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A technician opens a pressure gas valve inside ONGC group gathering station on the outskirts of Ahmedabad

ONGC Q4 net profit leaps above estimate
By Prashant Mehra and Devidutta Tripathy MUMBAI/NEW DELHI (Reuters) - State-run Oil & Natural Gas Corp's net profit more than doubled in the fourth quarter, as the company benefited from higher crude oil prices and foreign exchange fluctuations. ONGC, India's third-biggest company by market value, reported net profit of 56.44 billion rupees for its fiscal fourth quarter ended March 31, up from

Investments in petro schemes fall in 11th Plan

The progress of various schemes of the ministry of chemicals and fertilisers for petrochemicals, including its flagship Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs),

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ONGC Q4 net doubles as Re helps offset subsidy

Riding on better realisation and a favourable exchange rate, the country’s biggest exploration firm, Oil and Natural Gas Corp (ONGC), on Tuesday reported a 102 per cent rise in net profit for

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IndianOil Q4 net up three-fold

Government-owned IndianOil, the country’s largest oil marketing company, has reported a more than three-fold increase in fourth-quarter net profit even as its annual profit dipped 47 per cent

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Gusher of savings

India’s oil producers could be due a windfall. The government subsidises its refiners to sell fuel to the public below cost, and forces state-owned drillers to foot part of the bill. Growing

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Today`s picks

NIFTY
Current: 4,921 (Futures: 4,923) Target: NA
Another swing session could pull the index till 5,025 or 4,825. Stop loss long

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