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Eola Electric raises $385 million from Temasek and State Bank of India

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Eola Electric raises $385 million from Temasek and State Bank of India

Electric vehicle maker Ola Electric has raised Rs 3,200 crore ($385 million) from a mix of equity and debt from lead investors led by Temasek and State Bank of India (SBI).

The funds will be used to expand Ola’s EV business and set up India’s first lithium-ion cell manufacturing facility in Krishnagiri, Tamil Nadu, Ola Electric said in a press release.

Ola Electric will start its lithium-ion cell manufacturing facility with an initial capacity of 5 gigawatt hours in the first phase which will be expanded to 100 gigawatt hours at full capacity in phases.

Apart from scooters, Ola has also introduced its motorcycle line-up which will be launched by the end of next year.

Over the past few months, Ola Electric has raised money in several tranches. Temasek, Blue Investments, DIG Investments, Tiger Global, Tecne Private Ventures and Ashutosh Vinayak Joshi have collectively invested $300 million in the Bengaluru-based company. Entrackr decoded it on 7 October.

According to TheKredible estimates, the company is valued at around Rs 44,410 crore or $5.4 billion after the allotment. This is a significant increase in valuation from $5 billion in January last year.

With this, Ola Electric has raised over $1 billion from equity and debt.

With 23.6% of the total, SoftBank is the biggest external stakeholder, followed by Matrix, Tiger Global, and other startups, according to data intelligence platform TheKredible. Bhavish Aggarwal, the founder and CEO, owns 36.6% of the company, ahead of Series E.

The company’s fiercest competitor, Ather Energy, also secured $108 million from Hero MotoCorp and GIC last month.

While Ola Electric has not yet filed its annual report for FY23, the firm posted Rs 373 crore in operating revenue during FY22, compared to Rs 0.86 crore in FY21. Manufacturing expenses and additional overhead costs resulted in losses increasing four-fold, reaching Rs 784 crore in FY2012.

Mamaearth IPO: Honasa Consumer sets price range at ₹308-324 per share

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Mamaearth IPO: Honasa Consumer sets price range at ₹308-324 per share

Mamaearth IPO: Mamaearth’s parent company Honasa Consumer has set the price band for its issue at ₹308-324 per share, with a face value of ₹10 each. On October 31, Honasa Consumer will begin its three-day initial public offering (IPO).

MamaArth plans to raise ₹365 crore in primary capital and offer 41,248,162 equity shares for sale.

Existing investors Fireside Ventures, Stellaris Venture Partners, Sofina Ventures, as well as high net worth individuals Kunal Bahl, Rishabh Mariwala, Rohit Bansal and Shilpa Shetty will sell some of their shares through the IPO.

The Mamaearth IPO opens for subscription on Tuesday, October 31 and closes on Thursday, November 2. The allotment to anchor investors for Honasa Consumer IPO is scheduled to take place on Monday, October 30.

‘Baap of Chart’ banned from market, SEBI orders return of $2.1 million

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‘Baap of Chart’ banned from market, SEBI orders return of $2.1 million

SEBI in its investigation found that Mohammad Naseeruddin Ansari gave stock recommendations in the guise of providing educational training.

Market regulator SEBI banned a popular influencer on social media from securities trading and ordered him to return Rs 17.2 crore he collected from followers, after its investigation found that he made financial gains under the guise of providing educational training. Gave stock recommendations.
The action by the Securities and Exchange Board of India comes amid growing clamor for action on so-called finfluencers amid concerns over the feasibility of their claims of making profits through trading strategies on social media platforms like X, formerly known as Twitter. Has been done after. Communicate with your followers.

 

In an interim order on Wednesday, the regulator banned Mohammed Naseeruddin Ansari, who operates on social media with the name “Bap of Chart”, from buying, selling or dealing in securities. .. It also outlawed a person and a business connected to Ansari.

Ansari did not respond to requests for comment right away.

In August, the regulator sought comments from the public on a regulation that would crackdown on the activities of investment advisers and market analysts who are not registered with it. This action of SEBI has come amid the increasing popularity of shares among Indian retail investors.

October 26 gold and silver prices: view the most recent figures for your location

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October 26 gold and silver prices: view the most recent figures for your location

Gold remained costlier on Thursday, with the daily price of 22 and 24 carat (K) gold rising by ₹10 and ₹11 respectively for each gram, higher than the previous day’s similar rates, the Good Returns website showed.

