Hindustan Oil Exploration Company Limited (HOEC), a significant player in India’s energy sector, has furthered its operational footprint with the successful acquisition of Block MB/OSDSF/B15/2024. Awarded under the Special Discovered Small Fields (SDSF) Bid Round 2024, this achievement reflects HOEC’s continued focus on augmenting its hydrocarbon reserves and enhancing shareholder value. The official announcement was …
On 15 April 2025, Max India Limited convened a Board meeting that resulted in two major decisions: the approval of a promoter reclassification request and the proposal to raise capital through a rights issue. These decisions align with regulatory requirements and reflect the company’s evolving governance structure and financial planning. Change in Shareholding: Promoter Reclassification …
In a decisive statement of intent, JSW Group Chairman Sajjan Jindal has laid out a transformative blueprint for the company’s future, positioning JSW as a central force in India’s industrial ascent. As global trade dynamics shift away from China, Jindal believes JSW can spearhead India’s rise as the world’s next manufacturing hub. From combating unfair …
Ananya Birla, under the Aditya Birla Group, has introduced a new premium cosmetics brand called LOVETC through Birla Cosmetics Pvt. Ltd. (BCPL). This move marks the company’s deeper entry into India’s beauty segment, especially after launching Contraband earlier this year. The aim is to offer high-quality, performance-driven colour cosmetics that are homegrown yet world-class. Vision …
For the first time ever, ONGC, Reliance Industries and global energy firm BP have teamed up to win an offshore oil exploration block in Gujarat. This consortium secured the GS-OSHP-2022/2 block located in the Saurashtra Basin as part of India’s ninth Open Acreage Licensing Policy (OALP-IX). ONGC holds a 40% stake, while Reliance and BP …
Oil India Limited (OIL), a Maharatna Central Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, has made significant progress in India’s energy sector. In a notable achievement, the company has secured 9 blocks in the ninth round of the Open Acreage Licensing Policy (OALP IX), showcasing its aggressive growth and deepening role …
Cairn Oil & Gas, a vertical of Vedanta Limited, has significantly bolstered its exploration portfolio by acquiring seven new blocks under the Open Acreage Licensing Policy (OALP) Round-IX. As India’s largest private oil and gas producer, Cairn’s latest acquisition underlines its ongoing commitment to energy security and resource development. This strategic move not only enhances …
Starting April 16, 2025, major city gas distribution companies in India will operate with reduced volumes of APM (Administered Price Mechanism) domestic gas. The revised allocations have been communicated by GAIL (India) Ltd, the nodal agency for gas supply. The reductions affect distributors supplying piped natural gas (PNG) and compressed natural gas (CNG) in urban …
The Ministry of Labour & Employment has signed an MoU with Swiggy to list gig and logistics jobs on the National Career Service (NCS) portal. The aim is to create over 12 lakh job opportunities in the next 2-3 years. As of 9:21 am on April 16, 2025, Swiggy share price was trading at ₹338.70, …
IndusInd Bank has received an external audit report identifying discrepancies in its derivative transactions. The report, submitted on April 15, 2025, estimated a negative impact of ₹1,979 crore as of June 30, 2024. This translates to 3.1% of the bank’s net worth at that point, which stood at ₹63,815 crore. As of 9:25 am on …
