Breaking News - The Purbottar

17 Jan

HDFC Bank Q3 results

Purbalee DuttaBreaking News

India's largest bank by market capitalisation, HDFC Bank, reported a 11.5% year-on-year (YoY) rise in its standalone profit to ₹18,653.75 crore for the December quarter of the current financial year (Q3FY26). In the same quarter last year, the bank's profit was ₹16,735.50 crore. The bank's net interest income (NII) rose by 6.4% YoY to ₹32,615 crore from ₹30,653 crore in Q3FY25. The bank said its core net interest margin (NIM) stood at 3.35% on total assets, and 3.51% based on interest-earning assets. Operating profit before provisions and contingencies rose by 8.4% YoY to ₹27,097.80 crore from ₹25,000.40 crore in the same quarter last year. Gross advances…

07 Jan

Senco Gold, Kalyan Jewellers shares jump up to 14% after strong Q3 business updates

Purbalee DuttaBreaking News

The shares of Senco Gold and Kalyan Jewellers India jumped in trade on January 7 after the companies released strong business updates for the third quarter of the financial year 2026. Senco Gold shares rallied 14 percent to Rs 368.4 apiece, while Kalyan Jewellers India shares jumped 7 percent to Rs 535 apiece. Senco Gold Q3 update: Senco Gold released its Q3 business update in the post market hours of January 6. The company recorded a 51 percent year-on-year (YoY) growth in the October-December quarter of the ongoing FY26. This takes the total growth to 31 percent in the first nine…

05 Jan

Sensex falls 300 points, Nifty 50 ends at 26,250 after US strikes Venezuela

Purbalee DuttaBreaking News

The Indian stock market ended lower on Monday, 5 January, despite positive global cues as investors booked profits in select heavyweights amid increased geopolitical tensions after the US military attacked Venezuela and captured Venezuelan President Nicolas Maduro and his wife. However, the US attacks on Venezuela did not deal any significant blow to global markets. In Asia, Japan's Nikkei and Korea's Kospi jumped over 3% each, while China's Shanghai Composite rose by over 1%. In Europe, Germany's DAX rose by over a per cent. The UK's FTSE and France's CAC 40 were in the green when the Sensex closed. The…

01 Jan

Illegal immigration: Assam Govt plans tougher pushback drive next year

Priyanka BhowmickBreaking News

The Assam government plans to further intensify its crackdown on illegal infiltration in 2026, with Chief Minister Himanta Biswa Sarma asserting that the state will not be allowed to become a ‘breeding ground’ for undocumented foreign nationals.Reiterating his government’s hardline stance against illegal immigration, Sarma asserted that the state would intensify its pushback operations in 2026 after what he described as a major drive in the past year.Taking to social media, the Chief Minister claimed that a “massive push back effort” was undertaken in 2025 to expel a large number of illegal Bangladeshi nationals from Assam.“In 2025, we undertook a…

24 Dec

Are US stock markets closed on Christmas Eve?

Purbalee DuttaBreaking News

US investors are adjusting their plans after President Donald Trump announced that December 24 and December 26 will be observed as federal holidays. This raised questions about whether US stock exchanges would suspend trading on Christmas Eve. Despite the executive order, the US stock market will remain open on December 24. Both the New York Stock Exchange and Nasdaq have confirmed that trading schedules will not change, even though federal offices will be closed. However, markets will operate for a shorter session. On Christmas Eve, trading on the NYSE and Nasdaq will end early at 1:00 pm Eastern Time, instead…

09 Dec

The operator of India’s largest airline sees shares tumble after thousands of cancelations

Purbalee DuttaBreaking News

InterGlobe Aviation, the parent company of IndiGo, saw its shares drop over 8% on Monday as the airline struggled with widespread flight cancellations. IndiGo, which normally operates more than 2,300 daily flights, managed to fly only 706 on Friday after new pilot rest-time rules triggered major disruptions. By Sunday, it had restored operations to 1,650 flights and said it expected its network to stabilise by Wednesday. Civil Aviation Minister Ram Mohan Naidu announced an investigation into the disruptions, warning the airline of strict action for any non-compliance. Passengers have faced significant difficulties. Chirag Shah, travelling from Abu Dhabi to Mumbai,…

08 Dec

IndiGo mass cancellations continue for 7th day

Purbalee DuttaBreaking News

IndiGo’s operational crisis continued for a seventh straight day on December 8, with the airline cancelling more than 250 flights across major airports. According to reports, 251 flights were grounded at Delhi and Bengaluru alone. Delhi airport saw 134 cancellations — 75 departures and 59 arrivals — while Bengaluru’s Kempegowda International Airport recorded 127 cancellations, affecting 65 arrivals and 62 departures. Additional disruptions were reported nationwide: five flights were cancelled in Thiruvananthapuram, eighteen in Ahmedabad, and seventy-seven in Hyderabad. Jaipur airport also faced multiple IndiGo cancellations, though authorities said passenger movement remained calm. However, travellers were left waiting for updates…

06 Dec

Biocon to leverage global USP with biologics merger

Purbalee DuttaBreaking News

Biocon, the Bengaluru-based biopharmaceutical company, has announced that it will fully merge Biocon Biologics Ltd (BBL) into Biocon Ltd, making BBL a wholly owned subsidiary. Founder and executive chairperson Kiran Mazumdar-Shaw described the move as value-enhancing for investors and said the unified organisation will be better equipped to meet patients’ needs, particularly in diabetes care. Explaining the rationale, she noted that markets had consistently undervalued both entities, partly due to BBL’s earlier debt load, which would have hindered a successful IPO. She highlighted that BBL’s debt-to-EBITDA ratio has fallen from 4.3 in 2020 to 2.5 now, and is expected to…

29 Nov

Q2 GDP growth surprises at 8.2%

Purbalee DuttaBreaking News

India’s economy delivered an unexpected boost in the July–September quarter, clocking 8.2% growth—its fastest in six quarters—according to data from the statistics ministry. The figure surpassed both the RBI’s 7% estimate and the Mint poll forecast of 7.2%. Although economists attributed part of the rise to record-low inflation, the strong reading has reduced the likelihood of an RBI rate cut in December. Bond markets reacted quickly, with the benchmark 10-year yield rising to 6.5463%. The latest growth number compares favourably with last year’s 5.6% and the previous quarter’s 7.8%. Chief economic advisor V. Anantha Nageswaran noted that full-year growth should…

28 Nov

Meesho IPO!

Purbalee DuttaBreaking News, Featured

Meesho’s early investors and founders are set for massive gains after the company fixed its IPO price band at ₹105–111 per share, valuing the e-commerce platform at around ₹50,095 crore (basic share count) at the upper end. Moneycontrol had earlier reported that the Flipkart- and Amazon-rival was eyeing a post-money valuation of nearly ₹52,500 crore on a fully diluted basis. Co-founders Vidit Aatrey and Sanjeev Kumar, who jointly own over 18.5 percent of Meesho, stand to benefit significantly. Aatrey holds 47.25 crore shares (11.1 percent), acquired at just ₹0.06 apiece. His stake is now worth ₹5,245 crore—an increase of over…