Reliance Industries

December 2, 2024 6:56 PM

Govt withdraws windfall tax on ATF, crude, petrol, and diesel, easing burden on oil companies

The government on Monday announced the withdrawal of the windfall tax on Aviation Turbine Fuel (ATF), crude oil, petrol, and diesel through a notification introduced in the Lok Sabha. The decision comes as a major relief for oil companies like Reliance Industries and ONGC, which had been bearing the burden of the tax since its imposition in July 2022. The windfall tax was initially introduced to capture a portion of the excess revenue earned by oil companies due to soaring global crude prices a...

September 16, 2024 3:33 PM

Nifty, Sensex upward trend continues, markets open with positive cues amid domestic inflows

Indian stock markets opened on a positive note in the final trading session of August, driven by a global rally in stocks following strong GDP numbers from the U.S. economy. The Nifty 50 gained 0.39% to open at 25,249.70, while the BSE Sensex rose 0.61% to 82,637.03 points. "Indian markets are expected to record a two decades high successive positive days run rate today. GDP is expected to come a little soft this evening. A lower than expected GDP number could lead to markets seeking a rate ...

September 16, 2024 6:36 PM

Reliance’s Jio Platforms clears hurdle in bid to launch satellite internet in India

A joint venture between Reliance Industries' Jio Platforms and Luxembourg-based SES to provide gigabit fibre internet has won approval from the Indian space regulator to operate satellites there, a government executive said. The three approvals issued to Orbit Connect India - which aims to provide satellite-based high-speed internet access - come as companies from Amazon to Elon Musk's Starlink have been vying for the go-ahead to launch satellite communication services in the world's most popul...