RIL Shares Fall 4% After Windfall Tax on Diesel, ATF Exports

Shares of Reliance Industries Ltd dropped over 4% after India reintroduced windfall taxes on diesel and aviation turbine fuel exports, wiping Rs 82,000 crore from market cap. The move aims to boost domestic fuel supply amid global oil volatility.

India Cuts Fuel Taxes Amid Global Oil Price Surge

The Indian government has slashed excise duties on petrol and diesel to absorb the impact of soaring global crude prices triggered by Middle East conflicts. Retail fuel prices are expected to remain stable despite the tax cuts.

Extra 20% Commercial LPG for Steel, Auto, Textile, Dye Sectors

The Indian government has allocated an additional 20% commercial LPG to states, targeting labour-intensive industries such as steel, automobile, textile, and dye. This raises total allocation to 70% of pre-crisis levels, with conditions including PNG regi

Rupee Hits Record Low of 94.56 vs US Dollar

The Indian rupee plunged to an unprecedented low of 94.56 against the US dollar during intra-day trading on March 27, 2026, marking a significant 60 paise decline from its previous close.

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