RIL shares fall over 4% as windfall tax returns on fuel exports; Rs 82,000 crore wiped off market value

    Shares of Reliance Industries Ltd (RIL) fell more than 4% on Friday after the government reintroduced windfall taxes on diesel and aviation turbine fuel (ATF) exports, eroding over Rs 82,000 crore from the company’s market capitalisation in intra-day trade.At 3:30 pm, shares of Reliance Industries Ltd were trading at Rs 1,350.80, down Rs 62.30 or…

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      US Fed race: Kevin Warsh clears Senate panel vote, Donald Trump nominee moves closer to top job

      Kevin Warsh (Photo credit-AP) Kevin Warsh, President Donald Trump’s nominee to lead the Federal Reserve, moved a step closer to becoming the next US central bank chief after the Senate Banking Committee approved his nomination on Wednesday, AP reported.The committee voted 13-11 along party lines, with all Republican senators backing Warsh and all Democrats opposing…

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      American startup raises $180 million to drill rock over 5km deep to build world’s first superhot geothermal plant at 500 °C

      Quaise Energy, an American startup, announced on August 27 the final closing of a $180 million funding round, which included $35 million from Nabors, to finance the Obsidian Project in Oregon, where a microwave gyrotron will create wells in rock between 300 °C and 500 °C to establish the first commercial superhot geothermal plant on…

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      China’s Moon base plans are pushing ahead faster than NASA’s lunar ambitions |

      China’s race to create a permanent base on the moon is speeding up, exerting additional pressure on the US and influencing the future direction of moon exploration. With its International Lunar Research Station (ILRS) programme, China, in collaboration with Russia, aims to construct an operational research facility at the South Pole of the moon, with…

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