November 2024

Adani Energy Solutions Ltd. received the ‘Global Sustainability Leadership Award 2023’ under the ‘Best Overall Sustainable Performance’ category from the World Sustainability Congress in Mauritius.   The ‘Global Sustainability Leadership Award’ is given annually to organisations that demonstrate outstanding leadership in sustainability. The award recognised AESL’s commitment to sustainable practices and its major contributions to…

New Delhi: Petrol and diesel sales in India slumped in December as setting in of winter tapered demand, preliminary data of state-owned firms showed on Monday.   Petrol sales of the three state-owned firms, which control 90 per cent of the fuel market, fell 1.4 per cent to 2.72 million tonnes in December 2023 when…

Cryptocurrencies witnessed a significant recovery in 2023 following the challenging ‘crypto winter’ of 2022, which was marked by widespread sell-offs, layoffs, contagion concerns, and frauds globally. 2023 also saw India implementing a 30% tax on crypto profits and a 1% tax deduction at source (TDS) on all transactions In 2023, Bitcoin – the most popular…

New Delhi: Kotak Mahindra Bank on Monday said veteran banker Ashok Vaswani has assumed charge as the managing director (MD) and CEO of the bank.   He replaced Dipak Gupta, who was the interim MD and CEO, following founder director Uday Kotak stepping down as the head of the bank, effective September 1, 2023. “Ashok…

Equity benchmark indices Sensex and Nifty kicked off 2024 on a flat note, with the 30-share index closing with marginal gains following some buying in energy, services and telecom counters.   In a highly volatile trade, the BSE gauge eked out a modest gain of 31.68 points or 0.04 per cent to settle at 72,271.94…

The Goods and Services Tax (GST) collection in December 2023 rose 10% to Rs 1.64 lakh crore, showed government data on Monday. However, GST collection fell to a three-month low in December.   At Rs 1,64,882 crore, the revenues for the month of December 2023 are 10.3% higher than the GST revenues in the same…

IPO In 2024: The year 2023 has been a phenomenal year for stock market investors. Amid the bullish run, investors got a lot of opportunity to bid in Initial Public Offerings (IPO). According to data on Chittorgarh.com, a total of 57 public issues raised Rs 49,437 crore this year. Now, as we enter the new year…

The rupee started the new year on a weak note, depreciating by 6 paise to 83.22 against the US dollar amid a muted trend in domestic equities and dollar demand from importers.   Forex traders said the rupee traded in a narrow range in the absence of global cues. Global crude oil markets were closed…

India’s top oil and gas producer ONGC is seeking global technology partners to cut gas flaring and achieve zero methane emission by 2030 as part of its ambitious decarbonisation plan, its chairman Arun Kumar Singh said on Monday.   Oil and Natural Gas Corporation (ONGC) has substantially cut gas flaring — burning of methane gas…

This year has proven to be a stellar period for mutual fund investors, particularly those venturing into equity funds. The BSE Sensex and Nifty, reflecting the general market trend, have notched up returns of over 18% and 20%, respectively, keeping investors on the edge of euphoria. As a result, the year has witnessed a substantial…