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Ola Electric says demand outstrips supply, targets 25,000 vehicles in December
Ola Electric Mobility is experiencing high demand for its electric two-wheelers, causing supply constraints. The company plans to ramp up production to approximately 25,000 vehicles by December. Despite these plans, recent losses were reported along with a decline in consolidated revenue from operations. Ola Electric has significantly reduced its borrowings and expects to generate free cash flow soon.
Kia to invest $2 billion in second Andhra plant, add 12,000 jobs
Kia India plans to invest $2 billion in a new manufacturing facility located in Andhra Pradesh. This facility will increase Kia's annual production capacity significantly to over 600,000 units. It aims to generate approximately 12,000 direct and indirect job opportunities in the region. The company is focused on enhancing its presence in both domestic and international markets. This strategic investment underlines Kia’s commitment to India’s automotive industry and growth potential.
Canada to offer 200,000 additional permanent residence spaces in 2027 to workers and select applicants
Canada has outlined how it will allocate 200,000 additional permanent residence spaces in 2027 under its temporary resident-to-permanent resident transition measures. The spaces will be divided into two groups, with up to 100,000 reserved for workers eligible through provincial and territorial nominations and applicants awaiting decisions under selected immigration programmes.
Qualcomm global recast may cost 1,000 jobs in India
The US chipmaker employs about 20,000 people in India, mainly at its engineering and design facilities in Bengaluru, Hyderabad, Chennai and the National Capital Region. ET first reported in October that its global restructuring could affect 600-1,000 jobs in India.
Bitcoin price today: Why BTC USD fell near $73,000 after US CPI report and could it crash to $70,000 next?
Bitcoin price today after CPI report: BTC USD slipped towards $73,000 after hotter-than-expected US inflation data revived fears of a bigger Federal Reserve rate hike in December. With Bitcoin funds seeing billions of dollars in withdrawals, traders are watching whether BTC can hold $73,000 or face another decline towards $70,000.
₹85,000 Temple: Deepinder Goyal’s wearable is a health-tech gamble
Deepinder Goyal’s ₹85,000 Temple wearable aims to track real-time body performance and brain blood circulation, but its technology lacks meaningful scientific validation. While doctors question its claims, the device could open new possibilities in preventive healthcare. Its long-term success may depend on credibility, clinical evidence and affordability.
EPFO’s November 19 meeting to be held in New Delhi: Can EPFO increase minimum EPS pension from Rs 1,000?
The Employees' Provident Fund Organisation is gearing up for its 240th Central Board of Trustees assembly, scheduled for November 19, 2026, in New Delhi. However, official confirmation from the government about these proposed changes is still pending, even as calls for enhanced pension benefits persist.
Rs 654,000,000,000 blow: How NVIDIA chief Jensen Huang lost billions of dollars in a day?
Jensen Huang net worth: The NVIDIA chief's fortune decreased by over $7 billion after Nvidia's shares dropped significantly on Monday. This fall followed an investigation into Huang's alleged relationship with a Chinese spy. The decline in share price erased around $190 billion from Nvidia's market value, affecting Huang's ranking on billionaires' lists. Huang also issued an apology for his unfaithfulness to his wife, which added to the controversy surrounding him.
Blackstone set to acquire 15% of IIFL for Rs 5,000 crore
Blackstone will invest around Rs 5,000 crore for a 15% stake in IIFL Finance, while promoters Nirmal Jain and R Venkataraman will invest Rs 1,200 crore to retain their combined holding at around 25%. Mumbai-based investor Rohit Kothari, through Anchorage Capital, will contribute about Rs 100 crore, taking the total capital infusion to over Rs 6,200 crore.
