The government on Thursday raised the windfall tax on exports of diesel to Rs 7 per litre and reintroduced the tax on jet fuel exports of Rs 2 per litre.
Stocks to Watch: Blackstone Inc. is seeking to raise as much as Rs 3,180 crore ($400 million) through the sale of shares in Indian automotive component maker Sona Comstar
The collaboration areas focus on the Krishna Godavari and Cauvery Basins in the eastern offshore and the Kutch-Mumbai region in the western offshore
State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.
Revenue from operations increased to Rs 42,320.72 crore in the first quarter of the current financial year from Rs 23,021.64 crore in the year-ago period.
CLOSING BELL: Among sectors, the Nifty IT and Pharma indices fell 1.15 per cent each, while the Nifty Oil and Gas index rose over 2 per cent
The Supreme Court sought a response from the Centre on an appeal of Vedanta Ltd against a Delhi High Court verdict related to a PSC of Vedanta and the ONGC to produce oil from the Barmer oil field
Stocks to watch today: LIC, ONGC, HAL will report their June quarter results (Q1FY23) on Friday, August 12; NMDC hikes prices of lump iron ore by Rs 200 a tonne and fines by Rs 100 a tone.
Experts say move is justified but government should clarify how proceeds will be utilised
Stocks to Watch today: Uber has decided to put its entire 7.8 per cent stake in Zomato on the block, according to sources.
L N Mittal-backed HPCL-Mittal Energy and govt-owned companies remain in contention for the bankrupt firm
The govt slashed the windfall tax on domestically-produced crude oil three weeks after imposing it. What may have prompted the govt to do this turnabout, and who all will benefit from it?
Petrol and diesel prices are down by $40-50 per barrel from month-ago levels
Move to benefit RIL, ONGC and Oil India
Shares of firms related to oil exploration and refineries were in heavy demand on Wednesday, with Reliance Industries and ONGC rallying after the government slashed windfall tax
While the underneath trend seems positive, Reliance, ONGC and Oil India need to sustain above the major support levels for further gains.
So far, the company's dividend payout in FY23 stands at Rs 18,960 crore, ahead of FY22 total dividend of Rs 16,740 crore
Centre, on Wednesday, eliminated a levy on gasoline exports and cut windfall taxes on other fuels less than three weeks after they were imposed
CPCL, Oil India, ONGC, MRPL, Gail (India) and Reliance Industries were up 4 per cent to 11 per cent on the BSE in intra-day trade.
India imposed the taxes on July 1, joining a growing number of nations placing windfall levies to tap energy companies' booming profits