by Amruth Sundarkumar | Aug 3, 2022 | India, Macroeconomic news
India has made adjustments to its tax policy for the second time in less than two weeks. The South Asian country has raised the windfall tax on locally produced crude from INR 17,000 to INR 17,750 a tonne, which will hurt producers like Vedanta, Reliance and ONGC....
by Amruth Sundarkumar | Jul 20, 2022 | Corporates, India
India has now cut the windfall tax offering relief to companies like Reliance Industries (RIL) and ONGC, just a few weeks after had imposing a imposing a windfall tax on oil exports of producers and refiners on July 1. In the last three weeks, Brent crude oil prices...
by Amruth Sundarkumar | Jul 5, 2021 | Financial News
India’s state owned Oil and Natural Gas Corporation Limited’s (ONGC) has been rated BBB- by Fitch in line with the sovereigns’ ratings. The rating applies to the Long-Term Foreign Currency Issuer Default Rating (IDR) as well as to the company’s...
by Amruth Sundarkumar | Jun 16, 2021 | High Yield Bonds, India
ONGC Videsh, the international subsidiary of the Indian natural gas and oil corporation ONGC, is planning to raise $525mn in foreign currency loans from domestic and international lenders to repay bonds maturing next month, according to sources. They also claimed ONGC...
