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RIL shares fall over 4% as windfall tax returns on fuel exports; Rs 82,000 crore wiped off market value

Shares of Reliance Industries Ltd (RIL) fell more than 4% on Friday after the government reintroduced windfall taxes on diesel and aviation turbine fuel (ATF) exports, eroding over Rs 82,000 crore from the company’s market capitalisation in intra-day trade.At 3:30 pm, shares of Reliance Industries Ltd were trading at Rs 1,350.80, down Rs 62.30 or…

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Short-term loan dependence puts Pakistan’s economic stability at risk

Representative image (AI) The economy of Pakistan is in a risky state due to its over-reliance on short-term foreign loans, according to business leaders and economists. Key figures are calling for urgent negotiations with friendly nations to extend loan repayment periods and implement structural reforms, as reported by Express Tribune.Vice chairman of the Pakistan industrial…

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Bangladesh set for ‘secret’ US tariff deal ahead of elections — move after India’s pact?

Bangladesh’s interim government plans to sign a secret tariff agreement with the United States on February 9, just three days before the country’s parliamentary elections and about a week after India secured a trade with the US. The move has sparked concerns among business leaders and analysts due to its timing and lack of transparency,…

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Jerome Powell says Fed has limited scope to counter energy price rise; flags inflation risks

Federal Reserve Chair Jerome Powell on Monday said the central bank is closely monitoring inflation risks arising from the spike in energy prices due to the Iran war, but cautioned that there is limited scope for policy intervention in such supply-driven shocks.Speaking at Harvard University before nearly 400 students, Powell said energy shocks typically tend…

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Frantic wait for life jackets: Video captures panic and chaos on MP cruise boat before it overturns | India News

NEW DELHI: A video recorded from inside the ill-fated cruise at Bargi Dam in Jabalpur has surfaced, offering a glimpse into the moments before the vessel capsised, as questions mount over safety lapses and alleged negligence.The footage shows the boat already out on choppy water, with two people seen hurriedly unpacking life jackets. Several passengers,…

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