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The cabinet had cleared a plan to sell 53.3% of its stake in Bharat Petroleum Corporation (BPCL) [citation needed] with the rest owned by Foreign Portfolio Investors (13.7%), Domestic Institutional Investors (12%), Insurance (8.24%) and the balance held by individual share holders. [20] But as of 2024, such a plan is said to be off the table. [21]
The company feared the low price on domestic market might lead to losses for the company and encourage the smuggling of oil in the border areas with India. [ 7 ] [ 8 ] In 2020, the Government of Bangladesh changed the law to require state owned enterprises to deposit surplus or idle funds to the national treasury. [ 9 ]
The special efforts and corporate strategies put in place by Jain, after joining on 31.12.2005, yielded the much awaited turnaround of the Company. BPCL achieved a net profit of ₹1.84 crores during Financial Year 2005-06 after accounting for interest amounting to ₹135 million as against a loss of ₹108.6 million during previous year 2004-05.
Bharat PetroResources (BPRL) is a wholly-owned subsidiary of Bharat Petroleum Corporation, a central public sector undertaking company functioning under the Ministry of Petroleum and Natural Gas, Government of India. [1]
The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.
TradingView is a social media network, analysis platform and mobile app for traders and investors. The company was founded in 2011 and has offices in New York and London. [2]
A general view of the CFP logo before the college football Playoff Semifinal game on December 31, 2022 at Mercedes-Benz Stadium in Atlanta, Georgia.
Daily average mortgage rates on popular terms are rising as of Friday, December 20, 2024, with sharp moves higher for 30-year terms edging closer to 6.90% — an average 20 basis points higher ...