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Rishabh Pant Calls Barsapara Stadium ‘Deeply Special’ Ahead of First Test as Captain
21 Nov

Rishabh Pant Calls Barsapara Stadium ‘Deeply Special’ Ahead of First Test as Captain

Sonakshi SarkarBreaking News
India’s Test captain Rishabh Pant on Wednesday said that Guwahati’s Barsapara Cricket Stadium holds a “deeply special” place in his career, as he prepares to lead the national team in a Test match there for the first time. Pant noted that his international journey in limited-overs cricket began at this very venue, making his return as Test captain even more meaningful. “Barsapara has always been special for me. My ODI career started here, and now my first Test match as captain will also be played at this stadium,” he said.The historic Test, scheduled to begin tomorrow, has generated considerable excitement…
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Multibagger stock in making?
19 Nov

Multibagger stock in making?

Purbalee DuttaBreaking News
Billionbrains Garage Ventures, the parent of online brokerage Groww, continues to ride a strong bullish trend, with the stock rising for the fifth straight session since listing last week. Groww jumped another 11% to ₹193.91, taking IPO investors’ gains to nearly 94%. The stock had already ended its debut day with about 31% upside over the issue price. On November 17, Groww rallied 20%, pushing its market capitalisation past ₹1 lakh crore — a milestone achieved by only about 100 of nearly 5,000 listed companies in India. However, analysts are beginning to question whether this sharp upmove is sustainable. Groww’s…
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Bitcoin hits seven-month low!
18 Nov

Bitcoin hits seven-month low!

Purbalee DuttaBreaking News
Bitcoin, the world’s largest cryptocurrency, has come under renewed pressure, slipping below $90,000 on November 18 for the first time in seven months. This steep decline has reignited debate over whether the drop is simply a temporary correction or the early phase of a new four-year cycle that could lead to a deeper, prolonged downturn. The token has erased all its 2025 gains and is now nearly 30% lower than its October peak of more than $126,000, falling around 2% to $89,953 during afternoon trading in Asia. Analysts point to growing uncertainty over potential US rate cuts and weakness across…
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Nomura likely probes India bond desk amid doubts over inflated profits
17 Nov

Nomura likely probes India bond desk amid doubts over inflated profits

Purbalee DuttaBreaking News
Nomura Holdings, a major global investment bank, is reviewing its India fixed-income business amid concerns that profits reported by its rates division may have been overstated in recent years. According to a Bloomberg report, the bank’s compliance team is examining how trades involving Strips were being valued. What Are Strips?Strips, or Separate Trading of Registered Interest and Principal of Securities, are created when a bond’s principal and interest payments are split and traded separately. Investors can buy these components individually instead of as a single security. Why They Matter in Accounting:The investigation is focused on whether traders marked their positions…
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Tenneco Clean Air IPO Day 1!
12 Nov

Tenneco Clean Air IPO Day 1!

Purbalee DuttaBreaking News
Tenneco Clean Air India Ltd, a subsidiary of the US-based Tenneco Group, opened its initial public offering (IPO) for subscription on November 12, which will close on November 14. The IPO price band has been fixed between ₹378 and ₹397 per share. In the grey market, the issue is commanding a premium of ₹61, suggesting an estimated listing price of around ₹458 per share—about 15.4% higher than the upper price band. Ahead of the launch, the company raised ₹1,080 crore from anchor investors, with participation from 58 major institutions, including SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential, Nomura, BlackRock,…
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Bajaj Finance shares fall 8%
11 Nov

Bajaj Finance shares fall 8%

Purbalee DuttaBreaking News
Shares of Bajaj Finance Ltd., one of India’s leading non-bank lenders, tumbled up to 8% on Tuesday, November 11, after the company reported its September quarter results post-market hours on Monday. The management reduced its full-year Assets Under Management (AUM) growth forecast to 22–23% from the earlier 24–25%, citing slower growth in mortgage and SME segments. SME growth is now expected at 10–12%, with MSME performance likely to bottom out in the first quarter of FY26. Credit costs are projected to stay at the upper end of the 1.85–1.95% range before improving next year, prompting a 25% cut in unsecured…
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More Action Against Anil Ambani Group!
04 Nov

More Action Against Anil Ambani Group!

Purbalee DuttaBreaking News
The Enforcement Directorate (ED) has provisionally attached over 132 acres of land belonging to Dhirubhai Ambani Knowledge City in Navi Mumbai, valued at ₹4,462.81 crore, as part of its probe into alleged fund diversion by the Anil Dhirubhai Ambani Group. Earlier in the day, the agency also seized the Ambani family residence in Mumbai’s Pali Hill, the Reliance Centre in Delhi, and several properties across eight cities in connection with investigations into Reliance Home Finance and Reliance Commercial Finance. Reliance Infrastructure clarified in a filing that business operations, shareholders, and employees remain unaffected, adding that Anil Ambani has not been…
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HUL Ice Cream business demerger!
31 Oct

HUL Ice Cream business demerger!

Purbalee DuttaBreaking News
Hindustan Unilever Ltd (HUL) announced that it has received approval from the National Company Law Tribunal (NCLT) to demerge its ice-cream business into a separate entity, Kwality Wall’s (India) Ltd (KWIL). The Mumbai bench of NCLT approved the Scheme of Arrangement under Sections 230–232 of the Companies Act. This restructuring aligns with Unilever’s global Growth Action Plan (GAP), which aims to spin off its ice-cream division globally. As part of the plan, HUL will transfer all its ice-cream brands—Kwality Wall’s, Cornetto, Magnum, Feast, and Creamy Delight—to KWIL. HUL shareholders will receive one share of Kwality Wall’s for every HUL share…
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Motilal Oswal shares fall nearly 8%
29 Oct

Motilal Oswal shares fall nearly 8%

Purbalee DuttaBreaking News
Shares of Motilal Oswal Financial Services Ltd. fell nearly 8% on Wednesday, October 29, following SEBI’s proposed changes to brokerage fee norms. The market regulator, in its draft regulations released Tuesday evening, suggested lowering the cap on brokerage commissions paid by mutual funds. Under the proposal, brokerage fees on cash market trades would drop from 12 basis points to 2 basis points, while fees on derivatives transactions would be reduced from 5 basis points to 1 basis point. Pratik Gupta of Kotak Institutional Equities told CNBC-TV18 that if implemented, the move could significantly affect small and mid-sized brokers, emphasizing that…
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HUL shares up 2%
23 Oct

HUL shares up 2%

Purbalee DuttaBreaking News
Hindustan Unilever Ltd (HUL) shares climbed nearly 3% on Thursday after the company posted stronger-than-expected results for the September quarter, supported by a one-time tax gain. Underlying sales growth came in at 2%, while volume growth remained flat. The company attributed the quarter’s performance to temporary effects of GST rate adjustments and prolonged monsoon conditions across several regions. HUL’s Board announced an interim dividend of ₹19 per share for the financial year ending March 31, 2026. CEO and MD Priya Nair described the results as a “competitive performance” despite short-term challenges, adding that the recent GST reforms are a “positive…
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