Purbalee Dutta

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…

The Securities and Exchange Board of India (SEBI) has begun discussions on the future of weekly derivative contracts, according to sources cited by CNBC Awaaz. The regulator has engaged major brokerage firms, requesting written suggestions on a potential shift towards longer-duration derivative products. This move follows SEBI Chairman Tuhin Kanta Pandey’s earlier statement on August 21, where he indicated the regulator was exploring options for extended-tenure contracts. On September 11, CNBC-TV18 reported that SEBI might release a consultation paper within a month, considering the phasing out of weekly F&O contracts and a shift to monthly expiries through a structured approach.…