Page 4 - Bpcl

BPCL privatisation likely to face a bump on rising fuel prices in India

A major chunk of the auto fuel price in the country consists of state and central taxes

After AI, govt to disinvest BPCL, float LIC IPO by last quarter of FY22

Following the successful completion of Air India disinvestment, govt expects to carry out the divestment of BPCL in the current financial year

Air India disinvestment: Privatisation-bound BPCL, SCI can rally up to 15%

SpiceJet seems to be in a trading range, while Container Corporation of India is holding above its key support level

BPCL Privatisation: SEBI unlikely to exempt open offers for Petronet, IGL

India's capital market regulator is unlikely to give exemption to the company acquiring BPCL from making mandatory open offers for Petronet LNG Ltd and Indraprastha Gas

Improving business prospects, divestment make analysts bullish on PSU stks

In the last 10 years, though PSU stocks have gained ground, they have mostly been laggards at the bourses

Govt intends to complete BPCL disinvestment by March-end: Company chairman

Acquirer will have to make open offers to minority shareholders of Petronet LNG and IGL for 26% shares, costing new owner of BPCL another Rs 19,000 cr

Top headlines: Organised sector employment up in Q1; RIL eyes Glance

Business Standard brings you the top headlines on Monday

BPCL, SBI Card launch co-branded RuPay contactless credit card

Fuel retailer BPCL and SBI Card on Thursday announced the launch of a co-branded RuPay contactless credit card, offering fuel and other benefits. Bharat Petroleum Corporation Limited (BPCL) and SBI Card have joined hands to launch the 'BPCL SBI Card co-branded RuPay Contactless Credit Card', according to a joint release. The card will provide rewarding fuel savings and other benefits to the customers, it said. The card will offer 13X reward points on every Rs 100 spent on fuel purchases at BPCL petrol pumps and a 1 per cent fuel surcharge waiver on every transaction up to Rs 4,000, translating to 4.25 per cent value back. Cardholders will also get accelerated savings on other categories of spends, which include groceries, departmental stores, dining, and movies. They will get 5X reward points on every Rs 100 spent on groceries, departmental stores, movies, and dining, among others. Besides, the customers can earn 2,000 activation bonus reward points worth Rs 500 on payment of the

Kerala to kick-start India's ambitious green hydrogen mission

IOC confirms talks to set up two hydrogen production and refuelling stations

Stocks to watch: Nuvoco Vistas, BPCL, Yes Bank, Dish TV, VST Tillers, Infy

Mining major NMDC has slashed prices of lump ore and fines by Rs 1,000 per tonne

Rs 6-trillion monetisation plan: Modi govt's ambition in a minefield

Given the record of past blunders, under-achievements, vulnerabilities and the manifest influence of stigmatised capital, what India might get is yet another school for scandal, cautions T N Ninan

Global oil majors may be joining race to acquire BPCL: Report

Industry sources said it was possible that one of the global oil majors or a Middle East oil producer may be teaming up with the investment funds already in race

OIL looks to liquidate short term debt raised for NRL buy in current fiscal

The push to liquidate debt will mean no more acquisition or fund raising being planned this year

India state fuel retailers' Aug 1-15 gasoil, gasoline sales drop m/m

Gasoline sales at 985,852 tonnes between Aug 1-15 were 4.93% lower compared with those between July 1-15

BPCL launches door-to-door delivery of diesel to meet growing demand

Bharat Petroleum Corporation Limited (BPCL) has launched door-to-door delivery of 'High Speed Diesel' to meet the growing demand.

No decision on stake sale in Petronet, Indraprastha Gas yet: BPCL

BPCL said no decision has yet been taken to sell its stake in Petronet LNG and Indraprastha Gas to help the company's owner avoid making an open offer for the two gas companies

BPCL consolidated Q1 net up 31% to Rs 2,873 cr, income up nearly 40%

GRM stood at $4.12 per barrel in Q1FY22 as against $0.39 per barrel a year ago

BPCL net profit drops 27% to Rs 1,502 cr in June quarter; sales up 77%

The profit was lower as a sharp movement in oil prices - from $19-20 per barrel to $40 - in April-June quarter of 2020 led to a spike in marketing margins

Air India, BPCL disinvestment to be completed this year: DIPAM Secretary

He said IDBI Bank's strategic disinvestment has also been set into motion with the Cabinet approval.

Govt will finish Air India, BPCL privatisation this fiscal: DIPAM Secretary

Shipping Corporation of India, Pawan Hans, Nilanchal Ispat Nigam among targets: Tuhin Kanta Pandey.