Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

Global Brent crude oil prices were hovering around USD 105 a barrel, against USD 95 per barrel a fortnight ago.

Former Soviet Union leader Mikhail Gorbachev, who ended the cold war, dies at 91

Watch | ASUS Zenbook Pro 14 Duo OLED review

Portfolio Podcast | Should you go for P2P lending?

Watch | Nifty Prediction for the week 29th Aug to 02 Sep’22 by BL GURU

Podcast | Is the corporate takeover of news media that bad?

Podcast | Is the corporate takeover of news media that bad?

In this podcast, Chitra Narayanan talks to Vanita Kohli-Khandekar about the corporate takeover of the media industry

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ICICI Pru PSU Fund NFO: Should you invest?

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Harvesting opportunities in agri-input stocks

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Bullion Cues: Will gold remain range-bound?

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Why you should buy Federal Bank stock now

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Long-term data favours value disproportionately, says Mrinal Singh of InCred

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Mastering Derivatives: Why institutional investors prefer short positions

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F&O Query: Go long on TVS Motor futures

Top Gainers/Top Losers

Stocks

Commodities

Forex

Gold & Silver

Asia stocks stagger into September as dollar spikes

Asian stocks down tracking Wall Street; tech, energy stocks slide

Piramal NBFC arm lists after demerger

Broker's call: Aptus Value (Buy)

Broker's call: NTPC (Buy)

Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

Coal Ministry eyes 1.23 billion tonnes of production by FY25

KP Energy to develop wind projects worth ₹222 cr for Aditya Birla Group

Spot gold may test support at $1,710

Crude oil set for worst losing run since 2020 on slowdown concerns

Rupee marks biggest gain in one year on strong foreign inflows

Rupee rises 7 paise to 79.84 against US dollar in early trade

Rupee falls 10 paise to close at 79.94 against dollar

Rupee breaches 80-mark; opens at a record low of 80.10

RBI’s FX reserves fall to $564 billion, lowest in about 22 months

Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

Coal Ministry eyes 1.23 billion tonnes of production by FY25

KP Energy to develop wind projects worth ₹222 cr for Aditya Birla Group

Spot gold may test support at $1,710

Crude oil set for worst losing run since 2020 on slowdown concerns

Opinion

Trending

Crude oil set for worst losing run since 2020 on slowdown concerns

Former Soviet Union leader Mikhail Gorbachev, who ended the cold war, dies at 91

Is the dream run for IT sector employees over?

Patents officers’ body seek judicial intervention against arbitrary work target

Books

Economy

Core sector growth slows down to 4.5% in July

Core sector growth slows down to 4.5% in July

Much lower than the upward revised growth of 13.2% in June; six of the eight core sectors recorded positive expansion growth in July 2022

India’s GDP grew at 13.5% in Q1FY23, fastest globally

India’s GDP grew at 13.5% in Q1FY23, fastest globally

NSO data reveals that the growth, though lower than the RBI’s estimate, was fuelled by consumption and signalled the revival of domestic demand, parti

Fiscal deficit touches 20.5% of annual target in April-July

Fiscal deficit touches 20.5% of annual target in April-July

A fiscal deficit is a reflection of government borrowings from the market.

Retail inflation for industrial workers eases marginally to 5.78 per cent in July

Retail inflation for industrial workers eases marginally to 5.78 per cent in July

Food inflation eases marginally to 5.96 per cent in July 2022, as against 6.73 per cent in June

Agri Business

Monsoon rains 3.4% above average in August

Cabinet nod to raise procurement ceiling for tur, urad, masur under price support scheme

Significant reduction in debt burden, says Coffee Day Enterprises

Centre targets to procure 51.8 millon tonnes of kharif rice

Hafed floats 2nd tender to sell 1.08 lt of wheat procured from MP, Haryana

Govt asks Nafed to buy imported urad through auction, invites bids

Hybridisation drive has doubled millets yield in India, says US firm Corteva

Money & Banking

PNB hikes MCLR by 0.05% across tenors from September 1

PNB hikes MCLR by 0.05% across tenors from September 1

Most consumer loans would now be charged at 7.70 per cent

Reliance Capital’s insolvency process: Six entities bids to acquire the entire business

