News - The Purbottar

19 Sep

Direct tax revenue upgrade by 9% to over ₹10.82 lakh crore

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New Delhi: Net direct tax collections in Delhi so far this financial year have increased by 9.18 percent to over ₹10.82 lakh crore, driven by higher advance tax collections from companies and public sentiment. Between April 1 and September 17, the rate of issuance of advance tax was 24 percent, accounting for ₹1.61 lakh crore. During this period, company directors' tax collections increased by 6.11 percent to over ₹3.52 lakh crore. However, non-corporate pre-tax collections contributed 7.30 percent to over ₹96,784 crore. Between April 1 and September 17, net company collections exceeded ₹4.72 lakh crore, compared to ₹4.50 lakh crore…

18 Sep

Cottonseed oil futures prices decrease due to weak demand

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New Delhi: Cottonseed oil cake prices fell by Rs 9 to Rs 2,914 per quintal in futures trade on Thursday as traders reduced their positions following a weak trend in the spot market. On the National Commodity Exchange (NCDEX), cottonseed oil cake contracts for December delivery fell by Rs 9, or 0.31 percent, to Rs 2,914 per quintal with a turnover of 13,320 lots. Analysts said selling by traders at current levels amid subdued market sentiment mainly led to the fall in cottonseed oil cake prices.

17 Sep

Coriander futures prices upgrade on demand

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New Delhi: Coriander prices rose by Rs 14 to Rs 8,306 per quintal in futures trade on Wednesday as speculators increased their positions, tracking a firm trend in the spot market. On the National Consumer Disputes Redressal Exchange (NCDEX), coriander contracts for October delivery rose by Rs 14, or 0.17 percent, to Rs 8,306 per quintal, with a turnover of 15,660 lots. Market analysts said coriander prices rose due to a firm trend in the spot market and limited supplies from producing regions.

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…