Top Headlines: Windfall tax revision, Jio's purchase of 700 MHz, and more

The government on late Tuesday increased the windfall tax on domestically produced crude to Rs 17,750 a tonne from Rs 17,000 a tonne earlier, a move that will hit producers like ONGC and Vedanta Ltd. Meanwhile, Reliance Jio’s decision to acquire 700 MHz in combination with the possible use of an advanced standalone (SA) 5G network could give it an edge over its rivals. Read more on these in our top headlines.

Govt cuts windfall tax on fuel export, raises levy on domestic crude oil

The government on late Tuesday increased the windfall tax on domestically produced crude to Rs