Purbalee Dutta - The Purbottar

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…

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…

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,…

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…

10 Nov

Groww IPO allotment in focus today!

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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,…

08 Nov

Kalyan Jewellers Q2 Results

Purbalee DuttaBusiness

Kalyan Jewellers India, one of the country’s leading jewellery retailers, announced its financial results for the September 2025 quarter on November 7 after market hours. The company posted a net profit of ₹260 crore, reflecting a 99% year-on-year surge from ₹130.3 crore in the same quarter last year. However, profit was marginally lower than the ₹264 crore recorded in Q1 FY26. Revenue from operations rose 30% year-on-year to ₹7,856 crore from ₹6,057 crore, and 8% sequentially, supported by a strong same-store sales growth (SSSG) of 16%. In its exchange filing, Kalyan Jewellers highlighted robust growth in both footfalls and revenue…

07 Nov

Gold prices today!

Purbalee DuttaBusiness

Gold prices gained during early trade on November 7, supported by a weaker US dollar and firm global trends, making the precious metal more appealing to investors. Around 9:45 am, MCX Gold December futures rose 0.2% to ₹1,20,850 per 10 grams, while MCX Silver December contracts jumped 0.75% to ₹1,48,175 per kg. According to India Bullion data, 24-carat gold was priced at ₹1,21,260 per 10 grams and 22-carat at ₹1,11,155 per 10 grams, while silver stood at ₹1,48,670 per kg. Over the past two decades, gold prices have surged nearly 1,200%, climbing from ₹7,638 in 2005 to over ₹1,25,000 in…

06 Nov

Orkla India share price falls after muted listing

Purbalee DuttaBusiness

Orkla India made a subdued debut on the Indian stock market on November 6, 2025, with its shares listing on both the BSE and NSE. The stock opened at ₹751.50 on the BSE and ₹750.10 on the NSE, showing a modest premium of around 3% over the IPO issue price of ₹730. Post-listing, Orkla India’s share price touched a high of ₹755 and a low of ₹693.35 on the BSE. The IPO, which ran from October 29 to 31, raised ₹1,667.54 crore through an offer-for-sale of 2.28 crore shares, with a price band of ₹695–₹730. Despite being subscribed 48.73 times,…

04 Nov

More Action Against Anil Ambani Group!

Purbalee DuttaBreaking News

The Enforcement Directorate (ED) has provisionally attached over 132 acres of land belonging to Dhirubhai Ambani Knowledge City in Navi Mumbai, valued at ₹4,462.81 crore, as part of its probe into alleged fund diversion by the Anil Dhirubhai Ambani Group. Earlier in the day, the agency also seized the Ambani family residence in Mumbai’s Pali Hill, the Reliance Centre in Delhi, and several properties across eight cities in connection with investigations into Reliance Home Finance and Reliance Commercial Finance. Reliance Infrastructure clarified in a filing that business operations, shareholders, and employees remain unaffected, adding that Anil Ambani has not been…

03 Nov

Gold price today!

Purbalee DuttaBusiness

Gold and silver prices edged higher in the domestic futures market on Monday, November 3, supported by a weaker dollar and improved spot demand. At around 9:10 a.m., MCX Gold December futures rose 0.39% to ₹1,21,708 per 10 grams, while MCX Silver December contracts gained 0.69% to ₹1,49,307 per kg. Both metals saw short covering after recent corrections, as expectations for additional U.S. Federal Reserve rate cuts weakened following Chair Jerome Powell’s hawkish comments. The Fed recently reduced rates by 25 basis points to 3.75–4.00%, but Powell signaled no cuts in December. The dollar index slipped 0.10%, providing support to…