editor - The Purbottar

27 Nov

Bank of India completes Rs 5,000 crore bond sale, stocks expansion

editorBusiness, News

Bank of India stock closed 3.48% higher at Rs 111.90 on the BSE. The bank's market cap stood at Rs 50,762 crore. Bank of India shares surged after the lender said it has issued long term bonds (infrastructure) worth Rs 5,000 crore on a private placement basis. Bank of India stock closed 3.48% higher at Rs 111.90 on the BSE. The bank's market cap stood at Rs 50,762 crore. A total of 4.87 lakh shares were traded on the BSE, generating a turnover of Rs 5.33 crore. The stock is neither trading in the overbought nor in the oversold zone,…

26 Nov

Swiggy shares upgrade 6% after UBS initiates coverage, analysts expect up to 26% surge

editorBusiness, News

Shares of Swiggy Ltd, a leading player in food delivery and instant commerce, jumped 6 per cent to Rs 456 in morning trade on November 26, after UBS initiated coverage with a 'buy' rating. The brokerage highlighted Swiggy's strong growth prospects and set a target price of Rs 515, implying a potential upside of about 27 per cent from current levels. UBS pointed out that Swiggy is well positioned for growth, currently trading at a 35 per cent discount to Zomato.The stock rose 6.2 per cent to Rs 458 compared to its previous close of Rs 431.25 on the BSE,…

26 Nov

Sikkim Chief Minister Prem Singh Tamang extends warm greetings on Constitution Day

editorSikkim

On the occasion of Constitution Day, November 26, Sikkim Chief Minister Prem Singh Tamang greeted the people of Sikkim and the country. CM Tamang stressed in his message the significance of respecting the visionary work of the people who drafted India's Constitution, which has influenced the country's democratic system. On this momentous day, CM Tamang called on the populace to come together and honor the Constituent Assembly members' extraordinary vision and unwavering commitment, whose combined efforts established the groundwork for India's democratic culture. Additionally, he honored Dr. B.R. Ambedkar, Bharat Ratna, whose guidance and contributions to the field were crucial…

25 Nov

NTPC shares increase 3% on Bernstein’s ‘outperform’ call; sees 20% rally

editorBusiness, News

NTPC shares rose 3 per cent in morning trade on November 25 to hit Rs 377, continuing its gains for the second consecutive trading session after Bernstein maintained an 'outperform' rating on the company and raised the target price.With a target price of Rs 440, the international brokerage forecasts a 20.5 per cent upside from current market levels, citing strong power demand, lack of evening hours and the company's debt-cost advantage as key drivers.While analysts do not see any significant upside beyond these factors, they are also not expecting downside risk. NTPC shares are currently valued at 16 times FY25…

25 Nov

Sikkim CM Tamang, Cabinet lead exhibition football match to boost sports culture in state

editorSikkim

On November 24, Sikkim Chief Minister Prem Singh Tamang and his Cabinet of Ministers took part in an exhibition football game at Paljor Stadium, which featured a fierce encounter between the Darjeeling GTA XI and Tamang's Chief Minister XI. The friendly game demonstrated the chief minister's commitment to encouraging sports and a healthy lifestyle as well as teamwork and camaraderie. The Governor's Gold Cup Football Tournament, which will have its grand conclusion at the same location later today, included the event. In order to guarantee a competitive performance, Chief Minister Tamang said his side had prepared thoroughly for the game…

25 Nov

Assam: Mysterious disease is destroying potato crops in Sootea

editorAssam

South Sootea farmers are struggling with an unnamed disease that is spreading quickly and has decimated their potato crops, leaving fields bare and endangering their livelihoods. The farming community is in great anguish as a result of the unexplained disease's devastating effects, which have caused acres of potato fields to wilt and die. Farmers in the area have focused on growing a variety of vegetables, with potatoes serving as a main crop. Many people had great expectations for the potato crop this season, but this unexpected setback has dampened their spirits. According to reports, a similar outbreak was seen only…

23 Nov

Housing construction cost increase 39% in 4 years: Colliers

editorFeatured, News, Trending

New Delhi, Nov 23 (PTI) The average cost of construction of housing projects in big cities has risen 39 per cent to Rs 2,780 per sq ft in the last four years, while construction material and labour have become costlier, according to Colliers India. Data from real estate consultant Colliers India shows that the average construction cost for premium housing projects was Rs 2,000 per sq ft in October 2020. The construction cost rose to Rs 2,200 per sq ft in October 2021, Rs 2,300 per sq ft in October 2022, Rs 2,500 per sq ft in October 2023 and…

23 Nov

Sikkim’s Somgo Lake and Gnathang Valley receive first snowfall of the season

editorSikkim

The first snowfall of the season has once again turned Sikkim, which is known for its stunning vistas, into a winter paradise. New snowfall has enthralled both locals and tourists at the well-known tourist site Tsomgo Lake and the charming Gnathang Valley, which is renowned for its tranquil beauty. This new snowfall has increased the state's appeal and brought in a wave of visitors who are ready to enjoy winter activities and see the beautiful scenery. Authorities in the area have cautioned visitors to make sure they follow safety precautions while visiting and to prepare for the cold weather.

23 Nov

Curfew relaxed for 7 hours in four districts of Manipur

editorAssam

Manipur's curfew was temporarily loosened on Saturday, providing a seven-hour relief to citizens in four districts: Imphal East, Imphal West, Kakching, and Bishnupur. The District Magistrate announced that prohibition orders under Section 163 of the BNS were loosened from 5 am to 12 pm. However, the statement made it clear that "this relaxation shall not apply to any gathering, large-scale movement of persons, sit-in protests, rallies, etc., which are unlawful in nature." But as inhabitants hurried to stock up on necessities before the curfew was reinstated, the small break caused a spike in market activity. Prices have skyrocketed as a…

22 Nov

Oil prices rise, headed for weekly increase on Russia-Ukraine tensions

editorBusiness, News

Oil prices rose in Asian trade on Friday as traders placed a higher risk premium on crude oil amid growing concerns over Russia and Ukraine, capping a positive week. Supply disruptions in Norway and a brief drop in the dollar also supported oil prices early in the week, along with reports that the Organization of Petroleum Exporting Countries and allies (OPEC+) were likely to postpone planned production increases. The increased risk premium helped oil weather a bigger-than-expected rise in U.S. stockpiles. Brent oil futures for January expiration rose 0.4% to $74.54 a barrel, while West Texas Intermediate crude futures rose…