Reliance Capital’s insolvency process: Six entities bids to acquire the entire business

All in the ₹4,000-crore range; eight offers come in for other bids received for individual units

Bank credit rises 15.1% in July on demand across all sectors

Bank credit rises 15.1% in July on demand across all sectors

Credit growth in the personal loans sector was robust at 18.8 per cent in July 2022

Tamilnad Mercantile Bank IPO to open on Sep 5

Tamilnad Mercantile Bank IPO to open on Sep 5

Tamilnad Mercantile Bank is planning to raise ₹832 crore

Nabard employees defer all-India strike to September 15

Nabard employees defer all-India strike to September 15

The announcement follows marathon discussions with Deputy Chief Labour Commissioner (Central), Mumbai

Sundaram Home Finance to raise ₹250 cr via bonds

Sundaram Home Finance to raise ₹250 cr via bonds

Sundaram Home Finance to pay an annual coupon of 7.55 per cent on the issue

Markets

Today’s Poll

Should BSNL be privatised?

quicktake

Quick Take: Why the stock markets cheered, while bond markets sulked post Budget

Though the Budget had every excuse to announce some populist handouts ahead of upcoming State polls, it seems to have refrained

Latest

Sep 01, 2022

Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

Aug 31, 2022

India’s GDP grew at 13.5% in Q1FY23, fastest globally

Aug 31, 2022

Deposits rules: Now, auditors will also have to confirm the company’s compliance with MCA guidelines

Aug 31, 2022

Now, prepare for the JEE/ NEET entrance with a 3D interactive learning kit

Aug 31, 2022

Core sector growth slows down to 4.5% in July

Aug 31, 2022

Fiscal deficit touches 20.5% of annual target in April-July

Aug 31, 2022

Samsung Galaxy Z Fold4 review: Flipping open new possibilities

Sep 01, 2022

Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

Aug 31, 2022

India’s GDP grew at 13.5% in Q1FY23, fastest globally

Aug 31, 2022

Deposits rules: Now, auditors will also have to confirm the company’s compliance with MCA guidelines

Aug 31, 2022

Now, prepare for the JEE/ NEET entrance with a 3D interactive learning kit

Aug 31, 2022

Core sector growth slows down to 4.5% in July

Aug 31, 2022

Fiscal deficit touches 20.5% of annual target in April-July

Aug 31, 2022

Samsung Galaxy Z Fold4 review: Flipping open new possibilities

Crude oil set for worst losing run since 2020 on slowdown concerns

Former Soviet Union leader Mikhail Gorbachev, who ended the cold war, dies at 91

Is the dream run for IT sector employees over?

Patents officers’ body seek judicial intervention against arbitrary work target

More than 47 lakh new formal jobs created in Q1 FY23

Is the dream run for IT sector employees over?

Infertile scheme

Bank of Maharashtra aims to become eighth largest PSB, says AS Rajeev, MD & CEO

Editor's pick

Retail inflation for industrial workers eases marginally to 5.78 per cent in July

Retail inflation for industrial workers eases marginally to 5.78 per cent in July

Food inflation eases marginally to 5.96 per cent in July 2022, as against 6.73 per cent in June

DoT seeks TRAI's view to regulate internet calling, messaging apps like WhatsApp, Signal

DoT seeks TRAI's view to regulate internet calling, messaging apps like WhatsApp, Signal

Telecom operators urge the government to apply the principle of “same service same rules” to the industry

Airbus may win order for about 50 A220s from Jet Airways

Airbus may win order for about 50 A220s from Jet Airways

Jet Airways is trying to come back after a court-monitored restructuring exercise

Crude oil set for worst losing run since 2020 on slowdown concerns

Crude oil set for worst losing run since 2020 on slowdown concerns

Crude oil has shed more than 6 per cent in August as sentiment hit following contraction in global growth even as central banks tighten policy

