The Modi government’s plans to strengthen Central Public Sector Enterprises (CPSEs) through consolidation, mergers, and acquisitions got a huge positive response from the stock market participants.
The ministry of petroleum and natural gas has started discussions with state-run oil and gas companies to take forward the Budget proposal to create a globally competitive “oil major” by consolidating the firms.
Overseas fund raising season kicked-off for the year with state-owned Bharat PetroleumBSE 0.36 % Corp mopping up funds at a cheaper rate and NTPCBSE 1.23 % planning similar bond sale within weeks.
Technocrats D Rajkumar and Utpal Bora were today appointed as Chairman and Managing Director (CMD) of Bharat Petroleum
Shares of Cairn India, ONGC, and Oil India are back on fund managers’ radar after Brent crude prices rallied more than 60% over past four months to $49 a barrel on Wednesday. The oil exploration companies are likely to witness stock price rerating as higher crude prices are expected to result in stronger margin realisation, […]
Reliance, ONGC, BP and Others to Gain from Cabinet’s decision on new pricing for undeveloped fields in India
The Modi Government gave its nod to a series of proposals concerning India’s oil and