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ONGC HPCL MERGER
There is no instruction to hold back price rise: MK Surana, HPCL“Competition brings in certain efficiency and so we will deal with Sausi Aramco.”- ONGC-HPCL merger, a win-win deal: RS Sharma, former CMD, ONGC"Markets move by sentiments as you know and as crude prices rise, the apprehension goes up."
- Economic Survey 2018 is here: Five things that may matter to D-Street5 things the market will scrutinise closely in the survey for pointers to the Union Budget.
- HPCL buy likely to boost ONGC’s EPS by 4-9%On Saturday, ONGC announced that it would acquire the government’s 51 per cent stake in HPCL for Rs 36,900 crore or Rs 474 per share.
- ONGC-HPCL merger will be decided by the two companies: Dharmendra PradhanONGC owns 71.63%, and HPCL 16.96% in MRPL, which runs a 15 million tonne refinery and petrochemical unit in Karnataka.
- HPCL may acquire MRPL in cash, share-swap dealYesterday, ONGC Chairman and Managing Director Shashi Shanker said his company will also consider merging MRPL with HPCL at a later date.
- ONGC-HPCL merger will help us beat cyclical nature of biz, bring stability: Shashi ShankerWe will be making the payment in one shot only, says the CMD of ONGC.
- Stage set for Nifty to move higher in short term: Chakri Lokapriya, TCG AMCReliance stock will go much higher from current levels. Petrochem and refining are going to be the engines of growth.
- IOC, BPCL keen on GAIL for fully integrated operationsBoth entities have separately indicated their interest in taking over GAIL, say officials. However, government to decide on matter after th...
- IOC, BPCL keen to acquire GAIL; company wants to merge with ONGCIOC and BPCL have indicated to the petroleum ministry their interest in taking over GAIL to help add natural gas transportation and marketi...
- 23 bulls that rose up to 24,000% last decade forgot to run this timeSensex which delivered 418% return during 2001-2010, is up 62% since the beginning of 2011.
- ONGC may look at selling stake in other PSUs to fund HPCL acquisition“There are many funding options available. We can look at market borrowings, we have some stocks we can sell,” Chairman and Managing Direct...
- Merging with an upstream company has its own advantage: Sanjiv Singh, Chairman, IOC"Subsidy reduction is aimed at creating a society which would not depend on kerosene too much and we should be able to provide fuel which i...
- Brand HPCL will remain intact as it is: Dharmendra Pradhan, Oil Minister"This kind of arrangement (the ONGC-HPCL merger) is going to be a first in India and I am hopeful that it will work," said Pradhan.
- CCEA approves government stake sale of HPCL to ONGC: Oil Minister Dharmendra Pradhan in Lok SabhaHPCL will continue as a public sector undertaking after Oil and Natural Gas Corporation Ltd (ONGC) acquires its stake, the minister said in...
- FM Arun Jaitley to head panel for 'quick decisions' on ONGC-HPCL mergerSteps will be taken to ensure that the “cultural uniqueness” and “brand identity” of HPCL, India’s third-largest oil refiner, are maintaine...
- What changed your market while you were sleepingNifty50 futures on the SGX were trading 5.50 points higher at 9,933, indicating a flat opening for the domestic market.
- ONGC-HPCL merger plan on ministry table; Pradhan weighs in-principle nodForeign brokerage CLSA said the government would be the only gainer in the merger.
- Indian Oil Corporation-Oil India merger on the cardsThis is all a part of the Modi govt's vision to create integrated oil and gas companies, and as announced by the FM in his 2017 Budget spee...
- Life for HPCL as ONGC arm seen as win-win for bothAnalysts believe the combined oil behemoth of HPCL will help cushion ONGC against volatility in earnings.
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