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Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
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Oil Marketers Eye Over 50% Of Retail Sales In Cashless Mode By March
Bharat Petroleum said cashless transactions at its outlets have jumped to 26 per cent after November 8 when high value notes were banned, from 10 per cent time before and expects at least half of all transactions to turn cashless by March.
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Centre Asks Edible Oil Firms To Cut Cooking Oil Prices
The Centre today asked edible oil companies to cut the prices of cooking oils in line with the fall in global prices for the benefit of consumers.
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Centre Asks Edible Oil Firms To Cut Cooking Oil Prices
The Centre today asked edible oil companies to cut the prices of cooking oils in line with the fall in global prices for the benefit of consumers.
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UN Chief Slams Oil Firms For "Big Lie" On Global Warming
UN Secretary-General Antonio Guterres accused oil firms on Wednesday of peddling a "big lie" about their role in global warming and warned they should be held accountable.
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Probe Agency Arrests Man For Cheating On Pretext Of Russia Firm Investment
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.
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Central Pollution Control Board Sends Show Cause Notice To Oil Firm
The Central Pollution Control Board has asked oil firm Nayara Energy why a fine of Rs one crore should not be slapped on it and prosecution not initiated over non-compliance of the National Green Tribunal (NGT) order on installation of anti-pollution vapour recovery systems at fuel stations.
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Cairn Says Final Drafting Of Arbitration Award Against Retro Tax In Process
Cairn is seeking a compensation of $1.4 billion from the Indian government in the arbitration proceedings.
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Oil Marketers Eye Over 50% Of Retail Sales In Cashless Mode By March
Bharat Petroleum said cashless transactions at its outlets have jumped to 26 per cent after November 8 when high value notes were banned, from 10 per cent time before and expects at least half of all transactions to turn cashless by March.
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Indian Oil Lines Up Rs 40,000 Crore Investment To Expand Refining Capacity
Indian Oil Corporation (IOC) will invest Rs 40,000 crore to expand its refining capacity to over 100 million tonnes (MT) by 2022 as the largest domestic oil firm takes the lead to add capacity to meet the country's rising energy needs.
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Oil Firms Borrowed Billions. Now They're Getting Burned.
He'd borrowed from banks and investors and retirement funds, all in a frenzied mission to drill for oil and gas, and by the time Terry Swift realized he'd gone too far, this was his debt: $1.349 billion. His company, founded by his father almost 40 years earlier, had plunged into bankruptcy and laid off 25 percent of its staff. Its shares had been ...
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Don't Reimpose Customs Duty on Crude: Oil Firms
The government had cut customs duty on crude oil imports to zero in 2011.
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Algerian Court Jails 6 In Oil Firm Corruption Case
An Algerian court jailed six people on Tuesday in a corruption case involving state energy firm Sonatrach, including a former vice president and an ex-state bank chief, and it fined two local subsidaries for their role.
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India Will State Stand Before Relevant Authority: Jaitley on Cairn Case
The Indian government will "state its position" in the Cairn Energy tax dispute before the relevant legal authority, Finance Minister Arun Jaitley said here today after the British firm announced that it will seek from India over $1 billion in damages.
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Foreign Oil Firm, its Indian Unit May Face Rs 10,000 Cr Tax Demand
Without naming anyone, he spoke of transfer of shares involving a foreign multinational company and an Indian group firm.
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Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
-
Oil Marketers Eye Over 50% Of Retail Sales In Cashless Mode By March
Bharat Petroleum said cashless transactions at its outlets have jumped to 26 per cent after November 8 when high value notes were banned, from 10 per cent time before and expects at least half of all transactions to turn cashless by March.
-
Centre Asks Edible Oil Firms To Cut Cooking Oil Prices
The Centre today asked edible oil companies to cut the prices of cooking oils in line with the fall in global prices for the benefit of consumers.
-
Centre Asks Edible Oil Firms To Cut Cooking Oil Prices
The Centre today asked edible oil companies to cut the prices of cooking oils in line with the fall in global prices for the benefit of consumers.
-
UN Chief Slams Oil Firms For "Big Lie" On Global Warming
UN Secretary-General Antonio Guterres accused oil firms on Wednesday of peddling a "big lie" about their role in global warming and warned they should be held accountable.
-
Probe Agency Arrests Man For Cheating On Pretext Of Russia Firm Investment
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.
-
Central Pollution Control Board Sends Show Cause Notice To Oil Firm
The Central Pollution Control Board has asked oil firm Nayara Energy why a fine of Rs one crore should not be slapped on it and prosecution not initiated over non-compliance of the National Green Tribunal (NGT) order on installation of anti-pollution vapour recovery systems at fuel stations.
-
Cairn Says Final Drafting Of Arbitration Award Against Retro Tax In Process
Cairn is seeking a compensation of $1.4 billion from the Indian government in the arbitration proceedings.
-
Oil Marketers Eye Over 50% Of Retail Sales In Cashless Mode By March
Bharat Petroleum said cashless transactions at its outlets have jumped to 26 per cent after November 8 when high value notes were banned, from 10 per cent time before and expects at least half of all transactions to turn cashless by March.
-
Indian Oil Lines Up Rs 40,000 Crore Investment To Expand Refining Capacity
Indian Oil Corporation (IOC) will invest Rs 40,000 crore to expand its refining capacity to over 100 million tonnes (MT) by 2022 as the largest domestic oil firm takes the lead to add capacity to meet the country's rising energy needs.
-
Oil Firms Borrowed Billions. Now They're Getting Burned.
He'd borrowed from banks and investors and retirement funds, all in a frenzied mission to drill for oil and gas, and by the time Terry Swift realized he'd gone too far, this was his debt: $1.349 billion. His company, founded by his father almost 40 years earlier, had plunged into bankruptcy and laid off 25 percent of its staff. Its shares had been ...
-
Don't Reimpose Customs Duty on Crude: Oil Firms
The government had cut customs duty on crude oil imports to zero in 2011.
-
Algerian Court Jails 6 In Oil Firm Corruption Case
An Algerian court jailed six people on Tuesday in a corruption case involving state energy firm Sonatrach, including a former vice president and an ex-state bank chief, and it fined two local subsidaries for their role.
-
India Will State Stand Before Relevant Authority: Jaitley on Cairn Case
The Indian government will "state its position" in the Cairn Energy tax dispute before the relevant legal authority, Finance Minister Arun Jaitley said here today after the British firm announced that it will seek from India over $1 billion in damages.
-
Foreign Oil Firm, its Indian Unit May Face Rs 10,000 Cr Tax Demand
Without naming anyone, he spoke of transfer of shares involving a foreign multinational company and an Indian group firm.
