Breaking News - The Purbottar

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…

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…

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…

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…

09 Oct

TCS Q2 Results 2025 Live!

Purbalee DuttaBreaking News

Tata Consultancy Services (TCS) has posted solid deal wins in Q2, including a $640 million contract with Scandinavian insurer Tryg. Analysts observe early signs of recovery in discretionary IT spending in the BFSI and Technology sectors, while Manufacturing, Automotive, Retail, and Communications remain under pressure. Centrum analysts note that client caution continues, resulting in prolonged decision-making. Recent deal signings focus on cost-efficiency and vendor consolidation. The use of AI tools is anticipated to enhance revenue per employee and support overall productivity. As the largest order book holder among Indian IT firms, TCS’ commentary on demand outlook is expected to shape…

08 Oct

UK PM Keir Starmer begins first India visit

Purbalee DuttaBreaking News

UK Prime Minister Sir Keir Starmer arrived at Mumbai’s Chhatrapati Shivaji Maharaj International Airport earlier today. He was welcomed by Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Ministers Eknath Shinde and Ajit Pawar, and Governor Acharya Devvrat. On a two-day official visit to India at the invitation of Prime Minister Narendra Modi, this marks Starmer’s first visit to the country as UK Prime Minister. Over the next two days, he will hold discussions with PM Modi and take part in multiple business-focused meetings. According to the Ministry of External Affairs, the visit builds on the progress made during PM Modi’s…

07 Oct

LG Electronics IPO day 1: GMP, subscription status to review

Purbalee DuttaBreaking News

LG Electronics’ initial public offering (IPO) opens in the Indian primary market today and will remain available for subscription until October 9, 2025. This marks the second South Korean company, after Hyundai India, to launch an IPO in India. The IPO price band is set between ₹1,080 and ₹1,140 per equity share. The company plans to raise ₹11,607.01 crore through a complete offer for sale (OFS), and the shares will be listed on both BSE and NSE. LG Electronics IPO GMP Today:In the grey market, LG Electronics shares are trading at a ₹318 premium today, up ₹68 from Monday's ₹250.…

06 Oct

Fortis, Max Healthcare, other hospital stocks rise up to 7%

Purbalee DuttaBreaking News

Hospital stocks surged up to 6% on October 6 after the Central Government Health Scheme (CGHS) announced a revision in rates for nearly 2,000 medical procedures, effective October 13, 2025. Fortis Healthcare, Apollo Hospitals, and Max Healthcare gained 7%, 2.3%, and 4.3%, respectively, with Max Healthcare emerging as the top Nifty 50 gainer. The Nifty Healthcare index rose 0.6%, while Narayana Hrudalaya and Yatharth Hospitals climbed 5% and 4%. Macquarie expects procedure rates in key areas like cardiology, oncology, neurology, and orthopedics to increase by 5–30%, potentially boosting EBITDA for Max and Apollo by mid-single digits. CGHS, which serves over…

04 Oct

Why Elon Musk’s emoji reply to bizarre post on British colonial rule in India sparked outrage?

Purbalee DuttaBreaking News

Elon Musk has sparked backlash by responding with a “🤔” emoji to a controversial post that misrepresented British colonisation of India. The post falsely claimed there was “no such thing as colonisation,” arguing that just as Indians in England become English, the British in India became Indian—implying the British didn’t actually rule India. Musk’s emoji reply was widely criticised for appearing to support a distortion of historical facts, equating colonisation with cultural exchange or migration, while ignoring the oppression and exploitation India endured under British rule. Social media users quickly responded, pointing out the clear distinction between colonisation and immigration.…

03 Oct

Waaree Energies Stock Gains 3%

Purbalee DuttaBreaking News

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…