PRE-MARKET INDIAN STOCKS NEWS: Bharat Petroleum Corporation (BPCL IS) – Co. received INR 18.17bln tax demand order from Central Tax & Central Excise Department, Kochi, including INR 4.77bln duty and INR 13.40bln interest related to pre-merger Kochi Refine
Bharat Petroleum Corporation's receipt of an INR 18.17 billion tax demand could generate significant market concerns, particularly regarding its cash flow and future earnings potential.
Israeli official tells Yedioth Ahronoth that a US attack on Iran is imminent
RBI is seen selling dollars to support rupee to protect the 91.00 level
PRE-MARKET INDIAN STOCKS NEWS: Bharat Petroleum Corporation (BPCL IS) – Co. received INR 18.17bln tax demand order from Central Tax & Central Excise Department, Kochi, including INR 4.77bln duty and INR 13.40bln interest related to pre-merger Kochi Refine
Huawei chairman Liang Hua reveals 2025 sales topped CNY 880bln
[MARKET ANALYSIS] Asia-Pac stocks attempt to shrug off the negative handover from the US, as key markets reopen from holiday
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Bharat Petroleum Corporation (BPCL IS) – Co. received INR 18.17bln tax demand order from Central Tax & Central Excise Department, Kochi, including INR 4.77bln duty and INR 13.40bln interest related to pre-merger Kochi Refineries period, while it will file an appeal. (Moneycontrol)
Bharti Airtel (BHARTI IS) - Co. is to capitalise NBFC unit Airtel Money with INR 200bln over the next few years, with 70% funded by the Co. and 30% by promoter Bharti Enterprises. (Moneycontrol)
RBL Bank (RBK IS) – RBI approved the reappointment of Chandan Sinha as non-executive chairman for a second term. (Moneycontrol)
Other News - National Stock Exchange to exclude Housing & Urban Development Corporation (HUDCO IS), Piramal Pharma (PIRPHARM IS), Tata Technologies (TATATECH IS) and Torrent Power (TPW IS) from the F&O segment effective Apr 29, 2026. (Moneycontrol)
The fact that they plan to appeal indicates ongoing uncertainty, which might cause volatility in BPCL's share price as investors assess potential impacts on operations and capital allocation strategies.
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