Latest - The Purbottar

14 Feb

India to Get First Rail-Cum-Road Underwater Tunnel as Cabinet Clears Brahmaputra Project in Assam

Sonakshi SarkarLatest

The Cabinet Committee on Economic Affairs in India, led by Prime Minister Narendra Modi, has greenlit the construction of a 4-Lane Access-Controlled Greenfield connectivity project between Gohpur on NH-15 and Numaligarh on NH-715. This includes the development of a 15.79 km road-cum-rail tunnel beneath the Brahmaputra River in Assam, with a total estimated cost of Rs. 18,662 crores through Engineering Procurement Construction (EPC) methods. Currently, the journey between Numaligarh and Gohpur spans 240 km via the existing Kaliabhambhora road bridge, taking up to 6 hours and traversing through significant areas such as Numaligarh, Kaziranga National Park, and Biswanath Town. The…

10 Dec

Assam Govt ‘Blatantly’ Violating Financial Rules, Alleges Cong

Purbalee DuttaLatest

Former Rajya Sabha MP and senior Congress leader Ripun Bora on Tuesday accused the Assam government of “blatantly violating” financial rules in its capital expenditure.Addressing a media conference at Rajiv Bhawan in Guwahati, Bora said after examining the accounts of the latest financial year, the Comptroller and Auditor General (CAG) in its report mentions that while loans are meant for productive work — “loan for investment, not for consumption”, the Assam government has taken loans and used them for consumption-oriented activities, particularly in distributing beneficiary schemes.He flagged serious lapses and irregularities in the state’s financial management, while claiming that the…

28 Oct

Mazagon Dock share price gains over 2% after Q2 results

Purbalee DuttaLatest

Mazagon Dock Shipbuilders’ shares rose over 2% on Tuesday after the PSU announced strong Q2FY26 results. The stock climbed 2.58% to ₹2,882.85 on the BSE. The company reported a consolidated net profit of ₹749.48 crore for the quarter, up 28.1% from ₹585.08 crore a year earlier. Revenue from operations grew 6.3% year-on-year to ₹2,929.24 crore, while its order book stood at ₹27,415 crore as of September 30, 2025. Operating profit (EBITDA) surged 36.1% to ₹695 crore, with margins improving to 23.7% from 18.5%. According to Ashika Institutional Equity Research’s defence analyst Krishna Doshi, Mazagon Dock’s performance was supported by steady…

15 Oct

Gold rate today in India on Oct 15

Purbalee DuttaLatest

Gold and silver prices surged to new all-time highs on October 15, with gold crossing ₹1.27 lakh per 10 grams amid strong safe-haven demand driven by US-China trade tensions. Expectations of further interest rate cuts by the US Federal Reserve also supported the rally. On the MCX, gold opened 0.52% higher at ₹1,26,915 per 10 grams and touched a record ₹1,27,500, while silver opened 0.18% higher at ₹1,59,800 per kg, reaching an intraday peak of ₹1,61,418. Globally, spot gold rose 0.4% to $4,155.99 per ounce, with December futures up 0.3% to $4,174.30. Analysts view gold and silver as preferred safe-haven…

14 Oct

Silver hits all-time high

Purbalee DuttaLatest

Silver prices surged to a record high above $52.50 an ounce, driven by a major short squeeze in London and rising global demand for safe-haven assets. Spot silver rose up to 0.4% to $52.5868 an ounce, surpassing the previous all-time high from January 1980, set during the Hunt brothers' attempt to corner the market. Gold also reached a new peak, extending its rally for the eighth consecutive week. A liquidity crunch in London has triggered a global rush for silver, with prices in London outpacing those in New York. This has led traders to ship silver bars via transatlantic flights—typically…

13 Oct

Foxconn to invest Rs 15,000 crore in Tamil Nadu

Purbalee DuttaLatest

On October 13, the Tamil Nadu government announced that Foxconn, the manufacturer of iPhones, has pledged an investment of ₹15,000 crore in the state, along with the creation of 14,000 new jobs. State Industries Minister TRB Rajaa highlighted this as the largest investment commitment Tamil Nadu has ever received. Taking to X, Rajaa stated, “The largest-ever engineering jobs commitment for Tamil Nadu! Foxconn commits ₹15,000 crore and 14,000 high-value jobs! Engineers, get ready!” To facilitate this major investment, the state’s investment promotion agency, Guidance Tamil Nadu, will establish a dedicated desk for Foxconn to ensure faster regulatory clearances. The minister…

02 Sep

SEBI Re-Introduces Intraday Limits For Index Options Trading

Purbalee DuttaLatest

The Securities and Exchange Board of India (SEBI) has introduced a detailed framework to regulate intraday positions in equity index derivatives, aiming to limit excessive exposures while maintaining market liquidity and stability. As per a circular issued late Monday, SEBI will enforce specific intraday position limits per entity trading in index options. From October 1, 2025, net intraday positions, on a futures-equivalent basis, will be capped at ₹5,000 crore, while gross intraday positions will be limited to ₹10,000 crore, aligning with existing end-of-day gross limits. This move addresses growing concerns about traders taking disproportionately large positions, particularly on options expiry…

01 Sep

Sensex Gains 550 Points

Purbalee DuttaLatest

On September 1, Indian benchmark indices Sensex and Nifty rebounded after three days of losses, with Sensex rising over 550 points to hover near 80,366 and Nifty climbing nearly 200 points to cross 24,600. Broader indices also performed well, with smallcap and midcap indices gaining up to 2%. Most sectors traded in the green, led by IT stocks, except FMCG and pharma. Several factors contributed to this uptrend. Strong Q1 GDP growth of 7.8%—the highest in five quarters—exceeded both RBI and market expectations, boosting investor sentiment. Prime Minister Modi’s participation in the SCO summit in China and improved India-China relations…

21 Aug

Motilal Oswal Initiates Coverage On HDB With ‘neutral’ Tag

Purbalee DuttaLatest

Motilal Oswal has initiated coverage on newly listed non-banking firm HDB Financial Services Ltd with a ‘neutral’ rating and a target price of ₹860, suggesting a 9% potential upside. The brokerage expects the company to deliver high-teens growth in assets under management (AUM) over the next few years. However, it noted that current valuations already reflect medium-term growth expectations, and it awaits stronger execution in loan growth, better handling of industry/product cycles, and sustainable improvements in return ratios. Supported by HDFC Bank’s institutional strength and an experienced leadership team, HDB is projected to achieve a 19% AUM CAGR between FY25-28,…

19 Aug

iPhone 17e Release Date & More

Purbalee DuttaLatest

Although Apple has yet to unveil the flagship iPhone 17 series, early leaks have already begun surfacing about a more affordable model — the iPhone 17e, which is reportedly in development for a 2027 release. According to a leak from Apple's supply chain, the iPhone 17e is expected to bring notable upgrades in design, display, and performance. This could make it a promising option for users seeking a budget-friendly iPhone. A popular tipster, Digital Chat Station, shared details on Weibo suggesting the iPhone 17e will undergo a major design overhaul, though specifics remain unclear. One confirmed change is the replacement…