OLA ELECTRIC PUBLIC LIMITED
CleanMax plans ₹50,000-crore investment in Andhra Pradesh to power 2 GW green compute factory
CleanMax Enviro Energy Solutions Ltd has signed an MoU to invest ₹50,000 crore in Andhra Pradesh for developing clean energy. The investment will include 3 GW of renewable capacity and a compute factory in Kurnool district. They plan to ensure round-the-clock electricity through integrated power infrastructure combining wind, solar, and storage systems. Additionally, CleanMax will implement training programs for local youth and upgrade educational infrastructure.
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.
Oyster Renewable to complete Rs 350-crore wind-solar project in Andhra Pradesh by December
Oyster Renewable Energy is nearing completion of a 60.9 MW wind-solar hybrid project in Kadapa district. The project will be operational by next month and includes solar and wind energy capacity. The solar capacity has already been commissioned and operational, generating significant electricity annually. Once complete, the project aims to reduce CO₂ emissions considerably each year. Laurus Labs will benefit from reliable renewable power through this hybrid energy initiative.
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.
Delhi’s Diwali pollution started before the fireworks. What five years of action have achieved
Delhi’s air was already severely polluted before Diwali, with average PM2.5 levels in the week before the festival reaching 236 micrograms per cubic metre, nearly double the 2025 level, according to CSE. The findings suggest firecrackers and stubble burning worsen an existing crisis rather than create it, with vehicles, industry, construction, waste burning and pollution from neighbouring NCR districts keeping baseline pollution high.
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Tata Projects bags Dhaka Metro underground works contract with Japanese partners
Tata Projects, in collaboration with Nishimatsu and Toda, has obtained a contract for the Dhaka Metro project. This contract involves constructing a 5.2-km underground metro line with three stations. The project aims to modernize public transport, improve connectivity, and reduce congestion in Dhaka. Funding for the project is provided by the Japan International Cooperation Agency (JICA). Tata Projects emphasizes its expertise in executing complex metro infrastructure alongside global partners.
Bright Outdoor Media moves to BSE, NSE main boards, eyes expansion in digital advertising
Bright Outdoor Media has moved its shares to the main boards of BSE and NSE. The company aims to expand its outdoor advertising network and digital billboard portfolio. Founded in 1980, it operates over 1,350 hoardings and 50 digital LED billboards in Mumbai. The transition follows its listing on the SME platform in March 2023, establishing a significant moment for the OOH advertising industry.
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.
Stocks in news: Tata Power, Cupid, Garden Reach, ITC, Aurobindo Pharma and Vodafone Idea
Indian benchmark indices have extended their winning streak, closing positively after the Muhurat trading session. Key stocks such as life insurance companies and Tata Power reported notable quarterly earnings results. HDFC Life and LIC showed healthy premium growth, while Tata Power recorded a record profit in Q2 FY27. Other companies like Cupid and Mishra Dhatu Nigam also reported impressive profit increases during the quarter.
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.
MSME Ministry reviews CPSE procurement from SC/ST enterprises to meet mandated target
A total of 30 public sector undertakings, including Bharat Heavy Electricals Limited, Bharat Electronics Limited, NTPC, Airports Authority of India, BEML, and Coal India Limited, attended the consultations.
US: Senate advances sweeping energy legislation in first major action since midterm elections
The Senate voted 73-25 to formally take up the bill, which senators and the president have pushed as a way to meet growing demand for electricity and other forms of energy that now face yearslong delays in getting to the grid.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
The FPIs that were selling in the Indian market all these months mostly owned large-cap stocks. And as they sold them, it was that segment which bore the brunt of the selling. The same logic will operate in reverse as they start buying, focusing once again on the safer and more liquid large-cap stocks.
Piyush Goyal meets Skoda Auto Volkswagen India CEO; talks focus on EV push, exports
Commerce Minister Piyush Goyal met a delegation led by Škoda Auto Volkswagen India CEO Piyush Arora to discuss expanding automobile exports, strengthening domestic manufacturing, accelerating EV production and increasing localisation.
