Blog - The Purbottar

26 Jun

Coriander futures prices upgrade due to high demand

editorBusiness, News

New Delhi, June 25: Coriander prices rose by Rs 10 to Rs 7,114 per quintal in futures trade on Wednesday as speculators increased their positions in view of a firm trend in the spot market. Coriander contracts for July delivery rose by Rs 10, or 0.14 percent, to Rs 7,114 per quintal on the National Commodity and Derivatives Exchange, with a turnover of 15,925 lots. Market analysts said coriander prices rose due to a firm trend in the spot market and limited supplies from producing regions.

25 Jun

Tata AIA unveils two new funds to tap into India’s growth story

Business BureauBusiness

Tata AIA Life Insurance has launched two new funds—Tata AIA Top 200 Alpha 30 Index Fund and Tata AIA Top 200 Alpha 30 Index Pension Fund—to empower investors to capitalise on India’s rise as the world’s fourth-largest economy. These unit-linked insurance plan (ULIP) based funds are tailored for wealth creation and retirement planning, opening at ₹10 per unit under a limited New Fund Offer (NFO) till June 30, 2025. Both funds aim for long-term capital appreciation by investing in high-alpha stocks from the Nifty 200 Alpha 30 Index, offering equity exposure of 80-100%. While the Alpha 30 Index Fund is…

25 Jun

Berlin’s Immigration Reform Targets IT, Healthcare, and Engineering Talent

Mohini BarmanGermany

Germany’s parliament has passed a sweeping Skilled Immigration Act, easing visa processes and recognition of foreign degrees. This move is designed to address severe worker shortages in healthcare, tech, and construction. Officials stated that India, Bangladesh, and Nigeria are among the priority countries for recruitment drives. Language training support and fast-track permits will be extended to those applying under critical skill categories. The reform opens significant opportunities for South Asian professionals. Career consultancies in cities like Dhaka, Delhi, and Kathmandu are already seeing a rise in inquiries about placements and visa guidance.

25 Jun

Ottawa Moves to Regulate Artificial Intelligence Before Crisis Hits

Mohini BarmanCanada

Canada has officially launched the AI & Data Ethics Safety Institute in Toronto, aimed at regulating artificial intelligence use and preventing risks tied to misinformation, job loss, and discrimination. The move comes amid global efforts to align ethical frameworks with rapid AI development. Canadian Innovation Minister François-Philippe Champagne said the institute will work with international bodies, including the EU and India, to build safer digital systems. The announcement follows similar initiatives in the UK and USA. This is likely to influence policy decisions in South Asia, where digital economies are booming but AI regulation remains scattered. Bangladesh and India are…

25 Jun

SKM dismisses Chamling’s remarks as empty rhetoric

Sonakshi SarkarSikkim

Amid mounting criticism from the opposition Sikkim Democratic Front (SDF), the ruling Sikkim Krantikari Morcha (SKM) has mounted a strong defence of its governance, dismissing remarks by former Chief Minister Pawan Chamling as politically motivated and lacking substance. In a press conference held on Tuesday, several SKM leaders jointly addressed issues ranging from organic farming to fiscal management, accusing the SDF of distorting facts and misleading the public.At the forefront of the rebuttal was Jacob Khaling Rai, Political Secretary to the Chief Minister, who labelled Chamling’s recent comments as “baseless claims” and questioned the credibility of a leader who had…

25 Jun

Himanta Biswa Sarma visits Dhubri site for 3,400 MW thermal plant

Banasree SarkarAssam

A 3,400 MW thermal power plant was recently planned at Chirakuta Charuwa Bakra in Dhubri district, which Assam Chief Minister Himanta Biswa Sarma visited. The previous plan in Kokrajhar was abandoned due to protests over tribal land concerns. To determine its appropriateness for the state's main power project, the CM examined the site, which spans over 3,300 bighas under the Bilasipara subdivision. Assam's energy demand is predicted to increase to 5,000 MW by 2030 and 7,000 MW by 2035, and the proposed plant is anticipated to be a major contributor to meeting this need. Sarma promised that all eligible landholders…

25 Jun

Supertech EV to raise Rs 29.90 crore via SME IPO, opens June 25

Business BureauBusiness

Electric vehicle maker Supertech EV Ltd is all set to launch its SME IPO on June 25, 2025, aiming to raise up to ₹29.90 crore through the issue of 32.49 lakh equity shares. The IPO, priced between ₹87–₹92 per share, will remain open till June 27, and the shares will be listed on the BSE SME platform. The company plans to use ₹16.50 crore from the proceeds for working capital needs, ₹3 crore to repay borrowings, and the rest for general corporate purposes. The minimum application size is 1,200 shares, requiring a minimum investment of ₹1,10,400 at the upper band.…

25 Jun

Hindustan Copper hosts Chile’s CODELCO team for landmark mining collaboration

Business BureauBusiness

Hindustan Copper Limited (HCL) welcomed a high-level delegation from Chile’s state-owned copper giant, CODELCO, in New Delhi on Monday. This marks the first-of-its-kind visit by CODELCO experts to India, aimed at assessing HCL’s mining and operational infrastructure across the country. The three-week visit follows the historic Memorandum of Understanding (MoU) signed on April 1, 2025, during a bilateral meeting between Indian Prime Minister Narendra Modi and Chilean President Gabriel Boric Font. The MoU aims to foster mutual cooperation in exploration, mining technology, mineral beneficiation, employee training, and capacity building. The delegation includes prominent Chilean experts: Angelo Catalano (Geology), Jose Perez…

25 Jun

150+ arrested in Dhubri, more to be caught soon

Sonakshi SarkarAssam

Following recent communal tensions in Dhubri district, Assam Chief Minister Himanta Biswa Sarma announced on Tuesday that more than 150 individuals have been arrested and the alleged mastermind behind the disturbances has been identified. The unrest was reportedly triggered after cattle remains were found near a temple during the observance of Eid al-Zuha, sparking outrage and clashes in the region. Addressing the media during his second visit to Dhubri in just ten days, the Chief Minister reviewed the security situation and assured the public of firm action. “The mastermind has been identified. Investigations are moving swiftly, and so far, more…

24 Jun

Aluminium futures prices downfall on weak demand

editorBusiness, News

New Delhi, June 24: Aluminium prices fell by Rs 2.75 to Rs 247.70 per kg in futures trade on Tuesday as participants cut their positions following a weak trend in the spot market. Aluminium contracts for July delivery fell by Rs 2.75, or 1.1 percent, to Rs 247.70 per kg on the Multi Commodity Exchange in a business turnover of 3,574 lots. Analysts said aluminium prices fell mainly due to participants cutting their positions due to sluggish demand from consumer industries.