Sentiment in the markets which was really low for the last few weeks because of high inflation and interest rate regimes, was hit by a double whammy on Tuesday with the Centre’s reported move to make ONGC share a higher subsidy burden and SBI shocking the street with a dip of 99 per cent in its net profit for the Q4FY11 on higher provisioning.

After striking gas in the very first attempt at Aliabet in Gulf of Cambay, Oil and Natural Gas Corp (ONGC) has started drilling second well there, a top official said.

ONGC struck gas on very first d

As many as 57 Indian companies including Reliance Industries, State Bank of India and Oil & Natural Gas Corp. figure in The Forbes Global 2000 list of public companies based on their rankings for sale

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) and Oil India are moving staff out of Libya, fearing more violence in the North African nation that is facing a rebellion.

ONGC has one staffe

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) has over 1.7 billion tonnes of oil reserves in its domestic and foreign fields, according to independent audits.

ONGC's 64 domestic fields ha

New Delhi: Oil & Natural Gas Corp (ONGC) will file for a near $3 billion share sale by the end of February and expects to launch the offer in mid-March, as planned, its finance chief said on Sunday.

Jan. 25: Oil and gas major ONGC has found shale gas indication from a shale gas pilot project it was carrying out in West Bengal. If this project is successful, it could result in a major boost to Ind

Around a mile long oil spill has been detected from a ruptured pipeline some 80 km off the Mumbai coast, state-owned Oil and Natural Gas Corp (ONGC) said on Friday.

New Delhi: The government today is understood to have approved a share split in oil and gas major ONGC and issue of bonus shares as a prelude to the company's follow-on public offer in March 2011.

The government is set to divest 10 per cent of its stake in Indian Oil Corporation, while 5 per cent in Oil and Natural Gas Corporation next year, a senior official said today.

"The government plans