Company Overview and News

 
Caught in election bind, Indian government looking for money in wrong places

2018-10-19 financialexpress
India’s government is caught in a bind. It needs money to appease voters ahead of a tighter-than-expected reelection campaign. But it’s also set praiseworthy deficit targets for itself that it’s already breached once. So it could use new ways to finance more spending.
IOC 533106 OIL HINDPETRO 530965 500104

 
India seeks investors for building 2nd phase of strategic oil storage

2018-10-17 moneycontrol
The government began roadshows to attract investors for building its second phase of strategic oil storage at a cost of over Rs 11,000 crore that would more than double the emergency cover against any supply disruption to 22 days.
HINDPETRO 500104

 
Government to focus on PSU mergers to meet divestment target

2018-10-16 freepressjournal.in
New Delhi: Given the recent decline in equity indices, the government may look at merger of public sector units to meet its divestment target for 2018-19, a senior finance ministry official said. “The market condition is not conducive for coming out with initial public offering and offer for sale of PSUs. We are witnessing lack of liquidity in the system which is impacting the equity market also,” the official said.
PFC PWQFY HINDPETRO 500104 532955 RECLTD 532810

 
EV-maker Twenty Two Motors eyes IT campuses to drive sales

2018-10-15 thehindubusinessline
Electric two-wheeler manufacturer Twenty Two Motors, which has partnered with Taiwan-based Kymco, on Monday said it was targeting Information Technology (IT) parks and campuses to drive sales of its products.
IOC HINDPETRO 530965 500104

4
Big gainers of the week - HPCL, Yes Bank, Bajaj Finance, RIL top the charts

2018-10-13 moneycontrol
Bulls had almost everything going their way on Friday, as benchmarks shrugged off weakness coming in from global markets and saw one of the biggest one-day gains since May 2016. For the week ended on October 12, 2018, both Sensex and the Nifty gained 1-1.5 percent.
IOC 500325 RELIANCE HCTHY TTNQY 505200 532540 RIGD 532281 BJJQY 500570 ZEEL TATAMOTORS EICHERMOT RLNIY 500034 YESBANK ECQRY 532648 YYBKY 530965 BAJFINANCE ZEEEY HCLTECH 505537 TCS HINDPETRO 500104 TTM

 
Oil stocks buck market trend! HPCL, Indian Oil, ONGC gain sharply after oil prices fall to two-week low

2018-10-11 financialexpress
Oil and gas stocks gained sharply on Thursday tracking a fall in oil prices to a two-week low, despite a huge sell-off in the Indian stock market amid a rout in global stock markets. Shares of oil marketing companies like Hindustan Petroleum Corp (HPCL), Indian Oil Corp, Oil and Natural Gas Corp, Bharat Petroleum Corp, and GAIL India climbed between 4-19.8% on the domestic bourses.
IOC BPCL 500547 BRQPY GAILY GAILF HINDPETRO 530965 500104

 
HPCL, BPCL, IOC shares rally 7-19% on sharp fall in crude oil prices

2018-10-11 moneycontrol
Fuel retailers Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation shares were among biggest gainers on the Nifty50 after sharp decline in crude oil prices on Thursday.
IOC BPCL 500547 BRQPY HINDPETRO 530965 500104

 
Iran sanctions: India ups imports from Saudi

2018-10-10 financialexpress
Indian refiners have sought additional four million barrel of crude oil from Saudi Arabia in November, a move that might partly compensate for any fall in their imports from Iran consequent to the US sanctions on the Persian Gulf country to be effective November 4.
500325 BPCL 500547 BRQPY RELIANCE RIGD HINDPETRO 500104 RLNIY

 
Saudi Arabia to supply extra oil cargoes to India in November as Iran sanctions loom

2018-10-10 financialexpress
Saudi Arabia, the world’s biggest oil exporter, will supply Indian buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday. The extra cargoes indicate a willingness by Saudi Arabia to increase crude supply to make up the shortfall once sanctions by the United States on oil exports from Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), start up on Nov.
500325 BPCL 500547 BRQPY RELIANCE RIGD HINDPETRO 500104 RLNIY

 
Saudi to supply extra oil cargoes to India as Iran sanctions loom

2018-10-10 thehindubusinessline
Saudi Arabia, the world's biggest oil exporter, will supply Indian oil refiners with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday. Reliance Industries Ltd, Hindustan Petroleum Corp , Bharat Petroleum Corp and Mangalore Refinery Petrochemicals Ltd are seeking an additional 1 million barrels each in November from Saudi Arabia, the sources said.
500325 BPCL 500547 BRQPY RELIANCE RIGD HINDPETRO 500104 RLNIY

 
Saudis To Boost Oil Supply To India As Iran Sanctions Kick In

2018-10-10 oilprice
Tsvetana is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing for news outlets such as iNVEZZ and…
500325 BPCL 500547 BRQPY RELIANCE RIGD HINDPETRO 500104 RLNIY

 
ONGC piling up debt due to govt decisions, says union

2018-10-09 livemint
Mumbai: The trade union body of the state-run Oil and Natural Gas Corporation (ONGC) has accused the government of “interfering with decision making and breaking the economic backbone of the company”.
HINDPETRO 500104

 
With a 23 paise hike, petrol now at Rs 87.73/litre in Mumbai

2018-10-09 moneycontrol
Petrol and diesel prices increased 23 paise and 31 paise, respectively, in Mumbai on October 9. With this hike, a litre of petrol now costs Rs 87.73 and diesel Rs 77.68 in the financial capital, according to Indian Oil Corporation (IOC).
IOC YESBANK BPCL 500547 BRQPY 532648 HINDPETRO 530965 500104 YYBKY

 
Fuel price reduction to be credit negative for OMCs, says Moody’s

2018-10-08 financialexpress
The government’s decision to reduce petrol and diesel prices by Rs 2.50 per litre, where oil marketing companies (OMCs) will absorb Rs 1 per litre, is seen as credit negative for the OMCs as their operating profits are expected to fall by Rs 6,500 crore in FY19.
IOC BPCL 500547 BRQPY HINDPETRO 530965 500104

 
Government prepares guidelines to hive off CPSEs’ non-core business

2018-10-08 freepressjournal.in
New Delhi: The Finance Ministry is drafting a framework for ministries and departments which they would follow while selling non-core assets of CPSEs, an official said. The ‘Asset Monetisation Framework’, which is being drafted by the Department of Investment and Public Asset Management (DIPAM), will help the administrative ministries to fast track hiving off and sale of non-core assets of central public sector enterprises (CPSEs) under their administrative control.
505141 524013 HINDPETRO 500104 HINFLUR SCOOTER

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