Windfall profit tax on local oil producers has been cut on expected lines but increasing the levy on jet fuel and diesel exports was a surprise as local markets are reasonably well-supplied, analysts said Friday. At the third fortnightly review, the government has increased the windfall profit tax on the export of diesel to Rs …
Bulls continued to control the momentum on Dalal Street as headline indices soared higher on Monday, looking to extend their stellar performance of the previous week. S&P BSE Sensex hit an intraday high of 59,977 points while NSE Nifty 50 hit 17,286. Bank Nifty was above 37,700 however, India VIX was rising sharply, up 6% …
A cybersecurity expert has claimed that diagnostics service provider, Redcliffe Labs, has been hit by a cyber attack that exposed over 12 million patient records. The expert, Jeremiah Fowler, has revealed that the database was non-password-protected and it contained over 12 million records containing medical diagnostic scans, test results, and other potentially sensitive medical records. …
Global brokerage firm UBS continues to back value trade on Wall Street despite the recent surge in technology shares amid the universe of growth stocks. “While the recent rally in the tech sector is encouraging, we continue to maintain a selective approach to longer-term growth stocks and keep our preference for value over growth in …
Adani Power share price jumped nearly 4 per cent to a new 52-week high of Rs 354 apiece on BSE on Thursday, after the company posted a manifold jump in consolidated net profit to Rs 4,779.86 crore in Q1. The company had reported a consolidated net profit at Rs 278.22 crore in the corresponding quarter …
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for the 83rd day by OMCs on August 16. The most recent price reduction had came in Maharashtra when the state government announced a cut in value-added tax (VAT) on petrol by Rs 5 …
Bharti Airtel share price jumped 2% to Rs 719 apiece on BSE on Wednesday, a day after the telecom major’s on-year consolidated net profit soared sixfold in the first quarter of FY23, led by strong revenue growth and 4G customer addition. Bharti Airtel reported a on-year jump of 5.6 times in net profit to Rs …