The officers union was not opposed to private competition but they should not be handed on a platter assets set up over years.
The airline also "assured" its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to reach an understanding on the issue
Struggling to meet budget targets, the government had in the just concluded fiscal (2018-19) asked cash-rich PSUs to pay second interim dividend as well as undertake share buyback
The decline in spending comes at a time when the government is emphasising on raising domestic output to cut costly oil imports
The Indian Oil will set up 128 retail outlets, with Bharat Petroleum 50 and Hindustan Petroleum 49 in Vadodara district of Gujarat
On Sunday, the three companies -- Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation -- announced their plans to add 5,125 new dealers in the state
We have exploration assets in four countries: Oil India Limited CMD Bora
Bigger oil PSUs will be in a better position to safeguard their interests against green energy
Policy will be applicable for 5 years
A holding company model will be much easier and low in risk to implement. The proposal is yet to reach the petroleum ministry
For crude oil and not the net rate they actually realise
Acquisition is subject to relevant board, government and regulatory approvals and is expected to close by September
Petrol price was hiked by Rs 2.19 a litre and diesel prices was increased by 98 paise per litre.