Purbalee Dutta

109 Posts
Rupee bounces back on RBI intervention
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…
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Swiggy Partners Utilize In-App Feature for Dignified Sanitation, Record 60,000 Searches
20 Nov

Swiggy Partners Utilize In-App Feature for Dignified Sanitation, Record 60,000 Searches

Purbalee DuttaBusiness
Swiggy has highlighted the success of its partnership with Sulabh International and its in-app feature that allows delivery partners to easily locate nearby Sulabh sanitation facilities across 7 key cities in the country, underscoring the company’s commitment to providing dignified sanitation support on the road. In March 2025, Swiggy partnered with Sulabh International to provide free access to Sulabh Shauchalayas (public toilets) for its delivery partners in Delhi NCR, Mumbai, Thane, Pune, Hyderabad, Bengaluru, and Chennai, discoverable through an in-app feature. This initiative is a tangible step towards providing dignified sanitation options for its delivery personnel and enhancing the overall…
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Multibagger stock in making?
19 Nov

Multibagger stock in making?

Purbalee DuttaBreaking News
Billionbrains Garage Ventures, the parent of online brokerage Groww, continues to ride a strong bullish trend, with the stock rising for the fifth straight session since listing last week. Groww jumped another 11% to ₹193.91, taking IPO investors’ gains to nearly 94%. The stock had already ended its debut day with about 31% upside over the issue price. On November 17, Groww rallied 20%, pushing its market capitalisation past ₹1 lakh crore — a milestone achieved by only about 100 of nearly 5,000 listed companies in India. However, analysts are beginning to question whether this sharp upmove is sustainable. Groww’s…
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Bitcoin hits seven-month low!
18 Nov

Bitcoin hits seven-month low!

Purbalee DuttaBreaking News
Bitcoin, the world’s largest cryptocurrency, has come under renewed pressure, slipping below $90,000 on November 18 for the first time in seven months. This steep decline has reignited debate over whether the drop is simply a temporary correction or the early phase of a new four-year cycle that could lead to a deeper, prolonged downturn. The token has erased all its 2025 gains and is now nearly 30% lower than its October peak of more than $126,000, falling around 2% to $89,953 during afternoon trading in Asia. Analysts point to growing uncertainty over potential US rate cuts and weakness across…
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Nomura likely probes India bond desk amid doubts over inflated profits
17 Nov

Nomura likely probes India bond desk amid doubts over inflated profits

Purbalee DuttaBreaking News
Nomura Holdings, a major global investment bank, is reviewing its India fixed-income business amid concerns that profits reported by its rates division may have been overstated in recent years. According to a Bloomberg report, the bank’s compliance team is examining how trades involving Strips were being valued. What Are Strips?Strips, or Separate Trading of Registered Interest and Principal of Securities, are created when a bond’s principal and interest payments are split and traded separately. Investors can buy these components individually instead of as a single security. Why They Matter in Accounting:The investigation is focused on whether traders marked their positions…
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Tata Motors can look at multiple synergies with Iveco
15 Nov

Tata Motors can look at multiple synergies with Iveco

Purbalee DuttaCover Stories
Tata Motors released its first quarterly results after Tata Capital’s listing, with profits hit by a ₹2,026-crore mark-to-market loss, resulting in a ₹552-crore operating loss and a net loss of ₹868 crore. Without this impact, profit before tax would have been ₹1,474 crore. Managing director and CEO Girish Wagh discussed the benefits of separating the commercial and passenger vehicle businesses, while also sharing progress on acquiring Italy’s Iveco. He said the recent GST cut has boosted road freight movement, which should drive higher single-digit demand growth in the second half of the year. On Iveco, Tata Motors sees opportunities to…
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Mahindra & Mahindra, Manulife form 50:50 life insurance joint venture 
13 Nov

Mahindra & Mahindra, Manulife form 50:50 life insurance joint venture 

Purbalee DuttaIndia
Mahindra & Mahindra Ltd. (M&M) announced on Thursday that its board has approved forming a 50:50 life insurance joint venture with Canada’s Manulife Financial Corporation, subject to regulatory clearances. Under the agreement, both companies will hold equal stakes in the new entity. The partnership aims to strengthen their presence in India’s growing financial sector and enhance customer financial wellbeing. This marks an expansion of their existing collaboration, which began with the launch of Mahindra Manulife Investment Management in 2020. Each partner has committed capital of up to ₹3,600 crore ($400 million) over ten years, with an expected initial investment of…
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Tenneco Clean Air IPO Day 1!
12 Nov

Tenneco Clean Air IPO Day 1!

Purbalee DuttaBreaking News
Tenneco Clean Air India Ltd, a subsidiary of the US-based Tenneco Group, opened its initial public offering (IPO) for subscription on November 12, which will close on November 14. The IPO price band has been fixed between ₹378 and ₹397 per share. In the grey market, the issue is commanding a premium of ₹61, suggesting an estimated listing price of around ₹458 per share—about 15.4% higher than the upper price band. Ahead of the launch, the company raised ₹1,080 crore from anchor investors, with participation from 58 major institutions, including SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential, Nomura, BlackRock,…
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Bajaj Finance shares fall 8%
11 Nov

Bajaj Finance shares fall 8%

Purbalee DuttaBreaking News
Shares of Bajaj Finance Ltd., one of India’s leading non-bank lenders, tumbled up to 8% on Tuesday, November 11, after the company reported its September quarter results post-market hours on Monday. The management reduced its full-year Assets Under Management (AUM) growth forecast to 22–23% from the earlier 24–25%, citing slower growth in mortgage and SME segments. SME growth is now expected at 10–12%, with MSME performance likely to bottom out in the first quarter of FY26. Credit costs are projected to stay at the upper end of the 1.85–1.95% range before improving next year, prompting a 25% cut in unsecured…
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Groww IPO allotment in focus today!
10 Nov

Groww IPO allotment in focus today!

Purbalee DuttaFeatured
The share allotment for the Groww IPO will be finalised today, Monday, November 10. Investors can check their allotment status on the registrar’s website, MUFG Intime India Private Ltd (formerly Link Intime India). The IPO was open for subscription from November 4 to November 7. Groww’s grey market premium (GMP) stands at ₹4, suggesting an estimated listing price of around ₹104 per share, about 4% above the issue price of ₹100. However, analysts note that the GMP has been declining over the past 13 sessions, fluctuating between ₹4 and ₹16.70. The IPO was subscribed 17.6 times on the final day,…
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