Purbalee Dutta

UK Prime Minister Sir Keir Starmer arrived at Mumbai’s Chhatrapati Shivaji Maharaj International Airport earlier today. He was welcomed by Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Ministers Eknath Shinde and Ajit Pawar, and Governor Acharya Devvrat. On a two-day official visit to India at the invitation of Prime Minister Narendra Modi, this marks Starmer’s first visit to the country as UK Prime Minister. Over the next two days, he will hold discussions with PM Modi and take part in multiple business-focused meetings. According to the Ministry of External Affairs, the visit builds on the progress made during PM Modi’s…

LG Electronics’ initial public offering (IPO) opens in the Indian primary market today and will remain available for subscription until October 9, 2025. This marks the second South Korean company, after Hyundai India, to launch an IPO in India. The IPO price band is set between ₹1,080 and ₹1,140 per equity share. The company plans to raise ₹11,607.01 crore through a complete offer for sale (OFS), and the shares will be listed on both BSE and NSE. LG Electronics IPO GMP Today:In the grey market, LG Electronics shares are trading at a ₹318 premium today, up ₹68 from Monday's ₹250.…

Hospital stocks surged up to 6% on October 6 after the Central Government Health Scheme (CGHS) announced a revision in rates for nearly 2,000 medical procedures, effective October 13, 2025. Fortis Healthcare, Apollo Hospitals, and Max Healthcare gained 7%, 2.3%, and 4.3%, respectively, with Max Healthcare emerging as the top Nifty 50 gainer. The Nifty Healthcare index rose 0.6%, while Narayana Hrudalaya and Yatharth Hospitals climbed 5% and 4%. Macquarie expects procedure rates in key areas like cardiology, oncology, neurology, and orthopedics to increase by 5–30%, potentially boosting EBITDA for Max and Apollo by mid-single digits. CGHS, which serves over…

Elon Musk has sparked backlash by responding with a “🤔” emoji to a controversial post that misrepresented British colonisation of India. The post falsely claimed there was “no such thing as colonisation,” arguing that just as Indians in England become English, the British in India became Indian—implying the British didn’t actually rule India. Musk’s emoji reply was widely criticised for appearing to support a distortion of historical facts, equating colonisation with cultural exchange or migration, while ignoring the oppression and exploitation India endured under British rule. Social media users quickly responded, pointing out the clear distinction between colonisation and immigration.…

Waaree Energies Ltd share price jumped over 3% on Friday after the company cleared capital expenditure plans of about Rs 8,175 crore to expand capacity across its energy storage, electrolyser, and inverter businesses. Shares of the company were trading at Rs 3,434.2 in the morning session on Tuesday, following the announcement. Additionally, the board approved an expansion of the electrolyser manufacturing plant from 300 MW to 1,000 MW annual production capacity, requiring a capex of about Rs 125 crore in Waaree Clean Energy Solutions Pvt Ltd. Waaree Energies stock touched a day’s high of Rs 3,469.00 and a low of Rs…

Zoho Corp's homegrown messaging app has exploded in popularity over the past week, with some thinking it can take on Meta-owned WhatsApp in the Indian market. According to users on various social media, Arattai provides E2EE for calls and videos, having to shift to “secret messages” for the feature in chats is inconvenient and leaves other one-on-one and group chats outside the privacy protection. Addressing the issue on social media, the official account on X acknowledged this and told concerned users that “Privacy is super important to us, and end-to-end encryption for chats is something we’re actively working on.” All you need…

The Sensex and Nifty hit their record highs of 85,978.25 and 26,277.35 touched on September 27, 2024. While India’s long-term growth story remains intact, a series of global and domestic challenges have weighed on investor sentiment. Experts say the correction should be seen more as a reset than a structural reversal, but multiple headwinds have combined to drag markets lower. Here are sone key reasons behind the 6% fall in the Nifty Trade Tensions and Sentiment Shock: According to Anirudh Garg, Partner and Fund Manager at INVasset PMS, the sharpest trigger came from India–US trade relations. “The current 5% correction is…

Tata Capital, the financial services arm of the Tata Group, filed its red herring prospectus with SEBI and stock exchanges on September 26, marking a significant step toward its highly anticipated IPO. The offering includes a fresh issue of up to 21 crore equity shares and an offer for sale (OFS) of up to 26.58 crore shares by existing shareholders. The IPO will open for public subscription from October 6 to October 8, 2025, with the anchor investor bidding set for October 3. As per earlier reports, Tata Group aims for a post-money valuation of around $16.5 billion, with the…

Wipro founder and chairman Azim Premji has declined Karnataka Chief Minister Siddaramaiah’s request to open the company’s Sarjapur campus for public vehicular movement, citing legal and regulatory constraints. While acknowledging the city's severe traffic issues and appreciating the CM’s outreach to corporate leaders, Premji stated that the Sarjapur campus is a Special Economic Zone (SEZ) with strict access controls due to global service obligations. He noted that allowing public traffic through the campus could pose significant legal and governance challenges, as the property is privately owned and not meant for public access. Despite rejecting the proposal, Premji reaffirmed Wipro’s willingness…