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ONGC likely to get dividend waiver for price freeze
As part of a long-term solution to keep petrol and diesel prices in check, the government is in talks with Oil and Natural Gas Corp (ONGC) to freeze the price of the crude oil it supplies to oil-marketing companies. According to sources, this could lead to the company getting a waiver on the dividend it pays to the Centre, which is Rs 50-60 billion on an annual basis. Read More
Global firms line up for PFC’s stressed assets
Close to a dozen Indian and foreign financial institutions
As part of a long-term solution to keep petrol and diesel prices in check, the government is in talks with Oil and Natural Gas Corp (ONGC) to freeze the price of the crude oil it supplies to oil-marketing companies. According to sources, this could lead to the company getting a waiver on the dividend it pays to the Centre, which is Rs 50-60 billion on an annual basis. Read More
Global firms line up for PFC’s stressed assets
Close to a dozen Indian and foreign financial institutions
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