Tue, 21-Oct-2025

Indian oil stocks decline after New Delhi announces a hike in fuel export taxes

New Delhi

Indian oil shares fall after New Delhi announces a rise in the export tax on fuel.  Shares of Reliance Industries, owned by Asia’s richest man Mukesh Ambani, fell as high as 8.7% in response to the news.  Oil & Natural Gas Corporation, another major refiner, plunged as much as 10%. Reliance Industries, one of the … Read more

Engro Corp profits grow 92%

Engro

KARACHI: Pakistan’s premier conglomerate, Engro Corporation’s profitability exhibited a substantial growth of 92 per cent to reach Rs6.88 billion in the first quarter of 2022 against Rs3.59 billion in the same period of 2021, a statement said on Thursday. The company’s dividend income grew 124 per cent during the period under review to reach Rs7.70 … Read more