News - The Purbottar

18 Aug

Crude oil futures reduce on weak spot demand

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New Delhi: Crude oil futures on Monday fell by Rs 102 to Rs 5,498 per barrel as traders offloaded their positions on weak spot demand. At the Multi-Commodity Exchange, crude oil contracts for September delivery fell by Rs 102, or 1.82 percent, to Rs 5,498 per barrel in a business turnover of 6,275 lots. Analysts said trimming of positions by traders amid weak spot demand put pressure on prices. Globally, West Texas Intermediate crude for September contract in New York was trading 0.11 percent higher at $62.87 per barrel, while Brent crude for October contract fell 0.03 percent to $65.83…

14 Aug

Vishal Mega Mart shares upgrade 8% to all-time high on strong earnings

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Vishal Mega Mart shares hit an all-time high on Thursday, August 14, after the company announced stellar June quarter results. Vishal Mega Mart on Wednesday reported a 37.2% year-on-year rise in its consolidated net profit to ₹206 crore in the first quarter of financial year 2025-26 (Q1FY26). Its profit stood at ₹150 crore in the same period of the previous fiscal. The rise in its profit was due to improved cost efficiency across all regions and the benefits of operating leverage that came with its expansion. The company's revenue from operations during the quarter under review grew 21% year-on-year to…

13 Aug

Aditya Birla Lifestyle Q1 profit upgrade 5%

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New Delhi: Aditya Birla Lifestyle Brands Ltd (ABLBL) on Wednesday reported that its consolidated net profit rose 4.92 per cent to Rs 24.06 crore in the June quarter of FY26. It had reported a net profit of Rs 22.93 crore in the April-June period a year ago, according to a regulatory filing by the Aditya Birla Group, formed after the split of the Madura Fashion & Lifestyle business. This is the first quarterly result of ABLBL, which was listed on the bourses on June 23, 2025, after the split. ABLBL's operating revenue grew 3.14 per cent to Rs 1,840.58 crore…

12 Aug

SECI profit upgrade 15% to Rs 502 crore in FY25

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New Delhi, State-owned Solar Energy Corporation of India (SECI) on Monday reported a 15 percent rise in its net profit to Rs 501.92 crore in FY2024-25, mainly on the back of higher revenues. As per the audited standalone financial results for the year ending March 31, 2025, SECI has recorded revenue from operations of Rs 15,185.10 crore and profit after tax (PAT) of Rs 501.92 crore, the company statement said. In comparison, it reported that SECI's revenue from operations for FY2023-24 stood at Rs 13,035.07 crore and profit after tax at Rs 436.03 crore. Santosh Kumar Sarangi, Secretary, Ministry of…

11 Aug

DOMS Industries shares jump 12% on heavy trading

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Stationery products maker DOMS Industries shares rose 12.34% to hit a high of ₹2,570 on the BSE. On the National Stock Exchange, DOMS Industries shares rose 12.29% to hit a high of ₹2,569 on Friday due to heavier than usual trading after the announcement of its June quarter results. DOMS Industries reported a net profit of ₹59 crore in the first quarter of the current financial year (Q1FY26), up 9% from ₹54 crore in the corresponding period last year. Its revenue from operations rose 26% year-on-year to ₹562 crore in the April-June period from ₹445 crore in the same period…

09 Aug

India To Overtake US & Be No. 1 ChatGPT Market Soon

Purbalee DuttaNews

OpenAI has unveiled GPT-5, its latest and most advanced AI model, now accessible to both free and paid ChatGPT users, as well as developers via API. The company stated that GPT-5 brings enhanced reasoning, speed, accuracy, and mathematical performance. During the launch event, CEO Sam Altman emphasized India's increasing significance, noting, “India is our second-largest market after the U.S., and could soon become our biggest.” He praised the innovative ways Indians are using AI and confirmed that OpenAI is collaborating with local partners to boost AI affordability and accessibility in the country. Altman also announced plans to visit India in…

08 Aug

SBI’s first quarter profit upgrade 12% to Rs 19,160 crore

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New Delhi, The country's largest lender SBI on Friday reported that its standalone net profit rose 12 percent to Rs 19,160 crore in the first quarter of the current financial year. The bank had earned a net profit of Rs 17,035 crore in the same quarter of the previous fiscal. Total income in the June quarter of 2025-26 rose to Rs 1,35,342 crore from Rs 1,22,688 crore a year ago, State Bank of India said in a regulatory filing. Interest earned by the bank rose to Rs 1,17,996 crore from Rs 1,11,526 crore in the June quarter of FY 2025.…

07 Aug

Silver futures prices upgrade: Rs 1,14,623 per kg

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New Delhi, Silver prices rose by Rs 968 to Rs 1,14,623 per kg in futures trade on Thursday as participants increased their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery rose by Rs 968, or 0.85 per cent, to Rs 1,14,623 per kg in a business turnover of 16,647 lots. Analysts said fresh deals by participants led to the rise in silver prices. However, silver was trading 0.85 per cent higher at $38.15 an ounce in New York.

06 Aug

Crude oil futures upgrade due to spot demand

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New Delhi, Crude oil prices rose by Rs 15 to Rs 5,763 per barrel in futures trade on Wednesday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 15 or 0.26 percent to Rs 5,763 per barrel in a business of 8,675 lots. Analysts said crude oil prices rose in futures trade as participants increased their deals. Globally, West Texas Intermediate crude was trading 0.58 percent higher at $65.54 per barrel in New York, while Brent crude rose 0.62 percent…

05 Aug

Silver futures upgrade: New deals push prices higher

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New Delhi, Silver prices rose by Rs 26 to Rs 1,12,262 per kg in futures trade on Tuesday as participants increased their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery rose by Rs 26, or 0.02 percent, to Rs 1,12,262 per kg in a business turnover of 18,706 lots. Analysts said buying of new deals by participants led to the rise in silver prices. However, silver was trading 0.13 percent lower at $37.36 an ounce in New York.