The government has maintained that the levy was introduced in view of the windfall gains made by the domestic crude producers and refiners due to high global crude and product prices.
The S&P 500 and Nasdaq hit record closing highs as hopes of a US Iran ceasefire extension boosted sentiment. Investors also digested US inflation rising
Bharat Dynamics reported a 59% YoY net profit drop to Rs 113 crore for Q4 FY26, with revenue declining 73%. For the full fiscal year,
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