Following a decline in international rates, the government on Wednesday slashed the windfall tax on petrol diesel, jet fuel and crude oil. According to the notifications released by the finance ministry, the government has slashed a ₹6 per litre tax on the export of petrol. The tax on diesel has been reduced from ₹13 per [...]
Reliance Jio Infocomm Ltd, the digital arm of Reliance Industries, on Tuesday, announced that Mukesh Ambani would resign as the director of the company effective from June 27, 2022. The company’s board has approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company. Isha Ambani, his [...]
Shares of Reliance Industries Ltd have managed to give positive returns to the investors in a volatile market and are inching closer to their record high of ₹2,855. Its shares hold a weightage of 11.17% in the Nifty50 index. The share is currently trading at ₹ 2,809.80 on the NSE and is up by 3.11% [...]
The week started with a jump in the BSE Sensex, tracking gains in US markets and buying in index majors Reliance Industries and HDFC. The 30-share index was trading 488 points higher at 53,281.93 points. The Nifty was trading at 15,921.75 points, up 140 points. On Friday, the benchmark indices clocked sharp gains in a [...]
Synopsis: After rumors of a prospective deal between Reliance and Aramco after more than two years of negotiations, Reliance Industries' stock rose as much as 2.6%. According to persons familiar with the situation, Saudi Aramco is in advanced talks to buy a share in Reliance Industries Ltd.'s oil refining and chemicals sector in an all-stock [...]
