Category: Stock

Reliance Industries shares drop 5%, wipe off Rs 88,000 cr from market value as govt reimposes windfall tax on fuel exports

Heavyweight Reliance Industries (RIL) shares dropped nearly 5% on Friday after the government reintroduced windfall taxes on diesel and ATF exports. The sharp drop in the shares of the Mukesh Ambani-led company wiped off more than Rs 88,000 crore from its market value in a single session. According to an order issued on Thursday, the […]

RBI mandates Legal Entity Identifier, Unique Transaction Identifier for financial mkt transactions

The Reserve Bank of India (RBI) on Friday mandated the use of Legal Entity Identifier (LEI) and Unique Transaction Identifier (UTI) for transactions in financial markets. These identifiers are key global standards for promoting transparency in the financial markets, the central bank said in a release. LEI code is a 20-character unique identity code assigned […]

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