Waaree Energies to invest 15,000 cr in green ammonia project in Andhra
Waaree Energies will invest approximately ₹15,000 crore to establish a green ammonia project in Andhra Pradesh. The facility will have an annual production capacity of 1.2 million tonnes and will be positioned strategically near the Kakinada Gateway Port. An MoU will be signed at the Andhra Pradesh Investment Summit later this week to formalize the investment. The project has received approval under the Andhra Pradesh Integrated Clean Energy Policy, 2024.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India's benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings prospects and falling oil prices. Recent foreign portfolio investor activity has contributed significantly to the positive sentiment in the equity market. Additionally, lower oil prices could improve macroeconomic conditions and reduce inflation rates in India.
Adani Enterprises plans Rs 35,000-40,000 crore annual capex in next two years
Adani Enterprises intends to invest between Rs 35,000 crore and Rs 40,000 crore annually for upcoming years. The major areas of focus will be airports, data centres, and a PVC manufacturing complex. Recently, the company reported strong financial growth, with a notable increase in EBITDA and revenue. This investment cycle aims to enhance operational capabilities and generate returns from new assets.
Jio Rs 10,000 recharge plan: 3-year validity, unlimited 5G data and calls, JioHotstar subscription and 50GB cloud storage
Reliance Jio has introduced a Rs 10,000 prepaid recharge plan offering 36 months of connectivity through a single payment. The plan includes unlimited voice calls, 2.5GB of high-speed data daily, unlimited 5G access and 100 SMS per day. It also bundles JioHotstar Mobile + Hollywood, 12 months of Canva Pro Lite and 50GB of JioAICloud storage. Here is a look at its benefits, availability and how it compares with Jio's other long-term prepaid plans.
Govt lines up Rs 9,000 crore asset monetisation plan in FY28 to clear MTNL, BSNL liabilities
The Indian government is preparing an asset monetisation plan to address the liabilities of MTNL and BSNL. This plan is expected to generate Rs 9,000 crore in the next financial year. Government officials report that the liabilities of these telecom public sector undertakings are nearly Rs 50,000 crore. Additionally, several properties among the departments have been sorted for ownership clarity.
Who is Oklahoma man serving America's longest ever prison sentence? Even 200 lifetimes wouldn't be enough
In Oklahoma, USA, one man was sentenced to 30,000 years in prison. The man, one Charles Scott Robinson, was convicted of multiple crimes, including brutal acts of rape, robbery, larceny, etc.
Bitcoin nears $80,300, Ethereum trades at $2,400 as crypto market rebounds after US midterm volatility
Bitcoin rebounded above $80,000, while Ethereum climbed to $2,417 amid improving market sentiment following US midterm elections. The global crypto market capitalisation rose 2.32% to $2.69 trillion, supported by short liquidations and renewed buying interest.
Shapoorji Pallonji to monetise 3,000-acre land, eyes Rs 10,000 cr from plotted developments
Shapoorji Pallonji Real Estate aims to develop a substantial plotted township in the Mumbai-Pune corridor. The project covers 900 acres and has an estimated gross development value exceeding Rs 6,000 crore. The company has secured approvals for the first phase, which spans 200 acres and will generate about Rs 1,800 crore.
UK Home Secretary Shabana Mahmood scraps 15-year settlement wait for migrant care workers earning £25,000
The UK government has revised its immigration settlement rules, particularly for foreign care workers. Eligible care workers can now qualify for permanent residency after five years instead of 15. In addition, changes will extend the standard settlement period for most migrants from five to ten years. Stricter eligibility conditions are also being introduced for all applicants and refugees.
CM Joseph Vijay disburses Rs 3,000 cr credit to SHGs in Perundurai, sips tea, buys local crafts
On Tuesday, Tamil Nadu's Chief Minister Joseph Vijay announced a remarkable distribution of Rs 3,000 crore to self-help groups statewide. During the event in Erode district, which received Rs 1,110 crore, over 9,000 members benefited directly. The Chief Minister also engaged with an exhibition displaying successful products crafted by women, enhancing support for their vital contributions to the local economy and showcasing their exceptional talents.
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