Indian economy to grow over 7% in FY23, says finance secretary

Indian economy to grow over 7% in FY23, says finance secretary

Allaying concerns of high imports denting the fiscal architecture, he said the government was on course to meet the fiscal deficit target

India, Japan identify key areas of defence co-operation ahead of 2+2 dialogue at Tokyo

India, Japan identify key areas of defence co-operation ahead of 2+2 dialogue at Tokyo

UAVs, anti-drone systems, robotics, underwater communication, Li-ion battery technology and intelligence systems are some of the projects under consid

Govt directs industry bodies for strict compliance with surrogate ad norms

Govt directs industry bodies for strict compliance with surrogate ad norms

Consumer Affairs Ministry states that guidelines are not being adhered to by some brands, and the prohibited goods are still being advertised through

Ashok Leyland bags mega order for 1,400 school buses in UAE

Ashok Leyland bags mega order for 1,400 school buses in UAE

It is “The Emirati Bus”- Made in UAE, for the GCC, says Dheeraj Hinduja

Multimedia

Companies

GMR to divest 30% stake in Indonesian coal mine operator for ₹3,300 crore

GMR to divest 30% stake in Indonesian coal mine operator for ₹3,300 crore

With this exit, GMR Group will focus on its core infrastructure business, says GMR Group Corporate Chairman Grandhi Kiran Kumar

Ashok Leyland bags mega order for 1,400 school buses in UAE

Ashok Leyland bags mega order for 1,400 school buses in UAE

It is “The Emirati Bus”- Made in UAE, for the GCC, says Dheeraj Hinduja

Tata Steel Nederland invests ₹480 crore in next phase of hydrogen route

Tata Steel Nederland invests ₹480 crore in next phase of hydrogen route

Tata Steel wants to transfer to green steel manufacturing in a clean environment as early as possible

Inox Leisure mulls expansion strategy; to add 834 screens after FY23

Inox Leisure mulls expansion strategy; to add 834 screens after FY23

Inox is also working on using alternate content for cinema audiences

Zydus Lifesciences gets USFDA nod for generic version of Venlafaxine, Pregabalin

Zydus Lifesciences gets USFDA nod for generic version of Venlafaxine, Pregabalin

The drugs are used to treat nerve damage and depression

Now, prepare for the JEE/ NEET entrance with a 3D interactive learning kit

Now, prepare for the JEE/ NEET entrance with a 3D interactive learning kit

US-based Saras 3D has launched a stereoscopic 3-D interactive model for education in Science, Technology, Engineering and Mathematics

Info-tech

DoT seeks TRAI's view to regulate internet calling, messaging apps like WhatsApp, Signal

DoT seeks TRAI's view to regulate internet calling, messaging apps like WhatsApp, Signal

Telecom operators urge the government to apply the principle of “same service same rules” to the industry

Cybercrime rises by 5 per cent in 2021, charge-sheets filed in just a third of cases: Government

Cybercrime rises by 5 per cent in 2021, charge-sheets filed in just a third of cases: Government

Over 70 per cent of the cybercrime cases were reported from Telangana, Uttar Pradesh, Karnataka, Maharashtra and Assam, according to official data

Apple quietly gives up its Didi board seat after turmoil

Apple quietly gives up its Didi board seat after turmoil

Adrian Perica, Apple’s vice president of corporate development, has resigned from Didi’s board

Infosys divests holding in Trifacta for $12 million

Infosys divests holding in Trifacta for $12 million

Infosys made a minority investment of $10 million in Trifacta the San Francisco-headquartered company in 2016-2019.

Meta launches zero-cost EMI for advertisers on its platform

Meta launches zero-cost EMI for advertisers on its platform

India is the first country where zero-cost EMI this feature has been launched

Dell Technologies plans to support 5,000 tech start-ups this year

Dell Technologies plans to support 5,000 tech start-ups this year

In collaboration with MeitY, ASSOCHAM and AMCHAM

Portfolio

Weekly Rupee View: INR may gain further

Weekly Rupee View: INR may gain further

However, it has a strong hurdle at 79.25

Harvesting opportunities in agri-input stocks

Harvesting opportunities in agri-input stocks

Amid challenges in the global and Indian agri sector, here’s how you should approach these stocks from an investment perspective

Index Outlook: More fall on the cards for Sensex and Nifty 50?

