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February 16, 2023 New Delhi, India India Adjusts Oil Taxes In response to the fluctuating global oil market, India’s Ministry of Finance has announced adjustments to oil taxes. Here’s a breakdown of the key changes: Marginally Raised Windfall Tax The windfall tax on the sale of domestic crude oil has been marginally increased to ₹3,300…
January 16, 2023 New Delhi, India Government Initiates Strategic Tax Adjustment To bolster the domestic energy sector, the Indian government has decided to reduce the windfall tax on domestically produced crude oil. The tax, previously set at Rs 2,300 per tonne, will now stand at Rs 1,700 per tonne, effective January 16. Understanding the Windfall…
December 19, 2023 New Delhi, India Indian Oil Stocks Rally Following Government’s Tax Cut and Global Crude Surge In a recent turn of events, Indian oil stocks witnessed a significant upswing as the government announced a reduction in the windfall profit tax on crude oil production and diesel exports. Here’s a closer look at the…
May 16, 2023 New Delhi, India Bullish Surge in Indian Stock Market The Indian stock market witnessed a remarkable surge on May 16, with both the Sensex and Nifty indices posting significant gains. This bullish momentum was fueled by a combination of factors, including positive corporate earnings outlook, global market optimism, and favorable government policies….
April 16, 2023 New Delhi, India Indian Stock Market Update: Sensex and Nifty Witness Declines The Indian stock market experienced a mixed performance today, with both the Sensex and Nifty indices recording declines. Here’s a breakdown of the key highlights from today’s trading session: Market Indices Drop: The BSE Sensex dropped by −456.10 points or…
February 17, 2023 New Delhi, India Indian Equity Market: A Week of Significant Movements The Indian equity market witnessed a week of substantial fluctuations, with several key players making headlines. Market Trends Investors remained vigilant, closely monitoring inflation data, Q3 results, and global cues. The market’s performance was influenced by a variety of factors, including…
February 16, 2023 New Delhi, India Indian Stock Market Performance The Indian stock market showed a positive trend on February 16, 2024. The NSE Nifty 50 index and the S&P BSE Sensex both settled 0.32% higher at 21,911 and 72,050 respectively. The market struggled for direction earlier in the day, but gains were consolidated in…
January 17, 2023 New Delhi, India Indian Rupee (INR) Continues Upside Trend Amid Strong US Dollar The Indian Rupee (INR) is facing upward pressure against the US Dollar (USD) as the greenback extends its strength. Traders are closely monitoring key developments, including the Reserve Bank of India’s (RBI) perspective and upcoming economic indicators. RBI Governor…
January 16, 2023 New Delhi, India Sensex and Nifty Take a Pause In a breather from recent record highs, the Indian stock market saw a decline today, with the Sensex falling over 150 points and the Nifty closing below the 22,100 mark. Here’s a concise overview of the key market movements: Both Sensex and Nifty…
January 16, 2023 New Delhi, India WTI Prices In recent developments, the West Texas Intermediate (WTI) crude oil price has surged to $72.70 per barrel, driven by a confluence of geopolitical events affecting the energy landscape. Supply Disruptions in the Red Sea: The Red Sea is experiencing supply disruptions due to attacks by Yemen’s Houthi…
