Mangalore Refinery and Petrochemicals (MRPL) stock has rallied over 16% in eight sessions, remaining unbeaten on seven occasions. This uptrend is likely to sustain over the short term, multiple technical experts tell ETMarkets. The current momentum could take the stock to Rs 130 and Rs 145, which is a potential upside of 20-34% over Thursday’s … Read more
Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements of having a requisite number of independent directors and women directors. In separate filings, the companies detailed the fines imposed by the BSE and NSE but were quick to point out that … Read more
The Centre today slashed the windfall tax on export of locally produced crude oil to Rs 9,500 per tonne from Rs 11,000 per tonne. However, windfall tax on exports of aviation fuel has been increased to Rs 5 per litre from Rs 3.50 per litre while on disel it has been hiked to Rs 13/litre … Read more
Fire at Hazira gas plant under control: ONGCIndia’s Oil and Natural Gas Corp said a fire which broke out at its Hazira gas processing plant in Gujarat on Thursday morning has been brought under control. Source link
(This story originally appeared in on Aug 29, 2020) NEW DELHI: After the reforms at state-run banks, the government is set to overhaul the appointments of public sector chiefs and functional directors and is looking to expand the talent pool as part of fresh set of measures. The Public Enterprises Selection Board (PESB) has proposed … Read more