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
Airtel stock fell over 5%, while RIL closed 1.3% higher after being down for most of the day
Business Standard analysis is based on the numbers of 47 Nifty companies, excluding Bajaj Finserv, HDFC Life, and SBI Life
E-commerce giant writes letter to retail chain's independent directors, seeks independent probe of dealings with RIL
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
If not for RIL's steep correction, the index could have closed nearly 500 points higher
Succession plan triggered upgrades from brokerages
From rotating chairmanship to handing over firm to professionals, top family businesses have tried different formulae to ensure smooth transition
RIL will continue to look for growth opportunities overseas if good opportunities arise, said company insiders
quasi-administered price regime and the imposition of Universal Service Obligations is complicating their business plans
On June 16, the firm had set a target price of Rs 3,170 per share, saying RIL was amongst the few large companies in India with a positive earnings revision cycle
Morgan Stanley said RIL's margins would be 50 per cent above its last peak season in mid-2008
The RBI today raised the repo rate to 4.9 per cent, up from 4.4 per cent. The Central Bank also raised consumer price (CPI) or retail inflation forecast for FY23 to 6.7 per cent from 5.7 per cent.
In talks to buy a partial or full stake in German retailer's India unit
From Gujarat, the company will look for skilled developers from python, full stack, NodeJS, angular, java, and DevOps engineers across all levels, it said
High refining margins, gas prices and telecom ARPUs key contributors; stock falls nearly 4 per cent on Monday
The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.
It is anticipated that the price of gas from old fields of state-owned ONGC will be hiked to about USD 9 per mmBtu and the cap for difficult fields will rise to double digits
Net profit goes past Rs 60,000 crore
Jio reports a 15.4% sequential increase in net profit at Rs 4,173 crore