News - The Purbottar

08 Sep

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

editorBusiness, News

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…

29 Aug

Gold futures upsurge: Rs 1,02,268 per 10 grams

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New Delhi: Gold futures on Friday rose by Rs 168 to Rs 1,02,268 per 10 grams on fresh buying by speculators amid strong spot demand. At the Multi Commodity Exchange, gold contracts for October delivery rose by Rs 168, or 0.16 percent, to Rs 1,02,268 per 10 grams in a business turnover of 16,419 lots. Globally, Comex gold futures for December delivery in New York fell 0.20 percent to $3,410.09 an ounce.

28 Aug

Silver futures prices upgrade: Rs 1,16,420 per kg

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New Delhi: Silver prices rose by Rs 323 to Rs 1,16,420 per kg in futures trade on Thursday as participants increased their bets. At the Multi Commodity Exchange, the price of silver contracts for September delivery rose by Rs 323, or 0.28 percent, to Rs 1,16,420 per kg in a business turnover of 8,713 lots. Analysts said fresh bets by participants led to the rise in silver prices. Silver, however, was up 0.45 percent at $38.77 an ounce in New York.

27 Aug

NABARD to upgrade first ECB in FY26

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Mumbai: The National Bank for Agriculture and Rural Development (NABARD) is planning to raise its first external commercial borrowing in FY26, a top official said on Tuesday. NABARD Chairman Shaji KV told reporters here that the institution has received approval from the Reserve Bank of India for such an issuance and is now preparing for it. "We have got the permission and have started working on it," Shaji said while speaking on the sidelines of the annual feedback event here. Shaji said the bank is keen to launch the issue in FY26 itself, though he did not mention any specific…