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BusinessToday.In
New Delhi, August 1, 2018
The list is topped by US giant Walmart, followed by Chinese state-owned power company, State Grid.


BusinessToday.in
New Delhi, May 25, 2018
Windfall tax on ONGC in offing to soften fuel pricesThe government may levy a windfall tax on oil producers like Oil and Natural Gas Corporation Ltd. as part of a permanent solution it is working on for moderating the spiralling retail prices of petrol and diesel.The tax, which may come in the form of a cess, will kick in the moment oil prices cross $70 per barrel, sources privy to the development said. Under the scheme, oil producers like ONGC, who get paid international rates for the fuel they produce from domestic fields, would have to part with any revenue they earn from prices crossing the $70-threshold.Trouble mounts for Vistara airlines over engine troubleVistara -- the airline joint venture between Tata Sons and Singapore Airlines -- faces more engine trouble than what the company would like to admit.The airline has been reporting multiple problems in its CFM Leap I engines, four of which have already been replaced after induction only a year ago. Another two are awaiting replacement following problems in their turbines. A couple of days ago, a Delhi-Bengaluru flight could not take off because the engine wouldn't start. Apologising to passengers on Twitter, Vistara admitted: \"Though it is a very new aircraft, there is a technical glitch that has caused the delay.\"Top I-T officers probing Nirav Modi scam under CBI scannerThe Central Bureau of Investigation is conducting a discreet enquiry against eight senior-most income-tax officials, including Central Board of Direct Taxes (CBDT) chairperson Sushil Chandra, under the direction of the Prime Minister's Office, sources in the Ministry of Finance have told India Today TV. Sources added that this was the reason why Chandra's extension has been put on hold for the past two months as his file is with the PMO. He was supposed to retire by the end of May. A vigilance clearance is being done against all CBDT members before selecting the final name on the direction of the PMO, sources said. It is believed that these I-T officials misreported and undervalued cash transactions that had taken place at showrooms owned by Nirav Modi's companies.EU's new data protection rules come into effect  The European Union's new data protection laws came into effect today. The EU's so-called General Data Protection Regulation (GDPR) has been blamed for a flood of spam emails and messages in recent weeks as firms rush to request the explicit consent of users to contact them. Brussels insists that the laws will become a global benchmark for the protection of people's online information, particularly in the wake of the Facebook data harvesting scandal. The law establishes the key principle that individuals must explicitly grant permission for their data to be used. The new EU law also establishes consumers' \"right to know\" who is processing their information and what it will be used for. People will be able to block the processing of their data for commercial reasons and even have data deleted under the \"right to be forgotten\".Bad loan problem gets worse! NPAs show 15% jump at Rs 7.31 lakh crore, says reportThe news on the banking sector's bad loan problem keeps getting worse. Earlier this week, reports pointed out that India's private banks have recorded a 450 per cent jump in gross NPAs in the past five years. But according to a recent CARE Ratings report, there has been a significant spurt in NPAs even on a quarterly basis where the fourth quarter results of the last fiscal are concerned.  So far, 26 banks, including the country's biggest lender the State Bank of India, have announced their Q4FY18 financial results. \"After moderating from 9.04 per cent in June 2017 to 8.93 per cent in September 2017, the [Gross NPA] ratio has ascended subsequently to peak at 10.14 per cent in March 2018,\" said the report.


BusinessToday.in
New Delhi, February 9, 2018
Oil and Natural Gas Corporation (ONGC) recorded a net profit of Rs 5,015 crore in quarter ending December 31, registering 15.2 per cent jump on QoQ basis. The net profit for this quarter is higher than Rs 4,352.33 crore in the same period a year ago.


PTI
January 9, 2018



PTI
December 18, 2017



Nevin John
New Delhi, November 6, 2017
Selling 60 per cent stake in 11 oil and gas fields of state-run ONGC has some strong positives - it will bring in private investment and global majors to buy into India's energy story.


PTI
New Delhi, October 29, 2017
State-owned Oil and Natural Gas Corporation (ONGC) on Saturday reported a 3.1 per cent rise in its second quarter net profit as impressive gain from rising oil prices were taken away by fall in government mandated natural gas rates.


Reuters
New Delhi, September 27, 2017
The sales plan would affect so-called \"nomination blocks\" or fields handed to state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd. The fields are both onshore and offshore.


Mahesh Nayak
July 24, 2017
So the question arises: Can the Indian government can do what the US government did 10 years back after the 2008 global financial crisis? What US government then did was politically a bad move of buying equities in companies being bailed out. But economically it was a good move and it helped the US economy recover better than expected.


BT Online
New Delhi, January 13, 2017
The Asian market saw a dip in Friday's morning trade while the US dollar was set to record a losing week on the back of investors anticipating President-elect Trump to stress on economic policies.


Saurabh Sharma
New Delhi, November 8, 2016
Financial conditions of some PSUs are so bad that at least 74 units have been identified by NITI Aayog for closure. Some PSUs that have figured in closure list are Bird Jute and Exports, Hindustan Papers, Hindustan Photo Films, Tyre Corporation and Richardson & Cruddas. 


PT
New Delhi, September 30, 2016
Rate of natural gas produced from existing fields of state-owned Oil and Natural Gas Corp (ONGC) and Reliance Industries has been cut to $2.5 per mmBtu for a 6-month period from October 1, from $3.06 per mmBtu currently.


BT Online
New Delhi, September 9, 2016
Shares of ONGC gained 2 per cent after the company said it is in talks to buy a stake in GSPC's KG basin block and has hired US-based consultant Ryder Scott to assess natural gas reserves.


PTI
New York, July 21, 2016
Indian Oil Corp is ranked highest at 161st among Indian firms, while another state-run firm ONGC has moved out of the rankings for 2016.


PTI
New Delhi, February 11, 2016
Net profit in October-December at Rs 1,286 crore was 64 per cent lower than Rs 3,571 crore in the same period a year ago, ONGC chairman and managing director DK Sarraf said.


PTI
New Delhi, January 15, 2016
The fall in cost of services, however, will lower the financial outgo, it said. There will be no cut in capex activities.


Mail Today Bureau
New Delhi, January 8, 2016
The new dividend policy has hiked the dividend income for the Central government from the earlier rates of 20 per cent of profit after tax (PAT) or 20 per cent of equity, whichever is higher.


IANS
Mumbai, December 25, 2015
The Mukesh Ambani-led Reliance Industries also held on its second ranking, with $57.96 billion revenue


PTI
November 23, 2015
With eight months of the current fiscal about to be over, the government has been able to sell stake only in four companies PFC, REC, Dredging Corp and IOC to net Rs 12,600 crore.


Reuters
October 20, 2015
ONGC Videsh Ltd (OVL) hopes to capitalise on cheaper assets after a slump in oil prices and Prime Minister Narendra Modi's diplomatic efforts to boost the global presence of Indian firms.


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