New Delhi, June 16: ONGC may raise its stake in Cairn India’s prolific Rajasthan oilfields as a condition for agreeing to allow the Anil Agarwal-group firm to operate the block after the expiry of the contractual period. Cairn’s contractual term for exploring and producing oil from the Rajasthan block expires in 2020 and the area is to return to the block licensee — Oil and Natural Gas Corp.
Mumbai, June 16: The RBI will sell dated government securities worth Rs 15,000 crore in four tranches on Friday, the RBI has said. Dated government securities are long-term securities carrying a fixed or floating coupon or interest rate paid on the face value.
New Delhi, June 16: The Centre is likely to sell its residual stake in Hindustan Zinc for an estimated Rs 20,000 crore through an offer for sale (OFS), and is in the final stages of discussion with Sebi for changes in the OFS rules.
