News - The Purbottar

14 Apr

UPI transactions rise to 18.3 billion in March

editorBusiness, News

India's Unified Payments Interface (UPI) recorded a robust 13.6 percent growth in transaction volumes in March, hitting a new peak of 18.30 billion transactions, according to the latest data released by the National Payments Corporation of India (NPCI). While the top five UPI apps - PhonePe, Google Pay, Paytm, Navi and Super.money - retained their rankings, Axis Bank moved to the sixth spot, overtaking fintech unicorn CRED, which slipped to the seventh spot. This shift follows a similar pattern seen in February, when Super.money displaced CRED to enter the top five. In March, Axis Bank's growth was driven by a…

12 Apr

India’s vegetable oil imports fall 16% in March

editorBusiness, News

New Delhi, India's vegetable oil imports fell 16 percent to 9.98 lakh tonnes in March due to a sharp drop in crude sunflower oil shipments, according to industry data.In a statement on Friday, the Solvent Extractors Association of India (SEA) said imports of vegetable oils (edible and non-edible) declined to 9,98,344 tonnes in March 2025 from 11,82,152 tonnes in the same month last year.Edible oil imports declined to 9,70,602 tonnes in March 2025 from 11,49,681 tonnes in the same period a year ago. Imports of crude sunflower oil declined to 1,90,645 tonnes last month from 4,45,723 tonnes in March 2024.Arrivals…

11 Apr

Silver futures rise by Rs 1,216 to Rs 92,811 per kg

editorBusiness, News

New Delhi, Apr 11: Silver prices rose by Rs 1,216 to Rs 92,811 per kg in futures trade on Friday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 1,216, or 1.33 percent, to Rs 92,811 per kg in a business turnover of 19,617 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 1.99 percent higher at $31.37 an ounce in New York.

10 Apr

IDBI Bank shares jump after DIPAM secretary says divestment progress is on track

editorBusiness, News

DIPAM secretary Arunish Chawla said the long-awaited IDBI Bank divestment by the government is progressing rapidly, with several key steps being taken. IDBI Bank shares rallied over 3 per cent on April 9. Speaking to CNBC-TV18 earlier this week, Chawla described the 'multi-stage' process as 'quite complex' involving multiple work-streams running in parallel. "The virtual data room is active, all queries are being answered, we are negotiating the shareholders' agreement, and we have already appointed an asset valuer," Chawla said, adding, "Everything is moving like a parallel computer." The DIPAM secretary refrained from giving any specific timelines, but indicated that…

09 Apr

Adani Group shares rise after huge fall

editorBusiness, News

New Delhi, Shares of all 11 listed companies of Adani Group rose on Tuesday. All these companies remained in a strong position, recovering from the previous day's fall amid improvement in the stock market.Shares of Adani Enterprises rose 3.27 percent, Adani Total Gas 3.27 percent, Adani Energy Solutions 3.23 percent and Ambuja Cements 2.53 percent on BSE.ACC shares rose 2.32 percent, Adani Wilmar 2.24 percent, Adani Ports 1.72 percent, Sanghi Industries 1.62 percent, NDTV 1.06 percent, Adani Power 0.54 percent and Adani Green Energy 0.30 percent.The combined market valuation of all 11 companies stood at Rs 12,18,530 crore. Stock markets…

08 Apr

Gold prices fall for second consecutive session, down ₹1,550 to ₹91,450/10 gram on trade war fears; silver prices fall ₹3,000

editorBusiness, News

Domestic gold prices fell by ₹1,550 to ₹91,450 per 10 gram (24 carat, 99% purity) in the national capital on Monday, falling for the second consecutive session amid continued selling by jewellers and investors amid weak global trends, All India Sarafa Association reported. Gold of 99.5% purity (22 carat) closed at ₹91,000 per 10 gram on Monday, April 7. On Friday, gold prices closed at ₹93,000 per 10 gram (24 carat) and ₹92,550 (22 carat).Silver prices also declined on Monday, continuing its decline for the fifth consecutive session, falling by Rs 3,000 to Rs 92,500 per kg. Silver prices closed…

07 Apr

ONGC, Oil India shares fall up to 8% – Key factors explained

editorBusiness, News

Shares of state-run oil explorers Oil India Ltd and Oil and Natural Gas Corporation Ltd (ONGC) fell up to 8% on Friday, April 4, following a massive drop in crude oil prices overnight.Both Brent and WTI crude declined nearly 7% on Thursday. While WTI fell towards the $66 per barrel mark, Brent prices dropped to $70 per barrel.This drop in Brent crude was caused by the Organization of Petroleum Exporting Countries (OPEC+) announcing an unexpected, larger-than-expected production hike. While OPEC+ had planned to raise production by 1.38 million barrels per day in May, they announced a 4.11 million barrel per…

05 Apr

Here are four reasons why HDFC Bank share price jumped 2.6% after its fourth quarter update:

editorBusiness, News

HDFC Bank share price rose 2.6% to hit an intra-day high of Rs 1,841.95. It is the top gainer on the Nifty 50. The surge in share price came after the company reported its business update about the fourth quarter of FY25. HDFC Bank: Deposit growth jumps 14% in Q4The country’s largest private sector lender reported that its deposits grew 14.1% year-on-year in the fourth quarter of FY25, rising 5.9% on a sequential basis to Rs 27.15 lakh crore. Its gross advances grew 5.4% year-on-year and 4% on a quarter-on-quarter basis to Rs 26.44 lakh crore. HDFC Bank: Credit outlook…

04 Apr

Bank of Baroda shares jump, global turnover rises over 11% to ₹27 lakh crore in March quarter

editorBusiness, News

Bank of Baroda updated its March quarter turnover for the 2024-25 financial year (Q4FY25) on Thursday, April 3. The public sector bank's global turnover rose 11.44% to ₹27.03 lakh crore as of March 31, 2025, from ₹24.25 lakh crore in the same period a year ago. Bank of Baroda shares jumped 3.02% to hit an intra-day high of ₹238.50 per share on the National Stock Exchange (NSE) on Thursday. Its global advances stood at ₹12.31 lakh crore, a 12.88% year-on-year rise from ₹11.73 lakh crore in Q4FY24. Meanwhile, its domestic advances grew 13.70% to ₹12.31 lakh crore from ₹8.98 lakh…

03 Apr

Kalyan Jewellers shares surge 13%, gain touches 26% in 3 weeks

editorBusiness, News

Kalyan Jewellers share price rallied over 13 percent in heavy trading on Wednesday, extending gains to 26 percent in the last three weeks. Fresh buying was also witnessed as gold hit a new all-time high, touching close to Rs 91,000 per 10 gram. Shares of Kalyan Jewellers India rallied 13.18 percent to hit a high of Rs 518.4 per share on the NSE. The stock pared some of its gains and closed at Rs 512.8 per share, up 11.95 per cent. The stock has rebounded after three consecutive days of decline. A total of 3.8 crore shares of Kalyan Jewellers…