News - The Purbottar

22 Aug

Ola Electric shares decrease 7% after two days of gains

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After two days of gains, Ola Electric shares fell 7% to hit a low of ₹49.50 per share amid profit booking. Market investors also got worried after the release of vehicle (VAHAN) data, which showed that Ola Electric had recorded 9,522 registrations as of August 20, while the figure for Arthur Energy was 10,248. Ola Electric shares rose 30.5% in two sessions as investors reposed faith in the positive sentiment of the company. Founder Bhavish Aggarwal shared plans for upcoming launches and growth strategy in the coming quarters. In an interview to Moneycontrol, Aggarwal said that the products with 4,680…

21 Aug

Crude oil futures upgrade on spot demand

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New Delhi: Crude oil prices rose by Rs 26 to Rs 5,502 per barrel in futures trade on Thursday as traders increased the size of their deals due to strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for September delivery rose by Rs 26, or 0.47 percent, to Rs 5,502 per barrel in a business turnover of 14,675 lots. Analysts said crude oil prices rose in futures trade as participants increased the size of their deals. Globally, West Texas Intermediate crude was trading 0.34 percent higher at $63.05 per barrel in New York, while…

20 Aug

Hyundai Motor shares rose over 13% in two days on hopes of GST rate cut, market capitalisation crosses ₹2 lakh crore

editorBusiness, News

Hyundai Motor shares were in the news today, gaining over 5% to hit a 52-week high of ₹2,549.50 per share on the NSE. Shares of Hyundai Motor India, India's second-largest passenger carmaker after Maruti Suzuki, gained for the second consecutive day. The government has proposed next-generation GST reforms, including rationalisation of GST rates by Diwali 2025. Experts believe that GST 2.0 reforms could reduce GST rates on automobiles from the current 28% to 18%, leading to lower prices and improved sales in the upcoming festive season. Hyundai Motor shares have surged over 13% in the last two trading sessions, while…

19 Aug

Mudra scheme’s NPA to upgrade to 9.8% by March 2025

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New Delhi: The non-performing asset (NPA) rate against loan amount disbursed by scheduled commercial banks under the Pradhan Mantri Mudra Yojana (PMMY) has risen from 5.47 percent at the end of March 2018 to 9.81 percent by March 2025, Parliament was told on Tuesday. Finance Minister Nirmala Sitharaman said in a written reply in the Rajya Sabha that the NPA rate on loan amount disbursed under the Pradhan Mantri Mudra Yojana (PMMY) for scheduled commercial banks by March 2025 is 2.19 percent, while it was 2.71 percent at the end of March 2018. She said the PMMY scheme is primarily…

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…