Oil & gas
I-T dept loses Rs18,000-cr transfer pricing case against Shell India
18 Nov 2014
The tax authorities failed to establish that the issue of shares of Rs180 market value at Rs10 per share was intended to avoid paying tax and that the company is liable to pay tax on the income generated out of it
Halliburton to acquire rival Baker Hughes for $34.6 bn
18 Nov 2014
Oil services giant Halliburton will acquire its rival Baker Hughes for about $34.6 billion, leading to a merged entity worth $67 billion
ONGC to invest Rs10,600 crore to rev up western offshore output
17 Nov 2014
The investment will lead to incremental gain of 7.547 million tonne of crude oil and 3.864 billion cubic meter of gas by 2030
Govt launches modified direct benefit transfer of LPG scheme
15 Nov 2014
The scheme is designed to ensure that the benefit meant for the genuine domestic customer reaches them directly and is not diverted
Halliburton and Baker Hughes in merger talks
14 Nov 2014
US oilfield services providers Halliburton & Co and Baker Hughes Inc are in merger talks in a deal that will value the merged company at around $67 billion
Govt hikes excise duty on petrol, diesel as prices fall
13 Nov 2014
The duty hike could help the government mop up an additional Rs13,000 crore as revenue
