IOC rejigs expansion plan as losses mount
Investment in 72 companies has been completely eroded by their losses.
ONGC to raise natural gas prices by 17% to cover up the losses
Citigroup faces $10b losses in fourth quarter
BPCL net loss crosses Rs 2,000 level
Parliament has already approved issue of oil bonds.
All banks are required to put 25% of their funds in government securities.
The state governments want the centre to share the Rs 8,000 crore revenue loss incurred by them due to duty cuts.
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