Oil Companies India

A day after External Affairs Minister S Jaishankar's visit, the United States sanctioned an Indian company for purchasing Iranian petroleum and petrochemicals.

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams as requested by the supplier.

The Enforcement Directorate has arrested a man for allegedly laundering multi-crore funds by duping people in the name of investments into hedge funds of prominent Russian oil company Rosneft.

International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

A Trinamool Congress MLA's food and edible oil company has received notice from the Enforcement Directorate over suspicious financial transactions between his company and two Kolkata-based channels, sources have said.

Patanjali Foods Ltd will soon cut prices of soyabean oil, sunflower oil and palm oil by Rs 10-15 per litre to pass on the benefits of fall in global prices, a top company official said.

Indian Oil Corporation (IOC), Bharat Petroleum and Hindustan Petroleum may post a combined loss of Rs 10,700 crore in June quarter on selling petrol and diesel at rates below cost, a report said on Monday.

The windfall taxes on domestic crude oil production and fuel exports will generate close to $12 billion (Rs 94,800 crore) for the government in the remainder of the current fiscal while trimming profits of firms such as Reliance Industries Ltd and ONGC, Moody's Investors Service said Tuesday.

Tata Motors has set a target to sell about 50,000 electric vehicles (EVs) in the FY23, and double it in the 2023/24 period, Chairman N Chandrasekaran told a shareholders' meeting. The company's performance is expected to improve in this fiscal year as the overall supply situation is gradually become stable.

ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.

European countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24, but India has not explicitly condemned the action.

Data compiled from the IRClass website shows that the Indian Register of Shipping has certified more than 80 ships managed by SCF Management Services (Dubai) Ltd, a Dubai-based, a subsidiary of Sovcomflot.

India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow.

Sri Lanka has reached out to several companies suggested by Russia's embassy in Colombo to buy crude oil, Energy Minister Kanchana Wijesekera said on Sunday, in an attempt by the debt-ridden island nation.

A day after External Affairs Minister S Jaishankar's visit, the United States sanctioned an Indian company for purchasing Iranian petroleum and petrochemicals.

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams as requested by the supplier.

The Enforcement Directorate has arrested a man for allegedly laundering multi-crore funds by duping people in the name of investments into hedge funds of prominent Russian oil company Rosneft.

International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

A Trinamool Congress MLA's food and edible oil company has received notice from the Enforcement Directorate over suspicious financial transactions between his company and two Kolkata-based channels, sources have said.

Patanjali Foods Ltd will soon cut prices of soyabean oil, sunflower oil and palm oil by Rs 10-15 per litre to pass on the benefits of fall in global prices, a top company official said.

Indian Oil Corporation (IOC), Bharat Petroleum and Hindustan Petroleum may post a combined loss of Rs 10,700 crore in June quarter on selling petrol and diesel at rates below cost, a report said on Monday.

The windfall taxes on domestic crude oil production and fuel exports will generate close to $12 billion (Rs 94,800 crore) for the government in the remainder of the current fiscal while trimming profits of firms such as Reliance Industries Ltd and ONGC, Moody's Investors Service said Tuesday.

Tata Motors has set a target to sell about 50,000 electric vehicles (EVs) in the FY23, and double it in the 2023/24 period, Chairman N Chandrasekaran told a shareholders' meeting. The company's performance is expected to improve in this fiscal year as the overall supply situation is gradually become stable.

ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.

European countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24, but India has not explicitly condemned the action.

Data compiled from the IRClass website shows that the Indian Register of Shipping has certified more than 80 ships managed by SCF Management Services (Dubai) Ltd, a Dubai-based, a subsidiary of Sovcomflot.

India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow.

Sri Lanka has reached out to several companies suggested by Russia's embassy in Colombo to buy crude oil, Energy Minister Kanchana Wijesekera said on Sunday, in an attempt by the debt-ridden island nation.