editor - The Purbottar

05 Dec

Funding by MFs to NBFCs gain nearly 47% to Rs 2.33 trillion in October 2024

editorBusiness, News

Funding raised by non-banking financial companies (NBFCs) from mutual funds (MFs) grew nearly 47 percent year-on-year (Y-o-Y) to Rs 2.33 trillion in October 2024. Sequentially, funding support by MFs to NBFCs increased by 0.3 percent compared to September, according to CARE Ratings. Mutual funds (MFs) credit exposure to NBFCs, which includes commercial paper (CP) and corporate debt, has remained above Rs two trillion for more than half a year now. Moreover, CP has remained above the one trillion mark for almost a year, currently at Rs 1.22 trillion. Banks' credit exposure to NBFCs stood at Rs 15.4 trillion in October…

04 Dec

Tata Power shares upgrade 4%, brokerages retain ‘buy’ rating after Q2 results

editorBusiness, News

Shares of Tata Power surged over 4 percent following the release of its Q2FY25 results, with several brokerages reaffirming their 'buy' ratings.Elara Securities said 'buy' while raising its target price on the stock from Rs 463 to Rs 518 and upgrading its rating from 'accumulate'.Other brokerages including Motilal Oswal Financial Services, JM Financial and Nomura also retained their 'buy' ratings.Morgan Stanley also expressed optimism and maintained an 'highweight' rating on Tata Power and set a higher target price of Rs 577.In contrast, Nuvama expressed a cautious outlook citing high valuations and retained its 'reduce' rating on the stock. Similarly, Jefferies…

03 Dec

Guwahati Police recovers Rs 90,837 in digital arrest scam case

editorAssam

The victim of a clever "digital arrest" scam has had Rs 90,837 returned to their account by a squad from the Guwahati Cyber Police Station. Previously, the victim had lost an incredible Rs 48,40,844 due to the bogus scheme. The scam, which is well-known for its complex strategies, tricks people into thinking the government is investigating them and demands money in the name of settling purported legal disputes. Cybercriminals who pose as law enforcement officers and trick victims into thinking they have committed a major crime and are required to remain visible online until their demands are fulfilled to extort…

03 Dec

Tata Motors total sales jump marginally to 74,753 units in November

editorBusiness, News

Tata Motors Limited on Sunday said total sales in November rose marginally to 74,753 units as against 74,172 units in the same month last year. Tata Motors said in a statement that total domestic sales last month rose 1 per cent to 73,246 units as against 72,647 units in November 2023. The company said total passenger vehicle (PV) sales, including EVs, stood at 47,117 units as against 46,143 units in the same month a year ago, up 2 per cent. Similarly, domestic PV sales, including EVs, rose 2 per cent to 47,063 units as against 46,068 units in November 2023.…

02 Dec

Maruti Suzuki sales increase 10% in November; Hyundai sales fall 7%, Tata Motors sales rise marginally

editorBusiness, News

Maruti Suzuki India on Sunday reported that its total sales in November grew 10 percent year-on-year to 1,81,531 units. The automaker had dispatched 1,64,439 units to its dealers in November last year. Total domestic passenger vehicle wholesales stood at 1,41,312 units as against 1,34,158 units in the same month a year ago, a growth of 5 percent. Sales of mini segment cars, including Alto and S-Presso, stood at 9,750 units as against 9,959 units in November 2023. Sales of compact cars including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR declined to 61,373 units as against 64,679 units in…

29 Nov

Sikkim begins final expedition to assess high-risk glacier areas

editorSikkim

In order to evaluate high-risk glacial lakes in the high-altitude regions of the province, the Sikkim government embarked on its last expedition of the year. The goal of the fourth expedition is to address climate-induced threats by developing viable glacier flood prevention methods. According to the statement, the expedition team will conduct a lake discharge investigation, subsurface geophysical study, topographical mapping, debri deposition analysis, and flood level observations between November 27 and December 5. A thorough evaluation of a number of high-risk lakes was finished on previous missions. Photographs, water level data, and daily meteorological data are now being provided…

29 Nov

NTPC Green shares upgrade on solar project news

editorBusiness, News

Shares of recently listed NTPC Green Energy gained 4% during today's session to hit Rs 127.55 on the BSE after the company announced successful commissioning of the first phase of the 105 MW Shajapur Solar Project having a capacity of 55 MW. In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, after successful commissioning, NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, has announced the first tranche capacity of 55 MW out of the 105 MW Shajapur Solar Project (Unit-I) at Shajapur, Madhya…

28 Nov

Centre reports 312% increase in fake ₹500 notes, 166% rise in ₹2,000 notes over past 5 years

editorNews

New Delhi:The Centre has reported a huge increase in the number of counterfeit notes over the past five years. The number of fake ₹500 notes has risen by 312%, while the number of fake ₹2,000 notes has increased by 166%, according to figures from the Ministry of Finance. This information was provided by Minister of State for Finance Pankaj Chaudhary in response to a question from DMK MP T M Selvaganapathy. However, the Centre also reported a 15% decrease in fake ₹500 notes in the 2024 fiscal year. The number of counterfeit ₹500 notes had increased by 102% in the…

28 Nov

Preparations for the Bala Chaturdashi Fair have been made under the chairmanship of MLA Loknath Sharma

editorSikkim

In preparation for the forthcoming Bala Chaturdashi Fair and Puja 2024, Regional MLA Loknath Sharma presided over a coordination meeting on Wednesday night. It is anticipated that the festival will carry on its heritage of grandeur and spiritual significance at the Legship market venues in West and South Sikkim. Senior residents, local Panditjan, members of the fair and puja organizing team, and other interested parties attended the meeting. The main topic of discussion was how to make sure the puja and related events were conducted legally and smoothly. Renowned for his active participation in community affairs, MLA Sharma stressed the…

28 Nov

Assam government to recruit 9,000 teachers and waive fees for BPL students

editorAssam

At Janata Bhawan on Wednesday, Education Minister Dr. Ranoj Pegu unveiled a number of programs and initiatives focused on development. Key issues in the education sector, such as the lack of teachers, access to high-quality education, and the creation of digital learning materials, are the focus of the efforts. The hiring of 9,000 new instructors with an emphasis on local language competency was one of the major announcements. Dr. Pegu emphasized that all posts will be filled regularly rather than through contractual employment, and that these appointments will address the reported teacher shortages in various schools. The Shiksha Setu app…