CPSEs Report 47% Profit Growth In FY24, Led By Petroleum Sector
The 272 operating CPSEs reported a combined net profit of ₹3.22 lakh crore in FY24, up from ₹2.18 lakh crore the previous year. The petroleum sector drove this surge, with key players posting significant gains.
Government Increases Windfall Tax On Crude Petroleum
India introduced windfall profit taxes on July 1, 2022, joining many other countries that tax energy businesses's above-average profits
EU Looking At Petroleum Products Made From Russian Crude Oil In India Finding Way To Its Market
The Trade Commissioner said the grouping is looking at significantly expanding economic engagement with New Delhi
