ONGC Group Remains Untouched by Trump Tariffs! Chairman AK Singh Discloses: "No Sanctions on Russian Oil, Purchases Will Continue", According to His Statements

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August 30, 2025: ONGC Chairman Confirms Ongoing Partnership with Russian Oil Companies

In a statement made at 8:21 IST on August 30, 2025, Arun Kumar Singh, the Chairman of ONGC (Oil and Natural Gas Corporation), confirmed that the company's relationship with its Russian partners remains unaffected.

Mr. Singh, a representative of the oil and gas giant, clarified that ONGC is not involved in any direct investment or partnership related to Russian oil, as has been speculated in some quarters. However, he emphasized that ONGC's subsidiary, ONGC Videsh Ltd (OVL), continues to work with Russian partners on ongoing projects in Russia.

Meanwhile, in another significant development, Adani Power has announced plans for a Rs 10,500 crore investment to build an 800 MW thermal plant in Madhya Pradesh. This investment is expected to boost the energy sector in the region.

Elsewhere, ITC Chairman Sanjiv Puri discussed Q1 GDP growth amid global challenges, providing insights into the economic landscape.

Investors are also keeping a close eye on the IPO allotment status for companies such as Amanta Healthcare, Vikran Engineering, and Anlon Healthcare. The allotment status for these IPOs can be checked online via PAN.

It's worth noting that the record date for bonus issue, stock split, dividend, and right issue by 21 companies is set for Tuesday, September 2.

Lastly, for those in the market for a new Apple device, the iPhone 16 Pro Max and iPhone 16 Pro are now available with significant discounts.

Stay tuned for more updates as they unfold.

ONGC Group Remains Untouched by Trump Tariffs! Chairman AK Singh Discloses: "No Sanctions on Russian Oil, Purchases Will Continue", According to His Statements