News - The Purbottar

16 Sep

Suzlon Energy upgrade 2% after bagging largest order of FY26

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Shares of Suzlon Energy rose over 2% to hit an all-time high of ₹59.28 per share on Tuesday, September 16, after bagging its largest order for FY2025-26. The renewable energy company has received an 838 MW order from Tata Power Renewable Energy Ltd (TPREL) under its Firm and Dispatchable Renewable Energy (FDRE) project. This is Suzlon’s second-largest order ever after the 1,544 MW order from NTPC Green Energy, and reflects the growing role of FDRE projects in accelerating India’s energy transition, the company said. The 838 MW project will consist of Suzlon's 266 S144 wind turbines, each with a rated…

15 Sep

Coriander futures prices upgrade on demand

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New Delhi, Coriander prices on Monday rose by Rs 44 to Rs 8,096 per quintal in futures trade as speculators increased their positions in view of a firm trend in the spot market. At NCDEX, coriander contracts for October delivery rose by Rs 44, or 0.54 per cent, to Rs 8,096 per quintal in a business turnover of 14,360 lots. Market analysts said coriander prices rose due to a firm trend in the spot market and limited supplies from producing regions.

13 Sep

Infosys share price inflation over 2% on record ₹18,000 crore buyback programme

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Infosys share price: Shares of information technology services major Infosys rose over 2% on Friday, September 12, after the company's board of directors approved its largest ever share buyback programme of ₹18,000 crore. This share buyback programme of Infosys matches the largest ever plan of IT major TCS. In 2022, Tata Consultancy Services had bought back 4 crore shares worth ₹18,000 crore at ₹4,500 per share. Infosys Share Price At 12:36 pm, Infosys shares were trading 1.23% higher at ₹1,528.30 per share on the National Stock Exchange. It has a market capitalization of ₹6,34,583.41 crore. Intraday, it rose 2.19% to…

12 Sep

Retail inflation upsurge to 2.07% in August; food prices remain in deflationary territory

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Core retail inflation rose marginally to 2.07% in August 2025 from 1.61% in July, well within the Reserve Bank of India's target range, according to official data released on Friday. The RBI has been directed not to allow inflation to rise beyond its tolerance range of 2%-6% for more than three consecutive quarters. Consumer Price Index (CPI) inflation in August rose 46 basis points year-on-year over the previous month, driven mainly by increased prices of vegetables, meat and fish, edible oils, eggs and personal care items. The National Statistical Office said, "The increase in core inflation and food inflation during…

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.