Ola Electric, the SoftBank-backed electric vehicle (EV) maker, is likely to pursue a valuation of approximately $4.5 billion in its upcoming initial public offering (IPO), marking about 18 per cent decrease from its last funding round valuation of around $5.5 billion, according to industry sources. The Bhavish Aggarwal-founded firm aims to file for the IPO by next month, according to people familiar with the matter. "The strategy is to price the IPO attractively for investors, fostering long-term growth and wealth creation," said a source.
In March 2021, Ola Electric founder Bhavish Aggarwal was seen surveying an empty 500-acre land surrounded by shoe factories, temples, bakery shops, coconut trees and dusty roads in Pochampalli town of Krishnagiri district, Tamil Nadu. Many excavators and workers were busy at the construction site to build the Ola Futurefactory for electric vehicles.
A total 17 people, including Darshan and his friend Pavithra Gowda, are accused in the murder case.
'Is the agenda of the RSS according to the Constitution of India? They talk of Hindu Raj, Hindutva. Is this Constitutional?'
George, who met the media in Malappuram, said the Pune NIV (National Institute of Virology) had confirmed the infection in the boy, who is currently under treatment at a private hospital.
Supporters of Congress leader Syed Naseer Hussain allegedly shouted pro-Pakistan slogans after his victory in the Rajya Sabha elections.
Astronauts aboard the space station have found themselves facing a foe far tinier than any rogue asteroid: A joint study by IIT-Madras and NASA's Jet Propulsion Laboratory -- under Principal Investigator Kasthuri Venkateswaran -- has revealed that strains of the bacterial species Enterobacter bugandensis, a multi-drug resistant superbug, have been hitting the gym in the microgravity crucible. Though the situation at the ISS is slightly unsettling, holding funeral dirges would be an overkill, says Kumar Abishek.
The court suggested setting up a committee to study the issue and recommend rules and guidelines to be followed in schools to avoid such incidents.
There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies. Outlining the sector's wish list for the upcoming Union Budget, Organisation of Pharmaceutical Producers of India (OPPI) Director General Anil Matai urged the government to explore methods to incentivise R&D investments, such as deductions on R&D expenses, research-linked incentives for MNCs, and corporate tax concessions.
The Delhi Police has added the Indian Penal Code section for 'disappearing evidence and giving false information' against Chief Minister Arvind Kejriwal's aide Bibhav Kumar in Aam Aadmi Party MP Swati Maliwal's assault case, an official said on Monday.
A peek into the life of United States Vice President Kamala Harris, the likely Democratic presidential nominee.
WHO has urged people at risk to keep up with their vaccinations with boosters.
The blood samples of the mother of the juvenile allegedly involved in the May 19 Pune Porsche crash case were collected on Monday for DNA testing, a police official said.
As the probe intensified in the Aam Aadmi Party MP Swati Maliwal assault case, as per sources Delhi Police Forensic Science Laboratory team reached Chief Minister Arvind Kejriwal's residence and collected a dump of CCTV cameras.
The 900-page chargesheet, submitted on Thursday in a sessions court, has excluded the 17-year-old boy, whose case is being handled separately by the Juvenile Justice Board.
These are the top buyers of the scrapped electoral bonds, the data for which was released by the Election Commission on Thursday.
In a landmark verdict, the Supreme Court on Monday held that watching and downloading child pornography are offences under the POCSO Act and the information technology law.
A lot of time is spent on giving us the background of the story and establishing the characters but the film is named Kalki and the man is not even born, notes A Ganesh Nadar.
Dr Reddy's Laboratories (DRL) is set to acquire Haleon's global portfolio of consumer healthcare brands in the nicotine replacement therapy (NRT) category outside of the US. DRL will pay a total consideration of 500 million, including an upfront cash consideration of 458 million and contingent cash payments up to 42 million based on performances in CY25 and CY26. DRL will acquire the portfolio through the purchase of shares of Northstar Switzerland SARL, a Haleon group firm.
