US-based Dastur Energy, which collaborated with the government on carbon capture, utilisation, and storage, is focusing on industrial decarbonisation, renewable energy integration, and clean fossil fuel utilisation as its key growth areas. In an interview with Raghavendra Kamath, Atanu Mukherjee, CEO and president of the company, discusses the opportunities in decarbonisation in India and emerging
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening on Thursday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty was trading 3 points or 0.01% higher at 23,826 indicating a muted start for domestic indices NSE Nifty 50
Investors and promoters have taken home close to Rs 1 lakh crore through the sale of shares in initial public offerings (IPOs) in 2024, the highest level in at least 10 years. The amount raised through the sale of fresh shares was around Rs 64,300 crore. Also ReadThe Role of Gold Reserves in National Economies:
Speed thrills, and how. Just six months ago, the opportunity for quick commerce was estimated at $30 billion by 2030, up from $6 billion in 2024. That has now been raised to $40 billion. The catchment, which was not so long ago estimated at about 25-30 million households spending nearly Rs 4,000-5,000 a month, has
Once the backbone of domestic consumption, India’s middle class, which represents 31% of its population, is cutting back sharply on daily and discretionary expenditure. The warning bells were first sounded by Nestle India’s chairman and MD Suresh Narayanan, a company best-known for its brand of noodles (Maggi), instant coffee (Nescafe) and chocolates (KitKat) among other
India made significant progress in the renewable energy (RE) sector in 2024 with total RE capacity reaching 205.5 gigawatt (GW) as of November in the current fiscal year 2024-25. To achieve the target of 500 GW non-fossil fuel capacity, the government has adopted multifaceted strategy. Apart from rapid RE capacity addition, this includes streamlining the
Equities have outperformed debt funds by a long margin for the last few years. But, with India being expected to enter a rate-cut cycle in a couple of months, things have started looking brighter for debt funds. While large economies like the US have already started cutting rates, India is expected to do the same
The government has been actively conducting surveys to identify tax evaders under Section 133A of the Income-tax Act, 1961. In response to a question raised in the Lok Sabha by Arun Kumar Sagar, the Minister of State in the Ministry of Finance, Pankaj Chaudhary, shared details about the surveys conducted over the last three years.
Godrej Consumer Products (GCPL) on Monday inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district on the outskirts of Chennai, with an investment of Rs 515 crore. The facility has the potential to generate 1,000 direct and indirect jobs. Speaking on the sidelines, the company’s MD & CEO, Sudhir Sitapati, said the slowdown in
Direct-to-consumer (D2C) skincare brand Minimalist, recently acquired by Hindustan Unilever (HUL) for Rs 3,000 crore, will leverage the FMCG firm’s vast distribution network to scale up both its domestic and international presence. The deal, which aligns with Minimalist’s expansion goals, will provide the resources needed for growth in manufacturing, research and development (R&D), and offline
The addition of demat accounts in February fell to a 21-month low at 2.26 million even though their total number surpassed the 190 million mark, according to data from CDSL and NSDL. As the stock markets have entered a correction phase since late September, the monthly addition of new demat accounts also showed a declining
Goldman Sachs has reduced its 12-month target for the Nifty by around 5.6% to 25,500 from the previous target of 27,000, representing around 12% potential upside from Monday’s level of 22,460. Goldman’s three-month target for the NSE benchmark is 23,000 and it expects the indice to touch 24,000 in the next six months. ALSO READAfter Goldman
India added 25.2 gigawatt (GW) of solar power capacity in the calendar year 2024, significantly higher than 8.3 GW installed in 2023, as per Mercom’s recent report on solar market. The market witnessed record installations last year surpassing annual capacity additions of all previous years. During last year, 22 GW of large-scale solar projects were
