Breaking News - The Purbottar

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…

23 Aug

WestBridge Capital To Acquire 15% Stake In Edelweiss Asset Management

Purbalee DuttaBreaking News

On August 22, Edelweiss Financial Services Limited (EFSL) announced that WestBridge Capital will acquire a 15% stake in the company for ₹450 crore, valuing Edelweiss Asset Management at approximately ₹3,000 crore. This strategic investment is seen as timely support for Edelweiss Mutual Fund (MF) as it enters a new phase of growth. Radhika Gupta, CEO of Edelweiss MF, shared the news on X (formerly Twitter), calling it a major milestone and a strong vote of confidence in the company's journey and future ambitions. The deal is subject to regulatory approvals from SEBI, the Competition Commission of India, and other customary…

20 Aug

Russia To Welcome Indian Exports Amid 50% US Tariffs

Purbalee DuttaBreaking News

Following the US move to impose tariffs on Indian goods, Russia has offered to open its markets for Indian exports. The Russian Embassy also criticised US pressure on India over its oil imports, stating that such actions disrupt global supply chains and threaten energy security for developing nations. “If Indian goods face hurdles in the US, Russia welcomes them,” said Roman Babushkin, Chargé d'Affaires at the Russian Embassy, as quoted by ANI. Commenting on India’s oil trade, Babushkin highlighted that Russia is a major producer and India a key consumer. He warned that unilateral actions destabilise pricing, create supply issues,…

12 Aug

Praj Industries Share Price Cracks Post Q1 Results

Purbalee DuttaBreaking News

Praj Industries’ share price dropped over 9% on Tuesday, August 12, following the release of its April-June quarter results after market hours on Monday. The company reported a net profit of ₹5.34 crore for Q1 FY26, a sharp fall of more than 90% from ₹84.18 crore in the same quarter last year, disappointing investors and triggering the steep decline. Sequentially, net profit also fell significantly from ₹39.82 crore in the January-March 2025 quarter. Management attributed the drop to cautiousness in the domestic ethanol market after achieving the 20% ethanol blending program (EBP) target and upcoming blending mandates. Geopolitical tensions and…

11 Aug

Tata Motors Shares Surge Nearly 3% Despite Weak Q1 Earnings

Purbalee DuttaBreaking News

Tata Motors' shares rose nearly 3% on Monday, August 11, despite the company reporting a drop in June quarter earnings due to declining volumes across segments and reduced profitability, particularly at JLR. On Friday, the automaker posted a consolidated net profit of ₹3,924 crore for Q1 FY26, down 30% from ₹5,643 crore in the same quarter last year. The stock was last trading at ₹648.20 on the NSE, up 2.29%. Group CFO PB Balaji said the company is focused on delivering a stronger second half, supported by festive demand, tariff clarity, and the upcoming demerger in October 2025. Revenue from…

23 Jan

Israeli forces killed two Palestinian militants

editorBreaking News

Israeli forces have killed two Palestinian militants, Mohammed Nazzal and Katiba al-Shalabi, who were responsible for a deadly bus attack in the West Bank earlier this month. The militants exchanged fire with Israeli troops in the village of Burqin before being killed, and an Israeli soldier was moderately wounded. Both Islamic Jihad and Hamas claimed ties to the militants and praised the bus attack. In related news, talks between the U.S. and Israel are ongoing regarding Israel's withdrawal from Lebanon, with a ceasefire deadline approaching. Additionally, Al Jazeera reported that the Palestinian Authority arrested one of its reporters, while Israel…

08 Nov

Cows are kept in an abandoned house in Domjur Rural Hospital, the picture was caught on camera

editorBreaking News

It is learned that there are several abandoned houses in front of the seminar hall behind the main hospital building. Cows are tied in one of those rooms and bags of cow food are stored in the other room.It is known that the local youth Sheikh Saheb runs the Khatal business with four or five cows. Local residents said that there is a cowshed outside the hospital but a door has been made of tin in the front wall. The key and lock of that door are not with anyone in the hospital, but with Khatal Malik Sheikh Sahib. It…