SC appoints Australian arbitrator for RIL gas dispute with min...

New Delhi : On one side where Indian Oil has relieved people by providing small cylinders at the grocery stores, the Ministry of Labour has rejected the request of deducting 12% provident fund from salaries. In the proposal sent to the Ministry ...

India's Crude Oil imports is seen rising in March on a year-on-year basis while weakness in prices may come as a relief to the Government trying hard to rein in current account defict at manageable levels. According to Ministry of Petroleum and ...

Oil ministry schedules crucial meet tomorrow on KG-D6 gas supply: Sources -Joint secretary (Refineries) PK Singh to discuss KG-D6 gas supply agreements -Oil ministry calls meeting to extend GSPAs lapsing on March 31 Alert: GSPAs are Gas Sales ...

Without the government subsidy, state-owned fuel retailers Indian Oil Corp (IOC), HPCL and BPCL will report losses in the third quarter. HPCL is scheduled to report its earnings today while BPCL results are due on tomorrow, followed by IOC on February 13.

Norway's finance ministry has told its $810 billion oil fund to stop investing in two Israeli firms and one Indian company on ethical grounds OSLO/NEW DELHI: Norwegian government has asked its sovereign wealth fund not to invest in Sesa Sterlite and two ...

In the first disinvestment through block deal this fiscal, a ministerial panel on Thursday approved selling 10 per cent government stake in Indian Oil Corporation to Oil and Natural Gas Corporation and Oil India Limited to rake in Rs 4,800-5,000 crore (Rs 48-50 billion). With Oil Ministry continuing to be opposed to selling IOC shares on stock market like other disinvestments, an Empowered Group of Ministers headed by Finance Minister P Chidambaram today decided to sell 24.27 crore (242.7 ...

Veerappa Moily has two seemingly incompatible jobs. As oil minister, he has overseen India's petroleum and natural gas needs. But now he also runs the environment ministry, where he has issued permits for 100 stalled projects in a month-long spree that has delighted industry but shocked green activists. Since taking the additional environment portfolio on December 24, he has given his go-ahead to projects worth some $40 billion, including Posco's $12.6 billion steel plant and forest clearances ...

A panel of ministers headed by Finance Minister P Chidambaram will decide tomorrow the price at which Indian Oil shares will be sold to ONGC and Oil India. The government had offered a 10 per cent shareholding in IOC to ONGC and OIL at a discount of about 10 ...

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas went up to US$ 105.91 per barrel (bbl) on 14.04.2014. This was higher than the price ...