editor - The Purbottar

04 Jan

Assam Police seize Codeine-based cough syrup worth Rs 2 crore in Cachar

editorAssam

Assam Police seized 11,100 bottles of Codeine-based cough syrup worth Rs two crore from a vehicle near Damcherra in the Cachar district of the state on Friday. Chief Minister Himanta Biswa Sarma said in a post on X that Cachar Police conducted the anti-narcotics operation based on credible intelligence. "Based on credible intelligence, an anti-narcotics operation was conducted by @Cachar Police near Damcherra where a vehicle transporting illegal substances was intercepted. Upon thoro search, 11,100 bottles of Codeine-based cough syrup valued at Rs 2 crore were recovered. Commendable efforts by @assampolice," Sarma wrote on X.

04 Jan

Sikkim CM directs all discos, pubs to close by 11 pm

editorSikkim

Sikkim Chief Minister Prem Singh Tamang has directed all discos and pubs in the state to close by 11 pm, warning that any venue found operating beyond that time will face the cancellation of its license. The decision comes as part of the state government's efforts to preserve the cultural heritage of Sikkim and address rising concerns about public safety.

04 Jan

IGL, MGL shares rose as government asks GAIL and ONGC to give 0.6 mmscmd gas to city gas firms

editorBusiness, News

Shares of Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL) jumped up to 2.5% on January 3 after the oil ministry asked GAIL and ONGC to give 0.6 mmscmd gas to city gas firms. The circular said gas from new wells and oil-associated gas will not be auctioned but will be allocated proportionately to companies based on volume. The move will reduce city gas distribution firms' dependence on gas from the spot market. IGL will get the highest allocation due to its higher market share. At 10:30 am on January 3, IGL shares were trading 2.5% higher at Rs 437…

03 Jan

Guwahati tops as India’s fastest growing tourist destination

editorTravel

According to a worldwide travel agency's rating list, Guwahati has reportedly emerged as the fastest-growing foreign travel destination in India. Guwahati's blend of natural beauty, cultural legacy, and contemporary conveniences has garnered international attention making travellers flock the Northeastern state in 2024. As per reports, improved air and road connectivity have also contributed to the city's increased popularity, as have tourist attractions including Kaziranga National Park, Brahmaputra river cruises, and neighboring animal sanctuaries. According to reports, the Hornbill Festival, Ziro Music Festival, and Shillong's Cherry Blossom Festival have all contributed to the Northeast's consistent tourism growth. Onal location among Indian…

03 Jan

Capital Small Finance Bank’s total deposits inflation 12% to ₹8,384 crore in Q3

editorBusiness, News

Capital Small Finance Bank Limited (CSFB) has recorded a 12% year-on-year (YoY) growth in total deposits for the quarter ended December 31, 2024, reaching ₹8,384 crore. This growth is also accompanied by significant progress in loan disbursements, improved asset quality and strong liquidity metrics. Loan advances up 19.2%: The Bank's gross advances reached ₹6,816 crore, registering a growth of 19.2% year-on-year (YoY). Around 99.8% of the portfolio remains secured. Asset quality remains strong: CSFB demonstrated improved asset quality, with the gross non-performing asset (NPA) ratio declining to 2.67% from 2.97% in the same quarter last year. Deposits grew to ₹8,384…

02 Jan

Eicher Motors shares upgrad over 6% as the company reported a 25% rise in motorcycle sales in Decembe

editorBusiness, News

Shares of Royal Enfield maker Eicher Motors rose over 6% on January 2 after the company reported a 25% rise in motorcycle sales in December. In a stock exchange filing, the company said its total motorcycle sales rose 25% to 79,466 units in December as against 63,387 units in the same period a year ago. The company's international business also performed better, rising 90% to 11,575 units. At 11:50 am on January 2, Eicher Motors shares were trading over 6% higher at Rs 5,199.5 per share. The stock has a market capitalisation of Rs 1.43 lakh crore. B Govindarajan, CEO,…

31 Dec

RVNL shares gain 8% on bagging two projects worth Rs 541 crore

editorBusiness, News

Shares of Rail Vikas Nigam Limited rallied nearly eight per cent in the morning session on the last trading day of 2024. The railway firm was declared the lowest bidder for the two projects. As a result, RVNL shares snapped a nine-session losing streak. At 11.50 am, the stock was at Rs 427.4 on the NSE, up 4.7 percent from its previous session closing price. First, RVNL won a Rs 137-crore project from the Central Railway. RVNL has 24 months to complete the project. The railway firm will undertake design, supply, construction, testing and commissioning of 132/55 kV traction substations,…

30 Dec

Vodafone Idea shares expansion over 5% as government waives bank guarantees for previous spectrum auctions

editorBusiness, News

Vodafone Idea shares surged over 5 per cent on December 30 as government waives bank guarantees for previous spectrum auctions. At 11:10 am on December 30, Vodafone Idea shares were trading at Rs 7.88. The telecom firm has been exempted from providing bank guarantees of Rs 24,800 crore for spectrum auctions held before 2021 (2012, 2014, 2015, 2016). In a filing dated December 28, the company termed the government reform as a "major relief for telcos". The company said that prior to this reform, the company was required to provide bank guarantees totalling Rs 24,800 crore for each spectrum instalment…

28 Dec

Jersey Electricity reports 8.5% revenue increases in 2024

editorBusiness, News

JERSEY - Jersey Electricity plc has announced its financial results for the year ended September 30, 2024, reporting an 8.5% increase in revenue to £135.7 million. The company, which has been a major player in the island's energy sector for a century, recorded a profit before tax of £15.1 million, a slight improvement on the previous year's £14.9 million. The Board recommended a final dividend of 12.00p per share for the year, an increase of 5.3% from the 2023 dividend. This, combined with the interim dividend, brings the total dividend for the year to 19.80p per share. The final dividend…

27 Dec

Aluminium futures prices jump due to fresh deals

editorBusiness, News

New Delhi, December 27: Aluminium prices rose by 25 paise to Rs 241.65 per kg in the futures market on Friday due to fresh deals by speculators amid positive trend in the spot market. The price of aluminium contract for January delivery rose by 25 paise or 0.1 per cent to Rs 241.65 per kg in Multi Commodity Exchange in which 3,245 lots were traded. Analysts said that fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.