Markets
RIL shares sink 4%, wiping off Rs 82,000 crore as windfall tax on fuel exports returns
Reliance Industries shares fell, wiping out more than ₹82,000 crore in market value after the government reinstated windfall taxes on diesel and ATF exports. The move, aimed at boosting domestic supply amid volatile global oil markets, was confirmed by Nirmala Sitharaman, who said higher duties would ensure adequate availability of fuel within the country.
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