Between fiscals 2009 and 2014, India's energy import bill surged at an average 14 per cent annually to $161 billion.
Petroleum being out of the goods and services tax initially will create some anomaly as tax credit on some of the inputs to oil industry may not be given, said revenue secretary Hasmukh Adhia.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Says operating environment for Indian corporate sector has improved during FY15
Among these, Hindalco and Vedanta from the metal pack have become multi-baggers, gaining 100 per cent in 2016
The Street expects lower earnings from RIL's shale business to be offset by the sharp uptick in refining margins and the gradual improvement in petrochemical earnings.
Petroleum Minister Dharmendra Pradhan was to give away the awards but he could not attend because he was travelling.
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
"While the risk of a correction goes up in the near term, on a long-term basis the Indian market is on an absolutely strong footing."
Sensex slumped 518 points to end the day at 25,582 and the Nifty slipped 164 points to close at 7,623.
We are serious about setting up a bank and use the parent branding that is a household name in India, says Venugopal Dhoot.
A day after the Union Cabinet paved the way for the government reducing its stakes in Oil and Natural Gas Corporation (ONGC), Coal India Ltd (CIL) and NHPC, the shares of these companies fell 3.4-5.2 per cent on bourses.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
The market direction will be guided by corporate earnings, especially the oil & gas companies, since they were responsible for earnings disappointment in the past quarter as well.
Govt depts, banks prone to information leakage.
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
In the first of a four-part series, Claro Energy co-founder Kartik Wahi takes you through his entrepreneurial journey
While lower gas output led to earnings cuts, price rises with regular ramp-ups in output will lead to earnings upgrades
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
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