falling output.
Reliance Industries has received nod to drill new well in D6, reports The Economic Times. At 09:18 hrs Reliance Industries was quoting at Rs 791, up Rs 6.30, or 0.80%.
We are continuing our debate on the impending Merger Controls in India, effective 1st June, 2011.