News - The Purbottar

25 Jun

Oil rise up on strong dollar and strong fuel demand; Brent crude at $85.77/bbl

Priyanka RoyBusiness, News

Oil prices rose slightly on Monday as strong summer fuel demand and rising geopolitical tensions helped offset the impact of a stronger dollar.Brent futures for August delivery rose 53 cents to $85.77 a barrel, representing a gain of 0.6% by 11:38 a.m. EST (1538 GMT). Meanwhile, US crude futures rose 65 cents to $81.38 a barrel, representing a gain of 0.8%. Last week, both benchmarks recorded a 3% rise, their second consecutive weekly rise.“Crude oil prices witnessed significant volatility and declined from recent highs due to dollar index strength and mixed global economic data. The dollar index hit its highest…

25 Jun

India’s current account deficit (CAD) down to 0.7 percent of GDP, records surplus of 0.6% in Q4: RBI

Priyanka RoyBusiness, News

India recorded a current account surplus in the last quarter of the last financial year due to higher service income. Additionally, the Reserve Bank of India (RBI) on Monday said the overall current account deficit for FY2024 has narrowed due to decline in goods trade deficit. India's current account deficit (CAD) declined to 0.7 percent of GDP or $23.2 billion in FY2024 from 2 percent of GDP or $67 billion last year. “Sequential decline in CAD in Q4:2022-23 mainly due to narrowing in trade deficit with stronger services trade from US$71.3 billion in Q4:2022-23 to US$52.6 billion in Q4:2022-23 Went.…

22 Jun

Manufacturing PMI araise to 60.9 in June, job creation fastest in 18 years: Survey

Priyanka RoyBusiness, News

According to the HSBC survey, the final manufacturing, services and composite purchasing managers' index (PMI) figure rose 0.4 percentage points to 60.9 in June, compared with a revised figure of 60.5 in May.According to a survey, business activity in the country became stronger in June due to growth in manufacturing and services sectors and the pace of job creation became the fastest in 18 years.“The composite output index expansion further in June, supported by an grow in new orders, which led companies to rise hiring in both sectors. Input prices softened slightly in June, resulting in margin improvement, especially for…

21 Jun

Anurag Kashyap report about differences with Abhay Deol and Pankaj Jha

Priyanka RoyBollywood, Entertainment, News

'Abhay Deol can call me toxic, but if I speak the truth, he won't be able to face it,' says Anurag Kashyap on his differences with the actor during Dev D. He also talked about the controversy related to him and Pankaj Jha. , Anurag Kashyap, who recently came up with his film Bad Cop, has been actively promoting his projects as an actor for a change. In a recent interview, the filmmaker-actor talked about his misunderstandings with actors Abhay Deol and Pankaj Jha.While she described her episode with Pankaj Jha as a complete misunderstanding, she had a completely different…

20 Jun

SBI to inflation ₹20,000 crore through long-term bonds in FY2025

Priyanka RoyBusiness, News

State Bank of India (SBI) announced board approval to raise up to ₹20,000 crore through long-term bonds in FY 2024-25. The central board meeting on June 19, 2024, approved raising funds through public issue or private placement.At the time of writing, SBI shares are trading at ₹846.65 which is 0.70% lower than its previous close. The stock has seen a total rise of 49% in the past year and 32% since the beginning of the year.In January, SBI raised ₹5,000 crore through perpetual bonds at a coupon rate of 8.34%. In the last financial year, SBI had issued 15-year infrastructure…

19 Jun

Direct tax collections boost 21% to Rs 4.62 lakh crore from higher corporate advance tax

Priyanka RoyBusiness, News

The first installment of advance tax, which was due on June 15, saw accumulation inflation 27.34% to Rs 1.48 lakh crore. This includes Corporation Income Tax (CIT) of Rs 1.14 lakh crore and Personal Income Tax of Rs 34,470 crore. Net direct tax collections have jumped by 21 percent to over Rs 4.62 lakh crore so far this financial year due to higher advance tax payments by corporates. The first installment of advance tax, which was due on June 15, saw collections inflation 27.34% to Rs 1.48 lakh crore. This includes Corporation Income Tax (CIT) of Rs 1.14 lakh crore…

18 Jun

Diljit Dosanjh told he can’t bargain, has never done everyday tasks: ‘I have never booked a hotel or a cab in my life’

Priyanka RoyEntertainment, News

While Diljit Dosanjh is busy making India proud abroad, the singer recently shared in a chat how he always wanted to be famous growing up. He also told how he doesn't do everyday tasks like booking cabs and flights and is also not good with money.Talking to Raj Shamani, he said, "When I was a child, I used to pray to God that everyone should know me, but I don't want to know anyone." This was a childish thing. I thought I loved music, so this was the only way to achieve my dreams. I'm not good at finances, and…

15 Jun

SBI boost MCLR by 10 bps for all tenors

Priyanka RoyBusiness, News

State Bank of India (SBI) has increased the marginal cost of funds-based lending rate (MCLR) by 10 basis points (bps) for all tenors. The MCLR hike by SBI comes days after the Reserve Bank of India (RBI) left the key policy rate unchanged.This move is likely to be followed by other lenders, resulting in loans becoming costlier for borrowers.The country's largest lender has revised the one-year MCLR from 8.65 percent to 8.75 percent. Overnight MCLR has been increased from 8 percent to 8.1 percent. One and three month MCLR has been increased to 8.3 percent from earlier 8.2 percent.The revised…

13 Jun

Retail inflation decay to 12-month low of 4.75% in May

Priyanka RoyBusiness, News

Retail inflation fell to a one-year low of 4.75% in May as prices of some kitchen items declined marginally, according to government data released on Wednesday. Consumer Price Index (CPI) based retail inflation stood at 4.83 percent in April 2024 and 4.31% in May 2023 (previous low). According to data released by the National Statistical Office (NSO), inflation in the food basket stood at 8.69% in May, slightly lower than 8.70% in April. A headline price increase has seen a gradual decline since February 2024, albeit in a narrow range from 5.1% in February to 4.8% in April 2024. The…

12 Jun

Body of unknown person retrieved in Bagdogra

Priyanka RoyNews, North Bengal, Siliguri

Bagdogra, June 12: A tragic incident came to light in Bagdogra where the body of an unidentified person was found. According to the information, local people noticed a dead body under the fly over at Bihar turn of Bagdogra. After this, information about the matter was given to Bagdogra police station. Police without delay reached the spot, recovered the body and took it to North Bengal Medical College and Hospital for post-mortem. Police sources contemplate that the person might have fallen from the fly over in the dark of night. However, the complete occurrence is being further investigated.