Purbalee Dutta - The Purbottar

04 Dec

Andhra Allots 480 Acres For Adani-Google AI Data Centre In Visakhapatnam

Purbalee DuttaFeatured

The Andhra Pradesh government has approved the allocation of 480 acres of land across Visakhapatnam and Anakapalli districts to Adani Infra (India) Pvt Ltd, designated as the “primary notified partner” of Raiden Infotech India, a Google company, for establishing 1 GW AI Data Centres in the state. Earlier, Raiden had identified several entities—including Adani Infra (India) Pvt Ltd, AdaniConneX India Pvt Ltd, Adani Power India Pvt Ltd, Bharti Airtel Ltd, Nxtra Data Ltd, and Nxtra Vizag Limited—as its notified partners for the project. Raiden specifically requested that all three land parcels identified by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC)…

03 Dec

Meesho faces major investor protest a day before IPO opens!

Purbalee DuttaBusiness

Meesho Ltd. encountered a significant setback just a day before its IPO, as several major investors withdrew from its anchor placement over what they saw as preferential treatment toward SBI Funds Management Pvt. Ltd. Sources told Bloomberg News that the company allocated roughly one-fourth of its anchor book to SBI Funds, prompting objections from other prominent asset managers. Firms such as Capital Group, Aberdeen Group, Norges Bank Investment Management, ICICI Prudential AMC, Nippon India Life AMC, and Nomura Asset Management reportedly sought allotments comparable to SBI Funds and chose to exit in protest when that did not happen. Despite these…

02 Dec

‘If you don’t want Sanchar Saathi, you can delete it’: Minister on govt’s mobile tracking app

Purbalee DuttaBusiness

Communications minister Jyotiraditya Scindia has clarified that the government-mandated Sanchar Saathi app can be removed by users. His remarks came a day after the Centre’s order to pre-install the app on all smartphones triggered a wave of privacy concerns. Speaking to ANI on December 2, Scindia said, “If you don’t want Sanchar Saathi, you can delete it. It is optional,” adding that the government’s responsibility is only to introduce the app, not force people to retain it. The app is promoted as a tool to verify the authenticity of devices and help trace lost phones. However, privacy advocates and Opposition…

02 Dec

At WorldSkills Asia Competition 2025, India finishes strong, secures 8th rank in its first-ever participation

Purbalee DuttaNorth East

India achieved a major milestone on the global skills map by securing the 8th position in its first-ever appearance at the WorldSkills Asia Competition (WSAC) 2025 held in Chinese Taipei. Competing against 28 other nations, the Indian contingent demonstrated strong discipline and innovation across 21 skill categories. Led by the Ministry of Skill Development and Entrepreneurship (MSDE), the team included 23 competitors and 21 experts, backed by NSDC and technical partners. India bagged one Silver, two Bronze medals and three Medallions for Excellence. Muskan won Silver in Painting & Decorating, while Komal Panda earned Bronze in Industrial Design Technology. In…

29 Nov

Q2 GDP growth surprises at 8.2%

Purbalee DuttaBreaking News

India’s economy delivered an unexpected boost in the July–September quarter, clocking 8.2% growth—its fastest in six quarters—according to data from the statistics ministry. The figure surpassed both the RBI’s 7% estimate and the Mint poll forecast of 7.2%. Although economists attributed part of the rise to record-low inflation, the strong reading has reduced the likelihood of an RBI rate cut in December. Bond markets reacted quickly, with the benchmark 10-year yield rising to 6.5463%. The latest growth number compares favourably with last year’s 5.6% and the previous quarter’s 7.8%. Chief economic advisor V. Anantha Nageswaran noted that full-year growth should…

28 Nov

Meesho IPO!

Purbalee DuttaBreaking News, Featured

Meesho’s early investors and founders are set for massive gains after the company fixed its IPO price band at ₹105–111 per share, valuing the e-commerce platform at around ₹50,095 crore (basic share count) at the upper end. Moneycontrol had earlier reported that the Flipkart- and Amazon-rival was eyeing a post-money valuation of nearly ₹52,500 crore on a fully diluted basis. Co-founders Vidit Aatrey and Sanjeev Kumar, who jointly own over 18.5 percent of Meesho, stand to benefit significantly. Aatrey holds 47.25 crore shares (11.1 percent), acquired at just ₹0.06 apiece. His stake is now worth ₹5,245 crore—an increase of over…

27 Nov

Mahindra XEV 9S Vs Kia Carens Clavis EV

Purbalee DuttaBusiness

Mahindra has introduced its new all-electric, seven-seat SUV, the XEV 9S, offered in six variants starting at ₹19.95 lakh (ex-showroom). With its launch, the model directly competes with the Kia Carens Clavis EV. Here’s a simplified comparison of the two three-row electric SUVs. Battery and Performance:The Mahindra XEV 9S is available with three battery packs—59 kWh, 70 kWh and 79 kWh—producing peak power outputs of 170 kW, 180 kW and 210 kW respectively. The Kia Carens Clavis EV offers two battery choices: 42 kWh and 51.4 kWh, paired with motors delivering 99 kW and 126 kW, along with 255 Nm…

26 Nov

Tata Sierra 2025 Smart+ base variant at Rs 11.49 lakh!

Purbalee DuttaNorth East

Tata Motors has introduced the Tata Sierra 2025 at an initial price of ₹11.49 lakh (ex-showroom). At present, the company has revealed pricing only for the base Smart+ variant of this new 5-seater SUV, with the full price list for all trims to be released next month. The Sierra 2025 will be offered in seven variants — Smart+, Pure, Pure+, Adventure, Adventure+, Accomplished and Accomplished+. Here’s what the Smart+ trim provides at its entry-level price. SpecificationsThe Smart+ variant can be equipped with either a 1.5-litre Revotron naturally aspirated petrol engine producing 106PS and 145Nm, or a 1.5-litre Kryojet diesel engine…

25 Nov

USD vs INR: Why is rupee nosediving?

Purbalee DuttaBreaking News

The Indian rupee recovered slightly on Monday after a steep fall on Friday, supported by strong intervention from the Reserve Bank of India to curb volatility. The currency traded at 89.16 per U.S. dollar on November 24, gaining 0.35% in a day after briefly touching a record low of 89.48 last week, close to the key 90-per-dollar mark. Reports suggest the RBI sold dollars in both the order-matching system and the non-deliverable forward market to stabilize sentiment. The rupee had slipped past 88.80 on Friday—a level market participants believe the RBI had been protecting for some time—renewing downward pressure that…

24 Nov

Rupee bounces back on RBI intervention

Purbalee DuttaBreaking News

The Indian rupee strengthened on Monday, recovering from Friday’s record low, helped largely by what traders believe was early intervention from the Reserve Bank of India. By 10:20 a.m. IST, the rupee was trading at 89.1625 per dollar, up 0.3 percent from its previous close, after having fallen to an unprecedented 89.49 on Friday. According to traders, the RBI likely stepped in before domestic markets opened, enabling the currency to pull back from its steep decline. The sharp fall late last week surprised markets, especially after the central bank stopped defending the 88.80 level, a threshold it had protected for…