Purbalee Dutta - The Purbottar

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…

12 Aug

Praj Industries Share Price Cracks Post Q1 Results

Purbalee DuttaBreaking News

Praj Industries’ share price dropped over 9% on Tuesday, August 12, following the release of its April-June quarter results after market hours on Monday. The company reported a net profit of ₹5.34 crore for Q1 FY26, a sharp fall of more than 90% from ₹84.18 crore in the same quarter last year, disappointing investors and triggering the steep decline. Sequentially, net profit also fell significantly from ₹39.82 crore in the January-March 2025 quarter. Management attributed the drop to cautiousness in the domestic ethanol market after achieving the 20% ethanol blending program (EBP) target and upcoming blending mandates. Geopolitical tensions and…

11 Aug

Tata Motors Shares Surge Nearly 3% Despite Weak Q1 Earnings

Purbalee DuttaBreaking News

Tata Motors' shares rose nearly 3% on Monday, August 11, despite the company reporting a drop in June quarter earnings due to declining volumes across segments and reduced profitability, particularly at JLR. On Friday, the automaker posted a consolidated net profit of ₹3,924 crore for Q1 FY26, down 30% from ₹5,643 crore in the same quarter last year. The stock was last trading at ₹648.20 on the NSE, up 2.29%. Group CFO PB Balaji said the company is focused on delivering a stronger second half, supported by festive demand, tariff clarity, and the upcoming demerger in October 2025. Revenue from…

09 Aug

India To Overtake US & Be No. 1 ChatGPT Market Soon

Purbalee DuttaNews

OpenAI has unveiled GPT-5, its latest and most advanced AI model, now accessible to both free and paid ChatGPT users, as well as developers via API. The company stated that GPT-5 brings enhanced reasoning, speed, accuracy, and mathematical performance. During the launch event, CEO Sam Altman emphasized India's increasing significance, noting, “India is our second-largest market after the U.S., and could soon become our biggest.” He praised the innovative ways Indians are using AI and confirmed that OpenAI is collaborating with local partners to boost AI affordability and accessibility in the country. Altman also announced plans to visit India in…

08 Aug

TCS Layoffs Herald AI Shakeup Of $283 Billion Outsourcing Sector

Purbalee DuttaLatest

Tata Consultancy Services' (TCS) decision to cut over 12,000 jobs marks the beginning of a larger AI-driven transformation in India’s $283 billion IT sector, experts say. While TCS attributed the 2% workforce reduction to skill mismatches, analysts believe this signals a deeper shift that could lead to the loss of up to 500,000 jobs in the next 2–3 years. The layoffs, primarily affecting middle and senior management, are the largest ever by India’s top private employer. AI is increasingly replacing roles in coding, manual testing, and customer support, impacting a sector that employs 5.67 million people and contributes over 7%…

04 Aug

Axis Bank Devalues Dining Delights With EazyDiner: New Terms Effective From August 1

Purbalee DuttaFinance

One of the often-overlooked perks of Axis Bank credit cards is the exclusive discounts through EazyDiner, available across all card variants. While discount rates vary from basic to premium cards, there’s something for every cardholder. Premium cards traditionally offered extra benefits like enhanced birthday discounts, Postcard Hotels vouchers, and complimentary EazyDiner memberships. Recently, Axis Bank revamped its Dining Delights program with EazyDiner, removing some discontinued cards and simplifying the structure. Notably, the Axis Magnus Credit Card has lost its premium status. It no longer qualifies for the high-net-worth individual (HNI) discount tier or birthday offers. Similarly, the Axis Bank Miles…

02 Aug

After 6+ Years, Red Panda Cubs Born In Sikkim Zoo

Purbalee DuttaNews, Sikkim

The birth of two red panda cubs at the Himalayan Zoological Park near Gangtok, Sikkim, has revitalized its red panda conservation efforts after a seven-year gap. Born on June 15 to parents Lucky-II and Mirak, the cubs mark the first litter for the pair. Park authorities officially announced the news on August 1, calling it a major achievement for the Red Panda Conservation Programme, which began in 1997. Director Sangay Gyatso explained that the programme had faced setbacks over the past seven years, including two outbreaks of canine distemper—a deadly viral disease affecting carnivores—that significantly reduced the captive red panda…

01 Aug

Raj Bhavan Holds ‘Utkarsh Utsav’

Purbalee DuttaNews, Sikkim

Raj Bhavan Sikkim hosted a special event, ‘Utkarsh Utsav,’ on Thursday to mark the completion of one year of Om Prakash Mathur's tenure as the 18th Governor of Sikkim. The celebration saw the presence of Chief Minister Prem Singh Tamang, Chief Justice Biswanath Somadder, Speaker M.N. Sherpa, and other dignitaries. A key moment was the release of the book Jaise Mene Janna, featuring the Governor’s speeches over the year. Reflecting on his journey, Governor Mathur spoke about his travels across the state, including visits to border villages under the Vibrant Villages Programme. He praised Sikkim’s people for their unity, sustainability…