ONGC

A day after Infosys announced that they had agreed to buy out UK based Axon Group for what will go down as the biggest deal in the history of Indian IT services, the foreign arm of India’s largest oil corporation ONGC (Oil And Natural Gas Corporation) ONGC VIDESH did one better by announcing that they had agreed to purchase another UK based company : Imperial Energy .This deal when done will be the biggest deal in the history of  Indian oil companies and is a sure sign that India Inc. is firmly looking to make good buys in the European markets.

By Vipin Agnihotri

In my opinion, Indian capital markets are increasingly taking their cues from global markets. Generally speaking, no sector is completely insulated from the impact of a US and global slowdown, but there are obviously few sectors that are more protected as compared to others.

Oil and Natural Gas Corporation (ONGC)

By Priya Nigam

So, the government has finally decided to hike petrol and diesel prices. While global oil prices have been flirting with the $100 per barrel mark, the Indian government was still on tenterhooks about the hike. Petrol prices were upped by Rs2 per litre and diesel prices were raised by Re1 per litre. While this may not be good news for you and me, the decision offers some respite to companies like Oil and Natural Gas Corporation (ONGC), which produces around 80% of the country’s crude oil.

Sundaramurthy Vadivelu

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