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Govt hikes windfall profit tax on crude oil, cuts levy on diesel exports

The government on Tuesday increased the windfall profit tax on crude oil produced in the country an…

PTI   


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Windfall profit tax on crude oil hiked, levy on export of diesel cut

In the fortnightly revision of windfall tax, the government hiked the rate on export of diesel…

PTI   


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Windfall profit tax raised on export of diesel, Jet fuel

This was done after a fortnightly review on Wednesday, a Finance Ministry notification said. …

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Bernie Sanders wants a 95% tax on big corporations' pandemic-era profits to bring down rising prices

Sanders's tax targets every US company making over $500 million in revenue. Amazon alone would owe …

Joseph Zeballos-Roig,Juliana …   


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

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

PTI   


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Paytm declares Q2 results, earns Rs 930 crore as windfall gains by way of sale of ticketing business to Zomato

Notably, in the absence of this windfall gain, Paytm's finances would still be in red, with the com…

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'We're not about to fold': Janet Yellen says efforts are underway to package a $50 billion loan to Ukraine using frozen Russian funds

"I think we see considerable interest among all of our partners in a loan structure that would brin…

Filip De Mott   


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Govt hikes windfall tax on crude petroleum, cuts levy on diesel

The government has hiked windfall tax on domestically produced crude oil to Rs 4,600 per tonne from…

PTI   


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Trump Media tumbles 18% after taking the first step towards unlocking early insider stock sales

The Truth Social parent company has filed to allow insiders, such as former president Donald Trump,…

Filip De Mott   


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Crypto miners are pulling in more money than ever as bitcoin shatters records

Crypto mining revenue hit $78 million a day on Monday, a new all-time high for the industry, accord…

Filip De Mott   


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Plans to seize Russian assets 'undermine' trust in the dollar and euro, Kremlin official says

Western plans to potentially use Russia's frozen assets to fund aid for Ukraine will be met with a …

Filip De Mott   


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Govt cuts windfall tax on domestic crude, export of diesel, ATF

The government on Tuesday cut special additional excise duty (SAED) on crude petroleum to Rs 9,050/…

PTI   


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Oil India's Q2 net profit drops 81% on tax provisioning

State-owned Oil India Ltd's second quarter net profit dropped 81 per cent on a one-time provisionin…

PTI   


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Here's what the Credit Card Competition Act could do to your airline miles and travel rewards

Airlines and travelers worry The Credit Card Competition Act could end frequent-flyer and rewards p…

Allie Kelly   


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Windfall tax on diesel export hiked to ₹1 per litre

The government has hiked the windfall profit tax on export of diesel to ₹1 per litre while the levy…

PTI   


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The phenomenon behind tumultuous prices

​Prices of the humble tomato, an integral part of our diet, dominated through July because prices h…

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Germany reportedly plans to cap surging electricity prices partially by taxing excess profit at power companies

Berlin is considering taxing 90% of the power profits that electricity companies make above product…

Carla Mozée   


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Biden's threatened windfall tax on oil company profits could backfire and drive up crude prices, Larry Summers warns

"I think it would discourage investment in oil, which ultimately mean higher oil prices," former Tr…

Zahra Tayeb   


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A new proposed tax on Big Oil's profit markups offers a solution for cash-strapped Americans

Big Oil has taken advantage of inflation to raise gas prices. Here's how a new piece of legislation…

Paul Constant   


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Reliance Industries stock gains nearly 1% after Q3 results

The oil-to-retail-to-telecom conglomerate's consolidated net profit of ₹15,792 crore or ₹23.34…

PTI