Tax Revenue from DSE Rises by 14.28% in April

Telecom operator Grameenphone has set an ambitious target to cut its carbon emissions by 50% before 2030, using 2019 emissions as a baseline. The company is actively implementing various initiatives to reduce its carbon footprint. These include enhancing energy efficiency, investing in renewable energy sources, fostering an energy-conscious culture, and collaborating with partners to minimize environmental impact, particularly in the supply chain.

Adani, an Indian power company, has encountered payment difficulties as the Power Development Board (PDB) in Bangladesh grapples with a shortage of dollars. Adani supplied 700-750 MW of electricity during the trial production period, totaling around 1.5 million units to PDB.

In the maiden post-budget session, the Dhaka Stock Exchange (DSE) witnessed a significant surge in turnover, exceeding Tk 12 billion for the first time in seven months. The market's positive performance can be attributed to the absence of any new tax provisions or cuts to existing tax facilities in the proposed budget for FY24.

Bangladesh Steel Re-Rolling Mills (BSRM), the country's leading steel producer, has successfully transformed steel slag waste into eco-friendly construction material as an alternative to bricks. Steel slag, a solid waste generated during the steelmaking process, poses environmental threats and reduces land fertility when improperly disposed of.

Intraco Refueling Station Limited took the top spot on the turnover chart as it prepares to transport gas from Bhola to Dhaka. The company recorded a turnover value of Tk59.34 crore, followed by Meghna Life Insurance at Tk42.73 crore and Sea Pearl Beach Resorts at Tk37.24 crore, according to data from the Dhaka Stock Exchange (DSE).

Mercantile Bank Limited has introduced a global debit card service for its customers, marking the 24th anniversary of its operations. The bank's chairman highlighted the bank's achievements and emphasized future action plans, acknowledging the challenges posed by the Covid-19 pandemic and the Ukraine-Russia war.