Adani Total Gas reports a 21% increase in profit for Q4 2022

Adani Total Gas Ltd, the city gas joint venture between the Adani Group and French energy giant TotalEnergies, has reported a strong financial performance for the January-March quarter of 2023. The company’s consolidated net profit for the quarter was INR 97.91 crore, a 21% increase compared to the same period a year ago when it reported net earnings of INR 81.09 crore. The impressive results were reported in the company’s stock exchange filing.

GST Collection in April 2023 Hits All-Time High of ₹ 1.87 Lakh Crore

GST Collection in April 2023 : The government of India has announced that the goods and services tax (GST) collection for April 2023 was the highest ever at ₹ 1.87 lakh crore. This marks a significant increase of 12 percent compared to the previous highest collection in April 2022, which was ₹ 19,495 crore lower. The government has attributed the growth to the strong performance of the economy, which has bounced back from the pandemic-induced slowdown.

Who’s the richest person in the world in 2023? Elon Musk is no longer the leader

Elon Musk, the billionaire entrepreneur and CEO of SpaceX and Tesla, has long been considered one of the world’s wealthiest people. However, as of 2023, he is no longer at the top of the list. According to Forbes’ Real-Time Billionaires list, the current wealthiest person in the world is Bernard Arnault, the CEO of LVMH, … Read more

First day of Mankind Pharma IPO has 8% subscription; GMP falls 30% in 10 days

Get the latest update on Mankind Pharma’s IPO, with only 8% subscription on the first day, and a 30% fall in Grey Market Premium (GMP) within 10 days. Stay informed about the current status of Mankind Pharma’s IPO. The initial public offering (IPO) of Mankind Pharma, which is India’s fourth biggest pharmaceutical business, has so … Read more

Strong Showing from Financials Leads to Benchmarks Rise

On Monday, the Indian stock market witnessed a strong performance, with the 30-share Sensex closing above the 60,000-mark. The benchmark index was up 401.04 points (0.67%), closing at 60,056.10, while the Nifty50 closed at 17,743.40, up 119.35 points. The financial sector led the market rally, with strong buying in financial stocks pushing the benchmark indices … Read more

Maximizing Your Profits: Trading Strategies for RIL Shares After Strong Q4 Results

Following Reliance Industries (RIL) impressive earnings report for the quarter ending March 31, 2023, which surpassed market expectations, several leading brokerages maintained their optimistic outlook on the company’s stock. JP Morgan retained an “Overweight” rating, while Jefferies recommended a “Buy” rating. Domestic brokerages Motilal Oswal, Prabhudas Lilladher, and Sharekhan also expressed confidence in RIL, all … Read more

India’s Central Bank Introduces ‘Retail Direct Scheme’ for Digital Payments

The Reserve Bank of India (RBI), the nation’s central bank, recently unveiled the “Retail Direct Scheme,” a brand-new digital payment mechanism. With the help of this new programme, clients will be able to make digital payments directly to the RBI without the aid of middlemen like commercial banks. The RBI’s continuing initiatives to support digital … Read more

The Future of Microfinance in India: Innovations and Challenges

In India, microfinance has become a potent instrument for reducing poverty and promoting financial inclusion. Millions of low-income people and small companies in India have received microloans and other financial services from microfinance organizations (MFIs) during the past several decades. To overcome these obstacles and prepare the path for the future of microfinance in India, … Read more