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Oil and Natural Gas Corporation (ONGC), India’s largest oil and gas producer, is perceived as undervalued by the market. Despite having a market capitalization of around ₹3.1 lakh crore, ONGC trails behind food delivery giant Zomato in terms of market value.

This discrepancy largely stems from the fact that ONGC’s stakes in subsidiaries and minority investments account for over a third of its total market capitalization, which the market has not fully priced in.

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**Market Comparison: ONGC vs. Major Indian Companies**

Over the past 13 years, ONGC’s market capitalization has grown by only 26%. In contrast, other listed Indian companies have experienced phenomenal growth in valuations:

– **Reliance Industries**’ market cap surged from ₹2.43 lakh crore in July 2012 to ₹18.7 lakh crore today.
– **Tata Consultancy Services (TCS)** saw its market value rise from ₹2.42 lakh crore in July 2012 to ₹10.95 lakh crore now.

This stark contrast highlights the sluggish market growth of ONGC despite its dominant position in the oil and gas sector.

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**Value of ONGC’s Portfolio: Stakes in Subsidiaries and Minority Investments**

ONGC holds significant stakes in several subsidiaries and other companies, yet the market has yet to fully appreciate these assets’ value:

– A **71.63% stake in Mangalore Refinery and Petrochemicals Limited (MRPL)**, valued at over ₹18,000 crore.
– A **54.9% stake in Hindustan Petroleum Corporation Ltd (HPCL)**, worth approximately ₹52,770 crore.

In addition, ONGC has minority stakes in:

– **Indian Oil Corporation** – 14.2%, valued at ₹31,000 crore
– **GAIL (India) Ltd** – 5%, worth about ₹5,900 crore

Combined, the total value of ONGC’s stakes in subsidiaries and minority investments exceeds ₹1.07 lakh crore — more than a third of its current market capitalization.

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**Government Perspective: Addressing Market Perception**

Oil Minister Hardeep Singh Puri recently expressed concern over the market’s undervaluation of state-owned oil public sector undertakings (PSUs). He stated that despite these PSUs’ strong profitability and significant contribution to the economy, investors harbor a “perception bias” that suppresses their market value.

Minister Puri also highlighted that over the past six years, India’s three major oil marketing companies—Indian Oil, Bharat Petroleum, and Hindustan Petroleum—have collectively generated profits totaling ₹2.5 lakh crore.

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**Conclusion**

While ONGC remains India’s largest oil producer with substantial assets and stakes in profitable subsidiaries, the market has yet to fully value its diversified portfolio. Addressing the perception bias around PSUs could unlock significant value for investors in the sector.
https://www.newsbytesapp.com/news/business/ongc-s-market-cap-growth-lags-behind-peers/story

basketball, injuries, philippines, sports, university

UAAP: Mason Amos injury adds woes to struggling La Salle

2025 年 10 月 12 日 admin Leave a comment

UAAP Schedule: Season 88 Basketball Tournament – First Round

MANILA, Philippines — La Salle is hoping for the best after forward Mason Amos went down with a knee injury during a loss to National University on Sunday.

Amos collided with the Bulldogs’ Gelo Tolentino at the 6:51 mark of the fourth quarter and stayed down on the floor in pain.

https://sports.inquirer.net/643927/uaap-mason-amos-injury-adds-woes-to-struggling-la-salle

cricket, culture, international, law, sports

WI’s Jaydeb Seales fined by ICC: Here’s why

2025 年 10 月 12 日 admin Leave a comment

**WI’s Jayden Seales Fined for Inappropriate Throw at Yashasvi Jaiswal**

*By Parth Dhall | Oct 12, 2025, 06:17 PM*

West Indies pacer Jayden Seales has been fined 25% of his match fee by the International Cricket Council (ICC) for breaching its Level 1 Code of Conduct. The incident occurred on Day 1 of the ongoing 2nd Test against India at Delhi’s Arun Jaitley Stadium.