Accordingly, one gram of 22K gold comes at ₹5665, eight grams at ₹45,320, while 10 grams and 100 grams come at ₹56,650 and ₹5,66,500 respectively. Similarly, for 24K yellow metal, buyers will have to pay ₹6180 (one gram), ₹49,440 (eight grams), ₹61,800 (10 grams) and ₹6,18,000 (100 grams)

Gold prices in India today

However, the gold prices mentioned above are only indicative, as they do not include GST, TCS and other levies. For exact daily cost, one should contact a local jeweler.

City 22K Gold (Price/10 Gram) 24K Gold (Price/10 Gram)

Ahmedabad ₹56,700 ₹61,850

Bengaluru, Hyderabad, Kolkata, Mumbai ₹56,650 ₹61,800

Chennai ₹56,550 ₹61,690

Delhi ₹56,800 ₹61,950

Silver prices in India today

City Silver Price (Per 10 Grams)

Ahmedabad, Delhi, Kolkata, Mumbai ₹746

Bengaluru ₹740

Chennai, Hyderabad ₹775

On the other hand, according to Good Return, the daily price of silver is the same as yesterday. Therefore, to buy one gram of silver, customers will have to spend ₹74.60, ₹596.80 for eight grams, ₹746 for 10 grams, ₹7460 for 100 grams and ₹74,600 for 1 kilogram.

New Bajaj Pulsar NS400 Launching in 2024: Top 5 Things to Know

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New Bajaj Pulsar NS400 Launching in 2024: Top 5 Things to Know

The most powerful Pulsar to date, the NS400 will likely launch in 2024; Bajaj will install Dominar 400 engine in its upcoming bike

Taking forward the highly popular Pulsar nameplate, Bajaj Auto is working on its most powerful and largest version yet. Likely to be called NS400, the naked sports bike will use the underpinnings from the NS200 while the powertrain will be lifted from the Dominar 400. Let’s take a look at the top 5 things to know about the upcoming new Bajaj Pulsar NS400.

1. Dominar 400 engine
Bajaj will use the 373cc liquid-cooled single-cylinder engine of the Pulsar NS400 from the Dominar 400, mated to a 6-speed gearbox. The engine is essentially derived from the engine of the previous generation KTM Duke 390, however, it has been re-tuned to suit the touring-specific character of the Dominar 400. The motor is rated for 40 horsepower and 35 Nm of peak torque. We expect the two-wheeler manufacturer to work with this engine to better fit the character of the NS400, possibly by changing the gear ratio or power delivery pattern.

As we all know that the Pulsar moniker has always been appreciated for its value-for-money preposition. It will be continued with the NS400 and reports suggest that it will be positioned below the Dominar 400 which is currently retailing at Rs. 2.3 lakh (ex-showroom). However, there is a possibility that the Pulsar NS400 could be the new flagship product from Bajaj, which will be priced slightly more than the Dominar 400. Still, we are pretty sure it will be priced lower than the Triumph Speed 400.

3. Launch Timeline
According to media reports, Bajaj Pulsar NS400 will be launched in the year 2024 and specifically by the second quarter (April-June 2024). We expect more details to be revealed along with an exact launch timeline in the coming months.

, Pulsar NS200 based styling
Since the name of the bike will be NS, it will be inspired by Pulsar NS200 in terms of design. While the NS200’s design has become very dated, it needs a refresh. We expect the NS400 to come with a new and modern design similar to its 200cc sibling. The same styling can also be applied to the smaller capacity NS series bikes. USD forks will remain part of the package.

5. Rival
Competing in a highly competitive price segment, the new Bajaj Pulsar NS400 is likely to get a lot of heat from its rivals. It will compete with some of the major players in its price and engine category. The list includes the new-gen KTM Duke 390, Triumph Speed 400, TVS Apache RTR 310, Honda CB300R and BMW G 310R among others.

Chandrayaan- 3 has successfully completed its charge, but it’ll remain on the Moon permanently.

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Chandrayaan- 3 has successfully completed its charge, but it’ll remain on the Moon permanently.

The spacecraft now faces new challenges in its dormant state, particularly from the lunar terrain. A major challenge is the constant shower of micrometeoroids that bombard the lunar face.

