OLA ELECTRIC BLOCK DEAL
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.
Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out
Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The company will repurchase up to 6.59 crore shares through the tender offer route, with November 25 fixed as the record date. Promoters will not participate.
Ola Electric Q2 Results: Loss narrows YoY to Rs 362 crore, revenue falls 39%
Ola Electric Q2 Results: The electric two-wheeler maker's revenue from operations fell 39% year-on-year (YoY) to Rs 421 crore from Rs 690 crore in the year-ago quarter.
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
Lenskart, Meesho deliver gains of nearly $400 million for SoftBank Vision funds
Lenskart saw returns of $273 million, the highest among the Vision funds' listed investments, while Meesho gained $121 million, according to SoftBank's earnings presentation released on Tuesday. The gains come as SoftBank continues to monetise its Indian investments, having sold shares worth more than Rs 9,300 crore in Lenskart and Meesho since June.
Ola Electric shares jump 7% ahead of Q2 results, extends EV-policy rally
Ola Electric shares have rallied 9% in two sessions, adding over Rs 1,400 crore to the company's market value after the Centre made EVs its preferred choice for government staff-car procurement. Investors are now awaiting the electric two-wheeler maker's Q2 results for signs of a recovery in its business.
- Go To Page 1
Centre bans export of Li-ion battery waste, scrap to boost domestic recycling and critical mineral recovery
India has imposed an immediate ban on the export of lithium-ion battery black mass to strengthen its local recycling ecosystem. This decision aims to enhance domestic recovery of critical minerals, such as lithium and cobalt, which are vital for technology and energy sectors. The prohibition will ensure that battery waste generated in India is processed locally and improves utilization of recycling capacities.
Chipotle tattoo deal: Here's how you can score a 'Tatted Like a Chipotle Bag' BOGO deal on Friday the 13th with just a tattoo
On November 13, Chipotle will run a promotional BOGO deal for customers with tattoos from 3 p.m. to 4 p.m. Customers can showcase any type of tattoo, including temporary designs or drawings. Additionally, Chipotle is collaborating with Wiz Khalifa to offer limited-edition tattoo-inspired bags during the event. Rewards members can participate in a sweepstakes for a chance to win unique Chipotle bags.
Aditya Infotech block deal: Dixon Tech offloads shares worth Rs 582 crore; Motilal Oswal MF, Kotak MF buyers
Dixon Technologies (India) sold over 14 lakh shares of Aditya Infotech through block deals worth approximately Rs 581.65 crore. Motilal Oswal Mutual Fund and Kotak Mahindra Mutual Fund purchased the shares at Rs 4,140 each. This transaction occurred after Aditya Infotech reported impressive Q2 results, with a significant increase in profit and revenue. Additionally, the company plans to invest in KGraph AI Solutions to enhance technology capabilities.
UPI sees Diwali boom; AI cracks Captcha
Diwali spending fuelled a surge in UPI transactions, with both payment volumes and values rising. This and more in today’s ETtech Top 5.
Vietnam’s Green SM set for Bengaluru debut by December, ruffling ride-hailing market
Senior government officials said Karnataka has granted Green SM an aggregator licence under the Karnataka On-demand Transportation Technology Aggregators Rules, 2016, after the company fulfilled all regulatory requirements.
Centre's EV push puts electric mobility stocks in the fast lane; M&M, Ola Electric lead rally with gains of up to 5%
Electric mobility stocks rallied on Wednesday after the Centre made EVs the default choice for government staff-car procurement and doubled the price ceiling for electric cars to Rs 20 lakh. M&M led the gains, followed by Ola Electric, Hyundai Motor India and TVS Motor Company.
No agreement signed with GNA, so where is the question of withdrawal, asks Kerala CM
Keralam Chief Minister V D Satheesan addressed accusations about the state's electricity purchasing agreements with GNA. He emphasized that no formal contract had been signed, dismissing allegations of an ongoing deal. The Chief Minister criticized previous governments for lacking long-term electricity planning or generation enhancements. Satheesan assured that the UDF government will seek permanent solutions to the power crisis.
A blue brake on Trump's red agenda: Tariffs, spending and debt face a 'Democratic' reckoning in the US
Democratic control of Congress from January 2027 could constrain President Donald Trump's legislative agenda, increase scrutiny of his tariff policies and complicate fiscal decisions, Fitch's BMI said. While Trump retains executive powers over trade and immigration, prolonged funding negotiations and a potential debt-limit confrontation could raise financial market volatility.
Amazon rolls out text-based shopping through Alexa
Amazon said the new text feature lets users research and compare products, track deals and price drops, and have Alexa for Shopping complete purchases on their behalf.
Lenskart block deal: SVF II Lightbulb sells 1.6% stake worth Rs 1,896 crore; Societe Generale, Goldman Sachs, BNP Paribas among buyers
SVF II Lightbulb (Cayman) Limited executed a block deal selling 2.72 crore shares of Lenskart Solutions valued at approximately Rs 1,896 crore. The sale represented around 1.56% of Lenskart's equity capital and was executed at Rs 697.15 per share. The deal comes after Lenskart reported strong financial results for Q2FY27, with significant year-on-year growth in net profit and revenue.
