Shares of Reliance are at crossroads. The govt slashed windfall tax on fuel exports. And Singapore Gross Refining Margins are down to about $4 a barrel. This may fade RIL's abnormal profits in Q1FY23
Stock falls a day after windfall tax cut; crude refiner's results today
Unlisted firm Tata Power Renewables Energy plans to raise Rs 6,000 cr; Both Blackrock and Mubadala had invested $525 million this April for 10.5% stake
Petrol and diesel prices are down by $40-50 per barrel from month-ago levels
After UAE-based International League T20, Indian firms acquiring franchises in Cricket South Asia's new league
IRP appointed; corporate insolvency resolution process to start against the retailer
Move to benefit RIL, ONGC and Oil India
Students in the batch come from 19 Indian states and four countries, and from diverse fields like engineering, science, arts, commerce, mass media, and management studies or business administration
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.
Centre, on Wednesday, eliminated a levy on gasoline exports and cut windfall taxes on other fuels less than three weeks after they were imposed
Effective from July 20, Rs 6 a litre tax on petrol export has been completely scrapped
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
Reliance Industries, the Tata group, Bharti Airtel, Aditya Birla among conglomerates that took forward positions
Petrol and diesel prices are down by $40-50 per barrel from month-ago levels
Stocks to Watch Today: Alok Textiles, Ganesh Corporation, Hiedelbergcement, Bank of Maharashtra and Nelco to announce Q1 results on Monday.
Retail to benefit from low base; tariff hikes to power telecom growth
Vedanta, for instance, is majority-owned by Vedanta Resources, led by billionaire Anil Agarwal
The low-profile German cash & carry chain is suddenly finding itself at the centre of controversy as negotiations for the sale of its India business get underway