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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…

01 Jul

China Urges Peaceful Talks On Long-Standing Border Dispute With India

Purbalee DuttaArunachal Pradesh, Defence, Latest, North East, Political

China acknowledged on Monday that the border dispute with India is complex and will take time to resolve, but expressed willingness to continue talks on delimitation and maintain peace. During a meeting in Qingdao on June 26, Indian Defence Minister Rajnath Singh proposed to Chinese counterpart Dong Jun a structured roadmap to de-escalate tensions and revive border demarcation mechanisms. China’s Foreign Ministry said both sides have diplomatic and military channels and urged continued dialogue. Singh stressed the need to rebuild trust post-2020 standoff and mentioned the Pahalgam terror attack and India’s Operation Sindoor against Pakistan-based terror networks.

05 Jun

On World ecosystem Day, Tripura Forest Minister urges cooperation in preserving ecosystem

Sonakshi SarkarLatest

As the world marked World Environment Day, Tripura Forest Minister Animesh Debbarma made a heartfelt appeal to citizens across the state to take personal responsibility for protecting nature. Speaking at an event organised by the Tripura Pollution Control Board, the Minister urged every individual to commit to building a greener and more sustainable Tripura. “This day is more than just a date on the calendar — it is a reminder of our shared duty to safeguard the environment,” said Minister Debbarma. “If we fail to keep our surroundings clean, green, and healthy, the damage will fall upon us and our…

19 May

Lungleng welcomes CM Lalduhoma for development talks

Sonakshi SarkarLatest

Mizoram Chief Minister Pu Lalduhoma visited Lungleng village on Friday to review proposed development projects and engage directly with the local community on their needs and aspirations. During the visit, CM Lalduhoma inspected the proposed site for the Territorial Army Battalion Headquarters, a project expected to enhance regional security and boost local employment. He also visited the location earmarked for a new Human Development Centre by Bethel Ministry, aimed at delivering social services to rural and underprivileged residents. The Chief Minister was accompanied by key officials, including Social Welfare Minister Lalrinpuii, local MLA Baryl Vanneihsangi, and Frederick Lalrindika, Speaker and…