ONGC may pare HPCL stake

ources said the buyout of HPCL had not resulted in the integration of the two companies, which had different lines of business and corporate cultures. It only helped the Modi government to meet the disinvestment target set for the last fiscal, they said.HPCL, in fact, had refused to recognise ONGC its majority shareholder for 15 months. In regulatory filings for five consecutive quarters, HPCL listed "President of India" as its promoter with "zero" per cent shareholding. ONGC was listed as a "public shareholder" owning "77.88 crores" shares, or "51.11 per cent", in the company. It was only in August that HPCL recognised ONGC as its promoter in its public filings, almost 20 months after the buyout.Data showed ONGC's expenditure on exploratory wells had almost halved to Rs 6,016 crore in the last fiscal from Rs 11,687 crore for the year ended March 31, 2014. This coincided with a steady decline in domestic crude oil production, which dropped to 35.68 million tonnes (mt) in 2017-18 from 38.09 mt in 2011-12.ONGC's buyout of HPCL and Gujarat-based GSPC have severely dented ONGC's cash reserves. The buyout of HPCL in January 2018 had turned ONGC, a zero-debt company, into one with a debt of Rs 21,593 crore by the end of 2018-19. Interest payments zoomed to Rs 2,492 crore in 2018-19 from Rs 2.79 crore in 2014-2015.Both HPCL, which was earlier part of the US-based Esso conglomerate, and BPCL, which was earlier Burmah-Shell, a British oil retailer, were nationalised in the 1970s.HPCL recorded gross sales of Rs 2,95,713 crore in 2018-19 and net profit of Rs 6,029 crore. HPCL, which runs three major refineries in the country, is modernising its Visakhapatnam refinery at an estimated cost of Rs 20,928 crore. Once completed, this project will increase its refining capacity to 15mt from 8mt. DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: The Telegraphhttps://ask.fm/repentkentop

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Costly liquor in Andhra Pradesh from today as excise goes up

Beer of all ranges flat rate includes: Rs 30 for 330 ml, Rs 30 for 500 ml, Rs 60 for 650 ml, Rs 3,000 for 30,000 ml and Rs 6,000 for 50,000 ml. Ready to drink all ranges flat rate includes Rs 60 for 250/275 ml. ... DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Deccan Chroniclehttps://www.sbnation.com/users/bentstopmes

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Uddhav Thackeray puts off Ayodhya visit plan

'Nothing has been decided on the visit yet,' said Sena MP and secretary Vinayak Raut. Deferring the visit is being viewed as the Sena's attempt not to rock the boat. The Sena's Hindutva agenda could be a stumbling block in the coming together of the three parties, political observers feel. Another functionary said Thackeray never announced a travel date, but had merely expressed a 'wish' to visit if the 'law and order scenario permits'. 'Hindutva is not being downplayed in any way. It is an incorrect assumption of the media. The government in the state, if the three parties come together, will be run on a common agenda. Hindutva is a national issue and will remain at the core of the party,' a Sena functionary said. Political observers said the Sena chief is playing his cards right on the Hindutva agenda. Surendra Jondhale, a political analyst, said, 'His primary concern seems to be government formation. Visiting Ayodhya will not serve any purpose, as people would take it in a wrong way. Secondly, the [SC] judgment has stated a temple would come up there, so it is not of relevance now. Thirdly, the issue will not be beneficial for the political future of his son, Aaditya.' Republican Party of India (RPI-A) chief and union minister Ramdas Athawale on Monday suggested a power-sharing agreement between the Shiv Sena and the Bharatiya Janata Party (BJP) to end the deadlock over government formation in Maharashtra. Athawale, whose party is part of the BJP-led National Democratic Alliance, said the 'compromise' formula was discussed with senior Sena leader Sanjay Raut. The proposed agreement will allow both parties to occupy the chief minister's post. 'I spoke to Sanjay Raut ji about a compromise. I suggested him a formula of three years (BJP CM) and two years (Shiv Sena CM) to which he said that if the BJP agrees, the Shiv Sena can think about it. I will discuss this with the BJP,' news agency ANI quoted the Union minister on Monday in New Delhi.Despite attempts, Raut could not be reached for a comment. A party functionary said, 'I am not aware if the two have had any discussion . No such power-sharing agreement has come to Uddhav ji.' htc DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Hindustan Timeshttps://www.viki.com/users/jeffmattyhardayhappy_659/about

Uddhav Thackeray puts off Ayodhya visit plan

'Nothing has been decided on the visit yet,' said Sena MP and secretary Vinayak Raut. Deferring the visit is being viewed as the Sena's attempt not to rock the boat. The Sena's Hindutva agenda could be a stumbling block in the coming together of the three parties, political observers feel. Another functionary said Thackeray never announced a travel date, but had merely expressed a 'wish' to visit if the 'law and order scenario permits'. 'Hindutva is not being downplayed in any way. It is an incorrect assumption of the media. The government in the state, if the three parties come together, will be run on a common agenda. Hindutva is a national issue and will remain at the core of the party,' a Sena functionary said. Political observers said the Sena chief is playing his cards right on the Hindutva agenda. Surendra Jondhale, a political analyst, said, 'His primary concern seems to be government formation. Visiting Ayodhya will not serve any purpose, as people would take it in a wrong way. Secondly, the [SC] judgment has stated a temple would come up there, so it is not of relevance now. Thirdly, the issue will not be beneficial for the political future of his son, Aaditya.' Republican Party of India (RPI-A) chief and union minister Ramdas Athawale on Monday suggested a power-sharing agreement between the Shiv Sena and the Bharatiya Janata Party (BJP) to end the deadlock over government formation in Maharashtra. Athawale, whose party is part of the BJP-led National Democratic Alliance, said the 'compromise' formula was discussed with senior Sena leader Sanjay Raut. The proposed agreement will allow both parties to occupy the chief minister's post. 'I spoke to Sanjay Raut ji about a compromise. I suggested him a formula of three years (BJP CM) and two years (Shiv Sena CM) to which he said that if the BJP agrees, the Shiv Sena can think about it. I will discuss this with the BJP,' news agency ANI quoted the Union minister on Monday in New Delhi.Despite attempts, Raut could not be reached for a comment. A party functionary said, 'I am not aware if the two have had any discussion . No such power-sharing agreement has come to Uddhav ji.' htc DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Hindustan Timeshttps://issuu.com/michealjohsonpratts

