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.
A key indicator of corporate efficiency may now be better than at any time since the turn of the millennium. The net working capital cycle - a crucial measure that tracks the time a company takes to convert current assets like inventory into sales and then collect the money from customers - has seen remarkable improvement. According to data from the Centre for Monitoring Indian Economy (CMIE), the average company needed nearly 90 days to complete this cycle in 1999-2000.
The top court said since the remit of the panel has been expanded, the committee would submit its report by September 30 on various measures to rectify deficiencies in the examination system.
The National Testing Agency (NTA) on Friday night announced the new dates of cancelled and postponed examinations, including the University Grants Commission-National Eligibility Test, amid a raging row over alleged irregularities in their conduct.
'When I asked whether they would choose a government job that offered Rs 30,000 a month or a private job that offered them Rs 3 lakh a month, without exception, everybody said, "I would rather have the government job!"'
The CBI did not find any large-scale conspiracy in the episode and would limit the charge sheet to offences of attempt to cheat or cheating, they said.
The Union health ministry has advised states to immediately review public health preparedness in view of recent reports indicating a surge in respiratory illness in children in northern China.
'They were ahead of their times. We don't expect this from a civilisation of the first century AD.'
'The Indian private sector knows how to build and run educational organisations, what is needed is a large dose of removal of restrictions.' 'Government restrictions hold back universities in India from launching medical schools,' argue Ajay Shah and Vijay Kelkar.
As weather patterns grow more unpredictable due to climate crisis, India is taking a giant leap with "Mission Mausam" to improve weather understanding and forecasting through expanded observation networks, better modeling and advanced tools like AI and machine learning.
'For any government in India the core ideological issue as far as governance is concerned is very straightforward; which is how do you produce growth of 9 to 10 percent and then use the proceeds of that growth to create a more inclusive society. Unfortunately, for the UPA government there are too many internal ideological divisions for them to be able to tell this large story very clearly,' says Pratap Bhanu Mehta, president, Centre for Policy Research.
Strict screening protocols are to be implemented for passengers arriving from central African countries affected by the outbreak.
After climbing to the highest level in more than five years to 4.7 million tonnes in FY24, India might import fewer quantities of pulses this financial year at 4-4.5 mt on the back of good monsoon and higher domestic production, Bimal Kothari, chairman of India Pulses and Grains Association (IPGA), said in New Delhi on Friday. Kothari was addressing reporters on the sidelines of a seminar on pulses titled "Bharat Dalhan-2024".
'They are attacking my wife; they are attacking our 13-month-old daughter. They are saying that I do drugs.' 'I'm giving an open challenge to Mr Nawab Malik and Ms Sana Malik let's go to the labs and let's do the medical test of our family and your family.'
The Indian Space Research Organisation (ISRO) successfully launched its third and final developmental flight of Small Satellite Launch Vehicle here on Friday whose payloads can be used in applications like satellite-based surveillance, disaster and environmental monitoring, fire detection, volcanic activity among others.
The TIME 100 AI list is an interesting assortment of titans. Indians make up about 20 per cent of the coveted list, which is pretty commendable, notes Sandeep Goyal.
The heat index in major metro cities in the country has majorly risen since 2010 compared to a decade earlier.
For India to view the new Sri Lankan leadership only through the prism of the past or through their narrow view on China, is fraught with possibilities that should be avoided, asserts N Sathiya Moorthy.
Prime Minister Narendra Modi on Friday invited President Volodymyr Zelenskyy to visit India and the Ukrainian leader said he would be happy to travel to the 'great' country.
Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample opportunities for all citizens in "Viksit Bharat". It sets the stage for sustained economic growth, social development, and technological advancement.
It's time India re-visited its Western alliances for the attitude and approach that the West reserves for the nation when it comes to security cooperation of the kind that they might not have visualised outside of China, India's bug-bear, asserts N Sathiya Moorthy.
China's population growth has been slowing since 2016 as the high cost of raising children, a greater pursuit of individualism and a diversified lifestyle dampen enthusiasm to start a family.
The study also examined whether chemotherapy, radiotherapy or surgery, which generate dying cancer cells, could contribute to cancer's metastatic spread.
An invasion of wolves is keeping the forest authorities on their toes in Bahraich, where the animal is suspected to have killed at least six people and wounded several, all within a very short span.
National Aeronautics and Space Administration (NASA) astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov will launch no earlier than September 24, on the agency's SpaceX Crew-9 mission to the International Space Station.
The Indian Council of Medical Research is conducting three different studies to ascertain the facts regarding rising cases of cardiac arrest after the pandemic, Mandaviya said in response to a question in the Lok Sabha.
India's economic growth slowed to a 15-month low of 6.7 per cent in April-June 2024-25, mainly due to poor performance of the agriculture and services sectors, government data showed on Friday. The gross domestic product (GDP) expanded by 8.2 per cent in the April-June quarter of 2022-23. India, however, remained the fastest-growing major economy, as China posted a 4.7 per cent growth in April-June 2024.
Lawyers have pointed out that the new laws increase police powers by extending the maximum limit of police custody from 15 days to 60 days or 90 days.
The UGC-NET, 2024, exam for the selection of junior research fellows, assistant professors and PhD scholars was conducted by the National Testing Agency (NTA) on June 18 in two shifts across the country.
On World Diabetes Day, you can pose all your doubts and questions regarding diabetes to our health experts on rediffGURUS.
IBM on Thursday launched a new Services Innovation and Research Centre in Bangalore that would focus on innovative technologies for improving IT services.
The stock of footwear major Bata India has been the highest gainer among larger listed footwear companies since the start of the month on expectations of a recovery in the value segment, new launches and measures by the new government to boost consumption. The third largest footwear maker by market capitalisation has been trailing its peers over the past few quarters due to the slowdown in the mass segment market which accounts for a significant chunk of its revenues.
Contributions made to public funded universities, IITs, national laboratories and autonomous bodies engaged in conducting research in science, technology, engineering and medicine has now been recognised as part of CSR by the government.
'He told me he was very happy to see the realistic portrayal of the cockpit too.' 'His wife told me that I carried the same kind of personality as her husband in my performance.'
Over the past few days, deaths due to heat stroke have been reported from different parts of the country including Uttar Pradesh, Bihar and Odisha.
Citizens belonging to different religions and denominations follow different property and matrimonial laws which is 'an affront to the nation's unity', the Centre had said last year in its affidavit in the Supreme Court on the Uniform Civil Code matter.
The party's research centre, overseen by chief Sonia Gandhi, provides members with solid facts that can be used to target the Centre.
The Union home ministry has cancelled the Foreign Contribution Regulation Act (FCRA) registration of the Centre for Policy Research (CPR) for alleged violation of laws, a move the public think-tank termed "incomprehensible and disproportionate" and vowed to seek legal recourse against.
He is expected to be produced before a federal court in New York on Monday.
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