Menu
Menu
Effective August 31, 2024, the Indian government has reduced the windfall tax on domestically-produced crude oil to Rs 1,850 per tonne, down from Rs 2,100 per tonne. This adjustment is set to benefit domestic oil producers by improving their profitability and investment potential. Meanwhile, the tax on fuel exports remains at ‘nil’, supporting the competitiveness of Indian oil products in global markets. Explore the implications of this tax reduction on the oil sector and broader economy.
Emami is expanding its footprint in the premium grooming market by acquiring the remaining 49.6% stake in Helios Lifestyle, which owns ‘The Man Company.’ This strategic move will make Helios a wholly-owned subsidiary and strengthen Emami’s position in the rapidly growing digital-first male grooming segment. Discover how this acquisition will impact Emami’s market presence and what it means for the future of grooming products.
Excitement is building as Shoppers Stop prepares to unveil its newest store in Bangalore on August 31, 2024. Our detailed FAQ covers everything from store location and opening day promotions to job opportunities and safety measures. Get all the insights you need to make the most of this exciting retail launch.
Ashoka Buildcon has raised INR 500 million through a recent commercial paper issuance, offering an 8.35% interest rate with a maturity date of November 26, 2024. This strategic move is aimed at enhancing liquidity and supporting ongoing projects. Following the announcement, the company’s shares saw a 1% increase, reflecting positive investor sentiment and confidence in its financial management. Explore the implications of this financing decision for Ashoka Buildcon’s growth and market position.
ONGC Videsh Ltd is aiming to secure U.S. approval to operate two key oil projects in Venezuela, the San Cristobal and Carabobo 1 fields. This move seeks to bypass U.S. sanctions, streamline financial operations, and boost production significantly. Explore the implications of this request on ONGC's global strategy, production targets, and its ongoing negotiations with Russian authorities over the Sakhalin-1 project.
The recent approval of the Reliance-Disney media merger by the NCLT marks a pivotal moment for India's entertainment industry. This landmark deal combines Reliance Industries' Viacom18 Media with Star India, creating the country's largest media conglomerate. Explore the implications of this merger, from the new entity's vast media assets and strategic investments to the leadership shaping its future.
Zydus Lifesciences Ltd. has achieved a significant milestone with USFDA approval for its Scopolamine transdermal system. This innovative 1 mg/3-day patch is designed to effectively prevent nausea and vomiting, offering a convenient and controlled method of treatment. Discover how this approval enhances Zydus' market position and what it means for patients in need of effective anti-nausea solutions.
KEC International is setting its sights on a substantial Rs 25,000 crore in order inflow for the current financial year, driven by recent significant wins and a strong tender pipeline. While facing challenges such as labor shortages and supply chain disruptions, the company remains optimistic about improving its margins and financial performance in the near future.
Patel Engineering's shares jumped by 6.15% after announcing a strategic MoU with Rail Vikas Nigam Limited (RVNL). This new partnership is set to enhance their capabilities in executing hydro and infrastructure projects both in India and abroad. Explore the details of this exciting development and its potential impact on the company's growth trajectory.
Garden Reach Shipbuilders & Engineers (GRSE) experienced a notable 7% surge in its stock price after announcing a new Memorandum of Understanding (MoU) with the National Highway Infrastructure Development Corporation (NHIDCL). This strategic agreement involves the fabrication and deployment of modular steel bridges to improve infrastructure in key border regions. Learn more about how this deal is influencing GRSE's market performance and what it means for the company's future prospects.