Cover Stories - The Purbottar

03 Jan

Warren Buffett says ‘I’d rather have Greg Abel handling my money’ as Berkshire Hathaway begins new era

Purbalee DuttaCover Stories

Billionaire Warren Buffett said Berkshire Hathaway is stronger than any other company to weather the long run, following the handover of leadership to Greg Abel after six decades under the famed “Oracle of Omaha.” Here's what Warren Buffett said about Greg Abel— “It has a better chance I think of being here 100 years from now than any company I can think of,” Buffett told CNBC on Friday. Buffett added, Greg will be the decider," Buffett said. I “can't imagine how much more he can get accomplished in a week than I can in a month....I'd rather have Greg handling my money…

02 Jan

Cupid shares crash 20% to hit lower price band amid high volumes

Purbalee DuttaCover Stories

Over 39 lakh shares of Cupid had changed hands on the BSE as of 2.45 pm, much higher than the two-week average of 5.03 lakh shares. On NSE, 221.59 shares were traded. There were only sell orders for 58 lakh shares on both exchanges combined. Cupid shares had opened at ₹526 as against the last closing price of ₹524.90. It soon tumbled to the day's low of ₹419.95 — its 20% lower price band. There was no apparent fundamental trigger behind the crash in Cupid shares. The last exchange filing shared by the company is on December 29, wherein it announced setting up…

30 Dec

Sensex, Nifty 50 end flat amid lack of fresh triggers

Purbalee DuttaCover Stories

The Indian stock market ended flat on Tuesday, 30 December, as investors kept their bets low amid a lack of fresh domestic triggers and mixed global cues. The Sensex ended at 84,675.08, slipping 20 points, or 0.02%, while the Nifty 50 closed the day 3 points, or 0.01%, lower at 25,938.85. The BSE Midcap index slipped 0.05%, while the Smallcap index dropped by 0.20%. The domestic market is witnessing stock-specific action, which is keeping the indices range-bound. On Tuesday, benchmark indices ended flat as gains in shares of select heavyweights, including Mahindra and Mahindra, Bharti Airtel, Axis Bank, and SBI,…

15 Nov

Tata Motors can look at multiple synergies with Iveco

Purbalee DuttaCover Stories

Tata Motors released its first quarterly results after Tata Capital’s listing, with profits hit by a ₹2,026-crore mark-to-market loss, resulting in a ₹552-crore operating loss and a net loss of ₹868 crore. Without this impact, profit before tax would have been ₹1,474 crore. Managing director and CEO Girish Wagh discussed the benefits of separating the commercial and passenger vehicle businesses, while also sharing progress on acquiring Italy’s Iveco. He said the recent GST cut has boosted road freight movement, which should drive higher single-digit demand growth in the second half of the year. On Iveco, Tata Motors sees opportunities to…

23 Jan

The proposed $450 million contract includes 4.5% annual salary increases for the next four years

editorCover Stories

The Victorian government's new offer aims to resolve a longstanding police pay dispute. The proposed $450 million deal includes a 4.5% annual pay increase for the next four years, an additional 0.5% increase for frontline police, and no requirement to "kit up" outside of shift times. This offer, which would cost around $456 million, is a compromise from the 6% annual increase the police union initially sought. It would also remove a costly "golden handshake" clause, potentially saving up to $50 million annually. The Police Association has welcomed the offer, and a formal vote by members is pending. If accepted,…

09 Nov

At a goodbye event in New Delhi on Friday, outgoing Chief Justice of India DY Chandrachud spoke with Chief Justice-designate Justice Sanjeev Khanna

editorCover Stories

In a tearful statement on Friday, Chief Justice of India-designate Sanjiv Khanna praised Chief Justice Dhananjaya Yeshwant Chandrachud and stated that the Supreme Court will be left with a "void" following his departure.According to news agency PTI, Justice Sanjiv Khanna also commended departing Chief Justice Chandrachud for his "monumental" efforts to advance the Supreme Court and pursue his vision of it being "a sanctuary of inclusivity" that was open to everyone. Justice Sanjiv Khanna observed, "When a towering tree in the forest of justice steps back, the birds pause their songs, and the wind moves differently," during a goodbye gathering…

02 May

The death toll in China’s highway accidents has risen to 36

Banasree Sarkar0 CommentsCover Stories, LatestHighway Collapse

A shiny four-lane road. A huge ditch has been created across one side of it! Under which there is a row of cars. South China's Guangdong province witnessed such a terrible incident. China's state media reported that a section of the connecting highway between Meizhou and Dapu in Guangdong province suddenly collapsed around 2:00 a.m. on Wednesday. A deep ditch, about 58 feet long, is formed in the middle of the road. The death toll was initially estimated at 19. Later, according to news agency Associated Press, the death toll has risen to 24. At least 30 injured people are…

17 Apr

In Rajganj a goods-laden lorry lost control and overturned on the roadside

Ashish Majumder0 CommentsCover Storiesaccident

Recently a horrifying incident surfaced where a goods-laden lorry lost control and overturned on the roadside in an area adjacent to Fatapukur on Siliguri-Jalpaiguri National Highway (NH) in Rajganj. According to reports, on Tuesday evening, a lorry loaded with flour was heading towards Mathabhanga from Siliguri. During this, the lorry abruptly lost control and overturned on the roadside near Fatapukur. Fortunately in this incident the driver and his assistant narrowly escaped. Upon receiving the news, the cops of Rajganj police station actually arrived at the spot, recovered the lorry and initiated an investigation into the incident. This is actually very…