Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil

The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel to markets such as Europe and the US.

TVS group’s Trust is sowing seeds of growth in rural India

Watch | Nifty Prediction for June 27-July 1, 2022

Watch | Hyundai venue 2022 review

Podcast | An Unfiltered Tour of Creativity At Cannes

Deconstructing the NSE co-location scam

Deconstructing the NSE co-location scam

Palak Shah talks about the NSE co-location scam, the current investigations, and the need to regain investors’ trust.

Subscriber Exclusive

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Mastering Derivatives: Why long ITM calls are not optimal

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Matrimony.com buyback: Should you say Yes or No?

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Are speciality chemical stocks a good bet at current valuations

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Weekly rupee view: Rupee at new low versus dollar

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MCX Natural Gas: Go short on corrective rally

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Market correction: Decoding the fall and where to invest now

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Zomato-Blinkit deal: Quick commerce and late profits

Top Gainers/Top Losers

Stocks

Commodities

Forex

Gold & Silver

Domestic market set to open weak

Stocks that will see action today (July 1)

Swiggy initiates ESOP liquidity programme worth $23 million

SEBI bans Parsvnath Developers from securities market for 6 months

June sees worst FPI sell-off in more than two years

Brent crude falls below $110 a barrel on recession fears

US petroleum product consumption data impacts crude oil futures

Bears take control of palm oil market as supplies rise, demand weakens

Reinforced steel bar prices rise by around ₹2,000 per tonne

Cabinet approves strategic partnership agreement between MNRE, IRENA

Rupee weakens beyond 79 per US dollar to hit record low, seen falling more

Rupee gains 5 paise to close at 78.98 against US dollar

Rupee relatively better placed than other global currencies against dollar: FM

Rupee rises 13 paise to 78.90 against US dollar in early trade

Rupee comes within a whisker of breaching 79 mark

Brent crude falls below $110 a barrel on recession fears

US petroleum product consumption data impacts crude oil futures

Bears take control of palm oil market as supplies rise, demand weakens

Reinforced steel bar prices rise by around ₹2,000 per tonne

Cabinet approves strategic partnership agreement between MNRE, IRENA

Opinion

Trending

Plan Your Business Continuity Strategy with Lenovo & the Importance of Security

How MSMEs Can Leverage Technology to Be Future Ready

Five Ways Device as a Service (DaaS) Can Help MSMEs Thrive

Eknath Shinde will be Maharashtra CM, says Devendra Fadnavis

Books

Economy

Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil

Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil

The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel to markets such as Europe and the US.

E-commerce firms laud GST Council’s move to relax registration norms for MSMEs

E-commerce firms laud GST Council’s move to relax registration norms for MSMEs

The move will be an enabler for millions of small units, including artisans, boutiques and mom-and-pop stores, said Vidit Aatrey, Founder & CEO, Meesh

Fiscal deficit for April-May period at 12% of Budget Estimate

Fiscal deficit for April-May period at 12% of Budget Estimate

It is 4 percentage points higher than deficit during the corresponding period of last fiscal

AP, Gujarat, TN rank among top 7 investment-favoured States

AP, Gujarat, TN rank among top 7 investment-favoured States

Delhi, Bihar, J&K and Tripura lag, says Centre’s BRAP 2020 report which ranks States, UTs based on ease-of-doing-business parameters

Agri Business

Unnati to help Yara dealers access credit

Centre asks start-ups, industry players to work with States to make drones accessible for farmers

Rain deficit for June shrinks to 8% as monsoon picks pace in North

Tea Board turns down Nilgiri Bought Leaf Tea makers’ plea for fixing base price at Coonoor auctions

Actor Manoj Pahwa roped in for nurture.retail ad

National Rubber Mission to meet domestic demand, says Board

India’s wheat export ban comes under fire once again at WTO

Money & Banking

Applications filed for HDFC-HDFC Bank merger: Parekh

Applications filed for HDFC-HDFC Bank merger: Parekh

“Demand for housing is unlikely to be impacted by interest rate increases”

