NEWS ON OIL & GAS
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December 05, 2022, Monday
Stocks to Watch: ONGC, Oil India, Hatsun Agro, Inox Green, Indus Towers
Stocks to Watch Today: SBI too may be in focus after the PSU bank successfully raised Rs 10,000 crore via its maiden infrastructure bonds.
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December 02, 2022, Friday
ONGC, Oil India jump up to 3% on sharp cut in windfall tax
The tax on crude oil produced by firms such as state-owned ONGC was reduced to Rs 4,900 per tonne from Rs 10,200 per tonne w.e.f December 02, ...
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December 02, 2022, Friday
Stocks to Watch: PB Fintech, NMDC, Axis Bank, Yes Bank, ONGC, Auto, Airline
Stocks to Watch Today: SoftBank Group is likley to sell a 5 per cent stake in PB Fintech via block deal at a base price of Rs 440 per share on ...
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December 01, 2022, Thursday
Proposed gas price revision to bring short-term relief to CGDs: Analysts
The proposed domestic gas pricing formula by Kirit Parikh panel will likely provide headroom to CGDs to reduce prices and improve margins, but ...
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December 01, 2022, Thursday
What's powering the rally in Reliance Industries' stock?
Another key reason for the recent stock surge, according to analysts at Jefferies, is the hope that the government may withdraw export duties on ...
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November 30, 2022, Wednesday
Reliance Industries seeks shareholder nod to alter MoA for EPC undertaking
Move comes following approval by RIL board in October to restructure the business; company also seeking shareholder nod for appointment of KV ...
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November 30, 2022, Wednesday
IGL, MGL: Parikh recommendations may trigger up to 11% rally in gas stocks
Barring Gujarat Gas, other gas related stocks like Reliance, ONGC, MGL, IGL are poised for the next upside
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November 30, 2022, Wednesday
IGL, MGL gain up to 4% post Kirit Parikh panel gas pricing recommendations
The S&P BSE Oil & Gas index hit a 52-week high of 20,653.57 in intra-day trade on Wednesday
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November 28, 2022, Monday
Reliance Industries surges 3%, trades at five-month high
Shares of Reliance Industries were trading higher for the third straight day, and have gained 5.4 per cent during the period.
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November 28, 2022, Monday
Raymond, Coal India: Over 60% of Nifty500 stocks trade above 200-DMA
Given the recent underperformance of the mid-and small-caps compared to their larger peers, analysts expect these two market segments, ...
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November 27, 2022, Sunday
Adani, TCG gear up for petrochemical foray as RIL eyes expansion in sector
Adani planning PVC plant in Mundra, Gujarat; TCG looking to make polymers, chemicals and PTA at Cuddalore, Tamil Nadu
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November 25, 2022, Friday
From banks to IT, analysts bet on these sectors as markets hit record highs
Metals, state-owned oil marketing companies, and export/global economy-linked sectors may not see any meaningful rally
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November 17, 2022, Thursday
Higher crude realisations have analysts upbeat on ONGC, Oil India
ONGC reported standalone earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs 18,810 crore
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November 16, 2022, Wednesday
Analysts see pressure on RIL, OMC's profitability amid firm oil prices
Their expectation is based on the recent action in October by the OPEC of cutting production by 2 million barrels per day. This suggests that ...
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November 15, 2022, Tuesday
ONGC up 3%, hits 4-month high post Q2 nos; board okays 35% interim dividend
Current trend in global oil & gas prices augurs well for ONGC, according to analysts.
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November 14, 2022, Monday
Stocks to Watch: Hinduja Group, RIL, SBI, LIC, M&M, Hindalco, KRBL, NDTV
Stocks to Watch Today: Shares of Apollo Tyres, Bharat Forge, Grasim, Indiabulls Housing Finance, IRCTC , MMTC, MTNL, SpiceJet and Strides Pharma ...
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November 14, 2022, Monday
RIL's logistics foray rides on growing retail print, govt supply-chain push
MMLP near Chennai to be key distribution hub for company in south; firm may bid for more MMLPs across country, say sources
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November 11, 2022, Friday
Future Retail saga explained: From rise & fall to Amazon-RIL court battle
As 15 entities including Reliance file their expressions of interest for Future Retail, here's all you need to know about the company and ...
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November 11, 2022, Friday
SC issues notice to SEBI on RIL plea on non-compliance of court order
The company had sought three documents from SEBI that it had claimed would exonerate it and its promoters from criminal prosecution initiated in ...
