Purbalee Dutta - The Purbottar

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…

01 Nov

Vedanta Q2 profit drops 59% on one off

Purbalee DuttaBusiness

Anil Agarwal-led Vedanta Ltd reported a sharp 59% drop in net profit to ₹1,798 crore for the September quarter, despite a 6% rise in revenue to ₹39,868 crore—its highest ever for a second quarter. The decline was mainly due to a one-time write-off linked to its subsidiary Talwandi Sabo Power Ltd (TSPL), which lost a ₹1,407 crore claim in the Supreme Court under a government power project scheme. TSPL also settled a legal dispute with Sepco for ₹660 crore. However, Vedanta’s Ebitda rose 12% year-on-year to ₹11,612 crore, aided by strong aluminium, zinc, and silver prices. Shares fell 2.6% to…

31 Oct

HUL Ice Cream business demerger!

Purbalee DuttaBreaking News

Hindustan Unilever Ltd (HUL) announced that it has received approval from the National Company Law Tribunal (NCLT) to demerge its ice-cream business into a separate entity, Kwality Wall’s (India) Ltd (KWIL). The Mumbai bench of NCLT approved the Scheme of Arrangement under Sections 230–232 of the Companies Act. This restructuring aligns with Unilever’s global Growth Action Plan (GAP), which aims to spin off its ice-cream division globally. As part of the plan, HUL will transfer all its ice-cream brands—Kwality Wall’s, Cornetto, Magnum, Feast, and Creamy Delight—to KWIL. HUL shareholders will receive one share of Kwality Wall’s for every HUL share…

29 Oct

Motilal Oswal shares fall nearly 8%

Purbalee DuttaBreaking News

Shares of Motilal Oswal Financial Services Ltd. fell nearly 8% on Wednesday, October 29, following SEBI’s proposed changes to brokerage fee norms. The market regulator, in its draft regulations released Tuesday evening, suggested lowering the cap on brokerage commissions paid by mutual funds. Under the proposal, brokerage fees on cash market trades would drop from 12 basis points to 2 basis points, while fees on derivatives transactions would be reduced from 5 basis points to 1 basis point. Pratik Gupta of Kotak Institutional Equities told CNBC-TV18 that if implemented, the move could significantly affect small and mid-sized brokers, emphasizing that…

28 Oct

Mazagon Dock share price gains over 2% after Q2 results

Purbalee DuttaLatest

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!

Purbalee DuttaFeatured

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…