SEBI slaps penalty on Kotak AMC, employees

SEBI slaps penalty on Kotak AMC, employees

The case pertains to delayed payment in FMP scheme after it matured in 2019

PSBs’ earnings turnaround to sustain this fiscal on pick up in loan growth, lower credit costs: S&P Global Ratings

PSBs’ earnings turnaround to sustain this fiscal on pick up in loan growth, lower credit costs: S&P Global Ratings

S&P sees Indian banking sector’s credit growth at 11-12 per cent in next two years

Small saving interest rates kept unchanged

Small saving interest rates kept unchanged

This is the ninth successive quarter when interest rates have been kept unchanged

Cryptocurrencies, a clear danger: Shaktikanta Das

Cryptocurrencies, a clear danger: Shaktikanta Das

Says the potential of technology to disrupt financial stability has to be guarded against

Tax on digital assets: Impact on NFTs limited for now but industry seeks more clarity

Tax on digital assets: Impact on NFTs limited for now but industry seeks more clarity

1% TDS can be tricky, players said

Markets

Poll Question

Will the merger of HDFC and HDFC Bank trigger a consolidation in the banking industry?

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

Plan Your Business Continuity Strategy with Lenovo & the Importance of Security

How MSMEs Can Leverage Technology to Be Future Ready

Five Ways Device as a Service (DaaS) Can Help MSMEs Thrive

Eknath Shinde will be Maharashtra CM, says Devendra Fadnavis

BHEL agrees to pay damages to NLC

Decision to keep banks open on Sunday for LIC IPO turned out to be a damp squib, shows RTI response

NMDC gets shareholders, creditors approval for demerger of steel unit

Eknath Shinde will be Maharashtra CM, says Devendra Fadnavis

Editor's pick

Karnataka passed most number of Bills, Kerala promulgated most Ordinances in 2021

Karnataka passed most number of Bills, Kerala promulgated most Ordinances in 2021

According to a report, State Assemblies functioned almost normally last year despite two Covid waves

The teens at the head of tomorrow’s unicorns

The teens at the head of tomorrow’s unicorns

Hurun India index names the ‘gazelles’ and ‘cheetahs’ of 2022

Rupee relatively better placed than other global currencies against dollar: FM

Rupee relatively better placed than other global currencies against dollar: FM

The rupee breached the 79-level for the first time ever on Wednesday

Significant progress in talks with Sri Lanka: IMF

Significant progress in talks with Sri Lanka: IMF

The new IMF-supported program would be to restore macroeconomic stability and debt sustainability, while protecting the poor and vulnerable

Lenskart buys majority stake in Japan’s Owndays

Lenskart buys majority stake in Japan’s Owndays

The combined entity will have presence 13 markets in Asia, including India, Singapore, Thailand, Taiwan and Japan

Eknath Shinde takes oath as Maharashtra CM

Eknath Shinde takes oath as Maharashtra CM

Fadnavis is the Deputy CM

Rain deficit for June shrinks to 8% as monsoon picks pace in North

Rain deficit for June shrinks to 8% as monsoon picks pace in North

IMD predicts more heavy showers over most of the region into the weekend

Roe V Wade: Here’s what data says about abortions in India

Roe V Wade: Here’s what data says about abortions in India

The latest National Family Health Survey shows that around 3 per cent of total pregnancies in India end up in abortions

Multimedia

Companies

Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil

Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil

The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel to markets such as Europe and the US.

