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Govt cuts windfall tax on crude oil, ONGC, OIL India Ltd to gain
The Government has cut the windfall tax on crude oil to Rs 8,400 a metric ton from Rs 9,600 with effect from Wednesday as part of its fortnightly...
OIL net profit drops 81% on tax provisioning
New Delhi: State-owned Oil India Ltd’s second quarter net profit dropped 81 per cent on a one-time provisioning for tax liability. The company posted...
Govt slashes windfall tax on crude oil
Tax on domestic crude oil, effective from Oct 18, reduced from Rs12,200/tonne to Rs9,050; ONGC, OIL to gain
ONGC, OIL to gain as govt cuts windfall tax on crude oil
The central government has reduced the windfall tax on domestic crude oil with effect from October 18 from Rs 12,200 a tonne to Rs 9,050 in its...
Finance Ministry upgrades Oil India Ltd as Maharatna
The Finance Ministry has approved the upgradation of Oil India Ltd to the category of 'Maharatna', a move which will impart enhanced powers to the OIL...
ONGC, Oil India in talks to buy $3.4 bn stake in Kenya oilfield
Chinese firm enters the fray complicating deal for Indian companies
India gets 10 bids for 8 oil, gas blocks
Total 6 out of the 8 blocks on offer got single bids while there were 2 bidders for the remaining area
No plan to transfer ONGC's assets to OIL: Minister
There is no proposal at present to transfer India's biggest oil and gas producer ONGC's assets to smaller state-owned firm Oil India Ltd (OIL),...
