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21 June, 2018 3:09 PM Crude oil production drops 3% in May

India's crude oil production dropped 3 percent to just over 3 million tonnes in May on the back of dip in output from fields operated by state-owned Oil and Natural Gas Corp (ONGC). ONGC produced 1.84 million tonnes of crude oil in May as compared to 1.93 million tonnes in the same period last year, an official statement said here. The firm's output 55

20 June, 2018 5:22 PM Pawan Hans stake sale draws bids

Bids have been received for the strategic stake sale in helicopter services provider Pawan Hans, Civil Aviation Secretary R.N. Choubey said on Wednesday. A profit-making entity, Pawan Hans is a joint venture between the central government and ONGC. Under the disinvestment proposal, the government offered to offload its entire 51% stake in the company 68

20 June, 2018 7:08 AM Market Update: Bajaj Finance hits fresh 52-week high; RIL jumps 2%, TCS most active

The breadth of the market favoured advances, with 922 stocks advancing, 722 declining and 402 remaining unchanged. On BSE, 1256 stocks advanced, 1099 declined and 119 remained unchanged. The broader indices including the Nifty and the Sensex extended the morning gains this Wednesday afternoon with the Nifty up 50 points at 10,759 and the Sensex 69

7 June, 2018 4:53 PM Sensex, Nifty gain ground for second straight session

Firm global trend, domestic cues boost sentiment A strong global trend, along with positive domestic cues, helped the benchmark equity indices gain significant ground on Thursday. Investor sentiment improved after the recent correction in crude prices and the World Bank forecast that India would be the world’s fastest-growing economy in the next three 76

6 June, 2018 4:13 PM Petrol, diesel will not go out of reach of common man, assures Dharmendra Pradhan

“The government will take a holistic view [of the situation] so that petrol prices do not pinch them,” says the Oil Minister Oil Minister Dharmendra Pradhan on Tuesday vowed to not allow petrol and diesel prices go out of reach of the common man, saying the government is working on a holistic solution to price volatility without going back on reforms 59

28 May, 2018 8:34 AM Market Update: HPCL, BPCL along with pharma stocks propel Nifty higher; Tech Mahindra falls 4%

Bajaj Finserv, Britannia Industries, Jubilant Foodworks, Kotak Mahindra Bank, NELCO and Pidilite Industries were some of the stocks that hit fresh 52-week highs in afternoon trade. The broader are trading on a positive note this Monday afternoon, with the Nifty up 88 points at 10,693 and the Sensex gaining 255 points at 35,179. The Nifty midcap 75

24 May, 2018 4:33 PM ONGC tumbles over 11 pc on worries over windfall oil tax

Oil stocks tumbled up to 11 per cent today following reports that the government may levy a windfall tax on oil producers like ONGC as part of a permanent solution it is working on for moderating the spiralling retail prices of petrol and diesel. Shares of Oil & Natural Gas Corporation tanked 11.44 per cent to Rs 155.45 on the BSE. The tax, which may come in form of a cess, will kick in the moment 53

22 May, 2018 3:52 PM ONGC, OIL risk sharing subsidy burden: Moody’s

Prior to 2015, firms had paid for more than 40% of India’s annual fuel subsidy bill The recent rise in crude oil prices, if sustained, increases the risk that the Centre will ask state-owned Oil and Natural Gas Corp. (ONGC) and Oil India Ltd. (OIL) to share the country’s fuel-subsidy burden, according to Moody’s Investors Service. Both firms have not contributed 48

11 May, 2018 4:34 AM Nifty immediate hurdle placed around 10,785; Top 4 short-term trading strategies

"Nifty has strong support at 10,689 levels, a break out will take it to 10,630. On the upper side, the index will face a hurdle at 10,785 levels. A crossover will take it to 10,825 levels," says a report by Equity99 Nifty future closed Thursday 0.41 percent lower at 10,725. On the option front, maximum Put open interest is seen at 10,500 followed by 10,600 strike 70

7 May, 2018 10:43 AM Sensex jumps over 290 points, Nifty reclaims 10,700

New Delhi: Sensex jumped over 290 points while Nifty reclaimed 10,700 on bouts of buying in key frontline stocks of consumer durables, banks, auto and FMCG sectors amid mixed Asian cues. The BSE Sensex zoomed 292.76 points or 0.84 percent to close at 35,208.14 while the NSE Nifty jumped 97.25 points or 0.92 percent to 10,715.50. The Sensex touched a high of 35259.81 and a low of 34977.74 in intra-day 87