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Oil companies to revise fuel prices on monthly basis The Indian Government has given the green signal to state-owned oil marketing companies to increase the retail prices of petrol and diesel on monthly basis if imported crude prices average over $ 70 per barrel. 22 Jul 2006
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"Reliance will become Wal-Mart in India," says Mukesh Ambani India's most influential business tycoon, one who thinks bigger than the rest, one who "hopes to kick the country's nascent boom into hyperdrive by remaking its stores, farms and even its biggest cities" – is how Newsweek has described $ 35 billion market-cap Reliance Industries Limited (RIL) chairman, Mukesh Ambani, devoting a full length cover story on him. 22 Jul 2006
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ONGC-Mittal to invest $ 6 billion in Nigeria, work together in 21 countries Mittal Steel Co. and state-owned leading oil producer, Oil and Natural Gas Corporation (ONGC) will be investing about $ 6 billion in setting up a refinery, power plant and railway lines in Nigeria through its joint venture company, ONGC-Mittal Energy Ltd. (OMEL). 15 Jul 2006
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6 Indian companies feature in Fortune 500 list Five petroleum-refining companies and one public sector bank in India have featured in the top 500 list of world's biggest companies released by Fortune magazine. 15 Jul 2006
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ONGC not to buy HPCL's stake in Mangalore refinery State-owned oil exploration company, Oil and Natural Gas Corporation (ONGC), has scuttled its plan to increase its stake in Mangalore Refinery and Petrochemicals Ltd to 88.6 percent, following Hindustan Petroleum Corporation Ltd's (HPCL) refusal to sell its 16.97 percent stake to the former. 28 Jun 2006
RPL shares trade high on its debut The shares of Reliance Petroleum Limited (RPL) commenced trading in the stock exchanges on a high note on May 11, gaining 70 percent at Rs. 101.95 in its debut on the Bombay Stock Exchange (BSE) on heavy purchases by funds and retail investors. 12 May 2006
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ONGC eyes HPCL's stake in Mangalore Refinery India's largest oil exploration company, the Oil and Natural Gas Corporation (ONGC), is eyeing Hindustan Petroleum Corporation's (HPCL) 16.97 percent stake in its subsidiary, Mangalore Refinery and Petrochemicals Ltd. 30 Apr 2006