Tribunal allows Hero MotoCorp to use 'Hero' trademark for its EVs

Tribunal allows Hero MotoCorp to use 'Hero' trademark for its EVs

Electric two-wheeler maker Hero Electric had sought an injunction against Hero MotoCorp using the 'Hero' trademark for its electric vehicles

GM calls off plan to sell Indian car plant to China's Great Wall

GM calls off plan to sell Indian car plant to China's Great Wall

Deal called off after GM fails to secure regulatory approvals from the Centre for investment by the Chinese company

Tata Steel onboards 18 more transgenders

Tata Steel onboards 18 more transgenders

Tata Steel has set a target of having 25 per cent diverse workforce by 2025

Fixing to achieve better market share, says Maruti Suzuki CEO

Fixing to achieve better market share, says Maruti Suzuki CEO

Maruti Suzuki launches all-new Brezza starting at ₹8 lakh

Reliance takes on Tata-Starbucks with a partnership with Pret A Manger

Reliance takes on Tata-Starbucks with a partnership with Pret A Manger

Will launch and build the food chain brand across the country

Info-tech

Telcos allege govt of providing ‘backdoor entry’ to big tech players for 5G captive networks

Telcos allege govt of providing ‘backdoor entry’ to big tech players for 5G captive networks

COAI writes to DoT for safeguarding interests of national security, revenue to exchequer

Tech access impacts workplace morale: Survey

Tech access impacts workplace morale: Survey

65% of respondents said they would be more productive with better technology

EU consumer groups target Google with privacy complaints

EU consumer groups target Google with privacy complaints

Issue with Google’s account sign-in process

Google to pay for Wikipedia content

Google to pay for Wikipedia content

Google uses Wikipedia content to provide data in its knowledge panels

How Meeshoo helped 5 lakh small businesses go online; targets breakeven early next year

How Meeshoo helped 5 lakh small businesses go online; targets breakeven early next year

‘The move to waive off compulsory GST registration will be a tailwind, making millions of small businesses to come online’

Snapchat Plus: Snap launches paid version

Snapchat Plus: Snap launches paid version

Snapchat Plus is available in the US at $3.99 a month

Portfolio

Matrimony.com buyback: Should you say Yes or No?

Matrimony.com buyback: Should you say Yes or No?

While there may be more steam left in terms of growth opportunities, given the premium valuation the buyback is offering, existing investors can tende

Weekly rupee view: Rupee at new low versus dollar

Weekly rupee view: Rupee at new low versus dollar

Fall may extend possibly dragging INR to 79 soon

Zomato-Blinkit deal: Quick commerce and late profits

Zomato-Blinkit deal: Quick commerce and late profits

The acquisition does not turn the tables for now

Relooking at MF nomination after SEBI’s latest guidelines

Relooking at MF nomination after SEBI’s latest guidelines

From August 1, AMCs will provide those putting in fresh money in MFs with the choice of either providing nomination for their investments, or opt out

Simply Put: Reverse wealth effect

Simply Put: Reverse wealth effect

Central banks use this tool to cool the economy when inflation is red hot globally tweak policies to stimulate economy during times of high inflation

Market correction: Decoding the fall and where to invest now

Market correction: Decoding the fall and where to invest now

Steady fall in markets since October 2021 has thrown up valuable lessons and pockets of opportunities for long-term investors

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 | Why are cotton prices falling, and how does the market look till year-end?

Podcast | Why are cotton prices falling, and how does the market look till year-end?

Subramani Ra Mancombu explains the recent fall in cotton prices at the New York Intercontinental exchange and what it means for domestic and internati

Resources

Feb 01, 2022

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

Feb 01, 2022

Key feaures of Budget 2022-23

Jan 31, 2022

Full Text | Economic Survey 2021-22

Walking in Indian Cities – A Daily Agony for Millions

How ‘shopoholic’ UPL adds muscle with takeovers

Homegrown agrochem MNC UPL believes in collaborations to drive growth and revenue

Birla-Adani in cement slugfest to be top player

With housing and roads expected see a boom, cement makers will be jockeying for the top slot

Uday Shankar: In the reckoning again

Former Star chief is back in the game with IPL digital bid

Matrimony.com buyback: Should you say Yes or No?

While there may be more steam left in terms of growth opportunities, given the premium valuation the buyback is offering, existing investors can tende

Weekly rupee view: Rupee at new low versus dollar

Fall may extend possibly dragging INR to 79 soon

Zomato-Blinkit deal: Quick commerce and late profits

The acquisition does not turn the tables for now

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