nanika Editor - The Purbottar

16 Mar

Axis Securities bullish on Federal Bank, sets ₹290 target price

nanika EditorBusiness

Brokerage firm Axis Securities has retained a ‘Buy’ rating on Federal Bank, citing improving net interest margins (NIM), stable asset quality, and signs of revival in growth momentum. The brokerage has set a target price of ₹290 per share, indicating a potential upside of about 10 per cent from the stock’s closing price of ₹263 on March 13.Analysts noted that the bank’s Q3 performance showed a recovery after a relatively muted first half of the financial year. The outlook for growth remains encouraging as the bank continues to focus on mid-yield lending segments and improving its deposit mix.Axis Securities expects…

14 Mar

New Aadhaar Centre to Simplify Enrolment and Biometric Updates

nanika EditorNational

Unique Identification Authority of India (UIDAI) Chief Executive Officer Bhuvnesh Kumar on Friday inaugurated a new Aadhaar Seva Kendra at Bank Tinali in Itanagar, aimed at improving access to Aadhaar-related services for residents. Following the inauguration, Kumar inspected the facilities and reviewed the functioning of the centre. During his visit, he interacted with staff members and urged them to provide services to the public with dedication and efficiency.Speaking to the media, Kumar said the UIDAI-authorised centre will be operated by BLS International Services Ltd, a Delhi-based outsourcing firm. The company had secured a ₹2,055.35 crore contract from UIDAI last year…

12 Mar

Iran War Impact Reaches India: LPG Shortage Hits Restaurants, Kitchens Across Cities

nanika EditorLatest

Supply disruption through Strait of Hormuz squeezes cooking-gas availability; eateries cut menus, some shut operationsThe ongoing conflict involving Iran is beginning to affect everyday life in India, with cooking-gas supplies tightening across several cities. Disruptions in energy shipments through the Strait of Hormuz following strikes by United States and Israel have started to impact the availability of liquefied petroleum gas (LPG) in the country.Reports suggest that restaurants and commercial kitchens are among the worst affected. Several eateries have been forced to cut down their menus, reduce operating hours or temporarily shut down due to shortages of commercial LPG cylinders.According to…

09 Mar

North Sikkim tourism reopens: Permits for Lachen, Gurudongmar Lake issued again

nanika EditorSikkim

Tourism to popular destinations in North Sikkim, including Lachen and Gurudongmar Lake, has officially resumed as the district administration began issuing travel permits from March 9. The decision was announced by the administration of Mangan District in coordination with the Tourism Department.According to Mangan District Collector Anant Jain, tourists can now obtain permits for travel to Lachen and nearby areas from Monday. The permits will be issued through the district collectorate in Mangan as well as through authorized travel operators, following government guidelines.The issuance of tourist permits to these destinations had been suspended since 2023 after a glacial lake outburst…

07 Mar

Cooking Gas Prices Hiked: Domestic LPG Cylinder Cost Rises by ₹60

nanika EditorLatest

Cooking gas prices have increased across the country, adding pressure on household budgets. The price of domestic LPG cylinders has been raised by ₹60 in one go. With the latest revision, the price of a 14.2 kg LPG cylinder has gone up from ₹879 to ₹939. Not only domestic cylinders, but the price of commercial LPG cylinders has also increased. The cost of a 19 kg commercial cylinder has been raised by ₹114.50. Earlier priced at ₹1,875.50, the new price now stands at ₹1,990 per cylinder.It may be recalled that on March 1, the price of commercial LPG cylinders had…

06 Mar

West Asia Emerges as Key Market for Asian Cars Amid Global Trade Tensions

nanika EditorInternational

New Delhi, March 6: India and China remain among the largest exporters of automobiles to West Asia, shipping vehicles worth billions of dollars each year to the region. However, the ongoing US-Israel conflict with Iran has raised concerns about potential disruptions to this crucial trade route.The conflict, which entered its seventh day on Friday, has heightened tensions around the Strait of Hormuz, a key maritime corridor through which a significant portion of Asia’s vehicle exports to West Asia are transported. Shipping activity along the route has slowed amid fears of possible attacks.For China, West Asia is the second-largest overseas market…

05 Mar

Gas Supply Disruptions Push Adani Total Gas to Hike Industrial Rates

nanika EditorBusiness

Adani Total Gas Limited (ATGL) has significantly increased gas prices for industrial customers, citing reduced availability of gas due to the ongoing conflict in West Asia. The decision was communicated to clients through a notice seen by Reuters.ATGL is a joint venture between the Adani Group and French energy major TotalEnergies.The price hike comes after escalating tensions in the region disrupted energy supply routes. Recent attacks on Iran and retaliatory strikes from Tehran have affected shipping movements through the Strait of Hormuz, a key global energy corridor between Iran and Oman. The route carries nearly one-fifth of the world’s oil…

03 Mar

West Asia Conflict Disrupts Air Travel: 10 Flights Cancelled at Kolkata Airport

nanika EditorEconomy

Operations at Netaji Subhas Chandra Bose International Airport were disrupted on Tuesday as at least 10 international flights were cancelled amid the escalating conflict in West Asia. Airport officials confirmed that five departures and five arrivals were called off, causing inconvenience to several passengers.Major West Asian carriers, including Emirates, Qatar Airways, Etihad Airways, and Air Arabia, suspended services connecting Kolkata with key transit hubs such as Dubai, Doha, and Abu Dhabi.Emirates cancelled two arrival and two departure flights on the Dubai route. Qatar Airways suspended one arrival and one departure service to Doha. Etihad Airways called off one incoming and…

28 Feb

India’s FY27 Growth Outlook Raised to 7–7.4% After New GDP Series Revision: CEA

nanika EditorEconomy

India’s economic growth outlook for 2026-27 has been revised upward to 7–7.4% following the release of a new GDP series by the Ministry of Statistics and Programme Implementation (MoSPI), Chief Economic Advisor (CEA) V. Anantha Nageswaran said.The revision comes after the new GDP base year and methodological changes indicated stronger underlying growth momentum. Under the updated series, growth for 2025-26 is now estimated at 7.6%, 20 basis points higher than the earlier projection of 7.4% under the 2011-12 base year.Speaking after the data release, Nageswaran said the government had earlier projected a growth range of 6.8–7.2% for FY27 in the…

27 Feb

Bombardier Eyes Long-Term Growth in India’s Expanding Aviation Market

nanika EditorEconomy

Canadian aircraft manufacturer Bombardier sees strong long-term potential to expand its business jet sales in India as the country accelerates investments in aviation infrastructure, the company’s chief executive officer Eric Martel has said.Speaking in Montreal, Martel highlighted that nearly 60 Bombardier business jets are currently operating in India. However, he noted that limited aviation infrastructure has been a key challenge for further expansion. With the Indian government now investing heavily in airport development, the outlook appears increasingly positive.“They are building a dozen airports, and possibly more,” Martel said, pointing to ongoing infrastructure upgrades across the country. He added that sustained…