Markets
RIL shares sink 4%, wiping off Rs 82,000 crore as windfall tax on fuel exports returns
Reliance Industries shares fell, wiping out more than ₹82,000 crore in market value after the government reinstated windfall taxes on diesel and ATF exports. The move, aimed at boosting domestic supply amid volatile global oil markets, was confirmed by Nirmala Sitharaman, who said higher duties would ensure adequate availability of fuel within the country.
Related Articles
Markets
Bull market or trading illusion? Nithin Kamath says India's stock market data is sending mixed signals
Nithin Kamath cautioned that India’s market rally may not reflect a broad bull run, citing weak ca...
Read More → MarketsSebi cautions market players on risks from AI tools like Mythos; sets up task force
India's market regulator Sebi has issued a warning about advanced AI tools used for finding system w...
Read More → MarketsideaForge Technology bulk deal: BNP Paribas buys Rs 39 crore worth shares in this multibagger
Institutional investors, including BNP Paribas, actively acquired stakes in ideaForge Technology thr...
Read More → MarketsUS SEC proposes allowing public companies to opt out of quarterly earnings reports
The SEC proposed ending mandatory quarterly earnings reports for U.S. companies, allowing them to sw...
Read More →