editor - The Purbottar

16 Jan

Wholesale inflation jump to 2.37% in December

editorBusiness, News

India's wholesale inflation rose in December, led by a surge in prices of various commodities. The wholesale price index rose 2.37% in December, compared to 1.89% in November, according to data released by the Ministry of Commerce and Industry on Tuesday. On a sequential basis, the index declined 0.38%, compared to a 0.5% decline in the previous month. Global commodity prices have risen slightly so far in January 2025 compared to December 2024. ICRA Chief Economist Aditi Nayar said the average price of the Indian basket of crude oil rose 5.8% month-on-month during January 1-13, 2025, especially amid tighter US…

15 Jan

Trent shares upsurge nearly 5% after Elara Securities assigns ‘buy’ rating

editorBusiness, News

Trent shares rose 4.89 percent to Rs 6,519 per share on January 15 after Elara Securities recommended a "buy" on the stock.Elara Securities has initiated coverage on Trent with a "buy" rating and a target price of Rs 8,500. The brokerage expects Trent to maintain industry-leading metrics due to differentiated product offerings, strong hold on processes and complete reliance on private labels.Trent's fashion portfolio consistently outperforms its peers in key parameters such as store size, revenue per sq ft/per store and EBITDA margin, as well as leading in headline growth.This outperformance is expected to be sustained by a firm focus…

15 Jan

Assam mine tragedy: 5 workers still trapped as rescue work continues

editorAssam

Dewatering continued in the coal quarry in Assam's Dima Hasao district, with the authorities failing to trace the five workers who are still trapped inside for 10 days, officials said on Wednesday. Water was pumped out of the mine using machines brought by the ONGC and Coal India, and the water level has gone down considerably.

15 Jan

Assam CM visits Rani Chapori; witnesses its diverse cultivation

editorAssam

Assam Chief Minister Himanta Biswa Sarma on Tuesday visited Rani Chapori in Dharapur, Kamrup district and witnessed the flourishing cultivation of diverse crops by the farmers of the area in the sprawling sand bar on the Brahmaputra river. He suggested multi-pronged strategies for the development of the Chapori including its farmers. The CM spent around 2.5 hours in Chapori, talking to the farmers, and listening to their problems. He also said that state government will take steps in allotting land pattas to the farmers who are cultivating chapori. CM Sarma upon reaching Chapori by boat and tractor, covered a sizeable…

15 Jan

Indian Farmers Don Bear Costumes to Deter Crop-Raiding Monkeys

editorAgriculture

Farmers in Uttar Pradesh, India, have adopted an innovative approach to protect their crops from marauding monkeys by wearing bear costumes. After receiving no assistance from local authorities, villagers collectively purchased a bear costume to patrol their fields, as monkeys tend to avoid bear-like figures. A video from Lakhimpur Kheri district showcases a farmer in the costume safeguarding mustard, chickpea, wheat, and sugarcane crops. This strategy has reportedly been effective in deterring the primates. In response, local authorities are now educating farmers on alternative methods to protect their crops from monkeys, acknowledging the challenges posed by wildlife to agriculture in the region.

14 Jan

Adani Group stocks increase as Adani Power surges over 19%

editorBusiness, News

New Delhi: Adani Group stocks witnessed a significant surge on Tuesday, with Adani Power recovering from the previous day's fall to surge as much as 19.29%. Other stocks in the group that also registered gains included Adani Green Energy, which rose 14.54%, Adani Energy Solutions (14.38%), Adani Total Gas (13%), and NDTV (12.50%) on the Bombay Stock Exchange (BSE). Shares of Adani Enterprises rose 8.91%, Adani Ports surged 6%, Ambuja Cements rose 4.79%, ACC rose 4.50%, Sanghi Industries rose 4.22%, and Adani Wilmar gained 3%. All Adani Group stocks ended weak in Monday's trade following a weak trend in equities.…

14 Jan

Magh Bihu celebrated across Assam with fervor

editorAssam

Assambcelebrated the annual harvest festival Magh Bihu with great traditional fervour on Tuesday as people burnt traditional Meji (bonfire) in the morning. The bonfires are usually made with firewood, green bamboo, hay, and dried banana leaves. On the occasion, young people take blessings (Ashirbad) from elders, reinforcing bonds of respect and love within families. Across the state, traditional sports such as buffalo fights, cockfights, egg-breaking competitions, and Tekeli Bhanga (breaking of pots) are also held. People prepare a variety of mouthwatering delicacies made from rice, including pithas, laddoos, and a host of other traditional dishes, which are served generously to…

14 Jan

Parliament Adjourned Amidst Protests

editorIndia

The Winter Session of Parliament was adjourned sine die amid protests from both opposition and treasury benches. The session witnessed heated debates over various issues, leading to frequent disruptions. Despite the turmoil, several bills were passed, including those facilitating the conduct of simultaneous polls in the country. The Speaker urged members to engage in constructive dialogue and uphold parliamentary decorum in future sessions. The adjournment has prompted discussions on the need for reforms to ensure the smooth functioning of legislative proceedings.

13 Jan

Assam Guv, CM greet people on ‘Bhogali Bihu’

editorAssam

Assam Governor Laxman Prasad Acharya and Chief Minister Himanta Biswa Sarma extended greetings to people of the state on the occasion of 'Bhogali Bihu’, beginning from Monday.''The festive celebration embodies the spirit of unity, brotherhood and camaraderie, transcending boundaries of caste, creed, religion, and language'', the governor said in a statement. ‘Bhogali Bihu’ is a vibrant festival of feasting, fun and mutual respect, where 'mejis' (different structures made from hay) play an important role in making the festival unique, he said.

13 Jan

Paytm shares fall 6%, down over 20% in five sessions

editorBusiness, News

Shares of One97 Communications, the parent company of fintech major Paytm, continued to decline for the fourth consecutive session on January 13. The shares fell to Rs 796.1, marking a decline of over 6 percent. Earlier, UBS had released a report citing NPCI data, which mentioned that Paytm did not gain any UPI market share in December. In October, Paytm received approval to add customers. Nevertheless, its share of the UPI market almost halved, falling from 10 per cent at the start of 2024 to 5.5 per cent by the end of the year. During the October-November period, Paytm's market…