India increases windfall gain levy on crude oil amid rising prices

India increases windfall gain levy on crude oil amid rising prices

[ad_1] The Finance Ministry on late Friday raised Special Additional Excise Duty (SAED), better known as windfall gain levy on domestically produced crude, to ₹10,000 a tonne from ₹6,700. It will come into effect from September 16 This decision has been taken as crude prices have gone up. This rise will likely impact oil exploration […]

Rupee vaults 8 paise to 82.93 against dollar

Rupee vaults 8 paise to 82.93 against dollar

[ad_1] The rupee appreciated 8 paise to 82.93 against the US dollar in early trade on Thursday tracking positive domestic equities. Forex traders said the domestic unit was trading in ranges against the dollar as the support from positive domestic equities has been negated by elevated crude oil prices and a firm US dollar. At […]

Broker’s call  ICICI Bank Buy

Broker’s call ICICI Bank Buy

[ad_1] Target: ₹1,150 CMP: ₹989.75 ICICI Bank’s Annual Report highlights the progress the bank is making towards sustainable growth. This is evident from its strong contingency buffers and robust underwriting and risk-monitoring mechanisms, all of which contribute to safeguarding the company’s balance sheet. ICICI Bank has been reporting a robust performance, led by a strong […]

SEBI penalises Reliance Home Finance for violating LODR regulations and concealing forensic report findings

SEBI penalises Reliance Home Finance for violating LODR regulations and concealing forensic report findings

[ad_1] The Securities and Exchange Board of India has slapped a penalty of ₹15 lakh on Reliance Home Finance for violation of LODR regulations and failure to disclose the adverse findings of a forensic report. Chief executive Ravindra Sharad Sudhalkar, company secretary and compliance officer Parul Jain and CFO Pinkesh Shah have been levied a […]

Sonata secures three Microsoft India partner of the year awards

Sonata secures three Microsoft India partner of the year awards

[ad_1] Sonata Software has clinched three Microsoft India Partner of the Year Awards across multiple categories. The accolades recognise Sonata’s accomplishments and contributions in the fields of Manufacturing and Conglomerates, ITES, and Digital Natives. The Microsoft India Partner of the Year Awards applaud partners for their outstanding achievements and forward-thinking initiatives in various domains, including […]

Ratnaveer Precision jumps 32 per cent on Day 1 of listing

Ratnaveer Precision jumps 32 per cent on Day 1 of listing

[ad_1] Shares of Ratnaveer Precision Enginering, the first company to list on T+3 basis, made a strong debut at the bourses by gaining over 30 per cent. Shares of the company debuted at ₹128, registering a jump of 30.61 per cent from the issue price of ₹98 on the BSE. During the day, it zoomed […]