Over the past few days, India has ramped up oxygen production nationwide as supplies of the gas have fallen short and infections surge

The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million barrels of Saudi oil in a month

When the Organisation of Oil Exporting Countries and Major Producers (OPEC+) extended the production cuts into April, India unsheathed that weapon

State refiners, which control about 60% of India's 5 million barrels per day (bpd) refining capacity, together import an average 14.7-14.8 million barrels of Saudi oil in a month, the sources said

Business Today awards in Chennai saw Tamil Nadu CM Edappadi K. Palaniswami announce investments worth Rs 10 lakh crore, creating employment opportunities for 20 lakh people over next four years

Stock Market Updates Today: Sectorally, all the indices were rising, with 1.8% rise in media, financial services, PSU Bank and private banking indices.

RIL has said independent growth of company will enable focused approach towards opportunities across the O2C value chain. It will enhance efficiencies through self-sustaining capital structure and a dedicated management team

After demerger, holding company RIL will have upstream exploration and production business, financial services, treasury and textile business, while RIL O2C Ltd will have an oil-to-chemical business comprising refining and petrochemicals, fuel retail, and control over global subsidiaries of RIL

Berger has received in-principle approval for 22 acres of land from West Bengal Industrial Development Corporation while Dhunseri Ventures, formerly known as Dhunseri Petrochem which is into petrochemicals business, sought 38 acres in the industrial park

The board of ONGC at its meeting on February 13 approved creation of a new wholly-owned subsidiary company for gas and liquefied natural gas (LNG) business value chain, according to the firm's third quarter earnings announcement

The state-owned company's total income fell 12.1 per cent to Rs 15,900 crore. Sequentially, it rose 12.7 per cent from Rs 14,105 crore in July-September.

Finance Minister Nirmala Sitharaman in her budget for fiscal year announced plan to monetise oil and gas pipeline assets of IOC, GAIL and Hindustan Petroleum Corporation

The company's gross revenue declined by 2 per cent to Rs 35,596 crore as COVID-19 restrictions continued to have an impact on project site execution and Hyderabad metro operations.

'Reorganising refining and petrochemicals as oil-to-chemicals (O2C) reflects new strategy as well as management matrix', the company said in a post earning investor presentation

Analysts expect recovery in RIL's overall earnings in the October-December quarter though refinery earnings remain flat. RIL's consolidated revenue may fall to Rs 1.21 lakh crore from Rs 1.69 lakh crore during the year-ago period, a Bloomberg survey of 10 brokerages says

Company officials privy to the development said that the merger of HPCL and MRPL under conservative assumptions could happen by FY24-end as the MRPL-OMPL merger has to happen first

Mukesh Ambani built three sector-dominating businesses under RIL and cleaned off the conglomerate's debts by raising Rs 2.89 lakh crore

Backed by aggressive product-expansion strategies and big investments, D.C. Mehta-led Deepak Nitrite is taking the global chemical industry by storm

India Stock Market Highlights Today: M&M, followed by Bajaj Finance, Kotak Bank, SBI, ONGC, L&T, Tata Steel, Bajaj Finserv and Maruti were among the top gainers on Sensex pack. On the other hand, IndusInd Bank, HUL, PowerGrid, Titan and Nestle India were among the top losers today

RIL stock fell up to 4.47% to Rs 1962  against previous close of Rs 2,054 on BSE