Reduced Windfall Tax on Domestic Crude by Government
The union government has lowered the windfall tax on locally produced crude oil sales to $13,000 per tonne.The sale of Indian-produced crude oil has been...
Category : INDUSTRIALS
Higher Prices Assist Oil Companies in Keeping Q1 Windfall Tax Under Control
Global petroleum prices are being affected by demand worries in the context of the weak US and Chinese economic statistics, forecasts for rising US crude...
Rooftop Burn in India’s 100 GW Solar Target
The BJP-led government targeted 100 GW (gigawatt) of solar energy capacity by 2022, a five-fold increase. By 2021, India had installed only 50.5 GW, according...
Airtel Commissions 21-MW Solar Power Plant
Bharti Airtel announced that it had commissioned a new 21-megawatt solar power plant in the Buldhana district of Maharashtra to decrease the carbon footprint and...
Tech Mahindra Invests $125 Million in Allyis India and Green Investments
Tech Mahindra announced that they had purchased a 100 per cent stake in Allyis India and Green Investments for $125 million in an all-cash deal....
Vedanta to Raise $8 Billion for BPCL Bid
Anil Agarwal-led Vedanta group is looking to raise $8 billion via debt and equity as it prepares to make a bid to acquire Bharat Petroleum Corporation...
Future Enterprises Reported Net Loss of Rs 320 Crore for Sep Quarter
Future Enterprises Ltd. (FEL) on Wednesday reported a consolidated net loss of Rs 320.56 crore for the quarter ended on September 30, 2020, due to lower...