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Business Today

The government is considering imposing strict measures, including a bond of at least Rs 10 lakh, to deter senior employees of public sector enterprises (PSEs) from joining private firms.

At around 11.45 am, ONGC commanded a market valuation of Rs 2,38,528 crore at the Bombay Stock Exchange, a little over Rs 600 crore higher than that of RIL.
The company has reported a sales turnover of Rs 1,851 crore, an increase of 33 per cent, compared to Rs 1,388 crore in the corresponding quarter of last year.
ONGC is without a chairman since end-January when R S Sharma retired, on attaining superannuation at the age of 60 years.
State-owned Indian Oil Corporation raises $500 million through an overseas bonds issue to fund its capital needs.
The funds will be spent on new mining projects, as well as for building washeries and buying new machinery and equipment, Chairman and Managing Director N C Jha said.