Purbalee Dutta - The Purbottar

19 Dec

Sensex jumps nearly 600 points!

Purbalee DuttaBusiness

The Indian stock market saw strong buying interest on Friday, December 19, despite the Bank of Japan (BoJ) raising interest rates and hinting at further hikes. The Sensex surged nearly 600 points, reaching an intraday high of 85,067, while the Nifty reclaimed 25,991. Broad-based gains were seen across sectors, with the BSE Midcap and Smallcap indices rising by over 0.5%. This buying momentum increased the overall market capitalization of BSE-listed firms to ₹470 lakh crore, up from ₹466 lakh crore in the previous session, adding ₹4 lakh crore in value. Several factors contributed to the market's rise: Stable Rupee –…

15 Dec

Corona Remedies IPO: GMP ahead of listing signals strong debut for shares

Purbalee DuttaBusiness

Corona Remedies is scheduled to make its stock market debut on Monday, December 15, 2025, with grey market trends pointing to a strong listing. The IPO attracted robust investor interest during its three-day subscription window, closing with an overall subscription of 137.04 times the shares available. Based in Gujarat, the pharmaceutical company focuses on developing and manufacturing products across key therapeutic segments such as women’s healthcare and cardio-diabetes. Ahead of the listing, market sentiment remains upbeat. As of Sunday, December 14, the grey market premium for the Corona Remedies IPO stood at ₹295 per share. With the upper issue price…

11 Dec

Insurance players expect travel insurance to find more takers after IndiGo fiasco

Purbalee DuttaBusiness

IndiGo’s large-scale flight cancellations last week have pushed travel insurance into the spotlight, as insurers report a noticeable rise in demand. Thousands of passengers were stranded nationwide after the airline failed to adjust its crew schedules to new fatigue-management norms, leading to ruined holidays, missed family events and disrupted medical appointments. Vivek Chaturvedi, CMO of Go Digit General Insurance, said uncertainty usually prompts travellers—who often ignore insurance—to reconsider. Events like mass cancellations, severe weather or peak-season delays encourage people to seek protection against unexpected disruptions. Industry experts note that only 7–8 out of every 100 domestic or international travellers currently…

10 Dec

Multi-storey commercial building gutted in Guwahati fire

Purbalee DuttaAssam

A major fire out at a multi-storey commercial building in the heart of Guwahati at the ABC area in the wee hours of Wednesday.Offices of State Bank of India and a popular apparel outlet called Sohum Emporia suffered extensive damage as the blaze rapidly engulfed all six floors of the building within minutes.However, there hasn't been any report of human casualty so far.Preliminary assessments indicate that cash, documents and property worth crores may have been lost in the incident.Several fire tenders were pressed into action, which took about hours to douse the flames.The cause of the fire is yet to…

10 Dec

Ambassador of Norway calls on Assam Health Minister

Purbalee DuttaAssam

Ambassador of Norway to India, Ms. May-Elin Stener, met Assam’s Minister for Health & Family Welfare and Irrigation, Ashok Singhal, at his office in the Assam Secretariat today and held discussions on a range of issues of mutual interest.During the meeting, the Ambassador showed keen interest in Assam’s diverse facets, interacting with the Minister on the state’s rich natural heritage, culture and its ongoing development journey. The Minister presented an overview of Assam’s potential, including its strides in sustainable development and public welfare initiatives.Both sides discussed strengthening mutual cooperation, with a special focus on women’s wellbeing, health systems strengthening and…

10 Dec

Assam Govt ‘Blatantly’ Violating Financial Rules, Alleges Cong

Purbalee DuttaLatest

Former Rajya Sabha MP and senior Congress leader Ripun Bora on Tuesday accused the Assam government of “blatantly violating” financial rules in its capital expenditure.Addressing a media conference at Rajiv Bhawan in Guwahati, Bora said after examining the accounts of the latest financial year, the Comptroller and Auditor General (CAG) in its report mentions that while loans are meant for productive work — “loan for investment, not for consumption”, the Assam government has taken loans and used them for consumption-oriented activities, particularly in distributing beneficiary schemes.He flagged serious lapses and irregularities in the state’s financial management, while claiming that the…

10 Dec

Sonu Nigam to Kick Off ‘Deewana Tera Tour’ in Guwahati on December 14

Purbalee DuttaBollywood

India’s acclaimed music icon Sonu Nigam will open his Deewana Tera Tour in Guwahati on 14 December 2025, marking his first-ever solo live concert in the city. Although he has performed across India and around the world for years, his only previous appearance in Guwahati was at an awards ceremony, the same event where he last shared the stage with the legendary artist, Late Zubeen Garg, a moment he continues to hold close. In a recent interaction, Sonu Nigam shared that the decision to begin the tour in Guwahati is deeply personal. The city remains tied to his memories of…

09 Dec

The operator of India’s largest airline sees shares tumble after thousands of cancelations

Purbalee DuttaBreaking News

InterGlobe Aviation, the parent company of IndiGo, saw its shares drop over 8% on Monday as the airline struggled with widespread flight cancellations. IndiGo, which normally operates more than 2,300 daily flights, managed to fly only 706 on Friday after new pilot rest-time rules triggered major disruptions. By Sunday, it had restored operations to 1,650 flights and said it expected its network to stabilise by Wednesday. Civil Aviation Minister Ram Mohan Naidu announced an investigation into the disruptions, warning the airline of strict action for any non-compliance. Passengers have faced significant difficulties. Chirag Shah, travelling from Abu Dhabi to Mumbai,…

08 Dec

IndiGo mass cancellations continue for 7th day

Purbalee DuttaBreaking News

IndiGo’s operational crisis continued for a seventh straight day on December 8, with the airline cancelling more than 250 flights across major airports. According to reports, 251 flights were grounded at Delhi and Bengaluru alone. Delhi airport saw 134 cancellations — 75 departures and 59 arrivals — while Bengaluru’s Kempegowda International Airport recorded 127 cancellations, affecting 65 arrivals and 62 departures. Additional disruptions were reported nationwide: five flights were cancelled in Thiruvananthapuram, eighteen in Ahmedabad, and seventy-seven in Hyderabad. Jaipur airport also faced multiple IndiGo cancellations, though authorities said passenger movement remained calm. However, travellers were left waiting for updates…

06 Dec

Biocon to leverage global USP with biologics merger

Purbalee DuttaBreaking News

Biocon, the Bengaluru-based biopharmaceutical company, has announced that it will fully merge Biocon Biologics Ltd (BBL) into Biocon Ltd, making BBL a wholly owned subsidiary. Founder and executive chairperson Kiran Mazumdar-Shaw described the move as value-enhancing for investors and said the unified organisation will be better equipped to meet patients’ needs, particularly in diabetes care. Explaining the rationale, she noted that markets had consistently undervalued both entities, partly due to BBL’s earlier debt load, which would have hindered a successful IPO. She highlighted that BBL’s debt-to-EBITDA ratio has fallen from 4.3 in 2020 to 2.5 now, and is expected to…