Breaking News - The Purbottar

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…

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,…