According to the police, the incident occurred on Wednesday evening when the victim's family reported the kidnapping of their daughter from the Kapashera area.
Pollution levels in the Seine have raised health concerns for athletes participating in swimming events
The Delhi high court has directed a Noida resident to remove her social media posts that alleged she found a centipede in a tub of Amul ice cream bought by her.
Most of the pharma units are failing in documentation, and validation processes, and many don't have full-fledged quality control laboratories.
Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks (trading below Rs 10), you would have become a millionaire by now.
The Delhi Police on Monday took Bibhav Kumar, who is allegedly involved in an assault on Aam Aadmi Party MP Swati Maliwal, to Delhi Chief Minister Arvind Kejriwal's residence for a recreation of the alleged crime scene, an officer said.
The market regulator's newly proposed selection criteria for the over Rs 400-trillion-a-day futures and options (F&O) market could pave the way for the entry of popular stocks such as Life Insurance Corporation (LIC) of India, Jio Financial Services, Zomato, Paytm, DMart, and Adani Energy into the derivatives segment. The Indian derivatives market, which accounts for most of the trading volumes, could see big churn with over two dozen exits from the current list of 182 stocks due to an upward revision in the eligibility thresholds.
The third and final test in the series of landing experiment (LEX-03) was conducted at 07:10 1ST at the Aeronautical Test Range in Chitradurga, Karnataka.
When the Oracle at Delphi famously told Croesus, King of Lydia, that if he waged war on the Persians he would destroy a great kingdom, he was delighted.
It said the tests were carried out against high-speed unmanned aerial targets under different interception scenarios.
The Punjab and Haryana high court on Wednesday ordered the Haryana government to remove within a week the barricading set up at the Shambhu border near Ambala where farmers have been camping since February 13 when their 'Delhi Chalo' march was stopped.
At 8.04 am IST on Monday, May 7, 2024, Indian-origin astronaut Sunita Williams and Barry Wilmore will fly to space as the first crewed mission of Boeing's Starliner.
The clashes broke out this morning when protesters attending a non-cooperation programme to demand the government's resignation faced opposition from the supporters of the Awami League, Chhatra League, and Jubo League activists.
The L-G will take decisions on police, officers of all-India services such as the IAS and the IPS, and giving sanction for prosecution in various cases.
A reading of the reports suggests that there is no standard practice for reporting political contributions and it is left to the company's discretion to report them as they find fit.
The bodies were charred beyond recognition. The DNA samples of the bodies and the victim's relatives have been collected for identification of the deceased, they said.
'The Bodos and the Assamese were at each other's throats, the Assamese Muslims and the Bengali Muslims were at each other's throats, the Bengali speaking Muslims and Hindus were coming together against the Assamese speaking caste Hindus and the plains tribes and vice versa.'
The Bharatiya Janata Party (BJP) on Sunday pledged to make 30 million 'Lakhpati Didis', up from the 10 million rural women who have already achieved the feat. Prime Minister Narendra Modi on Sunday released the BJP's manifesto for the upcoming Lok Sabha elections. The manifesto says the ruling party will continue the quarterly financial disbursements under the Pradhan Mantri Kisan Samman Nidhi (PM KISAN) yojana.
A three-member committee conducting inquiry into alleged manipulation of the blood samples of the juvenile driver involved in the Porsche car crash on Tuesday visited the Sassoon General Hospital in Pune, and also met the police officials who are probing the case.
State health minister Veena George said a meeting was held between the principal secretary of the health department and the Union health ministry earlier in the day and now the monoclonal antibody has arrived.
With farm Acts out of the picture, the government may look at reforming the input side of the agriculture sector - regulations and rules that govern seeds, fertilisers and plant chemicals. Sources said such a blueprint, which is aimed at making the life of farmers easier, with quicker approvals but not compromising on quality, is in the works as part of the 100-day agenda of Modi 3.0. Also, ways to administer fertiliser subsidy more effectively and cutting down on leakages and diversions to build on the success of neem-coated urea are being thought of.