Seales also received a demerit point, marking his second within two years—the first was against Bangladesh in December 2024.

### The Incident

The breach happened during the 29th over of India’s first innings. Seales fielded the ball on his follow-through and threw it at Indian batter Yashasvi Jaiswal, hitting him on the pads.

The ICC ruled that Seales violated Article 2.9 of its Code of Conduct for Players and Player Support Personnel. This article prohibits “throwing a ball (or any other item of cricket equipment) at or near a player in an inappropriate and/or dangerous manner during an International Match.”

### Sanction and Hearing

Initially, match referee Andy Pycroft proposed the penalty; however, Seales contested the sanction, leading to a formal hearing. Seales argued that he was attempting to run out Jaiswal.

After reviewing replay footage from multiple angles, the match referee determined that the throw was unnecessary and inappropriate since it hit Jaiswal while the batter was safely within the crease.

### ICC Guidelines on Level 1 Breaches

According to ICC regulations, Level 1 breaches carry a minimum penalty of an official reprimand, a maximum fine of 50% of a player’s match fee, and up to two demerit points.

The charge against Seales was brought forward by on-field umpires Richard Illingworth and Paul Reiffel, third umpire Alex Wharf, and fourth umpire K. N. Ananthapadmanabhan.

### Match Performance

In the first innings, Seales went wicketless as India declared at 518/5 after 134.2 overs. He bowled 22 overs, conceding 88 runs, including two maidens.

Meanwhile, fellow West Indies bowlers Jomel Warrican and captain Roston Chase shared four wickets between them.

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Stay tuned for further updates on the Test series.
https://www.newsbytesapp.com/news/sports/wi-s-jaydeb-seales-fined-by-icc/story

cricket, culture, international, law, sports

WI’s Jaydeb Seales fined by ICC: Here’s why

2025 年 10 月 12 日 admin Leave a comment

**WI’s Jayden Seales Fined for Inappropriate Throw at Yashasvi Jaiswal**

*By Parth Dhall | Oct 12, 2025, 06:17 pm*

West Indies pacer Jayden Seales has been fined 25% of his match fee by the International Cricket Council (ICC) for breaching its Level 1 Code of Conduct during the ongoing 2nd Test against India at Delhi’s Arun Jaitley Stadium.

### Incident Details

The incident occurred on Day 1, during the 29th over of India’s first innings. Seales fielded the ball on his follow-through and threw it at Indian batter Yashasvi Jaiswal, hitting him on the pads. The ICC ruled that this action violated Article 2.9 of its Code of Conduct for Players and Player Support Personnel, which prohibits “throwing a ball (or any other item of cricket equipment) at or near a player in an inappropriate and/or dangerous manner during an International Match.”

### Sanction and Hearing

Seales received a 25% match fee fine and a demerit point—the latter marking his second within two years; the first was against Bangladesh in December 2024.

The pacer contested the proposed sanction during a formal hearing, claiming he was attempting to run Jaiswal out. However, after reviewing multiple replay angles, match referee Andy Pycroft concluded that the throw was unnecessary and inappropriate as Jaiswal was within the crease when hit.

### ICC Guidelines on Level 1 Breaches

The ICC clarified that Level 1 Code of Conduct breaches carry a minimum penalty of an official reprimand and a maximum of 50% of the player’s match fee, along with up to two demerit points.

The charge against Seales was reported by on-field umpires Richard Illingworth and Paul Reiffel, third umpire Alex Wharf, and fourth umpire K. N. Ananthapadmanabhan.

### Match Context

In the first innings, Seales went wicketless, conceding 88 runs in 22 overs, including two maidens. India declared at 518/5 after 134.2 overs. Meanwhile, fellow West Indies bowlers Jomel Warrican and captain Roston Chase shared four wickets between them.

—

*Stay tuned for more updates from the ongoing Test match.*
https://www.newsbytesapp.com/news/sports/wi-s-jaydeb-seales-fined-by-icc/story