Breaking News - The Purbottar

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…

01 Oct

As Zoho’s Messaging App Gains Steam, Privacy-Conscious Users Point Out This WhatsApp Feature It Lacks

Purbalee DuttaBreaking News

Zoho Corp's homegrown messaging app has exploded in popularity over the past week, with some thinking it can take on Meta-owned WhatsApp in the Indian market. According to users on various social media, Arattai provides E2EE for calls and videos, having to shift to “secret messages” for the feature in chats is inconvenient and leaves other one-on-one and group chats outside the privacy protection. Addressing the issue on social media, the official account on X acknowledged this and told concerned users that “Privacy is super important to us, and end-to-end encryption for chats is something we’re actively working on.” All you need…

30 Sep

Nifty Down 6% In 1 Year!

Purbalee DuttaBreaking News

The Sensex and Nifty hit their record highs of 85,978.25 and 26,277.35 touched on September 27, 2024. While India’s long-term growth story remains intact, a series of global and domestic challenges have weighed on investor sentiment. Experts say the correction should be seen more as a reset than a structural reversal, but multiple headwinds have combined to drag markets lower. Here are sone key reasons behind the 6% fall in the Nifty Trade Tensions and Sentiment Shock: According to Anirudh Garg, Partner and Fund Manager at INVasset PMS, the sharpest trigger came from India–US trade relations. “The current 5% correction is…

27 Sep

Tata Capital To Launch 2025’s Biggest IPO

Purbalee DuttaBreaking News

Tata Capital, the financial services arm of the Tata Group, filed its red herring prospectus with SEBI and stock exchanges on September 26, marking a significant step toward its highly anticipated IPO. The offering includes a fresh issue of up to 21 crore equity shares and an offer for sale (OFS) of up to 26.58 crore shares by existing shareholders. The IPO will open for public subscription from October 6 to October 8, 2025, with the anchor investor bidding set for October 3. As per earlier reports, Tata Group aims for a post-money valuation of around $16.5 billion, with the…

26 Sep

Azim Premji Says No To Opening Wipro Road

Purbalee DuttaBreaking News

Wipro founder and chairman Azim Premji has declined Karnataka Chief Minister Siddaramaiah’s request to open the company’s Sarjapur campus for public vehicular movement, citing legal and regulatory constraints. While acknowledging the city's severe traffic issues and appreciating the CM’s outreach to corporate leaders, Premji stated that the Sarjapur campus is a Special Economic Zone (SEZ) with strict access controls due to global service obligations. He noted that allowing public traffic through the campus could pose significant legal and governance challenges, as the property is privately owned and not meant for public access. Despite rejecting the proposal, Premji reaffirmed Wipro’s willingness…

25 Sep

SEBI Starts Consultation On Weekly F&O Contracts

Purbalee DuttaBreaking News

The Securities and Exchange Board of India (SEBI) has begun discussions on the future of weekly derivative contracts, according to sources cited by CNBC Awaaz. The regulator has engaged major brokerage firms, requesting written suggestions on a potential shift towards longer-duration derivative products. This move follows SEBI Chairman Tuhin Kanta Pandey’s earlier statement on August 21, where he indicated the regulator was exploring options for extended-tenure contracts. On September 11, CNBC-TV18 reported that SEBI might release a consultation paper within a month, considering the phasing out of weekly F&O contracts and a shift to monthly expiries through a structured approach.…

30 Aug

Semiconductor Talent Shortfall By 2030; India To Bridge The Gap

Purbalee DuttaBreaking News

The world is expected to face a shortage of one million semiconductor professionals by 2030, and India has a major opportunity to help close this gap, said Ashwini Vaishnaw, Minister of Electronics and IT. He emphasised that a key goal of the India Semiconductor Mission (ISM) is to build a global talent pipeline in the semiconductor space. Speaking at the launch of India’s first end-to-end Semiconductor OSAT (Outsourced Semiconductor Assembly and Test) Pilot Line Facility by CG Power in Sanand, Gujarat, the minister called it a landmark step in realising India’s vision of becoming a semiconductor powerhouse. Gujarat is emerging…

29 Aug

All Systems In Place For India’s Semiconductor Growth

Purbalee DuttaBreaking News

Vellayan Subbiah, Chairman of CG Power, emphasized that India now has all the key elements in place to grow its semiconductor industry—government support, investment backing, and strong private sector ambition. Speaking to businessline during the launch of CG Semi’s pilot OSAT (Outsourced Semiconductor Assembly and Test) facility, he said it is now up to entrepreneurs to harness this collaborative ecosystem and create impactful technologies. Subbiah highlighted that India has adopted a comprehensive strategy by focusing on every segment of the semiconductor value chain, including chip design, fabrication (Fab), and OSAT services. According to him, this well-rounded approach will yield long-term…

26 Aug

HDFC Bank Share Price Falls

Purbalee DuttaBreaking News

HDFC Bank shares slipped over 1% on Tuesday after turning ex-date for its recently announced bonus issue. The stock fell as much as 1.45% to ₹968 on the BSE. The bank had declared a 1:1 bonus issue alongside its quarterly earnings last month, meaning shareholders will receive one bonus share of face value Re 1 for every fully paid-up share held. August 26, 2025, is the record date to determine eligible shareholders. While share prices typically adjust on the ex-date to reflect the bonus, the overall value of an investor’s holdings remains unchanged. Prashanth Tapse of Mehta Equities noted that…