Vijayagopal retired on July 31 after an illustrious career of 34 years with the Maharatna company
"The above decision will take effect from the date of FEMA notification," an official statement said
The government on Thursday permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic disinvestment
A breakout above Rs 2,160 may result in a sharp upside towards Rs 2,250 and Rs 2300 levels in Reliance Industries' stock
Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank and Federal Bank will report their quarterly numbers today
IOC closed on a strong note in the last session and is currently hovering between its short and medium exponential moving averages on the daily chart
Current FDI policy restricts FDI in oil PSUs to 49%; most bidders who have shown interest in acquiring BPCL have foreign investment
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Union Cabinet has reportedly approved increase in FDI limit in the petroleum PSU to 100% from 49% currently
IOC, GAIL and ONGC may buy shares of Petronet LNG and Indraprastha Gas in the eventuality of an open offer getting triggered post privatisation of Bharat Petroleum Corporation Ltd (BPCL)
The disposal may only take place as soon as early next year rather than in 2020, one of the people said, asking not to be identified as the matter is private
Currently, BPCL has more than 8.4 crore domestic LPG customers, including 2.1 crore Ujjwala customers.
Combined net debt stood at Rs 6.83 trillion at the end of March 2021
State-owned Bharat Petroleum Corporation Ltd (BPCL) has bagged as many as 80 national and international patents in the past two decades, and approvals for 53 more filings are pending, for various innovations including the world's cheapest and the fastest crude oil assaying tool BP Marrk. Its research and development (R&D) centre, located at a 68-acre sprawling campus at Greater Noida in Uttar Pradesh, has won 18 patents in the past 12 months alone. BPCL has an annual budget of Rs 80-100 crore for R&D. "Over the past two decades, we have won as many as 80 patents, and 53 more are pending for approvals. Between July last year and now, we have secured 18 patents," Arun Kumar Singh, director (refineries and marketing) at BPCL, told PTI on Sunday. One of the most notable patented innovations of the centre is BPMarrk, which is an intelligent tool for advanced assaying of crude oil that characterises and evaluates the crude at a fraction of the time taken by traditional assaying ...
Bharat Petroleum Corporation Ltd (BPCL) has started doorstep delivery of diesel in Haryana for customers seeking fuel as low as 20 litres
Cabinet approval would facilitate privatisation of India's second biggest oil refiner Bharat Petroleum Corp Ltd.
If the cabinet clears the proposal, overseas funds would no longer need government approval to purchase a 100 per cent stake in state-run refiners cleared in-principle for disinvestment
Likely approval of 100% FDI and further progress on disinvestment are potential triggers
This is an enabling provision required for privatisation of BPCL
The tweak might allow overseas investors to pick up a majority stake in India's second biggest oil refiner Bharat Petroleum Corp Ltd