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Logo of ONGC | Twitter

Govt panel sends notice to ONGC over inquiry on OBC employees ‘exploitation, quota violation’

ONGC receives notice after skipping meeting with National Commission for Backward Classes, which has data showing company did not fill its OBC employee quota for about 13 years.

Shaurya Chakra for ONGC officer who died after averting major disaster due to gas leak

C.N. Rao, along with three CISF personnel, died in a blast when they were trying to check gas leakage from a pipeline at ONGC’s processing plant in Uran near Mumbai.
File photo of PM Narendra Modi along with BJP president Amit Shah and party leader Rajnath Singh | PTI

Modi govt must learn from Vajpayee on how to generate wealth from disinvestment in PSUs

The Atal Bihari Vajpayee government’s disinvestment record has still not been matched by any government. UPA government’s record has been relatively pathetic.
ONGC plant fire

Fire breaks out at ONGC plant in Navi Mumbai, four dead

The fire broke out in the storm water drainage at ONGC's Uran Plant early Tuesday morning. The oil company said there was no impact on oil processing.

China has positioned its coast guards near ONGC’s South China Sea blocks, says Vietnam

Vietnamese official says Chinese presence could create a potentially 'dangerous' situation in the region.
An Oil & Natural Gas Corp. (ONGC) logo on display at a news conference in New Delhi | Prashanth Vishwanathan/Bloomberg

ONGC Videsh to miss disinvestment bus despite Modi govt’s ambitious target

The Modi govt has an ambitious disinvestment target of Rs 1.05 lakh crore, but is not comfortable with launching an IPO for ONGC Videsh.
An Oil & Natural Gas Corp. (ONGC) logo on display at a news conference in New Delhi | Prashanth Vishwanathan/Bloomberg

Modi govt likely to give up direct control of ONGC, IOC, GAIL, NTPC

An official said the govt identified the biggest energy companies as probable candidates for cutting its direct holding to below 51%.
Bharat Petroleum Corp. refinery in Mumbai

Modi govt puts oil PSU mergers on hold, ‘no room for experiments’ now

Former finance minister Arun Jaitley had earlier pushed for ONGC and HPCL merger, which has not been smooth.
Indian economy

ONGC says it’s not facing a fund crunch despite falling cash balance

ONGC’s cash balance fell to Rs 167 crore in Sept 2018 from Rs 9,511 crore in March 2017, but it says it has enough to finance current and future projects.
An Oil & Natural Gas Corp. (ONGC) logo on display at a news conference in New Delhi | Prashanth Vishwanathan/Bloomberg

ONGC cash reserves crash to Rs 167 crore from Rs 9,511 crore in 1.5 years under Modi govt

ONGC’s cash & bank balances hit Rs 167 crore in Sept 2018, down from Rs 9,511 crore in March 2017, following the acquisition of HPCL and other govt diktats.

On Camera

People sit in an outdoor plaza in Gangtok, Sikkim (Representational image)

Sikkim stopped seeing drug users as criminals and look what happened

In 2018, Sikkim Anti-Drugs Act decriminalised illicit drug use and laid down elaborate provisions for detoxification and rehabilitation.
The Bombay Stock Exchange

Reliance, Maruti biggest losers as Sensex drops for fourth straight day amid gloomy outlook

BSE Sensex loses 0.8% while NSE Nifty 50 Index drops 0.9%. A gauge of IT firms rises 0.9%, but 16 out of 19 sector sub-indexes compiled by BSE drop.

Defence

The Chinese flag (representational image) | Pixabay

China has more than doubled its military positions at LAC since Doklam, new report says

China is constructing at least 13 new military positions near its borders with India, including 3 air bases and 5 heliports, says a Stratfor report.
Illustration: Soham Sen | ThePrint

Suspect all, fix all? Is that the motto of our new ‘National Suspicion State’?

It’s not just Modi government or BJP, but even state governments, judiciary are getting caught in a ‘we suspect all’ mindset. Is India becoming a National Suspicion State?