Public sector explorer ONGC is finding it hard to forego its claim of over Rs 3,000 crore as tax exemption. Citing legal precedents and reasoning, the oil major has again sought Cabinet secretariat’s approval to take a legal recourse before the income-tax appellate tribunal (ITAT). Earlier, the Cabinet secretariat had turned down the company’s request […]
CITI 030608.pdf
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GAIL Gas to take up distribution projects in 17 cities
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The Government today announced the hike in fuel prices which will be Rs 5 per litre in case of petrol, Rs 3 per litre of diesel and Rs 50 on a LPG cylinder.
Briefing the Cabinet today, Petroleum Minister Murli Deora also announced that the excise duty on petrol and diesel will be cut by Rs […]
In a blow to Reliance Industries’ (RIL) exploration story, the government has confiscated the company’s five blocks in the Kerala-Konkan (KK) basin after it failed to meet the minimum work programme. Of the five blocks, one lies in offshore shallow water and four in deepwater. RIL held seven blocks in the basin.
The director general of […]
ONGC opens Helium extraction plant
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The government said oil companies would get 50% of revenue loss as bonds in FY08, reports. “Total bond issue to oil companies for FY08 stands at Rs 35,300 crore.”
Earlier in the day, the Finance Ministry had opposed issue of oil bonds covering 57% of under recoveries of oil marketing companies. The Oil Ministry said the […]
In line with its plans to set up greenfield projects outside India, Mukesh Ambani’s Reliance group is considering setting up a polypropylene unit in Kuwait.
Reliance Petroleum Ltd (RPL) has begun the spadework, and is in the process of completing necessary surveys for the project, company sources said.
The company already has operations in the Gulf states […]
Reliance Industries Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from May 10, 2008 to May 17, 2008 (both days inclusive) for the purpose of payment of dividend
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Reliance Industries Ltd has informed that the 34th Annual General Meeting (AGM) of the members of the Company will be held on June 12, 2008.
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