Index Outlook: More fall on the cards for Sensex and Nifty 50?

The bounce-back move lacks strength and is not getting a strong follow-through buying

Correction ahoy! Indian equity valuation double EM peers

Correction ahoy! Indian equity valuation double EM peers

Data since 1995 show that when Indian stocks trade at premium of 100% or more over EM rivals, markets tend to correct

3 stocks that bettered the market in the week ended Aug. 26

3 stocks that bettered the market in the week ended Aug. 26

In this column, we will look at three stocks that were favoured by investors and fared better than the broader market

Open offer for ACC and Ambuja Cements: What should you do?

Open offer for ACC and Ambuja Cements: What should you do?

Stocks of ACC and Ambuja CementsBoth stocks have outperformed peers in the last six months

Videos from BusinessLine on Campus

Shiv Shivakumar's spirited lessons for MBAs entering corporate life

Shiv Shivakumar's spirited lessons for MBAs entering corporate life

Speaking at the grand finale of BLoC Boardroom Challenge 2021, he offers six insights to B-schoolers.

Masterclass on how to solve a business case by Vishwadeep Kuila

Masterclass on how to solve a business case by Vishwadeep Kuila

Speaking at the grand finale of BLoC Boardroom Challenge 2021, Kuila offers realistic advice to crack a case.

'Thinking about the future will help'

'Thinking about the future will help'

Mohammed Thaysir of Chennai Business School, says students shouldn't be stuck on just getting a job

Is your job a 100-metre dash or a marathon?

Is your job a 100-metre dash or a marathon?

Treat the first three years of your job as an extension of your management programme

'For an interview, prepare thoroughly about yourself'

'For an interview, prepare thoroughly about yourself'

Great Lakes Institute of Management student, Akanksha Ahuja gives you a few tips on acing interviews

'Don't ask the interviewer irrelevant questions'

'Don't ask the interviewer irrelevant questions'

Bharath Prasad, a graduate of GLIM, says it's better to not ask questions than asking half-baked ones

Slideshow

video

Podcast | Is the corporate takeover of news media that bad?

Podcast | Is the corporate takeover of news media that bad?

In this podcast, Chitra Narayanan talks to Vanita Kohli-Khandekar about the corporate takeover of the media industry

Resources

Aug 11, 2022

RBI issues digital lending norms to curb malpractices. Read full text here

Aug 11, 2022

RBI cancels Rupee Coop Bank licence

Feb 01, 2022

Budget 2022-23: Speech of Finance Minister, Nirmala Sitharaman

The Law of Sedition and India: An Evolutionary Overview

Saptarshi Bhattacharya

D2C brand Zouk is stepping it up

The vegan cruelty-free brand is in expansion mode – getting into footwear, moving offline and eyeing overseas markets

A toothy solution for stem cell harvesting

Why the gingiva, or gum tissue, is the focus of regenerative or stem cell therapy, which is currently centred on the bone marrow

5 things Indian airlines must do to break their way out of pandemic blues

Post pandemic, the airlines must revamp strategies and resort to long-term measures to recover from the crisis

Weekly Rupee View: INR may gain further

However, it has a strong hurdle at 79.25

Harvesting opportunities in agri-input stocks

Amid challenges in the global and Indian agri sector, here’s how you should approach these stocks from an investment perspective

Index Outlook: More fall on the cards for Sensex and Nifty 50?

The bounce-back move lacks strength and is not getting a strong follow-through buying

Auroville: An utopian search for a better world

Akash Kapur’s ‘Better to Have Gone’ traces what happens when we believe deeply in a quest and give up everything in its pursuit

Lady doctors and the rocky path to healing

A handbook on India’s first women doctors holds up a mirror to the social and political realities of the 19th and early 20th century

Conquering Everest: A compelling account of how an impossible dream was achieved

Jim Davidson dwells in detail on the failure to make it in the first attempt and the harrowing return to physically and emotionally draining climb up