Top stocks of the week: IRFC, Rail Vikas Nigam, ONGC, Polycab India and more Business Today
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Category: Oil and Natural Gas Corporation
ONGC to Larsen & Toubro: Top Nifty-50 performers of this week – CNBCTV18
ONGC to Larsen & Toubro: Top Nifty-50 performers of this week CNBCTV18
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ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda
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ONGC Videsh, the overseas investment unit of the country’s top explorer, Oil and Natural Gas Corp, has received a five-year $420 million loan from DBS Bank and Bank of Baroda, a company spokesperson said on Thursday.
The loan will strengthen ONGC Videsh’s available cash as it contends with shrinking free cash.
Announcements Updates: Change In Senior Management
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ONGC Videsh raises $420 million from DBS and BoB banks
Mumbai: ONGC Videsh, the overseas exploration arm of Oil and Natural Gas Corporation (ONGC), has raised $420 million from Singapore’s DBS Bank and state-owned Bank of Baroda (BoB) in a deal closed earlier this month, taking advantage of the recent drop in global interest rates.Both the banks are meeting prospective lenders in a bid to distribute the loan to a wider network of banks across Asia, people familiar with the transaction said.”This is a five-year loan raised at about 125 basis…
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ONGC Videsh raises $420 million from DBS and BoB banks
Mumbai: ONGC Videsh, the overseas exploration arm of Oil and Natural Gas Corporation (ONGC), has raised $420 million from Singapore’s DBS Bank and state-owned Bank of Baroda (BoB) in a deal closed earlier this month, taking advantage of the recent drop in global interest rates.
Both the banks are meeting prospective lenders in a bid to distribute the loan to a wider network of banks across Asia, people familiar with the transaction said.
“This is a five-year loan raised at about 125…
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Source: https://b2bchief.com/ongc-videsh-raises-420-million-from-dbs-and-bob-banks/
ONGC, OIL to gain as govt cuts windfall tax on crude oil
New Delhi: The Union government has reduced the windfall tax on petroleum crude to Rs 1,700 per tonne from Rs 2,300 a tonne in its fortnightly revision as oil prices have come down in the international market.
The reduction which comes into effect from Tuesday while benefit upstream oil companies ONGC and Oil India Ltd as their tax outgo on sales of crude will come down.
The government had first imposed the windfall tax on crude oil in July last year amid…
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Source: https://www.siasat.com/ongc-oil-to-gain-as-govt-cuts-windfall-tax-on-crude-oil-2957443/amp/
GMR Airports Infrastructure, ONGC among 5 stocks with long buildup – What is long buildup?
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Special Address by Arun Kumar Singh | Chairman & CEO, ONGC | ET Oil and Gas Annual 2023 – ETEnergyWorld
Special Address by Arun Kumar Singh | Chairman & CEO, ONGC | ET Oil and Gas Annual 2023 ETEnergyWorld
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Record closing highs for Sensex and Nifty led by IT, Oil & Gas; top gainers on January 15 include Wipro and ONGC – Market News
The benchmark equity indices ended Monday’s trading session higher after recording a fresh lifetime intraday high. The NSE Nifty 50 gained 202.90 points or 0.93% to settle at 22,097.45 points. While S&P BSE Sensex closed 759.49 points higher or 1.05% to settle at 73,327.94 points. Nifty Bank ended higher by 448.50 points or 0.94% to settle at 48,158.30 points.
The broader indices ended in positive territory, with Nifity 50 and Nifty midcap stocks leading the gains. On the sectoral…
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