Latest - The Purbottar

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

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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

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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…

14 Aug

JSW Cement IPO Listing: Shares Debut With 4% Premium

Purbalee DuttaLatest

JSW Cement, a part of the JSW Group, made a modest stock market debut on Thursday, August 14. The shares listed at ₹153.50 on the NSE, marking a 4.42% gain over the issue price of ₹147, and at ₹153 on the BSE, reflecting a 4% premium. This listing closely aligned with grey market expectations, where the stock was trading at a 3% premium prior to listing. The IPO, open from August 7 to 11, received strong investor interest, drawing over 12.75 lakh applications and getting subscribed 7.77 times. The QIB segment saw the highest demand at 15.80 times, followed by…

08 Aug

TCS Layoffs Herald AI Shakeup Of $283 Billion Outsourcing Sector

Purbalee DuttaLatest

Tata Consultancy Services' (TCS) decision to cut over 12,000 jobs marks the beginning of a larger AI-driven transformation in India’s $283 billion IT sector, experts say. While TCS attributed the 2% workforce reduction to skill mismatches, analysts believe this signals a deeper shift that could lead to the loss of up to 500,000 jobs in the next 2–3 years. The layoffs, primarily affecting middle and senior management, are the largest ever by India’s top private employer. AI is increasingly replacing roles in coding, manual testing, and customer support, impacting a sector that employs 5.67 million people and contributes over 7%…

22 Jan

Retaliatory actions included denial of employment and attempts to terminate his position

editorLatest

Travis Dawson, a former senior policy adviser to ex-premier Annastacia Palaszczuk, has had his damages claim against the state government struck out for the fifth time. Dawson alleges reprisals were taken against him by several top advisers after he disclosed information under the Public Interest Disclosure Act concerning David Barbagallo, Palaszczuk's ex-chief of staff. The reprisals allegedly included denial of employment and attempts to terminate his position. The Crime and Corruption Commission had previously cleared Barbagallo of corrupt conduct but noted a breach in the code of conduct for not disclosing his directorship. Justice Glenn Martin has ordered Dawson to…

22 Jan

Pete Hegseth’s Ex-Wife Feared for Her Safety, Says Former Sister-in-Law

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Pete Hegseth, President Trump's nominee for Secretary of Defense, is facing serious allegations of abusive behavior towards his ex-wife, Samantha Hegseth. Danielle Hegseth, his former sister-in-law, provided a sworn statement claiming that Pete exhibited "erratic and aggressive" behavior, causing Samantha to fear for her safety. Additional allegations against Hegseth include rape, excessive drinking, and misuse of public funds, all of which he has denied. Despite these claims, the Senate Armed Services Committee narrowly approved his nomination, moving it to a full Senate vote. Democrats have criticized the incomplete FBI background check on Hegseth, arguing it failed to thoroughly investigate the…