Finance Minister Nirmala Sitharaman defers equity support to oil companies to next fiscal year – India TV

Image Source : PIXABAY Petrol pump

Finance Minister Nirmala Sitharaman has deferred the planned Rs 15,000 crore equity infusion in state-owned fuel retailers to the next financial year.

Initially announced in last year’s budget, the equity support was intended to aid Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd…
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Source: https://www.indiatvnews.com/business/news/finance-minister-nirmala-sitharaman-defers-equity-support-to-oil-companies-to-next-fiscal-year-2024-02-02-914872

Gail Kim Wouldn’t Be Opposed To Having Another Match If It Was A Special Occasion

It sounds like there’s a chance that we might see Gail Kim compete in a TNA Wrestling ring once again… if the special occasion calls for it.

TNA Wrestling‘s Gail Kim recently sat down with WrestleZone Managing Editor Bill Pritchard. When asked if her job with the company is going to change at all now that the company has transitioned from IMPACT back to TNA, Kim said she’s always looking for new goals in the wrestling business.

“I’m always looking for new goals within…
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Source: https://www.wrestlezone.com/news/1437663-gail-kim-open-to-another-tna-special-occasion-takes-it-on-a-case-by-case-basis/amp

Oil And Natural Gas Corporation Share Price Live Updates: Oil And Natural Gas Corporation Sees Impressive 71.06% 1-Year Returns

06:02:21 PM IST, 01 February 2024Oil And Natural Gas Corporation Share Price Updates: Oil And Natural Gas Corporation Stock Price History04:06:47 PM IST, 01 February 2024Oil And Natural Gas Corporation Share Price Updates: Oil And Natural Gas Corporation Bonus Updates03:33:25 PM IST, 01 February 2024Oil And Natural Gas Corporation Share Price Updates: Oil And Natural Gas Corporation Closes at Rs 248.0, Experiences 1.69% DeclineThe closing price of Oil And Natural Gas Corporation was Rs…
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Source: https://economictimes.indiatimes.com/markets/stocks/stock-liveblog/oil-and-natural-gas-corporation-share-price-live-updates-01-feb-2024/amp_liveblog/107308570.cms

Indian Oil-owned IGCMIL starts operations; signs 1st deal to raise $100 million

Indian Oil owned IGCMIL carries out its 1st transaction at GIFT City New Delhi: IOC Global Capital Management IFSC Limited (IGCMIL), the wholly owned subsidiary of Indian Oil, carried out its first transaction at GIFT City, Gandhinagar on January 30. The term sheet of the transaction of raising loan from DBS Bank Singapore, amounting to USD 100 million to refinance Indian Oil’s existing ECB (External Commercial Borrowing) loan was signed by IGCMIL’s Director Ruchir Agrawal and Senior Vice…
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Source: https://psuwatch.com/amp/story/newsupdates/indian-oil-owned-igcmil-starts-operations-signs-1st-deal-to-raise-100-million

Oil India’s (NSE:OIL) three-year earnings growth trails the 66% YoY shareholder returns

The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But in contrast you can make much more than 100% if the company does well. For instance the Oil India Limited (NSE:OIL) share price is 274% higher than it was three years ago. How nice for those who held the stock! It’s also good to see the share price up 42% over the last quarter. But this could be related to the strong market, which is up 20% in the last three months. After a strong…
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Source: https://simplywall.st/stocks/in/energy/nse-oil/oil-india-shares/news/oil-indias-nseoil-three-year-earnings-growth-trails-the-66-y

Gujarat Gas stock jumps after it signs an MoU with HPCL 

The shares of the one of leading city gas distribution company rose 2% to its 52-week high price of ₹593 per share on Thursday after the company signed an MoU with Hindustan Petroleum Corporation Limited. 

At 2:40 p.m., On Thursday, The shares of Gujarat Gas Ltd(GGL) were quoted at ₹579 a share, down ₹2.15 or 0.37% on the National Stock Exchange, The company has a market value of ₹39,765 crores. 

According to the company’s exchange filing, Gujarat Gas Limited (GGL)…
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Source: https://tradebrains.in/features/gujarat-gas-stock-jumps-after-it-signs-an-mou-with-hpcl/

Porinju Veliyath: Betting on ONGC & other oil & gas PSUs; Piramal Pharma can be a good compounder for next 5 years: Porinju Veliyath

Porinju Veliyath, Foundr & CEO, Equity Intelligence India, says , one segment is still to catch the fancy of the investing community – the oil and gas sector. Oil and gas PSUs, starting with ONGC and then HPCL, BPCL and many companies in that sector. Some of them are at single digit PEs, and with a very high dividend yield. So these companies are not going to close down. They are very relevant, they have huge cash flow and companies like ONGC there is a possibility that their earnings are…
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Source: https://m.economictimes.com/markets/expert-view/betting-on-ongc-other-oil-gas-psus-piramal-pharma-can-be-a-good-compounder-for-next-5-years-porinju-veliyath/amp_articleshow/107312341.cms

OMC stocks BPCL, GAIL, IOC rise upto 2% on Rs 15,000 crore capital support plan

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Shares of oil marketing companies (OMCs) like Indian Oil Corporation (IOC), BPCL, GAIL, Oil India, and Hindustan Petroleum surged up to 2 percent on February 1 after the government announced capital support of Rs 15,000 crore for FY25, as widely expected by market participants.
In the last Budget, the finance…
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Source: https://www.moneycontrol.com/news/business/markets/omc-stocks-bpcl-gail-ioc-rise-upto-2-on-rs-15000-crore-capital-support-plan-12163691.html/amp

HPCL, BPCL, IOC: India Axes Support to Help Its Oil Refiners Decarbonize

India has walked back on a promise to set aside 300 billion rupees ($3.6 billion) to help state oil refiners decarbonize, and now plans to disburse nothing this fiscal year, according to a federal budget document.Prime Minister Narendra Modi’s government had previously allocated 350 billion rupees in the 2023-24 budget for investments toward energy transition and energy security, of which 300 billion rupees were to be assigned to state-owned fuel retailers and the rest used to boost…
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Source: https://www.bloomberg.com/news/articles/2024-02-01/india-axes-support-to-help-its-oil-refiners-decarbonize

Oil India’s (NSE:OIL) three-year earnings growth trails the 66% YoY shareholder returns

The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But in contrast you can make much more than 100% if the company does well. For instance the Oil India Limited (NSE:OIL) share price is 274% higher than it was three years ago. How nice for those who held the stock! It’s also good to see the share price up 42% over the last quarter. But this could be related to the strong market, which is up 20% in the last three months. After a strong gain in the…
Read More…

Source: https://simplywall.st/stocks/in/energy/nse-oil/oil-india-shares/news/oil-indias-nseoil-three-year-earnings-growth-trails-the-66-y/amp