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Focus on windfall tax review leads to oil stocks ending in the green

Export taxes on petrol are likely to see the steepest reduction, while levies on diesel and jet fuel could also be lowered to adjust the impact of price declines

RIL, ONGC gain amid report govt may lower windfall tax on fuel on Friday

On the bourses, shares of RIL jumped 2.4 per cent in the intra-day trade, while those of ONGC rose 6.4 per cent.

NMDC to be excluded from Nifty CPSE index over move to hive off steel arm

NMDC shares drop 5.3%; ONGC, Coal India and Bharat Electronics likely to see inflows of $31-46 million on account of the rebalancing

Top Headlines: PSBs shareholding cap, growth of top firms, and more

The central government is seeking to remove the 10 per cent shareholding cap for individuals in public sector banks (PSBs). Read more in our top headlines

India's top listed companies may log strong double-digit growth in Q1

Business Standard analysis is based on the numbers of 47 Nifty companies, excluding Bajaj Finserv, HDFC Life, and SBI Life

ONGC, OIL big winners of OALP-VII bid; govt offers 10 block in OALP-VIII

State-owned ONGC, OIL and GAIL walked away with most of the eight blocks offered for exploration and production of oil and gas in the OALP 7th bid round even as the government launched the next round

Oil India, ONGC tank up to 33% in 1 week on windfall tax, fall in Brent oil

Oil India was down 8 per cent at Rs 176, while ONGC shed 6 per cent in traes on Wednesday.

PSUs face further investment apathy; privatisation may struggle: Analysts

The bulk of the earnings reduction over the past two months for the Nifty-50 index, according to KIE, has come from the government's decision to levy new taxes

Windfall tax: $12 margin hit for Reliance; govt to rake in Rs 1.3 trn

However, the earnings impact for RIL is likely to be less material given offsets from marking-to-market for current GRM strength, says a brokerage

India to drop windfall tax if oil prices fall $40 a barrel: Revenue Secy

The tax on firms that have increased product exports to gain from higher overseas margins took effect on July 1, as the government moves to boost domestic supply and revenue

ONGC, Oil India extend fall; tank up to 20% in two days on windfall tax

Brokerage firm Motilal Oswal reiterates its BUY rating with revised target prices of Rs 171 and Rs 364 for ONGC and Oil India, respectively.

Are RIL, ONGC worth your money after govt's surprise export duty?

Index heavyweight RIL dropped over 7%, while other oil upstream and exploration-linked stocks slumped up to 15%. But should you buy these stocks on dips? Let us find out

Export duty on steel and petro products to hit corporate earnings in FY23

Metals & oil firms together saw profit of Rs 3.05 trn in FY22

Markets end the day with tiny losses even as heavyweight RIL tanks 7%

If not for RIL's steep correction, the index could have closed nearly 500 points higher

Damocles Sword on oil stocks: Is it time for you to rethink your position?

The government has levied Rs 6 per litre tax on ATF and petrol exports and imposed Rs 13 per litre tax on diesel exports

Domestic crude oil producers get marketing freedom, exports not allowed

According to a government statement, this move shall ensure marketing freedom for all exploration and production (E&P) operators

Four dead in Pawan Hans helicopter mishap near ONGC's rig at Mumbai High

Three of the four dead were ONGC employees

Adjustment Day: Fine 'rebalancing' act for Nifty indices on Wednesday

The quarterly recapping of Nifty indices takes into account the changes in free-float market capitalisation (m-cap) of companies and realigns their weighting

3 ONGC employees among 4 dead in Pawan Hans helicopter crash in Arabian Sea

A Pawan Hans helicopter, with two pilots and seven others including six ONGC employees onboard, fell into the Arabian Sea about 50 nautical miles from the Mumbai coast

ONGC chopper carrying 9 makes emergency landing in Arabian Sea, 6 rescued

A helicopter carrying seven passengers and two pilots made an emergency landing in the Arabian Sea on Tuesday, near Oil and Natural Gas Corporation Limited (ONGC) rig Sagar Kiran in Mumbai High