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.
The 2025 US National Security Strategy marks a major pullback, with America turning backward and effectively allowing China greater dominance in Asia. while long-time partners like India are left to face an increasingly unstable global order largely on their own, observes Rajeev Srinivasan.
Father of deceased pilot and Federation of Indian Pilots petition Supreme Court for a court-monitored inquiry into the Air India flight AI171 crash in Ahmedabad.
Fuel loading at India's first prototype fast-breeder reactor in Kalpakkam is expected to start next week, marking a significant step in the country's nuclear program.
A Monorail train in Mumbai halted due to a power failure amid heavy rains, stranding approximately 200 passengers. Rescue operations were conducted, and an inquiry has been ordered into the incident.
Colliers reports that GCC leasing has jumped from 4.6 million square feet in 2021 and is expected to hit 10.6 million square feet by 2025 -- a clear sign that multinationals see Bengaluru as a long-term base.
The Centre has granted absolute powers to the Delhi lieutenant governor to constitute any authority, board and commission such as the Delhi Commission for Women and the Delhi Electricity Regulatory Commission.
'A bus driver should possess a comprehensive road plan: Toll plazas, major hospitals, road conditions, repairs, diversions, and dangerous areas.' 'Only through such preparation can we save lives.' 'Otherwise, simply sitting in the driver's seat and pressing the accelerator -- anyone can do that.'
The peace plan included that Gaza will be a deradicalised, terror-free zone that does not pose a threat to its neighbours and will be redeveloped for the benefit of the people of Gaza. The peace plan stated that if both sides agree to this proposal, the war will immediately end. Israeli forces will withdraw to the agreed upon line to prepare for hostage release.
The first project that is being negotiated is for the procurement of three Scorpene submarines, which will be jointly constructed by state-run Mazagon Dock Limited (MDL) and French defence major Naval Group.
On November 18, 1962, 114 soldiers of the 13th Kumaon fought till the last man, and last bullet, in sub-zero temperatures, to beat back the huge Chinese army. We salute the Heroes of Rezang La.
Proliferation of home chargers of around 7 KWh and above, which take six to seven hours to fully charge a car depending on the model, bring running costs down by a third or so. That, coupled with the increasing range of modern electric cars, can lead to a massive increase in sales.
'If you don't fulfil whatever they ask, you are in trouble.'
The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd.
United States President Donald Trump slammed Elon Musk after he formed a new political party, terming the move as 'ridiculous' and saying the tech billionaire has gone 'completely off the rails'.
'The heat shield technology for re-entry vehicles was first mastered in DRDO for the Agni missile.' 'This is why the Americans were so opposed to Agni in the 1980s, unlike other missiles -- it was a re-entry vehicle.'
The rhythmic chants of pilgrims have been replaced with frantic footsteps of those looking for their loved ones in the wake of a disastrous landslide on the route to the Mata Vaishno Devi shrine which has claimed 34 lives till now.
Several parts of Chennai reeled under a sudden power outage due to a fire incident which caused sequential faults on both feeders at the Manali substation in Chennai.
Electric cab-hailing platform BluSmart remained non-operational on Thursday across Delhi-NCR, Bengaluru, and Mumbai, as the market regulator cracked down on its co-founder over alleged misuse of funds at an affiliated company. BluSmart app, that offered more than 8,000 taxis in the three metros, stopped taking bookings on Wednesday evening and remained unoperational on Thursday as well.
India's private and state government-owned ports (non-major ports) continued to grow faster than those owned by the Centre (major ports) through the first three quarters of 2023-24 (FY24), cargo handling data shows. At 604 million metric tonnes (mmt), cargo at major ports grew by 5 per cent between April and December, while non-major ports' cargo traffic growth was 11 per cent at 531 mmt. During December 2023, central government-owned ports in India handled cargo volumes of 69.9 mmt, a tepid year-on-year (Y-o-Y) growth of 0.7 per cent.
Maharashtra deputy Chief Minister Devendra Fadnavis, who also holds the energy portfolio, held a meeting with trade union representatives and later said the government had no intention to privatise state-run power utilities.
'He surprised us by telling us he wanted to make a career in acting.' 'We were scared since we knew nothing of this profession but then, he landed a role in Mira Nair's Monsoon Wedding.' 'After seeing him holding his own on screen, we decided to let the boy pursue his passion.'
'India did not surrender. That was why he wanted to pressurise India by this 25% tariffs.'
Poor dam management was considered as a major reason for the 2018 floods in the state that led to a loss of around Rs 50,000 crore and claimed as many as 483 lives, reports Shine Jacob.
While sedan sales have declined in the mass-market segment in recent years, demand remains strong for BMW sedans, which account for 45 per cent of its sales in India.
The BJP in Himachal has its own problems. But it is not a party that sits around twiddling its thumbs.
The Trinamool Congress on Friday accused the Bharatiya Janata Party of spreading lies and criminalising poverty over the detention of Bengali-speaking migrant workers in Odisha, while the saffron party charged the Mamata Banerjee dispensation with providing shelters to illegal immigrants.
'What the US appears to be doing is to force India to be "the buyer of last resort", on whom their products can be dumped, 1.4 billion people have to eat something, so why not eat American corn?' 'What is exercising the Trump lot is the fact that most of the farms are in solidly Republican Midwestern states: Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin,' points out Rajeev Srinivasan.
The SC on Thursday issued notices to the Bihar government, the Election Commission and the Bihar State Electricity Board on a PIL challenging BSEB's decision to waive surcharge on delayed payment of electricity bills by MLAs and ministers.
The bonds were issued to these public sector undertakings as many state electricity boards had failed to pay back their dues. As part of one-time settlement of the dues owed by state electricity boards to PSUs like NTPC, NHPC, PGCIL and coal PSUs, an agreement was reached between 27 state governments, Union ministry of power and RBI in 2003 to release these bonds for the state-owned firms.
'Who tried engine relight?' 'If the first officer was the one flying at takeoff, the captain may have taken control immediately post-thrust loss.' 'But the AAIB report doesn't clarify any of this.'
The revised guidelines are aimed at curbing discretionary practices by field officers, especially the tendency to seek documents not mandated under the law.
Harmilan Bains revealed that she struggled with depression after missing the Paris Olympic Games because of injury.
'In multi-pilot operations, no critical switch can be moved without the other pilot's consent.'
