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FDI OIL REFINERY
Will we K-Pop (desi remix)? How India can turn Tata, Adani, Reliance into global titansForeign companies are exiting India for various reasons, from business failures to global strategy shifts. India aims to build national cha...- DMK’s Jagathrakshakan Swamikannu travelled to Sri Lanka for record FDI oil refinery deal signingSo far, there has been no official word on the Indian interest in the project.
- Saudi Aramco looking to buy stake in existing Indian refineriesThe company has signed an agreement to initiate talks for a possible stake in the proposed Rs 1.8 lakh crore refinery in Maharashtra.
- Lenders approve Rs 86,000-crore Essar Oil sale to RosneftWith this Rs 86,000-crore transaction, which makes it the largest FDI inflow for the country, the company hopes to close the deal by early ...
- Govt notifies hike in FDI limit in PSU refineries to 49%Government has issued a formal notification for raising foreign direct investment limit in public sector refineries to 49 per cent.
- Govt relaxes FDI norms; opens commodity exchanges, MROsThe amended policy allows 100% FDI in maintenance, repair and overhauling (MRO) facilities for aircraft as also aviation training units. Ho...
- Cargill plans to sell Kandla refinery to Louis DreyfusUS food industry giant Cargill is chopping its excess capacity in India. It plans to sell one of its port-based cooking oil refineries at K...
- FDI in state refineries may be hiked to 49%The Cabinet will consider next week a proposal to allow 49% foreign direct investment in new refineries to be set up by state-run firms, oi...
- India's helping hand to MittalIndia-born billionaire Lakshmi N Mittal is literally getting a helping hand from the government for his ambitious diversification from stee...
- Thumbs-down for Mittal's Bhatinda planSteel tycoon LN Mittal’s plan to pick up 49% stake in state-run HPCL’s Bhatinda refinery has hit a roadblock with the foreign investment pr...
- More room likely for FDI in refineriesForeign investment in the petroleum sector is getting a dose of liberalisation when the FDI guidelines are revised next month.
- Mittal seeks FIPB nod for Bhatinda unitMittal Investments has applied to the foreign investment promotion board (FIPB) for regulatory approval of its mega refining JV with HPCL.
- WTO flares up on 26% FDI cap in PSU refineriesWTO has sought an explanation from New Delhi asking why it has restricted foreign equity in JV refineries with PSUs at 26% when 100% FDI is...
- LNM's HPCL dream to get govt supportGovt is planning to tweak FDI rules to enable LN Mittal invest in HPCL’s Rs 17,973-cr Bathinda refinery.
- FDI norms for oil refining sector set to be alteredFDI norms for PSU JVs in the petroleum sector may change following the recent proposal for the Bathinda refinery where the LN Mittal group ...
- LNM Bathinda plan may slip on policy turfHindustan Petroleum Corp’s (HPCL) plans of roping in the LN Mittal group as its equal partner with 50% stake in the Bathinda refinery may f...
- Petro-dollars fuel FDIs into IndiaThere’s a silver lining for India which has been suffering due to high oil prices. Petro-dollars are boosting FDI flows in a significant ma...
- Easy FDI norms likely for aviation, telecom and oilIn an endeavour to promote foreign investment in crucial areas of economy, the Union Cabinet is likely to approve liberalised foreign direc...
- GoM okays lifting of sectoral caps on FDIAhead of the Budget, the Group of Ministers on Thursday recommended enhancing the ceiling on foreign direct investment in major sectors lik...
- Food, oil laws to be softened for FDI flowsThe industry ministry is likely to recommend a relaxation in the food control and food adulteration laws and the minimum capitalisation nor...
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