Government headhunter Public Enterprises Selection Board (PESB) on June 17 called ONGC Chairman and Managing Director Shashi Shanker to assist in selecting the new Director (Finance) of HPCL

The Cabinet note being readied by the government is likely to suggest bringing down the minimum requirement for companies trying to get into the retail fuel segment.

Markets Live: Sensex closes 372 points or 0.99 per cent lower at 37,090 and Nifty ended at 11,148 down 130.70 points or 1.16 per cent.

Share Market Updates: The Indian equities ended lower in choppy trade for the eighth stright session on Friday, tracking weak cues from Asian peers.

Except auto, all other sectoral indices ended in green backed up by gains in bank, IT, energy, telecom and finance.

Share Market Updates: Overall 22 stocks out of 30 stocks closed in the red on Sensex and 30 out of 50 stocks closed in the red on NIFTY 50.

ONGC in January last year bought the government's entire 51.11 per cent stake in HPCL for Rs 36,915 crore. HPCL thereafter became its subsidiary but HPCL management has continuously refused to recognise ONGC as its promoter

The BSE Sensex hit an all time high of 39,364.34 in intra-day trade and the NSE Nifty crossed 11,800 mark to hit a fresh high of 11,810.95; all the sectoral indices ended in positive terrain, barring realty stocks, led by bank, consumer durables and auto stocks

With this development Vadra, brother-in-law to Congress chief Rahul Gandhi, gets protection from arrest in a money laundering case that the Enforcement Directorate is pursuing against him

Scrambling to meet fiscal and revenue targets the government has already been leaning on PSUs to pay more interim dividends, and now wants state-owned banks to deposit tax ordinarily payable in April before the end of the month

ED has alleged that Vadra and his associates received kickbacks in a 2008 petroleum deal between state-run Oil & Natural Gas Corporation and Samsung Engineering, and the proceeds were used to buy several plush properties in London on his behalf