Oil & Gas Indian Oil
Oil & Gas stocks surge in volatile session; IGL soars 7%, Gail India 4.5%
With the exception of Adani Total Gas and Aegis Logistics, all stocks within the Nifty Oil & Gas index witnessed gains
 "Oil & Gas stocks surge in volatile session; IGL soars 7%, Gail India 4.5%")
BPCL, HPCL, IOC down for 3rd straight day; slip upto 25% from 52-week highs
In past three days, shares of OMCs have declined between 8 - 12 per cent on concerns that recent petrol and diesel price cut could hurt the companies' profit margins in the near-term.
 "BPCL, HPCL, IOC down for 3rd straight day; slip upto 25% from 52-week highs")
IOC corners more than a third of D6 gas in latest Reliance auction
State-owned Indian Oil Corporation (IOC) has cornered more than a third of natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the KG-D6 gas, sources said. IOC got 1.45 million standard cubic meters per day out of the 4 mmscmd of gas auctioned last week. The oil refining and marketing company, which was the top bidder even in the previous two auctions of gas from the eastern offshore KG-D6 block of Reliance-bp, bid the volumes as an aggregator on behalf of fertilizer plants. City gas companies including Torrent Gas and Gujarat Gas secured a total of 2.21 mmscmd of gas for turning into CNG for sale to automobiles and piped to household kitchens for cooking purposes, two sources with direct knowledge of the matter said. Gujarat Gas won the tender to buy 0.5 mmscmd, Torrent Gas 0.45 mmscmd, Adani Total Gas Ltd 0.29 mmscmd, IndianOil-Adani Gas Pvt Ltd 0.17 mmscmd and Indraprastha Gas Ltd and Mahanagar Gas Ltd 0.30 mmscmd each, they ...
 "IOC corners more than a third of D6 gas in latest Reliance auction")
Tech Mahindra signs MoU with Egyptian agency for delivery centre in Cairo
Facility will serve firm's clients across telecom, oil & gas, BFSI, Energy & Utilities and public sector; company to hire 1,000 staff to serve global and local customers from centre
 "Tech Mahindra signs MoU with Egyptian agency for delivery centre in Cairo")
The big short in oil & gas PSUs: Lack of leadership in sector hurting India
The government deplores the lack of good leadership in these companies but it adds to the problem with sub-optimal appointment practices for chief executives in this sector
 "The big short in oil & gas PSUs: Lack of leadership in sector hurting India")
BSE oil & gas index nears record high; Indian Oil hits fresh high
BPCL, Indian Oil and HPCL were trading higher by up to 3% on BSE.
 "BSE oil & gas index nears record high; Indian Oil hits fresh high")