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November 10, 2022, Thursday
Adani, Reliance among 15 bidders in race to buy Future Retail's assets
Capri Global Holdings, OP Jindal group's Nalwa Steel and Power, Shalimar Corporation among companies expressing interest
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November 08, 2022, Tuesday
Reliance may retain Metro India's top management post-acquisition: Report
The acquisition includes 31 wholesale distribution centres, land and other assets owned by Metro
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November 07, 2022, Monday
Supreme Court issues notice to Sebi on Reliance's plea for documents
On August 5, the court directed the regulator to provide the necessary documents to Reliance
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November 07, 2022, Monday
Jio Payments likely to become subsidiary of Jio Financial Services
Sources in the know say that this 70 per cent stake held by RIL will be transferred to JFS. SBI will continue to own the rest of the 30 per cent ...
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November 04, 2022, Friday
HPCL slips 4%, nears 52-week low on net loss in September quarter
The state-owned oil marketing company reported the second straight quarterly loss despite revenue rising 30 per cent to Rs 1.13 trillion.
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November 03, 2022, Thursday
Hindustan Petroleum posts consolidated net loss of Rs 2,172 crore in Q2
The company blamed depressed marketing margins on motor fuels and LPG as the main reason for its profitability being impacted over the latest ...
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October 25, 2022, Tuesday
RIL: Bulls set eyes on Rs 3,500-mark as stock above support held since 2017
Domestic brokerage firm Prabhudas Lilladher, too, lowered its earnings outlook on RIL and trimmed the target price to Rs 2,892
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October 24, 2022, Monday
Samvat 2079: Sensex up 525pts; logs best Muhurat-day gain in 14 years
Muhurat Trading Session Wrap: Financial shares led by ICICI Bank, HDFC twins top gainers chart. Nestle, L&T also up smartly, while Hindustan ...
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October 21, 2022, Friday
RIL to demerge subsidiary RPPMSL's EPC business, combine it with its own
The demerged undertaking, together with the existing EPC team of RIL, will create a focused EPC undertaking to cater to the needs of the group
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October 21, 2022, Friday
Reliance Industries to demerge and list financial services business
Shareholders of RIL will receive one equity share of JFS of face value Rs 10 for one fully paid-up equity share of Rs 10 held in RIL.
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October 21, 2022, Friday
Windfall tax hits Reliance; Q2 net profit flat at Rs 13,656 crore
Reliance's revenue has jumped 34 per cent to Rs 2.33 trillion
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October 21, 2022, Friday
Markets end marginally up on Friday; Sensex, Nifty down 1% in Samvat 2078
The BSE MidCap index fell about 4 per cent in Samvat 2078, while the BSE SmallCap index added 0.4 per cent
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October 20, 2022, Thursday
RIL's telecom, retail biz to shine in Q2; O2C muted, say analysts
Volatile energy markets, windfall taxes to contribute to O2C weakness; company to report results on Friday
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October 17, 2022, Monday
OIL interested in picking up petroleum mining lease in Jaisalmer, Bikaner
OIL produces heavy oil and natural gas at Tanot Dandewala and Baghewala in the state, and is exploring PML for five more locations in the state.
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October 17, 2022, Monday
BPCL, HPCL hit 52-week lows on concerns of large losses in Q2FY23
Analysts believe that OMCs would see further decline in GRMs in Q2FY23, as cracks correct on a sequential basis and lower oil prices would drive ...
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October 14, 2022, Friday
Here's why Mehul Kothari recommends buying Gland Pharma, Indian Oil
According to the technical analyst from Anand Rathi, Gland Pharma can rally to Rs 2,350, while IOC can spurt to Rs 83.
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October 13, 2022, Thursday
Reliance sole bidder for Metro's India business, says report
Representatives for Metro and Reliance declined to comment, while a spokesperson for CP Group didn't immediately respond to requests for
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October 10, 2022, Monday
Reliance Industries, Jio in talks to raise funds through foreign loans
The loans, which are likely to have a five-year term, are anticipated to be priced 130-150 basis points higher than the Secured Overnight ...
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October 07, 2022, Friday
Mukesh Ambani joins the list of global rich with family office in Singapore
Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people ...
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October 06, 2022, Thursday
RIL-backed Viacom18 Media to stream FIFA World Cup on Jio Cinema for free
The commentary for FIFA matches will be available to users in English, Hindi, Malayalam, Bengali, and Tamil
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October 06, 2022, Thursday
Stocks to Watch: RIL, ONGC, OMCs, DLF, SpiceJet, Zee, BoB, Apollo Hospitals
Stocks to Watch Today: Shares of oil producers and marketing companies are likely to be in focus following the steep production cut by OPEC+.
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October 05, 2022, Wednesday
RIL bats for no caps on domestic gas price as govt panel seeks review
Any such move will delay investments in fuel production, company tells govt panel
