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OIL PSU MERGER
Merge Pawan Hans with Hindustan Aeronautics: Officers unionSuch a merger would strengthen both the domestic civil and defence aviation sectors, the Pawan Hans Officers Welfare Association (PHOWA) sa...
Sensex tanks 295 pts, Nifty below 11,300; smallcap cracks 2%Bank stocks emerged as the top drags today.
BPCL, IOC slip as OMCs look to buy stake in GAILBoth the oil companies may buy 26 per cent stake each in gas utility GAIL India.
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...
Oil, gas PSU mergers exempt from CCI approvalIn July, the Cabinet Committee on Economic Affairs (CCEA) approved sale of the government's 51.11 per cent stake in oil refiner HPCL to the...
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...
How will proposed mergers impact PSU banks' stocks?Investors should wait and watch as the situation is still fluid. This is because the exact framework of these mergers is still being worked...
HPCL, ONGC merger wouldn’t bring synergy: Ambit Capital“ONGC parentage could mean interference (from ONGC or government), highly probable participation in upstream and, more importantly, dilutio...
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...
Select PSU stocks are a good bet in current heated market: Find out which onesThe recent underperformance relative to the broader market could present an opportunity for investors ready to play a waiting game.
An integrated oil behemoth, big-bang PSU mergers are in pipelineIn the days to come, we may see consolidation like activity in sectors such as power, chemicals, diversified manufacturing, mining, and ste...
Oil Companies merger can be challenging yet beneficial: FitchWhile most Asian countries have just one national oil company integrated across the value chain, India has 18 state-controlled oil companie...
Govt to explore mergers & acquisitions across state-run unitsAdministrative ministries are often reluctant to ease their control over PSUs, which hinders maximisation of return of investment.
Oil and gas stocks rally on mega PSU merger buzzET had reported on Monday that the oil ministry has begun evaluating the prospects of creating an oil conglomerate by merging 13 state oil ...
- Ahead of polls, PSU officers get bonanza
Ahead of elections, government cleared a bonanza for more than four lakh officers of public sector undertakings, raising their emoluments b...
- Mergers among PSU oil firms could unlock value
The commodity story refuses to die down. It is now the turn of oil, which is nearing an unprecedented $100 per barrel mark.
- War for wage : Deora in oil firefight mode
The union petroleum minister, Murli Deora, has convened an emergency meeting with the employees of PSU oil companies in Mumbai on Monday so...