Windfall tax on petroleum crude hiked 84% to ₹6,000 per MT
Of the stocks included in the Nifty Oil & Gas index,13 are on the rise today, with Adani Total Gas and Oil India up 4.10% and 2.52%, respectively.
Of the stocks included in the Nifty Oil & Gas index,13 are on the rise today, with Adani Total Gas and Oil India up 4.10% and 2.52%, respectively.
Among other state-owned OMCs, Oil India, GAIL (India), ONGC shares surged up to 4% amid strong volume trade.
OMCs such as IOCL, BPCL, and HPCL are likely to swing back to the black, thanks to sharp narrowing of marketing losses on retail fuels and steady GRMs.
The public sector oil and gas major has declared an interim dividend of ₹6.75 on each equity share of ₹5, resulting in a total payout of ₹8,492 crore.
Total profits of the Fortune India 500 companies declined nearly 22% over the previous year, while cumulative revenues fell by 1.4%.
Public sector companies, in many ways, are the true jewels of the 500 list, and prove to be the best bets for those who want to earn steady returns on investments in the form of equity dividends.
Oil major Shell’s latest annual LNG Outlook talks about the growing importance of gas as an energy source as the world moves towards a low-carbon emission economy.
After two decades of relentlessly investing huge cash flows to create commodity-driven, asset-heavy businesses, the Reliance Industries chairman is thinking IPs, partnerships and, of course, data.
Profit from RIL’s digital services, retail, and refining helped offset weakness in its petrochemicals business.
Since the first Fortune India 500 list, in 2010, Indian Oil has been the topper. But this year, Mukesh Ambani-led Reliance Industries has beaten it to the No.1 spot.