ONGC, OIL to gain as govt cuts windfall tax on crude oil

IANS | October 18, 2023 11:25 AM

New Delhi, Oct 18 (IANS) The central government has reduced the windfall tax on domestic crude oil with effect from October 18 from Rs 12,200 a tonne to Rs 9,050 in its fortnightly review which will benefit upstream oil companies, including ONGC and Oil India Ltd (OIL).

Nifty surpasses 19800 mark on all round buying

IANS | October 17, 2023 4:52 PM

New Delhi, Oct 17 (IANS) Benchmark indices closed higher on Tuesday with Nifty surpassing 19,800, thanks to widespread buying across various sectors, says Mandar Bhojane, Equity Research Analyst, Choice Broking.

Rupee plunges to 12-month low against dollar

IANS | October 16, 2023 5:33 PM

Mumbai, Oct 16 (IANS) The Indian rupee plunged to a 12-month low of 83.28 against the US dollar on Monday amid rising oil prices and uncertainty in global markets due to the ongoing Israel-Hamas war.

Market momentum with bulls: Possibility of moving up further likely

Arun Kejriwal | October 15, 2023 1:58 PM

New Delhi, Oct 15 (IANS) Markets have a mind of their own and last week was a great example of the same. They fell on the opening day of the week on expected lines on the back of the Hamas-Israel conflict, but bounced back more than they lost on Tuesday itself. At the end of the week, markets had actually closed in the positive. They lost on three of the five trading sessions and gained on two.

India, Swiss Confederation agree to expedite EFTA, other pacts

IANS | October 13, 2023 7:42 PM

New Delhi, Oct 13 (IANS) Finance minister Nirmala Sitharaman on Friday met the head of the federal department of finance of the Swiss Confederation Karin Keller-Sutter, on the sidelines of the 4th G20 Finance Ministers and Central Bank Governors (G20 FMCBG) and the IMF-WB Annual Meetings in Marrakech, Morocco, where both leaders arrived at a mutual agreement to address the remaining issues so as to conclude the India-European Free Trade Association (EFTA), Trade and Economic Partnership Agreement (TEPA) and Bilateral Investment Treaty (BIT).