Reliance, ONGC’s credit quality can bear windfall tax, says Moody’s
Billionaire Mukesh Ambani’s . and state-run Oil & Natural Gas Corp. are unlikely to suffer a “material” dent to their credit quality from India’s decision to levy additional taxes on local fuel exports and oil production given already elevated crude prices, Moody’s said. “While profits generated from oil exports will fall because of windfall taxes, … Read more