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Markets

Govt hikes windfall tax on domestic crude sales to ₹4,900 per tonne

The tax on petrol, diesel, and aviation turbine fuel remains unchanged zero.

1 min read15 Mar 2024
Markets

Suzlon Energy, Inox Wind shares down up to 30% from 52-week highs; is now a good time to buy?

Suzlon Energy has undergone a remarkable transformation following a challenging decade. Within the past three years, the company has significantly reduced its debt, which stood at ₹120 billion in FY20, primarily through debt-to-equity conversions.

3 min read14 Mar 2024
Industry

Govt increases windfall tax on crude petroleum to ₹3,200/tonne

The windfall tax on petroleum crude has been increased to ₹3,200 per tonne from ₹1,700 per tonne, effective February 3.

2 min read3 Feb 2024
Videos

Donald Trump's New Hampshire Win 'Cements' Rematch Vs Biden? | What Are Primary Ballots In US Polls?

Donald Trump won the New Hampshire primaries by a huge margin, defeating GOP's Nikki Haley. In his speech after the victory, flanked by former candidate Vivek Ramaswamy, Trump hit out at Nikki Haley and expressed confidence that he'd win the remaining caucuses and primaries too. This would mean that the 2024 showdown would be Biden vs Trump, once again. Watch

24 Jan 2024
News

Delhi weather today: Dense fog to blanket city for three days, IMD predicts cold wave until tomorrow

Delhi Weather Today: The Indian capital is seeing a thick blanket of fog, causing disruptions in travel. The weather department forecasts a cold wave in the national capital until tomorrow.

2 min read14 Jan 2024
Industry

Budget 2024: Green energy sector pitches for GST cut, easier FDI norms. Here is the wishlist

Union Budget 2024: Key expectations include higher capital expenditure in renewable energy, measures to promote indigenous development, reduction of GST rates for hydrogen and electrolyser manufacturing, and a conducive environment for foreign investors.

4 min read12 Jan 2024
Economy

Govt cuts windfall profit tax on crude oil and diesel exports

Effective from today, SAED on domestically produced crude oil is cut from ₹5,000/tonne to ₹1,300/tonne. And, SAED on diesel exports has been scaled down from ₹1/litre to ₹0.50/litre.

2 min read19 Dec 2023
News

Oil prices continue uptrend, traders eye Fed meet

Traders would keenly watch the meeting of US Federal Reserve’s Federal Open Market Committee scheduled this week.

2 min read18 Sep 2023
Videos

RIL to invest ₹1.5 tn in green energy business | Mint Primer | Mint

Reliance Industries Ltd (RIL), led by Mukesh Ambani, is doubling its green energy investment target to ₹1.5 trillion, showing its commitment to sustainability. RIL is progressing on the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, with investments in solar, wind, and battery manufacturing. It's competing with Tata and Adani groups in India's new energy sector. RIL plans to establish 100 GW of solar energy by 2030, build giga factories, and has partnerships with various companies. This push aligns with global trends as companies like ExxonMobil and BP aim for net-zero emissions.

25 Aug 2023
Videos

India plans to achieve 50% non-fossil installed capacity by 2030: PM Modi | Mint Primer | Mint

India aims to achieve 50% non-fossil fuel installed capacity by 2030, according to Prime Minister Narendra Modi's address to G20 Energy Ministers. India has already surpassed its non-fossil installed electric capacity target, achieving milestones like connecting households with LPG and providing electricity to every village. The nation launched extensive LED distribution and agricultural pump solarization programs. It aspires to become a global hub for green hydrogen production and emphasized sustainable energy transition. Modi also highlighted the importance of low-cost finance for developing countries and proposed transnational grid interconnections for energy security. He introduced Mission Life to make individuals climate champions for a greener future.

17 Aug 2023
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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