News - The Purbottar

11 Sep

Adani Power receives LoA from MPPMCL for total 1,600 MW capacity, shares upgrade nearly 3%

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Shares of Adani Power rose nearly 2.9% to hit a high of ₹653 per share on the National Stock Exchange (NSE). The stock opened at ₹638.50, up from its previous close of ₹634.45. The surge in stock price came after the company informed the exchange that it has received an additional Letter of Award (LoA) from MP Power Management Company Limited (MPPMCL) for supply of 800 MW power from its upcoming ultra-supercritical thermal project at Anuppur in Madhya Pradesh. The plant will be developed on a Design, Build, Finance, Own and Operate (DBFOO) basis, with fuel to be supplied through…

10 Sep

Guarseed futures prices upgrade due to spot demand

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New Delhi, Guarseed prices rose by Rs 18 to Rs 5,073 per quintal in futures trade on Wednesday as speculators increased the size of their deals amid a firm trend in the spot market. Guarseed contract for October delivery rose by Rs 18 or 0.35 per cent to Rs 5,073 per quintal on the National Commodity and Derivatives Exchange in which 45,990 lots were traded. According to market sources, the rise in guarseed prices was mainly due to speculators increasing their deals, firm trend in the spot market and lower supplies from producing regions.

09 Sep

Glenmark Pharma shares upgrade 3%, subsidiary receives $700 million upfront payment from AbbVie

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Glenmark Pharma shares rose 3% to an intraday high of ₹2,112.60 on Tuesday, September 9. The company announced that its wholly-owned subsidiary has received an upfront payment of $700 million from AbbVie. "This payment is in accordance with agreed contractual terms and is being made under an exclusive global licensing agreement for IGI's key investigational asset, ISB 2001, in the North America, Europe, Japan and Greater China markets," Glenmark said in a regulatory filing. On July 10, 2025, New York-based Ichnos will acquire Glenmark Innovations, Inc. IGI Therapeutics SA, a wholly-owned subsidiary of IGI, and AbbVie have announced an exclusive…

08 Sep

GMDC shares upsurge 20% in two sessions to hit new 52-week high; know why

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GMDC Share Price: Shares of Gujarat Mineral Development Corporation (GMDC) rallied for the second consecutive session on Monday, September 8. The stock rose by 20% in the last two trading sessions to hit a new 52-week high of ₹546.85 on the National Stock Exchange (NSE). On the BSE, GMDC shares hit a new 52-week high of ₹547. The stock came on investors' radar after China lifted its ban on export of rare earth magnets to India last month. Last week alone, GMDC shares rallied 26% and rallied 20% in the last two trading sessions. Meanwhile, the government's renewed focus on…

06 Sep

India’s foreign exchange reserves upgrade to US$ 694.23 billion

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Mumbai, India's foreign exchange reserves rose by US$ 3.51 billion to US$ 694.23 billion in the week ended August 29, the Reserve Bank of India (RBI) said on Friday. The total reserves had declined by US$ 4.386 billion to US$ 690.72 billion in the previous reporting week. Foreign currency assets, a major component of foreign exchange reserves, rose by US$ 1.686 billion to US$ 583.937 billion in the week ended August 29, according to the latest data. Expressed in dollars, foreign currency assets include the impact of appreciation or depreciation of non-US currencies such as the euro, pound and yen…

04 Sep

Coriander futures prices upgrade on demand

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New Delhi: Coriander prices on Thursday rose by Rs 178 to Rs 7,708 per quintal in futures trade as speculators increased their positions following a firm trend in the spot market. At the NCDEX, coriander contracts for October delivery rose by Rs 178, or 2.31 per cent, to Rs 7,708 per quintal with a turnover of 11,600 lots. Market analysts said coriander prices rose on a firm trend in the spot market and restricted supplies from producing regions.

03 Sep

Guarseed futures prices upgrade on spot demand

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New Delhi: Guarseed prices rose by Rs 8 to Rs 5,203 per quintal in futures trade on Wednesday as speculators increased their bets amid a firm trend in the spot market. On the National Commodity and Derivatives Exchange (NCDEX), the price of guarseed contract for October delivery rose by Rs 8, or 0.15 per cent, to Rs 5,203 per quintal in a business turnover of 46,225 lots. According to market sources, guarseed prices rose due to speculators increasing their bets, a firm trend in the spot market and lower supplies from producing regions.

02 Sep

Coal output upgrade 12% in April-August

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New Delhi: Coal production from captive and commercial mines across the country rose 11.88 percent year-on-year to 73.92 million tonnes (MT) during the April-August period of the current fiscal. Dry fuel production from captive and commercial mines was recorded at 66.07 million tonnes in the corresponding period of the previous fiscal. "The cumulative figures up to August for FY 2025-26 show robust year-on-year growth, with production increasing by 11.88 percent and dispatch increasing by 9.12 percent over the corresponding period of the previous year," the coal ministry said in a statement. The increase in production reflects improved operational efficiency across…

01 Sep

NSDL share price rose after dividend record date announcement

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Shares of National Securities Depository Ltd (NSDL) witnessed a surge on Monday, September 1, after the announcement of the record date for dividend payment for FY 2024-25. The stock was trading 2.41% higher at ₹1,267.95 per share at 10:53 am on the Bombay Stock Exchange (BSE). NSDL dividend record date NSDL has fixed Friday, September 19, 2025 as the record date for payment of dividend of ₹2 per equity share of face value of ₹2. A dividend of ₹2 per equity share was recommended during the company's meeting held on May 23. If the dividend is approved during the Annual…

30 Aug

Ola Electric shares upgrade nearly 20% last week

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Shares of Bhavish Aggarwal's Ola Electric Mobility rose 5% to ₹57.50 on Friday, taking the weekly gain to nearly 20%. The shares touched their intraday high of ₹57.50 and lowest of ₹54.32. This rise comes after the company received PLI certification for its third generation scooters; profitability is expected to increase from the second quarter of FY 2026. The company's shares had hit their one-year high of ₹157.40 per share on August 20, 2024, while their 52-week low was ₹39.60 per share on July 14, 2025. Here are some of the key developments fuelling Ola Electric's bull run: PLI certification…