News - The Purbottar

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…

26 Aug

Vodafone Idea shares upsurge 8% on hopes of AGR relief

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Vodafone Idea shares jumped over 8% to ₹7.6 per share during intraday session on NSE on Monday, August 25. After closing with a 7% gain in the previous session on Friday, it closed 4.6% higher at ₹7.4 per share on the stock exchange. The Prime Minister's Office (PMO) has received an informal note from the Department of Telecommunications (DoT) proposing several relief options for the debt-ridden telco (Vi), Livemint reported citing people familiar with the matter. Following this, the company's shares rose 10% in intraday trade on Friday. The stock's two-day gain was 16%. Vodafone Idea's AGR payment Vodafone Idea…

25 Aug

Crude oil futures upgrade on spot demand

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New Delhi: Crude oil prices rose by Rs 21 to Rs 5,593 per barrel in futures trade on Monday as traders increased their positions following strong spot demand. At the Multi Commodity Exchange, crude oil contracts for September delivery rose by Rs 21, or 0.38 percent, to Rs 5,593 per barrel in a business turnover of 12,667 lots. Analysts said crude oil prices rose in futures trade as participants increased their positions. Globally, West Texas Intermediate crude was trading 0.18 per cent higher at $63.84 per barrel in New York, while Brent crude rose 0.25 percent to $67.90 per barrel.

23 Aug

Zee Entertainment shares upgrade nearly 6% on heavy trading

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Zee Entertainment shares rose 5.93% to hit an all-time high of ₹124 on the BSE. On the National Stock Exchange, Zee Entertainment shares gained 5.98% on higher than usual trading volumes. Zee Entertainment shares traded on the National Stock Exchange more than doubled to over 1.25 crore shares as against an average daily turnover of 66 lakh shares. On the BSE, 11.09 lakh shares were traded in the last two weeks as against an average daily turnover of 2.97 lakh shares. The stock was among the top gainers in the Nifty 500 index. Meanwhile, Zee Entertainment has informed the exchanges…

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

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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…