Nov 18, 2014 at 14:48 | Source: CNBC-TV18
The improvement in margins is expected on the back of higher excise duty refund and lower ad spend.
Nov 14, 2014 at 10:11 | Source: Moneycontrol.com
Oil & gas stocks have recovered after yesterday's massive fall reacting to government increasing excise duty of petrol and diesel. GAIL, Bajaj Auto, ONGC, Coal India and Tata Motors are top gainers in the Sensex. Among the losers are Tata Power, Cipla, Dr Reddy's Labs, HUL and Sun Pharma.
Nov 13, 2014 at 18:05 | Source: CNBC-TV18
Today for majority of the trading session the Nifty traded as flat as can be. However mid way through the market we did see the Nifty sell off on the back of a couple of factors. There was news that Government of India is going to go ahead and hike the excise duty on petrol as well as petroleum products which didnt go down well with the street.
Nov 13, 2014 at 16:52 | Source: Moneycontrol.com
Infosys, Dr Reddy's Labs, Bharti Airtel, Wipro and Bajaj Auto were top gainers while Tata Power, Sesa Sterlite, ONGC, GAIL and Hero MotoCorp were among the losers in the Sensex. OMCs tumbled after the government hiked excise duty on petrol and diesel.
Nov 13, 2014 at 16:21 | Source: CNBC-TV18
Excise duty on unbranded petrol was hiked from Rs 1.20 per litre to Rs 2.70 per litre and unbranded diesel from Rs 1.46 a litre to Rs 2.96. For branded petrol it was raised from Rs 2.35 a litre to Rs 3.85 and on branded diesel from Rs 3.75 to Rs 5.25 per litre.
Nov 13, 2014 at 14:00 | Source: CNBC-TV18
The increase in price will be passed onto the consumers so that the government can keep it coffers healthy and meet the fiscal deficit target of 4.1 percent of the GDP.
Oct 13, 2014 at 15:33 | Source: CNBC-TV18
Vikram Kirloskar, President, SIAM told CNBC-TV18 that extension of low excise duty will be positive for the auto industry.
Sep 18, 2014 at 17:14 | Source: CNBC-TV18
The hike could help narrow the rate differential between the branded diesel which is at 5.75% and the unbranded diesel which is at 3.46% in the domestic market.
Sep 12, 2014 at 15:06 | Source: Moneycontrol.com
A slew of new launches and an expected extension of the excise duty cut have been backing the story of a revival in the auto sector. Moreover, the upcoming festive season may further boost demand.
Sep 11, 2014 at 13:48 | Source: PTI
Government sources said the Heavy Industry Ministry is likely to send a proposal to Finance Ministry regarding extension of excise duty concession till March 31, 2015.