Alivus Life Sciences block deal: Promoter Nirma sells over 28 lakh shares worth Rs 390 crore; Norges Bank, Helios MF among buyers
Nirma sold 28.46 lakh Alivus Life Sciences shares worth Rs 390 crore through a block deal at Rs 1,370 apiece. Norges Bank, Bandhan MF and others bought shares as Alivus reported strong Q2FY27 earnings growth.
Groww shares decline 7% after Rs 3,708 crore block deal involving 2.8% equity
Shares of Groww parent Billionbrains Garage Ventures fell on Friday after a block deal involving 17.42 crore shares, or 2.8% of the company's equity, worth around Rs 3,708 crore was executed at an average price of Rs 215 apiece. The buyers and sellers were not immediately identified. The decline followed a sharp rally in the previous session, when the stock touched Rs 225.75, and may indicate profit-booking.
China blocks SoftBank's $5.4 billion acquisition of ABB Robotics
China has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics business, disrupting the Japanese group’s AI-powered robotics expansion. The intervention highlights Beijing’s growing scrutiny of cross-border deals involving strategically important technologies.
Delhi: Fire breaks out in Shahdara's Shanti Mohalla hours after major Karol Bagh Market blaze
A fire incident occurred in Shanti Mohalla, attributed to a short circuit among textile warehouses. Several fire service vehicles were dispatched, with no casualties reported in the area. Shortly after, another significant fire broke out in Karol Bagh, potentially due to overheating batteries in a shop. Firefighting efforts involved 27 fire tenders and numerous personnel due to narrow lanes and flammable materials.
Centre launches ninth auction tranche for 20 critical mineral blocks, third round of exploration licences
The mines ministry has launched the ninth tranche of auctions for 20 critical and strategic mineral blocks, alongside the third tranche for exploration licence blocks. Of the 100 unique blocks offered in the first eight rounds, 64 have been auctioned. The move aims to strengthen mineral security and attract private exploration investment.
China blocks SoftBank's $5.4 billion takeover of ABB's robotics division: FT
Softbank had agreed to buy ABB's robotics business in October last year, as CEO Masayoshi Son sought to establish SoftBank as a core player in the development of artificial intelligence.
China blocks SoftBank's $5.4 billion takeover of ABB's robotics division: Report
China has informed Japanese investor SoftBank that it will block the $5.4 billion acquisition of ABB's robotics segment. This decision is driven by concerns about data transfer overseas for artificial intelligence training. SoftBank had hoped for approval after reaching an agreement last October. ABB's robotics business significantly relies on the Chinese market, contributing about 30% of its total operations.
Days before Washington DC power outage, US Department of Energy had issued warning
On Monday, a power outage hit the Foggy Bottom area of Washington DC, leaving over 1,100 residents in the dark. The incident was caused by a malfunction at a Pepco substation, impacting essential government services nearby. Emergency teams responded quickly to reports of smoke and a manhole explosion close to the World Bank. Traffic lights were down, causing significant disruptions until power was restored later in the afternoon.
Power outage Washington DC today: World Bank hit by manhole explosion as State Department, George Washington University and 1,100+ Pepco customers lose power
On November 2, Foggy Bottom and downtown Washington DC experienced a significant power outage affecting over 1,100 customers. Emergency crews rushed to the scene due to reports of smoke from various manholes, creating safety concerns. Notable buildings including those linked to the US State Department and George Washington University were left without power.
Electric two-wheeler sales hit record 2.24 lakh units in October on festive demand, new models
TVS Motor retained its leadership in October, nearly doubling registrations to 60,433 units and expanding its market share to 27% from 20.6% in the same month last year. Hero MotoCorp also gained ground, with its share rising to 13.4% from 10.9%, while Bajaj Auto maintained its market share at nearly 22%.
Ola Electric’s Rs 1,000-crore rights issue fully subscribed ahead of closing date
The rights issue, which opened on Thursday, will close on October 30. Shareholders could sell or transfer their rights entitlement in the market until October 26. The company finalised the terms of the issue earlier this month, setting the price at Rs 27 per share, a 26% discount to its market value.
SoftBank sold 1.2% stake in Ola Electric between January-October
The investor also sold rights entitlements to subscribe to an additional 1.12 crore shares, according to a disclosure filed with the stock exchanges. Ola Electric is in the process of raising Rs 1,000 crore through a rights issue of partly paid-up equity shares.
SoftBank sells 1.21 crore Ola Electric rights entitlements as EV maker seeks to raise Rs 1,000 crore
SoftBank sold nearly 28% of its Ola Electric rights entitlements over two sessions as the company launched a Rs 1,000-crore rights issue. Meanwhile, Motilal Oswal entities applied for 2.39 crore shares amid declining revenue and persistent losses.
Load More
