Reliance Industries, Oil India, ONGC gain as government cuts windfall tax
On Wednesday, February 15, the windfall tax on petroleum was decreased from Rs. 5,050 per tonne to Rs. 4,350 ($52.60).
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On Wednesday, February 15, the windfall tax on petroleum was decreased from Rs. 5,050 per tonne to Rs. 4,350 ($52.60).
Reliance Industries, owned by billionaire Mukesh Ambani, announced a 15% decline in net profit to Rs 15,792 crore for the December 2022 quarter, as increased financing expenses, the new windfall profit tax, and depreciation offset solid operating performance.
Balrampur Chini, Indiabulls Housing Finance, and Punjab National Bank (PNB) were the three stocks in the F&O embargo period on Wednesday.
Stocks to Monitor On Friday, Aban Holdings and Landmak Cars will make their stock market debuts. Both of these equities are probably going to have a slow trading onset.
As a result of their crossing 95% of the market-wide position limit, the NSE has included Delta Corp, Bhel, Indiabulls Housing Finance, Gujarat Narmada Valley Fertilizers & Chemicals, IRCTC, and PNB on the list of shares that are prohibited from trading on Friday under the F&O sector.
The F&O ban list for Monday includes Delta Corp, RBL Bank, PVR, India Cements, Escorts Kubota, and Indiabulls Housing Finance Ltd. As to the NSE, these stocks would be prohibited from trading in the F&O segment since they have exceeded 95% of the MWPL.
Stocks to keep an eye on today: Monday's trading will centre on shares of companies like ONGC, Hindustan Copper, ACC, Ambuja Cement, Reliance Industries and more.
According to a BSE filing, Reliance paid $ 32 million for a primary infusion and secondary purchase that resulted in the acquisition of a 79.4% majority stake in SenseHawk Inc.
Mukesh Dhirubhai Ambani addresses shareholders at the annual general meeting. Reliance plans a 20 gigatonne solar module capacity by 2026.
RIL plans to invest ₹75,000 crores in the oil-to-chemical industry over the next five years.
Jio operates over 15k stores and delivers to 260 towns. It has 2500 new stores, double warehousing, and delivers to 260 towns.
For the financial year FY22, RIL set August 19 as the record date to determine the members who are entitled to receive a dividend.
The benchmarks for Indian equities opened higher on Monday, continuing their fourth straight session of gains.
Mukesh Ambani has resigned as the Managing director of Reliance Jio. Akash Ambani has been named the company’s Chairman of the Board.
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