NEW DELHI: The Centre’s move to slash excise and impose windfall tax on diesel and aviation fuel will leave it poorer by around Rs 1.3 lakh crore if the energy crisis due to the West Asia conflict persists for a full year.An early resolution will reduce the pressure on oil prices and consequently on govt…
Shares of Reliance Industries Ltd (RIL) fell more than 4% on Friday after the government reintroduced windfall taxes on diesel and aviation turbine fuel (ATF) exports, eroding over Rs 82,000 crore from the company’s market capitalisation in intra-day trade.At 3:30 pm, shares of Reliance Industries Ltd were trading at Rs 1,350.80, down Rs 62.30 or…
Sitharaman in Rajya Sabha NEW DELHI: Finance Minister Nirmala Sitharaman on Friday said the government will remain on its “toes” to keep the fiscal deficit under check even as it works to shield the common man from the impact of rising global crude oil prices amid the West Asia conflict.Replying to a discussion on the…
Equity benchmark indices Sensex and Nifty plunged over 2% on Friday, snapping a two-day rally, as global weakness and rising geopolitical tensions dented investor sentiment.The 30-share BSE Sensex dropped 1,690.23 points, or 2.25%, to close at 73,583.22. During the session, it fell as much as 1,739.04 points, or 2.31%, to 73,534.41. The NSE Nifty declined…
Glimpse of Noida International Airport (Shared by PM Modi on X) NEW DELHI: The Noida International Airport at Jewar in Uttar Pradesh will be inaugurated on Saturday, with Prime Minister Narendra Modiopening the first phase of the project that is set to add capacity to the National Capital Region’s aviation network.“Tomorrow, 28th March is a…
Hyderabad: Pharma player Hetero on Friday said it has rolled out exports of its generic semaglutide injection portfolio as part of a multi-year plan to widen access to treatments for type 2 diabetes and obesity in more than 75 countries.The Hyderabad-based pharmaceutical company said initial rollouts are under way in Africa, Asia and the Middle…
The Reserve Bank of India (RBI) on Friday unveiled its ‘Payments Vision 2028’ document, outlining a roadmap that includes exploring electronic cheques, expanding regulatory oversight to digital platforms, and strengthening safeguards in the fast-growing payments ecosystem, PTI reported.The central bank said it will examine the introduction of e-cheques to combine the advantages of paper instruments…
The Centre plans to raise Rs 8.20 lakh crore from the market in the first half of FY27 through dated securities, accounting for over half of its revised annual borrowing programme, the finance ministry said on Friday, PTI reported.The borrowing, scheduled for April–September 2026-27, is aimed at funding the fiscal deficit and bridging the revenue…
Commerce and industry minister Piyush Goyal on Friday met US Trade Representative Jamieson Greer and reviewed the next steps in negotiations for the proposed India-US bilateral trade agreement (BTA).The meeting took place on the sidelines of the 14th ministerial conference (MC14) of the World Trade Organisation in Yaounde, Cameroon, where both sides also exchanged views…
India’s foreign exchange reserves declined by $11.413 billion to $698.346 billion in the week ended March 20, mainly due to a sharp fall in gold reserves, according to data released by the Reserve Bank of India (RBI) on Friday, PTI reported.In the previous reporting week, the reserves had dropped by $7.052 billion to $709.759 billion.The…