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HPCL is the loser in Rajasthan refinery complex tug-of-war

2018-01-15 thehindubusinessline
It was in 2013 when the foundation stone was laid for Hindustan Petroleum Corporation’s Rajasthan refinery-cum-petrochemical complex. Tuesday will see an encore happening with Prime Minister, Narendra Modi, doing the honours in a ‘commencement of work’ function. (4-0)

Petrol, diesel may get costlier in Delhi; higher rental to affect 400 pumps

2018-01-14 business-standard
Delhiites might soon have to pay more for motor fuel, a sequel to an earlier decision by the Delhi Development Authority (DDA), the land allotment agency, putting outlets retailing these in the same commercial category as malls. Sources say the resulting higher rentals might affect at least 400 outlets in DDA areas. The decision to raise land rentals with effect from 2007 has been contested by Hindustan Petroleum Corporation (HPC), Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPC) in the Supreme Court. (7-0)

Too early for DGH to become regulator, says Oil Minister

2018-01-11 thehindubusinessline
It is too early to give the Directorate General of Hydrocarbons (DGH) a role akin to a regulator, said Dharmendra Pradhan, Minister for Petroleum and Natural Gas. (5-0)

State-owned oil cos to approach banks to halve card payment fee: Report

2018-01-08 moneycontrol
Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) will approach banks to reduce card transaction fees for petrol and diesel purchases by half, sources told Mint. (4-0)

News Live: 7 smallcaps Dolly Khanna, Porinju, Vijay Kedia are betting on for 2018

2018-01-02 moneycontrol
Ace investors such as smallcap czar Porinju Veliyath of Equity Intelligence India, Vijay Kedia of Kedia Securities and Dolly Khanna have several smallcap names in their bets for 2018, reports The Economic Times. Kedia is betting on Everest Industries and Vaibhav Global. Dolly Khanna is positive on Butterfly Gandhimathi Appliances and Rain Industries. Porinju's top bets for 2018 include Tata Coffee and Tata Global Beverages. (42-1)

HPCL, BPCL, IOC fall 1-2% as Brent crude oil trades above $67/bbl

2018-01-02 moneycontrol
Shares of oil retailers fell 1-2 percent intraday Tuesday following further increase in Brent crude oil prices on ongoing supply cuts. (4-0)

News Live: Mukesh Ambani sixth in 2017 global fastest wealth creators list

2018-01-02 moneycontrol
Indian billionaire Mukesh Ambani was among the world's fastest wealth creators in 2017 in terms of percentage changes in net worth, reports The Economic Times. From Asia, China's Ma Huateng, of Tencent Holdings, nearly doubled his wealth to $41.2 billion, adding $20.3 billion in 2017. India's Mukesh Ambani was the second best: his wealth grew 77%, and the year-end figure was $40.2 billion. (38-0)

News Live: India Dec Nikkei Manufacturing PMI at 54.7 vs 52.6 MoM

2018-01-02 moneycontrol
A Securities and Exchange Board of India (Sebi) proposal to make listed firms disclose defaults on their loans within a day of it happening is stuck in a turf war between the Reserve Bank of India (RBI) and the markets regulator, sources told Mint. The central bank has reservations about the Sebi proposal as it considers banks to be the biggest stakeholders in default data and believes such data is not for public consumption, sources said. (35-0)

News Live: Sebi plan on loan defaults runs into RBI hurdle, says report

2018-01-02 moneycontrol
A Securities and Exchange Board of India (Sebi) proposal to make listed firms disclose defaults on their loans within a day of it happening is stuck in a turf war between the Reserve Bank of India (RBI) and the markets regulator, sources told Mint. The central bank has reservations about the Sebi proposal as it considers banks to be the biggest stakeholders in default data and believes such data is not for public consumption, sources said. (20-0)

News Live: US blocks $255m military aid to Pakistan

2018-01-02 moneycontrol
The United States has suspended its $255m military aid to Pakistan for now, the White House has confirmed, saying the fate of such assistance will depend on Islamabad's response to terrorism on its soil. The confirmation comes on the same day when US President Donald Trump accused Pakistan of giving nothing to the US but "lies and deceit" and providing "safe haven" to terrorists in return for $33bn aid over the last 15 years. (20-0)

Crude prices gallop on: OMCs to be in focus

2017-12-29 thehindubusinessline
Shares of oil marketing companies (OMCs) such as Hindustan Petroleum Corp, Bharat Petroleum Corp and Indian Oil may come under pressure with crude oil prices zipping past the $66 mark at NYMEX, and $60 at ICE. (7-0)

Good news! Now the LPG cylinder will not be expensive every month

2017-12-28 freepressjournal.in
New Delhi: The government has withdrawn its decision to raise LPG prices by Rs 4 per cylinder every month as the move was seen contrary to its Ujjwala scheme of providing free cooking gas connections to the poor. (4-0)

Big divestment targets will be a thing of the past post FY19 budget

2017-12-26 moneycontrol
Having exhausted its traditional method of generating revenue through stake sales, the government is increasingly seeking to raise funds through a complete takeover of companies within the same sector. (5-0)

Deals Buzz: Videocon may be referred to bankruptcy court

2017-12-26 livemint
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. (3-0)

Local ship-owners face heat over new global rule on low- sulphur bunker

2017-12-25 thehindubusinessline
Local ship owners looking to grab charter contracts of more than five years from state-run oil firms are staring at the uncertainty and cost implications arising from a new global rule on using low sulphur content fuel oil. (3-0)