Oil PSUs

News

OIL PSUS NEWS

More than $300 million dividends of Indian oil PSUs are stuck in Russia. Why — and what now?

May 28, 2023 7:08 am

Over the years, Indian PSUs have invested billions of dollars in Russian oil and gas projects. With the wartime sanctions on Russia, the dividend income is now stuck there. And there appears to be no easy and straightforward way out of this situation.

Key Cabinet decisions: Grant of Rs 22,000 cr to three state-run oil firms; Diwali bonus for railway employees; and more

October 12, 2022 7:29 pm

The one-time grant to state-run oil firms is towards the LPG losses that occurred between 2020-22 when the international prices of cooking gas soared by around 300 per cent but 72 per cent of the hike was passed to the consumers.

India to invite foreign firms to invest in state-owned oil companies

November 12, 2019 1:41 pm

"We are inviting oil majors," Petroleum Minister Dharmendra Pradhan told reporters at an energy conference in Abu Dhabi.

PSU chiefs say will meet capex plans, maintain dividend

January 11, 2014 1:55 am

ONGC chief Vasudev said: “We will achieve our annual capex plan.

LPG subsidy to continue for all consumers

November 01, 2013 3:45 pm

All consumers irrespective whether seeded with Adhaar card or not will continue to get LPG subsidies.

UIDAI appeals against SC Aadhaar order

October 16, 2013 12:24 am

It said as on September 30,more than 53 crore residents have enrolled for Aadhaar and an amount of Rs 3,494 crore has been incurred so far.

Oil PSUs hired 4,200 people in FY'12

October 18, 2012 12:37 pm

State-owned oil firms,hired over 4,200 people in 2011-12.

Revenue loss of oilcos down by Rs 1500 cr on rupee rise

October 02, 2012 1:47 am

Oil PSUs were together projected to lose a staggering Rs 178,491 crore in revenue this fiscal on sale of diesel and cooking fuel.

Oil Min rejects oil PSUs buying ADB stake

April 30, 2012 8:21 pm

Oil cos' plan was to acquire ADB's stake in Petronet LNG so as to keep the nation's largest LNG importer a pvt firm.

Despite fuel price hike,cos to lose in FY 12

June 25, 2011 2:27 pm

The raise in diesel rates ever,more than the Rs 3 per litre hike effect in June 2008.

Zohran Mamdani holds big lead in New York mayor’s race, latest poll finds

World1 hr ago

Zohran Mamdani, the Democratic nominee for mayor of New York City, is currently in the lead with 46% of likely voters supporting him. However, discussions are underway to convince his rivals, Andrew Cuomo and Eric Adams, to drop out of the race. Mamdani's popularity is due to his affordability agenda and stance on the Israel-Palestine conflict.

View all shorts