crude oil

MUMBAI: Finance minister Nirmala Sitharamanon Monday said windfall tax on petroleum products, crude is not ad hoc, but being charged in regular consultation with the industry. Addressing an event organized online, the minister said it…

NEW DELHI: The government has hiked the windfall profit tax on the export of diesel to Rs 13.5 per litre and on jet fuel exports to Rs 9 a litre, besides raising the levy on domestically-produced crude oilin line with the hardening of…

The Euro has been depreciating against the USD, starting the year at 1.2 USD to Euro to around parity now - a level last seen around 2 decades ago. The question now: Where is the European economy and the Euro headed from hereon? First,…

After nearly two years of partying in global equity markets, the last six months have been the proverbial hangover! If overvalued markets are a ‘borrowing from the future,’ painful corrections must be the repayment of that debt. The…

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 on Friday. At the third…

Domestic equity markets ended the week with gains following favourable cues at both global and domestic front. Easing inflationary worries, returning FPIs and strong rupee supported the indices on Dalal Street. Benchmark Indices, BSE…

India is looking at pockets of opportunities for oil overseas and its decision to invest $1.6 billion in an oil project in Brazil part of that scheme, said credit rating agency S&P. In a report, S&P, citing sectoral experts, said…

India’s core sector output grew a firm 12.7% in June though it slowed from 19.3% in May as the base effect that boosted growth in earlier months began to normalise. The Index of eight core industries was up 8% in June 2022 from the…

While we would continue to see interest rate hikes and monetary tightening in response to inflation and policy stance correction, a lot of the proposed policy action may be in the price. Bond yields at the long end may already be pricing…

Indian rupee may further depreciate to 82 to a dollar in the near term due to widening of trade deficit and expected aggressive rate hike by the US Fed later this week to tame record high inflation, economists said. There is widespread…