RIGHTS ISSUE
Ola Electric Q2 revenue slumps 39% to Rs 421 crore, losses narrow
The company said it has stopped orders from its direct-to-consumer stores on November 1, and plans to close them by December. The company, which had announced a pivot to a dealership model in August, now has 255 dealer partners operating over 300 stores, it said in the shareholder letter.
Are oblique kicks going to be banned from UFC? Joe Rogan reportedly leaks decision on the controversial knee-shattering move
During a recent podcast, Joe Rogan brought up the possibility of banning oblique kicks, which target the knee and can result in long-term injuries. MMA analysts have frequently voiced their worries regarding the risks associated with this maneuver. Support for the ban comes from UFC CEO Dana White and the California State Athletic Commission, emphasizing the persistent debate over safety regulations in mixed martial arts.
Stephen Curry suffers injury scare against Rockets, exits in first quarter as Warriors confirm troubling update
Stephen Curry experienced discomfort in his abdomen during the first quarter of the game against the Houston Rockets. After making a three-pointer, he grimaced and left the court for medical evaluation. The Warriors confirmed that he would not return due to right abdominal pain later that night. Curry has been crucial to the team's performance, averaging over 30 points per game.
UP CM Adityanath dismisses Diwali pollution concerns, says it will subside
Uttar Pradesh Chief Minister Yogi Adityanath has defended Diwali firecracker celebrations, playing down concerns over the resulting rise in pollution. Saying the pollution would subside, he questioned why critics were not equally vocal about those who had allegedly polluted the system through corruption, and said his government had imposed no restrictions.
‘Unaware of their race’: Who is Alaina Kunes? Ole Miss freshman and granddaughter of Kunes Auto Group owner apologizes after viral racist video
Alaina Kunes, an 18-year-old who previously studied at the University of Mississippi, has publicly apologized for her inappropriate actions towards Black students that were recorded and shared online. She expressed regret for her behavior, acknowledging the pain it caused within the Ole Miss community. The university has launched an investigation into the incident, and Kunes has chosen to withdraw, offering her full cooperation during this process.
Sonia Gandhi questioned Rajiv on Shah Bano case, he said he was trying to deal with it fairly
In her new memoir, Sonia Gandhi recalls questioning Rajiv Gandhi over his handling of the Shah Bano case and his attempt to balance religious rights with gender justice. She also revisits the Ayodhya dispute, alleging that the BJP-RSS's actions deepened communal tensions and eventually led to the Babri Masjid's demolition.
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.
NCLT approves Ashdan Properties' resolution plan for Sunblink Real Estate
The National Company Law Tribunal approved Ashdan Properties' resolution plan for Sunblink Real Estate, which involved significant creditor dues. Sunblink Real Estate's insolvency proceedings were initiated over a default related to financial obligations. The properties in question include sea-facing buildings in Mumbai's Worli area, acquired previously from entities linked to Iqbal Mirchi. The resolution plan allocates Rs 143 crore to the secured financial creditor Piramal Finance over several instalments.
RRAG urges UN to intervene over Sheikh Hasina’s right to return to Bangladesh
The Rights and Risks Analysis Group urges the UN Secretary General and other officials to intervene concerning Sheikh Hasina's return. The former Prime Minister's passport application was denied by Bangladesh's government, preventing her return. Bangladesh's Constitution and international law recognize the right to return, which has been allegedly violated in this case. Despite demands for her extradition, the government has created obstacles for Hasina's return from India.
Satya Micro Capital to sell its housing finance arm to address liquidity crunch
Satya Micro Capital plans to sell its housing finance subsidiary for ₹150-200 crore to ease liquidity pressure and strengthen its financial position. The microfinance lender has shortlisted three buyers and expects to close the deal within a month. The move comes amid mounting debt repayments, weak asset quality and losses.
Keralam testing random fuel samples for ethanol density: State Minister Anoop Jacob says 'major concern' raised in Karnataka
Keralam's Food and Civil Supplies Minister Anoop Jacob recently declared a program to collect petrol samples for ethanol testing, aiming to address concerns voiced by Karnataka officials regarding excessive ethanol blending. Jacob underscored the necessity of consumer transparency regarding fuel components, noting that inspections in Kochi have uncovered samples currently being tested, thus igniting pivotal discussions about fuel quality across Indian states.
Karnataka will proceed with Mekedatu project, says Supreme Court has upheld its right: DK Shivakumar
Karnataka Deputy Chief Minister DK Shivakumar said the state would proceed with the Mekedatu reservoir project, citing a Supreme Court ruling that permits construction subject to releasing 177 tmc ft of Cauvery water to Tamil Nadu. His remarks followed Tamil Nadu Chief Minister Joseph Vijay's appeal to the Centre against granting approvals without consent.
Bonus, stock splits & dividends: Dabur India, HUL, ONGC among 76 companies turning ex-record date this week
As many as 76 companies, including Dabur India, HUL, ONGC, NBCC, and HUDCO, have set record dates for dividends, stock splits, and bonus issues during the week of November 9-13. Markets remain closed on Tuesday, November 10, for Diwali-Balipratipada.
Daughter took father’s land by paying Rs 7.25 lakh in cash to her brothers and abandoned father, he filed a court case; Karnataka HC gives back the land to him
Mr. Bairappa had given his land to his daughter with the understanding of receiving care. However, she betrayed him by denying assistance and fraudulently claiming the land through various documents. After a legal battle, the Karnataka High Court ruled in Bairappa's favor, canceling the release deed. The court highlighted the importance of protecting senior citizens from financial exploitation by their children.
Who is Harmeet Dhillon? Trump-appointed civil rights chief resigns after Republican midterm losses
Harmeet Dhillon, previously serving as Assistant Attorney General, has stepped down following the Republican Party's setbacks in the midterm elections. A well-known civil rights attorney appointed by Trump at the DOJ, Dhillon's resignation marks the first departure among senior DOJ personnel after Democrats' victories. With a strong focus on civil liberties and free speech, her exit hints at potential shifts among political appointees during this transitional phase.
UP 2027 polls extremely crucial for poor, exploited Dalits: Mayawati
Mayawati emphasized the critical role of the upcoming Uttar Pradesh Assembly elections for both the Bahujan Samaj and the upper-caste. She criticized the Congress, Samajwadi Party, and BJP for inadequately addressing the needs of marginalized groups. The meeting was geared towards strategizing for victory and tackling pivotal issues like poverty and unemployment, reflecting her dedication to the principles laid out by B R Ambedkar.
Delhi SIR: SC to hear plea on concerns over EC's Form 6 clarification on Nov 19
The Supreme Court has scheduled a hearing on November 19 regarding concerns over voter enrollment in Delhi. Petitioners argue that the Election Commission's clarification allows unjust requirements for previously registered voters. The court had previously questioned the need for voters to re-register using Form 6. Advocates suggested that those previously enrolled should have alternative options for reinstating their voting rights.
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.
Will not stop till CEC Gyanesh resigns or PM removes him: Rahul Gandhi at public event against SIR
Rahul Gandhi held a 'Jan Sunwai' event in New Delhi to address alleged voter fraud issues. He claimed that 416 voters were improperly removed from electoral rolls under the Special Intensive Revision process. Gandhi expressed concerns over the disenfranchisement of poor citizens and criticized Gyanesh Kumar's role. He emphasized the importance of protecting the right to vote for all Indian citizens.
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