Norway reins in data centre industry amid AI boom
Norway produces more power than it consumes and is a net exporter, but recent projections show that demand from new data centres could lead to an energy deficit and rising electricity prices in the coming years.
Stocks in news: M&M, BHEL, Adani Enterprises, Wipro, Tata Steel, Siemens and Divi's Labs
Indian equity markets ended marginally lower on Sunday, breaking a seven-session winning streak. The NSE Nifty 50 decreased by 44 points, closing at 24,986. Several companies, including Adani Enterprises and Tata Steel, announced important corporate developments and new investments. Wipro appointed a new CEO for its Americas unit, while various firms reported their quarterly earnings. Overall, investors remain cautious as they monitor these announcements and future market movements.
If AI unwinding pulls power stocks down, mind the difference between narrative and business: 6 stocks with upside potential of up to 30%
It is quite possible that, over the coming weeks, the narrative on the street could be that power stocks, which many had started to treat as a kind of proxy for the AI build-out, would come under pressure. But linking these stocks to global unwinding in the AI trade could be a mistake because demand for power in India depends on something far bigger and far older.
For long- and medium-term investors: Cycles turn, principles don’t; 5 large-cap stocks with upside potential of up to 29%
These are the stocks that fell the most, so they may bounce back the most if the fund flows return. They are the ones FPI money will target first. And they tend to be the businesses with great track records, the ones that have been through bad patches like this before and have come out unscathed. Yes, we are talking about large-cap stocks.
Force Motors to launch electric Traveller platform and ambulance by 2027, investing ₹3000 cr in EV technology
Force Motors intends to launch an electric version of the Traveller platform in the first quarter of 2027. An electric ambulance is expected to be among the initial offerings of this new vehicle. Development and testing of these vehicles are currently being conducted with the Automotive Research Association of India. The company is making significant investments in manufacturing capacity and electrification initiatives for its vehicles.
Nov-Jan ban on non-Delhi vehicles below BS-VI standards to be in force every year
Delhi government plans to ban non-Delhi-registered vehicles below BS-VI emission standards beginning November 1. This ban will continue annually until January 31 to improve air quality. Vehicles using Compressed Natural Gas or electric power are exempted from these restrictions. The transport department is enforcing rules with 250 personnel at key entry points across the city. The Commission for Air Quality Management has implemented emergency measures due to severe pollution levels.
Environmental groups embrace AI, even as they warn of data center impacts
Environmental organisations are increasingly leveraging artificial intelligence to enhance conservation efforts and analyze ecological data. Many express concerns about the environmental impact caused by data centers that support AI technologies. The energy and water consumption of these centers is projected to double by 2030, raising emissions concerns.
Anthropic rolls out personal finance feature for Claude
Anthropic said access is read-only; it cannot move, manage or invest money, and the tool is not designed to give investment advice.
Two Trades for Today: A PSU engineering major for a 5.2% rise, a large-cap financial services stock for a gain of 6%
Our technical analysts identify select stocks every trading day that may gain momentum even in volatile markets. Here are the technical calls for today.
US midterm results threaten data center boom as AI backlash grows
US midterm election results have raised fresh concerns over the future of America's data centre boom, with Democratic victories in Texas and Georgia strengthening opposition to new projects. Investors fear tighter regulations, construction moratoriums and reduced tax incentives could disrupt AI infrastructure spending, putting nearly 45% of planned US capacity at risk.
BHEL bags orders worth up to Rs 28,000 crore from Adani Power for four 1,600 MW projects
Bharat Heavy Electricals Limited has received orders from Adani Power Limited for four power projects. Each project has a capacity of 2x800 MW and is valued between Rs 5,000 crore to Rs 7,000 crore. The total contract value for all projects is estimated to be between Rs 20,000 crore and Rs 28,000 crore. The contracts involve the supply of equipment and services for the projects.
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.
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