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SBI mops up record $1.25 bn in overseas bond sale

Last Updated: Friday, April 11, 2014, 16:05

SBI has broken the record set by Oil India earlier this week by raising 25 percent more than the oil explorer.

OIL is first India firm to raise $1 bn in foreign bond sale

Last Updated: Wednesday, April 09, 2014, 15:23

A Regulation S transaction implies that US-based investors cannot participate in the issue.

Oil India raises $1 billion in overseas bond sale

Last Updated: Tuesday, April 08, 2014, 22:44

State-run oil and gas explorer Oil India (OIL) Tuesday became the first Indian company to sell USD 1 billion worth of debt in its debut US dollar bond sale programme.

OIL to borrow $900 million to refinance Mozambique stake loan

Last Updated: Monday, April 07, 2014, 21:32

State-owned Oil India Ltd plans to raise USD 900 million in foreign debt to refinance a loan taken to fund its share of a stake in a super-giant Mozambique gas field acquired jointly with ONGC.

India's crude oil imports surge on fuel demand ahead of polls

Last Updated: Monday, March 31, 2014, 20:00

Refiners see demand for fuel, especially diesel, rising as electioneering picks up for the April-May Lok Sabha polls.

RIL, Oil India win two oil blocks each in Myanmar

Last Updated: Wednesday, March 26, 2014, 22:19

Reliance Industries won two of the three offshore oil and gas blocks it bid for in Myanmar while ONGC Videsh Ltd drew a blank in the two areas it vied for.

ONGC, OIL buy 10% govt stake in IOC

Last Updated: Friday, March 14, 2014, 15:26

State-owned ONGC and Oil India Ltd (OIL) on Friday bought 10 percent government stake in Indian Oil Corp (IOC) for Rs 5,340 crore.

ONGC, Oil India to buy Indian Oil stake at Rs 220 per share

Last Updated: Thursday, March 06, 2014, 13:23

Oil Minister M Veerappa Moily had on February 28 confirmed the sale would will happen at 10 percent discount.

IOC stake sale priced at 10% discount; govt to get Rs 5,300 crore

Last Updated: Friday, February 28, 2014, 09:03

The government has approved 10 percent stake sale in Indian Oil Corporation (IOC) to state run ONGC and OIL at a discount of 10 percent, which will fetch about Rs 5,300 crore to the exchequer.

Iran seeks over $1 bn dues from India for crude oil supply

Last Updated: Thursday, February 27, 2014, 21:03

Iran has sought over USD one billion from India due for supply of crude oil in the wake of partial lifting of sanctions against the Persian Gulf country.

EGoM to decide on IOC share sale price Friday

Last Updated: Thursday, February 27, 2014, 16:18

A panel of ministers headed by Finance Minister P Chidambaram will decide on Thursday the price at which Indian Oil shares will be sold to ONGC and Oil India.

India ready to pay $1.5 billion to Iran for oil: Govt

Last Updated: Tuesday, February 25, 2014, 20:51

India is ready to pay USD 1.5 billion to Iran to clear part of a backlog of payments for shipments of oil following the partial easing of western sanctions on Tehran, Oil Secretary Vivek Rae said on Tuesday.