The stocks may also see significant price movement today.
In accordance with a decline in global rates, the government reduced the windfall profit tax on domestically produced crude oil and diesel on Saturday. Starting on October 2, the tax on the export of jet fuel will also be eliminated.
The debut of 5G telephony services, which promise to deliver ultra-high-speed internet on mobile phones, will put a spotlight on telecom businesses. Prime Minister Narendra Modi claimed that 5G signals the start of a new era and offers an endless sky of prospects.
In line with the global firming up of energy prices, natural gas prices, which are used to produce electricity, fertiliser, and CNG to power automobiles, increased sharply by 40% to record highs.
After declaring its sale unit for September over the weekend, auto stocks, including two-wheeler, four-wheeler, and commercial vehicle producers, will also be active today.
The mortgage lender increased its lending rates by 0.50% just hours after the RBI raised its interest rate.
6.Zee Entertainment Enterprises:
In the company’s annual general meeting, all eight resolutions were approved by the media company’s shareholders.
The dairy company said that Pride of Cows, its premium milk brand, has now expanded to Ahmedabad, where it will offer fresh cow milk directly from its Bhagyalakshmi Dairy Farm near Pune.
The proposed acquisition of a 21% share in IndiaFirst Life Insurance by the Bank of Baroda has been approved by the Competition Commission of India (CCI).
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