Thousands of workers have already protested the privatisation of BPCL, fearing job losses, as India plans to invite international energy firms to participate in the privatisations

Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum --currently own most of the 66,408 petrol pumps in the country

The share price of the country's second-biggest state oil refiner fell 2.49% to the day's low of Rs 494.5 against the previous close of Rs 507.15 on BSE

The success of PSU sales will depend on whether they are actually sold or picked up by another PSU

The Cabinet Committee on Economic Affairs had on November 20 given a go-ahead for sale of govt's entire stake in BPCL, SCI, THDCIL and NEEPCO  to a strategic investor along with management control

The Cabinet approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control. This is excluding BPCL's equity share holding of 61 per cent stake in Numaligarh Refinery

At the interbank foreign exchange the rupee opened at 71.67, then gained further ground and touched a high of 71.59, registering a rise of 19 paise over its previous close

Cheering the government stake sale plan, BPCL share price gained as much as 4.38 per cent to touch an intraday high of Rs 528 apiece, after opening higher at Rs 520 against previous closing price of Rs 505.90

Air India-Bharat Petroleum disinvestment: Finance minister Nirmala Sitharaman said that the strategic disinvestment of Air India and Bharat Petroleum is critical for the government to meet its disinvestment target of Rs 1 lakh crore for the current fiscal year

BPCL Q2 results: Revenue from operations decreased 9.48 per cent to Rs 75,057 crore in July-September of this fiscal as against Rs 82,924 crore in Q2FY19. The figure stood at Rs 85,860 crore in June quarter this year

\"India wants to be the new destination for global energy players,\" Dharmendra Pradhan said

Next wave of reforms soon; pain points in manufacturing to be resolved: FM SitharamanFinance Minister Nirmala Sitharaman on Tuesday said the government will soon use its strong electoral mandate to usher in the next wave of reforms, and not to miss the bus this time. Without naming the reform measures unsuccessfully attempted by the Modi government in its first term, and in an apparent hint at land acquisition reform attempts by NDA1, she said the government's efforts last time we...

The Fitch group firm said that the linkages would be re-assessed in case of a decline in GoI's stake in an OMC and would also assess the continuance of government control in an OMC's decision making

The Saudi government-owned company reported revenues of $356 billion (around Rs 25 lakh crore) in 2018, which is six times the revenue generated by the Mukesh Ambani firm and 25 times the revenue generated by ONGC

In the first half of the current financial year, the government has earned Rs 1,54,798 crore in the form of dividends and profits from its entities. This is equivalent to 95 per cent of the entire year's target of Rs 1,63,528 crore

Even though Gangwal stands on thin ice if the powers entrusted in the shareholders' agreement are considered; Bhatia has much more to lose if this matter escalates further

At present, to obtain a fuel retailing licence in India, a company needs to invest Rs 2,000 crore in either hydrocarbon exploration and production, refining, pipelines or liquefied natural gas terminals

Stake sale in PSUs is top priority for the government in absence of which fiscal deficit is expected to widen in the next seven months.

The Expression of Interest document to invite bids is being given final touches. Bidding for the debt-laden national carrier will be conducted through a newly-developed e-bidding system