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The Rig Veda Begins with a Hymn to Agni — Yet Some Dismiss Chhath Puja. How Absurd.

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Weekend Reading The Rig Veda Begins with a Hymn to Agni — Yet Some Dismiss Chhath Puja. How Absurd. The Rig Veda, the oldest surviving Vedic text, opens not with a philosophical discourse or a social code, but with an invocation to Agni, the sacred fire: ऋग्वेद 1.1.1 अग्निमीळे पुरोहितं यज्ञस्य देवमृत्विजम्। होतारं रत्नधातमम्॥ Transliteration Agnim īḷe purohitaṃ yajñasya devam ṛtvijam, hotāraṃ ratnadhātamam. Meaning “I praise Agni, the divine priest of the sacrifice, the sacred officiant, the invoker of the gods, and the bestower of precious blessings.” This opening verse is deeply symbolic. It reflects the Vedic reverence for the elemental forces that sustain life: fire, light, energy, and the cosmic order embodied in nature. Chhath Puja is rooted in the very same ethos. Dedicated to Surya, the Sun God, and Chhathi Maiya — the goddess associated with the sixth day of the lunar fo...

Two Quarters of Loss at SEPC? Read the Tax Line Before the Bottom Line

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence EPC Stock Watch | Deferred Tax Two Quarters of Loss at SEPC? Read the Tax Line Before the Bottom Line SEPC Ltd (₹5) earned ₹49.98 crore before tax in the first half of FY27, up from ₹29.85 crore a year earlier. A ₹119.57 crore deferred-tax write-off then turned it into a reported loss of ₹69.59 crore. Here is what that write-off is, and what it is not. Two quarters of reported loss look alarming on a screener. Read one line higher in the results of SEPC Ltd (₹5) and the picture changes. The company earned money before tax in both quarters. Interestingly, the loss did not come from the underlying EPC operations. It came from the tax line, where the company wrote off tax assets that were close to expiry. So let me put the question every investor should ask before reacting: what exactly is this loss made of? The full numbers are in our 12 November Q2FY27 report . This piece explains the tax li...

BN Agrochem: From Edible Oils to Specialty Chemicals — A Business Transformation in Progress | Q2FY27 Results Today

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Small-Cap Stock Watch BN Agrochem: From Edible Oils to Specialty Chemicals — A Business Transformation in Progress | Q2FY27 Results Today  An upper-circuit close at ₹154.92, a 46.7% recovery from the 30 October low of ₹105.60, 76.24% delivery and a sequential EBITDA recovery: BN Agrochem heads into its September-quarter results with momentum, but valuation and liquidity deserve equal attention. Market data as of 12 November 2026. Results status subject to subsequent exchange announcement. BN Agrochem Ltd (₹154.92) closed Thursday's session, 12 November 2026, at its 5% upper price band, gaining ₹7.37 or 4.99%. The Nifty50 advanced just 0.18% during the same session. The stock's outperformance was conspicuous. The latest move extends a sharp rebound from the 52-week low of ₹105.60 recorded on 30 October. At ₹154.92, the stock has recovered approximately 46.7% in less than two weeks....

SEPC’s Q2FY27 Loss: A ₹95.35 Crore Deferred-Tax Charge Overshadows an Improved Operating Quarter

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Quarterly Results · Infrastructure SEPC’s Q2FY27 Loss: A ₹95.35 Crore Deferred - Tax Charge Overshadows an Improved Operating Quarter Consolidated PBT rose 241% to ₹36.81 crore, H1FY27 EBITDA reached ₹73.04 crore and operating cash outflow narrowed by about ₹100 crore, while a non-cash ₹95.35 crore deferred-tax charge produced the ₹58.54 crore net loss. SEPC Ltd (₹5.40) reported a consolidated net loss of ₹58.54 crore for Q2FY27. Read the line above it first. Consolidated profit before tax rose to ₹36.81 crore, against ₹10.80 crore a year ago, a jump of roughly 241%. The gap between those two numbers has a single cause: a ₹95.35 crore deferred-tax charge. The company describes it as a non-cash accounting adjustment with no effect on cash flows, liquidity or its ability to service debt. Interestingly, the pre-tax improvement came while other income fell from ₹13.61 crore to ₹1.25 crore. Operat...

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