Purbalee Dutta - The Purbottar

23 Aug

WestBridge Capital To Acquire 15% Stake In Edelweiss Asset Management

Purbalee DuttaBreaking News

On August 22, Edelweiss Financial Services Limited (EFSL) announced that WestBridge Capital will acquire a 15% stake in the company for ₹450 crore, valuing Edelweiss Asset Management at approximately ₹3,000 crore. This strategic investment is seen as timely support for Edelweiss Mutual Fund (MF) as it enters a new phase of growth. Radhika Gupta, CEO of Edelweiss MF, shared the news on X (formerly Twitter), calling it a major milestone and a strong vote of confidence in the company's journey and future ambitions. The deal is subject to regulatory approvals from SEBI, the Competition Commission of India, and other customary…

22 Aug

Apollo Hospitals Promoter Stake Sale Proceeds To Bring Down Pledged Holdings

Purbalee DuttaBusiness

Apollo Hospitals Enterprise Ltd. confirmed on Friday, August 22, that promoter and Managing Director Suneeta Reddy was the seller in the large block trade executed earlier in the day. According to the exchange filing, Reddy sold 18.97 lakh shares — representing 1.3% of her total holding — at ₹7,850 per share, generating ₹1,489 crore through the deal. The block transaction involved 1.32% of Apollo Hospitals’ total equity. The company stated that the funds raised will be used to significantly reduce the pledged shares held by the promoter group, bringing them down from 13.1% to just 2%. As a result of…

21 Aug

Motilal Oswal Initiates Coverage On HDB With ‘neutral’ Tag

Purbalee DuttaLatest

Motilal Oswal has initiated coverage on newly listed non-banking firm HDB Financial Services Ltd with a ‘neutral’ rating and a target price of ₹860, suggesting a 9% potential upside. The brokerage expects the company to deliver high-teens growth in assets under management (AUM) over the next few years. However, it noted that current valuations already reflect medium-term growth expectations, and it awaits stronger execution in loan growth, better handling of industry/product cycles, and sustainable improvements in return ratios. Supported by HDFC Bank’s institutional strength and an experienced leadership team, HDB is projected to achieve a 19% AUM CAGR between FY25-28,…

20 Aug

Russia To Welcome Indian Exports Amid 50% US Tariffs

Purbalee DuttaBreaking News

Following the US move to impose tariffs on Indian goods, Russia has offered to open its markets for Indian exports. The Russian Embassy also criticised US pressure on India over its oil imports, stating that such actions disrupt global supply chains and threaten energy security for developing nations. “If Indian goods face hurdles in the US, Russia welcomes them,” said Roman Babushkin, Chargé d'Affaires at the Russian Embassy, as quoted by ANI. Commenting on India’s oil trade, Babushkin highlighted that Russia is a major producer and India a key consumer. He warned that unilateral actions destabilise pricing, create supply issues,…

19 Aug

Study finds better way to predict CKD outcomes

Purbalee DuttaHealth

In a major advancement for kidney health, researchers have identified key biological markers that could vastly improve how chronic kidney disease (CKD) is diagnosed and managed. A simple blood or urine test may now offer clearer predictions about how the disease will progress, potentially transforming care for millions of patients worldwide. The study highlights Kidney Injury Molecule-1 (KIM-1), a specific indicator of kidney damage found in both blood and urine. Higher levels of KIM-1 were strongly linked to increased risks of mortality and kidney failure. This discovery could help clinicians identify which patients are at the greatest risk and which…

19 Aug

Assam CM Sarma pushes inclusive land policy for BTR communities

Purbalee DuttaAssam

In the BJP's campaign for the September 2025 Bodoland Territorial Council (BTC) election, Assam Chief Minister Dr. Himanta Biswa Sarma spoke at two rallies: one in Orang, which covered the Pasnoi Serfang and Rowta constituencies, and another in Udalguri, which covered the Bhairabkunda and Dhansiri constituencies. Although the BTC has grown and developed since its founding in 2003, Chief Minister Sarma stated that a number of issues have not been resolved. Sarma made reference to the 2020 BTR Peace Accord, claiming that it brought "permanent peace and prosperity" to an area that had previously been plagued by insurgency and intercommunal…

19 Aug

iPhone 17e Release Date & More

Purbalee DuttaLatest

Although Apple has yet to unveil the flagship iPhone 17 series, early leaks have already begun surfacing about a more affordable model — the iPhone 17e, which is reportedly in development for a 2027 release. According to a leak from Apple's supply chain, the iPhone 17e is expected to bring notable upgrades in design, display, and performance. This could make it a promising option for users seeking a budget-friendly iPhone. A popular tipster, Digital Chat Station, shared details on Weibo suggesting the iPhone 17e will undergo a major design overhaul, though specifics remain unclear. One confirmed change is the replacement…

16 Aug

Mahindra BE 6 Batman Edition Looks All Sinister

Purbalee DuttaFinance

Mahindra & Mahindra has teamed up with Warner Bros., the studio behind DC Comics films, to unveil a special edition of its first electric SUV—the BE 6 Dark (Batman Edition). This limited-edition model stands out from other “dark” variants with design elements inspired by the iconic Batman films and comics. Priced at ₹27.79 lakh, the BE 6 Batman Edition is limited to just 300 units. Bookings open on August 23, with deliveries beginning September 20 to mark Batman Day. The SUV features a satin black exterior, Batman-themed decals, and Dark Knight badging on various parts including the fender, bumper, and…

14 Aug

JSW Cement IPO Listing: Shares Debut With 4% Premium

Purbalee DuttaLatest

JSW Cement, a part of the JSW Group, made a modest stock market debut on Thursday, August 14. The shares listed at ₹153.50 on the NSE, marking a 4.42% gain over the issue price of ₹147, and at ₹153 on the BSE, reflecting a 4% premium. This listing closely aligned with grey market expectations, where the stock was trading at a 3% premium prior to listing. The IPO, open from August 7 to 11, received strong investor interest, drawing over 12.75 lakh applications and getting subscribed 7.77 times. The QIB segment saw the highest demand at 15.80 times, followed by…

13 Aug

BSE SME Stock Leo Dryfruits Rises 45% Against IPO Price

Purbalee DuttaFinance

Shares of BSE SME-listed Leo Dryfruits have jumped 45% since their IPO, currently trading at ₹75.40 compared to the issue price of ₹52. Listed in January 2025, the stock has steadily attracted investor interest on the back of strong business progress and market performance. The ₹25.12 crore IPO involved the issue of 48.30 lakh fresh equity shares and saw an enthusiastic response from all investor categories, making it a successful debut on the SME platform. IPO Details and Stock Movement:Held between January 1–3, 2025, with a price range of ₹51–52, the IPO was subscribed a massive 181.77 times overall. Non-institutional…