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15 Oct

Stocks to watch: Tech Mahindra, Axis Bank, IRFC, ICICI Lombard in focus today

Purbalee DuttaLatest

Both benchmark indices, Sensex and Nifty 50, ended lower on Tuesday, October 14, marking their second consecutive session of decline due to weak global sentiment. The Sensex dropped 297 points, or 0.36%, to close at 82,029.98, while the Nifty 50 fell 82 points, or 0.32%, to 25,145.50. Markets opened higher but soon lost momentum as renewed U.S.–China trade tensions outweighed positive domestic factors. The Nifty briefly touched 25,300 before retreating. Most sectors ended in the red, with metals, pharmaceuticals, and real estate stocks leading the losses, though select financial and private banking shares lent some support. Broader markets also weakened,…

06 Oct

Stocks making the big moves midday

Purbalee DuttaLatest

The Nifty inched up, while the Sensex gained 376 points, with mid- and small-cap stocks also witnessing buying interest. However, several individual stocks stood out in Monday’s trade. Aditya Birla Lifestyle Brands surged 11% to an intraday high of ₹151 on the NSE following a large block deal. As per CNBC Awaaz, over 7 crore shares, amounting to 5.93% of the company’s equity, changed hands during the session. Hospital stocks rallied sharply after the government revised the Central Government Health Services (CGHS) package rates, energizing investor sentiment across the healthcare sector. Delhivery shares rose 4.2% on the BSE, hitting ₹455.75…

01 Sep

What Is The E20 Fuel Controversy In India All About?

Purbalee DuttaLatest

India has begun rolling out E20 fuel—a blend of 80% petrol and 20% ethanol—as part of its efforts to reduce oil imports, cut carbon emissions, and support sugarcane farmers. However, the move has sparked controversy, prompting the Supreme Court to hear a public interest litigation on the matter. While E20 fuel has been gradually introduced since 2023, older blends like E5 and E10—more compatible with older vehicles—have been phased out across most of India’s 90,000 fuel stations. Although ethanol is cheaper than petrol, E20 is priced nearly the same at fuel pumps. The main concern for consumers is reduced mileage.…

30 Aug

Rupee Crashes 51 Paise

Purbalee DuttaLatest

The Indian rupee breached the 88-mark for the first time on Friday, closing at a record low of 88.09 against the US dollar, down 51 paise, amid heavy foreign fund outflows and escalating trade tensions between India and the US. Forex traders cited persistent pressure from steep US tariffs, sustained FII selling, and increased month-end dollar demand. The rupee opened at 87.73 and hit an intra-day low of 88.33 before settling at 88.09. This surpassed the previous closing low of 87.88 on August 5 and the prior intra-day record of 87.95 set in February. Analysts expect further weakness in the…

21 Aug

Jefferies Maintains HDFC As A Top Pick With A 21% Upside

Purbalee DuttaLatest

Jefferies continues to list HDFC Bank as one of its top investment picks, maintaining a ‘Buy’ rating with a target price of ₹2,400, indicating a 21% upside from current levels. The brokerage highlights stable asset quality, strong growth prospects, and merger synergies within the HDFC Group as key drivers for earnings and return on equity (ROE). Management reaffirmed its commitment to loan growth and expects deposit growth at a steady 16%, which Jefferies sees as core strengths. The bank’s stable asset quality, especially in retail and SME segments, is likely to boost its lending capacity. Jefferies expects credit growth to…

20 Aug

‘India Profiteering From Russian Oil’ Says Who?

Purbalee DuttaLatest

U.S. Treasury Secretary Scott Bessent has accused India of "profiteering" from discounted Russian crude, alleging that New Delhi has engaged in arbitrage trading during the Ukraine war. In an interview with CNBC, Bessent claimed India now sources 42% of its crude imports from Russia, up from less than 1% before the conflict. “India is just profiteering. They’re reselling,” he said, calling it “Indian arbitrage”—buying cheap Russian oil and selling it as refined product, which he termed unacceptable. This comes as the U.S. imposed a 25% tariff on Indian goods, with an additional 25% set to take effect on August 27,…

18 Aug

Consumer Durable Companies Faced A Downward Trend

Purbalee DuttaLatest

Consumer durables companies had a challenging first quarter of FY26, largely due to weak demand for summer products, as per a Union Bank of India Research report. The early arrival of the monsoon shortened the summer season, significantly impacting sales of cooling appliances like air conditioners and coolers, which dropped over 30% year-on-year. Sales of fans and refrigerators also saw double-digit declines. Overall, combined revenue of the tracked companies remained flat at ₹273 billion. Electrical companies fared better, with a 4% increase in sales to ₹166 billion, while durables declined 8% to ₹107 billion. Wires and cables showed strong growth,…

14 Aug

Cognizant To Give Salary Hikes To 80%

Purbalee DuttaLatest

On Thursday, August 14, Cognizant announced that around 80% of eligible employees will receive merit-based salary hikes starting November 1, 2025. The hikes will apply to roles up to the Senior Associate level, with the amount varying depending on location and individual performance. In India, high-performing employees can expect increases in the high single digits. The company noted that top performers will receive the most substantial hikes and mentioned that many associates have already received their best bonuses over the past three years. This update follows Cognizant’s strong Q2 results, reporting an 8.1% year-on-year revenue growth to $5.25 billion and…

04 Aug

Apple Is Developing ChatGPT Like Product

Purbalee DuttaLatest

Apple is intensifying its efforts in the artificial intelligence (AI) space by reportedly developing a ChatGPT-like answer engine. ChatGPT, owned by OpenAI, is widely popular among consumers and businesses for its conversational AI capabilities. Interestingly, Apple already collaborates with OpenAI to integrate ChatGPT with its own AI systems. According to Mark Gurman, Apple has created a new team named AKI (Answers, Knowledge, and Information) tasked with building a proprietary ChatGPT-style search experience. Despite these moves, Apple has yet to convince users of its AI prowess. Features once promised with Siri are already available on some Chinese smartphones but not on…

16 Jul

New partnership to promote lemongrass cultivation in Tripura

Sonakshi SarkarLatest

Tripura University has signed a Memorandum of Understanding (MoU) with the CSIR-Institute of Himalayan Bioresource Technology (IHBT) to enhance lemongrass cultivation in the state under the national Aroma Mission. The initiative is expected to boost rural entrepreneurship, especially among women, and promote eco-friendly practices using science and technology. The MoU, signed on July 2, 2025, formalizes a collaborative partnership that brings together academic expertise, research capacity, and field-level engagement. The pact was inked between representatives of CSIR-IHBT and the Internal Quality Assurance Cell (IQAC) of Tripura University, with both institutions committing to joint research, farmer training, and the commercial scaling…