Ola Electric Mobility, India’s leading e-scooter manufacturer, has achieved a significant milestone by reaching a valuation of Rs 58,664 crore ($6.99 billion) after a 20% surge in its stock value on Friday. This impressive leap follows the launch of its new line of e-motorcycles and the company’s strategic plan to cut costs by producing its own batteries.
The company’s entry into the…
Small and Medium Enterprises (SMEs) are increasingly leveraging capital markets for funding, with a reported 780 SMEs listed on the NSE and BSE as of June 2023. These companies have collectively raised approximately ₹11,000 crore. Shekhar Chaudhary, director of the financial markets division at the Department of Economic Affairs, shared these insights at the 10th edition of the CII (East)…
Legendary cricketer Sachin Tendulkar is stepping into the world of entrepreneurship with a new sports athleisure brand, SRT10 Athleisure Pvt Ltd. Launched in collaboration with former Swiggy executives Karthik Gurumurthy and Karan Arora, the brand aims to offer high-quality athleisure at competitive prices.
New Venture Details
The startup, incubated by early-stage venture fund Whiteboard Capital…
CreditAccess India BV, a Netherlands-based firm with a 66.56% stake in CreditAccess Grameen, is aiming for a $2.7 billion valuation for the microfinance company, according to a report by Mint. If successful, this deal would become the largest transaction in India’s $51 billion microfinance sector.
To facilitate the sale, CreditAccess India has enlisted investment banks Jefferies, Barclays…
Italian luxury automobile manufacturer Automobili Lamborghini has warmly welcomed the Uttar Pradesh government’s recent decision to eliminate registration fees for hybrid vehicles. This policy shift, announced on August 9, 2024, marks a significant step towards promoting environmentally friendly technology in one of India’s most populous states. The move is expected to have a substantial…
Mahindra & Mahindra has firmly denied reports suggesting a $3 billion joint venture with China’s Shaanxi Automobile Group to establish a car manufacturing plant in India. Here’s a detailed look at the current situation and what it means for the Indian automaker.
The Report and Mahindra’s Response
On August 9, 2024, a report by Reuters claimed that Mahindra & Mahindra (M&M) was in talks with…
In 2005, Vasudha Dinodia Munjal embarked on a sweet journey that would transform India’s chocolate landscape. With a vision to bring superior quality and exquisitely crafted chocolates to the Indian market, she founded Choko La—a brand that has since become synonymous with premium chocolate in the country.
Choko La was established with the aim of offering more than just chocolate; it was about…
On Thursday, the government at last announced its much-awaited new liberalized drone rules, marking the transitioning for an industry that has for since a long time ago struggled under unclear, and somewhat unimplementable regulatory norms.
And while virtual celebrations have broken out since the announcement of the new rules which likewise repealed norms that were implemented only some months…
India exports a record $35.2 billion worth of merchandise in July, flagging a fast monetary recuperation in key Western business sectors which has prompted an ascent in demand for Indian items.
Primer information delivered by the business service showed stock imports additionally shot up to $46.4 billion, the second-most noteworthy ever, prompting an enlarging of import/export imbalance to $11.2…
India-centered investment supports brought $3 billion up in 2020, the most noteworthy over the most recent five years and around 40% more than in 2019, a report by Bain and Co. appeared.
Marquee financial backers, including Sequoia Capital, and Lightspeed Venture Partners shut assets for India speculations a year ago, with Sequoia itself representing about 40% of the quantum raised, the’ India…
