India Not to Divest Stake in ONGC, Indian Oil - Wall Street Journal

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NEW DELHI -- India's government isn't planning to sell a stake in state-run Oil & Natural Gas Corp. and Indian Oil Corp., the federal oil secretary said Wednesday."This is not the correct market time (to sell a stake) anyway. There is no serious consideration at this juncture," S. Sundareshan told reporters on the sidelines of an industry conference.

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