Purbalee Dutta - The Purbottar

28 Oct

Mazagon Dock share price gains over 2% after Q2 results

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Mazagon Dock Shipbuilders’ shares rose over 2% on Tuesday after the PSU announced strong Q2FY26 results. The stock climbed 2.58% to ₹2,882.85 on the BSE. The company reported a consolidated net profit of ₹749.48 crore for the quarter, up 28.1% from ₹585.08 crore a year earlier. Revenue from operations grew 6.3% year-on-year to ₹2,929.24 crore, while its order book stood at ₹27,415 crore as of September 30, 2025. Operating profit (EBITDA) surged 36.1% to ₹695 crore, with margins improving to 23.7% from 18.5%. According to Ashika Institutional Equity Research’s defence analyst Krishna Doshi, Mazagon Dock’s performance was supported by steady…

27 Oct

Silver prices extend losing streak!

Purbalee DuttaBusiness

Silver extended its losing trend on Monday, October 27, weighed down by a stronger US dollar and optimism over easing trade tensions between the US and China. On the Multi Commodity Exchange (MCX), Silver December futures dropped 0.57% to ₹1,46,625 per kg at 10:49 a.m., while Gold December futures declined 1.26% to ₹1,21,900 per 10 grams. As per the Indian Bullion Association (IBA), silver was quoted at ₹1,46,860 per kg (999 fine). Meanwhile, 24-carat gold stood at ₹1,22,770 per 10 grams, and 22-carat gold at ₹1,12,539. Despite recent softness, silver has remained resilient, maintaining levels above ₹1 lakh per kg…

25 Oct

Not New York, Singapore or London—these Indian cities spend the most on rent globally!

Purbalee DuttaBusiness

While cities like New York, London, Zurich, and Singapore are often seen as the world’s most expensive places to live, a new study reveals a different reality when focusing solely on rental affordability. According to a report by German asset manager DWS, the least affordable cities for renting are Bangkok, Mumbai, and Mexico City—not the usual global hubs. The study analyzed 80 cities, comparing median income and average rent to determine how much of residents’ earnings go toward housing. On average, households spent 38% of their income on rent—well above the standard 30% threshold. Bangkok topped the list, with residents…

24 Oct

India looks to deepen trade links with Germany

Purbalee DuttaEconomy

Commerce and Industry Minister Piyush Goyal will visit Berlin on Thursday to strengthen India’s trade and economic partnership with Germany, Europe’s largest economy and a key global industrial center, the commerce ministry said in a statement. The visit, marking 25 years of the India-Germany strategic partnership, aims to deepen bilateral investment ties and support progress in the India-EU free trade agreement (FTA) talks, which have gathered pace in recent months. Germany plays a vital role in shaping EU trade policy and is a global leader in advanced engineering, automotive technology, and sustainable manufacturing. During his visit, Goyal will meet Germany’s…

23 Oct

HUL shares up 2%

Purbalee DuttaBreaking News

Hindustan Unilever Ltd (HUL) shares climbed nearly 3% on Thursday after the company posted stronger-than-expected results for the September quarter, supported by a one-time tax gain. Underlying sales growth came in at 2%, while volume growth remained flat. The company attributed the quarter’s performance to temporary effects of GST rate adjustments and prolonged monsoon conditions across several regions. HUL’s Board announced an interim dividend of ₹19 per share for the financial year ending March 31, 2026. CEO and MD Priya Nair described the results as a “competitive performance” despite short-term challenges, adding that the recent GST reforms are a “positive…

17 Oct

Reliance Industries Q2 preview!

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Reliance Industries Ltd (RIL) is expected to post strong earnings growth for Q2 FY26, driven by improved refining margins and steady expansion in its consumer segments—Reliance Retail and Jio. Analysts estimate net profit to rise about 11% year-on-year to nearly ₹18,450 crore, while consolidated EBITDA may grow 14% to ₹44,400 crore, supported by gains across oil-to-chemicals (O2C), retail, and digital businesses. The O2C segment is likely to benefit from firm refining margins, strong diesel and jet fuel spreads, and a weaker rupee aiding export realisations. Axis Capital and UBS project over 20% YoY O2C EBITDA growth, while JPMorgan sees up…

16 Oct

India’s Exports To US Dip 11.93%

Purbalee DuttaBusiness

India’s merchandise exports to the United States fell by 11.93% to USD 5.46 billion in September, impacted by Washington’s 50% tariffs on Indian goods, while imports from the US grew 11.78% to USD 3.98 billion, as per commerce ministry data. During April–September 2025, exports to the US rose 13.37% to USD 45.82 billion, and imports increased 9% to USD 25.6 billion. The two countries are currently holding discussions in Washington to finalize a bilateral trade pact aimed at strengthening economic ties. Think tank GTRI reported that shipments to the US plunged 17.9% in September from USD 6.87 billion in August—the…

15 Oct

Gold rate today in India on Oct 15

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Gold and silver prices surged to new all-time highs on October 15, with gold crossing ₹1.27 lakh per 10 grams amid strong safe-haven demand driven by US-China trade tensions. Expectations of further interest rate cuts by the US Federal Reserve also supported the rally. On the MCX, gold opened 0.52% higher at ₹1,26,915 per 10 grams and touched a record ₹1,27,500, while silver opened 0.18% higher at ₹1,59,800 per kg, reaching an intraday peak of ₹1,61,418. Globally, spot gold rose 0.4% to $4,155.99 per ounce, with December futures up 0.3% to $4,174.30. Analysts view gold and silver as preferred safe-haven…

14 Oct

Silver hits all-time high

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Silver prices surged to a record high above $52.50 an ounce, driven by a major short squeeze in London and rising global demand for safe-haven assets. Spot silver rose up to 0.4% to $52.5868 an ounce, surpassing the previous all-time high from January 1980, set during the Hunt brothers' attempt to corner the market. Gold also reached a new peak, extending its rally for the eighth consecutive week. A liquidity crunch in London has triggered a global rush for silver, with prices in London outpacing those in New York. This has led traders to ship silver bars via transatlantic flights—typically…

13 Oct

Foxconn to invest Rs 15,000 crore in Tamil Nadu

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On October 13, the Tamil Nadu government announced that Foxconn, the manufacturer of iPhones, has pledged an investment of ₹15,000 crore in the state, along with the creation of 14,000 new jobs. State Industries Minister TRB Rajaa highlighted this as the largest investment commitment Tamil Nadu has ever received. Taking to X, Rajaa stated, “The largest-ever engineering jobs commitment for Tamil Nadu! Foxconn commits ₹15,000 crore and 14,000 high-value jobs! Engineers, get ready!” To facilitate this major investment, the state’s investment promotion agency, Guidance Tamil Nadu, will establish a dedicated desk for Foxconn to ensure faster regulatory clearances. The minister…