BJP's candidate Jay Prakash Majumdar heckled in Bengal

But it will not demoralise me and I will continue to visit all the booths. I have complained to the Election Commission," Majumdar, the vice-president of the state unit of the BJP, said.The BJP on Monday said the incident shows jitteriness of state chief minister Mamata Banerjee and that she is trying to win by resorting to violence.The manner in which Mamata Banerjee is resorting to political violence to win the by-elections shows her jitteriness and the Election Commission should take cognisance of it, BJP national spokesperson G.V.L. Narasimha Rao said.The Nadia district unit of the Trinamul rubbished the allegations as "baseless". Locals had attacked Majumdar as they were angry with him for "vitiating" the poll atmosphere, it said.The EC has sought reports about the incident.Trinamul MP Mohua Moitra declined to comment.Besides Karimpur, bypolls are underway in Kharagpur Sadar and Kaliaganj Assembly seats.While Kharagpur Sadar and Karimpur seats were held by the TMC, Kaliaganj was represented in the Assembly by the Congress.In Karimpur, vacated by MLA Mahua Moitra after emerging victorious from Krishnnanagar Lok Sabha seat, CPI(M)-Congress candidate Gholam Rabbi is contesting against Majumdar and Trinamul's Bimalendu Singha Roy.The Kharagpur Sadar seat fell vacant as the sitting Trinamul MLA contested and won a Lok Sabha seat.Bypolls were necessitated in Kaliaganj following the death of Congress MLA Parmathanath Roy.About 30.17 per cent of over seven lakh electorate exercised their franchise in the bypolls to the three Assembly seats till 11 am. DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: The Telegraphhttps://www.aeriagames.com/user/neutosgotham/

Assam recalls Lachit valour

e added that Borphukan's valour and resistance that prevented the Mughals to win Assam is an example of the rich legacy of the state and its people. The unflappable heroics of the Ahom general and his patriotism should be emulated by the youth to revive Assam's lost glory, he said.The chief minister called on people to take a pledge to build the motherland Bor-phukan had dreamt of. "We need to work hard to re-establish our supremacy," he said.Sonowal also presented awards to the winners who participated in the art competition as part of the programme, organised by the cultural affairs department.Education minister Siddhartha Bhattacharya, cultural affairs minister Naba Kumar Doley and member of Parliament Queen Oja spoke.Commissioner and secretary of the cultural affairs department Preetom Saikia, director of the department Bishnu Kamal Bora, Assam Tourism Development Corporation chairman Jayanta Mallah Baruah and a host of other dignitaries attended the event.Earlier, the chief minister attended another programme, organised by Raised, a voluntary organisation, at Lachit Borphukan Park in Jalukbari.Aid for maidam: The day was celebrated with Tai rituals at Lachit Maidam, where the Ahom general was buried, at Hoolungaparaa Gohain Gaon under Teok revenue circle in Jorhat. Addressing a meeting organised by the district administration, Jorhat MP Topon Kumar Gogoi spoke about the contribution of Borphukan for Assam's emergence as an independent entity. The MP announced Rs 10 lakh for the maidam's beautification.Jorhat deputy commissioner Rashni Aparanji Korati, principal of Kendriya Mahabidyalay Munindra Konwar, among others, attended the programme.Additional reporting by Devajit Boruah in Jorhat DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: The Telegraphhttps://www.racked.com/users/rampagearjuns

Boris Johnson vows to table 'Get Brexit Done' deal before Christmas

The manifesto promises, if the Conservatives win, to put the Brexit deal before the House of Commons ahead of parliament being shut down for Christmas and New Year recess. That will then pave the way for Britain's departure from the European Union (EU) on January 31, 2020. He described it as an "oven-ready" deal, already supported by Brussels and backed by every Conservative politician fighting in the election. Johnson said it would see a tidal wave of investment into Britain. Johnson said Britain had been held back by three-and-a-half years by a broken parliament. "We will get Brexit done and end the acrimony and despair," he said in a speech that made constant references to Britain's EU membership impasse. The manifesto said that there would be a five-year freeze on levels of income tax, Value Added Tax (VAT, which adds up to 20 per cent on the prices of goods and services), and National Insurance contributions, which funds the country's health service. Describing the manifesto as moderate, compared to the main opposition Labour Party plans for a massive spending spree, Johnson further stressed that 50,000 new nurses and 20,000 more police will be hired. There would also be more spending on infrastructure, science, and education, while at the same time controlling debt. The manifesto continued to give the governing Conservatives a double-digit lead over Labour. Pollsters say if the results are mirrored in the December election, Johnson would return to 10 Downing Street as head of a majority government. DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Deccan Chroniclehttps://anotepad.com/notes/284ewgw