MYSTERIOUS: 2 | Mind Blowing Facts

ONGC plans 150 deepwater wells under Rs 84,084-crore Samudra Manthan Mission

ONGC will drill 150 deepwater wells over seven years. The Samudra Manthan scheme aims to boost domestic oil and gas exploration. This initiative will utilize advanced technologies and global specialists for faster discoveries. The government approved Rs 84,084 crore for this ambitious offshore exploration program. The goal is to strengthen…

The Economic Times · Aug 1

Stocks in news: IDFC Bank, Maruti Suzuki, ONGC, BoB, Adani Energy

In today's trade, shares of IDFC Bank, Maruti Suzuki, ONGC, BoB, Adani Energy among others will be in focus due to various news developments and first quarter results.

The Economic Times · Jul 27

ONGC starts drilling first deepwater well in Mahanadi basin under Samudra Manthan mission

ONGC began drilling its first deepwater exploratory well in the Mahanadi offshore basin. This ambitious campaign aims to tap India's vast hydrocarbon resources. The government has opened nearly one million square kilometers for exploration. Recent successes strengthen the outlook for offshore exploration efforts.

The Economic Times · Jul 25

Government raises ONGC chairman entry age to 59, offers up to five-year tenure

The government has broadened the eligibility for ONGC's next chairman, raising the maximum entry age to 59 and offering a three-year term extendable by two years. This move aims to widen the candidate pool for India's largest oil producer. The selection process will now involve a search-cum-selection committee, a departure…

The Economic Times · Jul 5

ONGC, bp sign technical services contract to boost production from Western Offshore Basin

ONGC and bp have inked a deal to boost oil and gas output from the Western Offshore Basin. This partnership leverages bp's global expertise to enhance production from India's most prolific hydrocarbon region. The agreement aims to curb production decline, improve recovery rates, and strengthen the nation's energy security, building…

The Economic Times · Jun 25

Stocks in news: LIC, IRFC, Cummins India, Tata Motors PV, ONGC

Indian markets surged on Wednesday, recovering previous day's losses, with banking stocks leading the charge from a strong support zone, signaling a robust uptrend. Key companies like LIC, IRFC, Cummins India, Tata Motors PV, and ONGC are in focus. IRFC's government offer saw strong institutional demand, while Tata Motors plans…

The Economic Times · Jun 25

Stocks in news: Sun Pharma, Tech Mahindra, Tata Motors, Voltas, ONGC

Indian markets saw a dip on Friday, with IT stocks leading the decline. Analysts suggest profit-taking occurred near the 24,150 mark. Despite this, the broader recovery trend remains intact above 23,700. Several companies like Sun Pharma, Tata Motors, and ONGC are in focus due to significant business developments, including acquisitions,…

The Economic Times · Jun 22

How India can build a bigger oil buffer without straining the exchequer

As tensions around Iran and the Strait of Hormuz ease, India should focus not only on managing the immediate oil crisis but also on strengthening long-term energy security, the authors argue. While the government has asked ONGC to build a new 1.75-million-tonne strategic oil reserve in Mangaluru, expanding reserves through…

The Economic Times · Jun 21

ONGC rebrands itself as ‘gas and oil’ firm as natural gas output overtakes crude

State-run ONGC is shifting its focus, now prioritizing natural gas over crude oil. Chairman Arun Kumar Singh announced that gas production has surpassed oil, with future growth expected to be driven by expanding gas output. Policy reforms and rising domestic demand are supporting this strategic pivot, as ONGC invests heavily…

The Economic Times · Jun 21

Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full relief

When Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment and thus he filed his income tax return (ITR) on October 29, 2021. In his ITR he declared a total income of Rs 31.62 lakh after claiming tax exemption…

The Economic Times · Jun 19