Rosneft, the majority owner of India's second-biggest private oil refinery, is keen to expand in the world's third-largest and the fastest-growing energy market

The Budget reveals the government is willing to stretch its finances by going off the fiscal glide path

Oil Ministry latest news: The Oil Ministry has moved a cabinet note seeking approval for hiving off state-owned gas utility GAIL (India) Ltd's pipeline business into a separate entity for a possible sale to a strategic investor at a later date. Here's what this exactly means

The government currently holds 53.29% stake in BPCL, and at prevailing market prices the share sale would fetch about Rs 60,000 crore to the government

The government expects to raise Rs 90,000 crore through sale of stakes in state-owned life insurance company LIC and IDBI Bank

Budget 2020: Industry leaders are not optimistic about the disinvestment and asset sale plan of the government as fetching the right price could be difficult in the current turbulent market.

Union Budget 2020 Live Updates: PM Modi says budget will increase income, investment, demand and consumption, and will bring new vigor in financial system and credit flow

In August last year, Reliance Industries head Mukesh Ambani had announced initial agreements to sell a 20 per cent stake in the oil-to-chemical business to the Saudi national oil company

Part II of this two-part series looks at another area of off-budget financing that has escaped CAG's attention - 'strategic disinvestment' in CPSEs the tabs for which are picked by other CPSEs. This is worrisome as it threatens to jeopardise financial health of many CPSEs, including the 'navaratnas' for short-term fiscal gains

Former Finance Secretary Subhash Chandra Garg said that these transactions would lay foundation for a much more ambitious programme of disinvestment of central PSUs

Share Market Update: During Thursday's trade, Sensex climbed to a fresh all-time high of 42,059 and Nifty too has hit a new lifetime high of 12,389 from 12,374.25 earlier.

Oil marketing companies have been asked to maintain or increase the dividend this year. ONGC has been asked to pay a dividend of around Rs 6,500 crore, whereas Indian Oil will have to pay Rs 5,500 crore

Bharat Bandh 2020 Updates: Banking services across Telangana severely hit by the nationwide strike called by various trade unions protesting the central government's 'anti-people' policies

Share Market Update :BSE S&P Sensex closed 206 points higher at 40,883 and NSE Nifty50 ended 62 points higher at 12,055

The crisis in the Middle East is likely to delay BPCL sale as no petroleum giant would be ready to loosen their purse strings in a volatile situation

The government plans to sell its majority stake in BPCL which can help it raise over Rs 70,000 crore. A senior Finance Ministry official had said this week that the sale might be deferred to the next fiscal

Share Market Update: BSE Sensex ended 17 points lower at 41,558 and Nifty closed 14 points higher at 12,260.

Share Market Update: Domestic indices Sensex and Nifty edged lower on Tuesday and fell 0.45% each by the closing bell today.

Government is killing the duck that lays the golden egg by initiating the strategic sale of its PSU assets through its policies on privatisation, disinvestment, and strategic sale of Central Public Sectors: BMS

Share Market LIVE: Vedanta, Axis Bank, SBI, Hindalco and YES Bank were among the top gainers on Friday. Dr Reddy, Bharti Airtel, Kotak Bank, Zee Entertainment and Bajaj Auto were among the top losers in today's trade.