Micrometeoroids are bitsy patches of dust and gemstone that travel through space at high speed. They can be as small as grains of beach, but they can still beget significant damage to spacecraft.

Indeed a small shock can damage sensitive factors or perforation the spacecraft’s housing, causing it to blunder air and come uninhabitable.

Center declares National Space Day on Chandrayaan- 3 success The Government of India has declared August 23 every time as National Space Day to celebrate the success of Chandrayaan- 3 charge with the wharf of Vikram lander and deployment of Pragyan rover on the lunar face on August 23, 2023.

Chandrayaan- 3 charge is India’s third charge to the Moon and the first attempt to land on the Moon’s south pole. numerous scientific trials are anticipated to be conducted in this charge to study the face, structure and atmosphere of the Moon.

If…, India will start providing visa services to Canada.’: Jaishankar

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If…, India will start providing visa services to Canada.’: Jaishankar

According to External Affairs Minister S. Jaishankar, India and Canada’s relations are “going through difficult times” as of Sunday.

Speaking on Sunday on the lowered visa services between Canada and India in the midst of their diplomatic spat, External Affairs Minister S Jaishankar stated that he would want to restart them if Indian diplomats are given protection in Canada in accordance with the Vienna Convention. Visa Issuance”.

According to Jaishankar, India stopped issuing visas to Canada a few weeks ago since it was unsafe for our diplomats to travel for business in order to do so.

Gaganyaan’s test flight successful, crew escape module landed

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Gaganyaan’s test flight successful, crew escape module landed

The test vehicle charge is the precursor to the Gaganyaan program which aims to shoot humans into space in a 400- km downward Earth route.

New Delhi ISRO’s unmanned test flight for its first manned spaceflight charge’ Gaganyaan’ moment lifted off from Sriharikota, marking the first corner in India’s ambitious space charge.

Saturday’s rocket tested its crew module’s exigency deliverance system, which separated from the thruster and made a soft wharf in the ocean about 10 twinkles after launch. This charge was conducted to test the effectiveness of the vehicle’s crew escape system, which would be used in case the astronauts demanded to void in an exigency.

The test vehicle D1 charge was listed to launch from the first launch pad at 8 am but was revised to8.45 am. But the preamble stopped just 5 seconds before the launch. ISRO linked the cause and successfully completed the test at 10 am.

Hitman’ Rohit Sharma becomes first Indian batter to hit 50 ODI sixes in a timetable time Leading the Indian Cricket Team from the front is the commander Rohit Sharma.

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Hitman’ Rohit Sharma becomes first Indian batter to hit 50 ODI sixes in a timetable time Leading the Indian Cricket Team from the front is the commander Rohit Sharma. In the former match of the Cricket World Cup, Rohit Sharma achieved a rare feat of getting the first Indian to hit 300 ODI sixes and now he has come the first Indian to slam 50 ODI sixes in a timetable time. In the India vs New Zealand clash, previous to reaching his half- century, Rohit Sharma had formerly hit 4 gigantic sixes. Dubbed the megahit- Man for his ferocious hitting capacities, Rohit Sharma is the only 3rd batter in the history of the game to slam 50 ODI sixes in the timetable time. Only Chris Gayle and AB de Villiers stand ahead of the Indian commander. The Proteas great AB de Villiers tops the maps after having slammed 58 sixes back in 2015 and is nearly followed by the West Indian giant Chris Gayle who slammed 56 sixes back in 2019. The Indian commander and opening batter recaptured his form ahead of the World Cup and has been attacking the opponent bowlers with his sonorous muscle.

India vs New Zealand Live Score, World Cup 2023 Virat Kohli’s brilliance takes IND to a four- gate palm India vs New Zealand World Cup 2023

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India vs  New Zealand Live Score, World Cup 2023 Virat Kohli’s brilliance takes IND to a four- gate palm India vs New Zealand World Cup 2023

Live Score Courtesy of a brilliant 95 from Virat Kohli India registered their first palm in the ICC glories against New Zealand.

While lattices were falling from one end the chase master anchored the innings and took Men in Blue for a memorable palm. before Mohammed Shami broke the reverse of the NZ lower order and starred with 5 lattices indeed as Daryll Mitchell scored 130 to help the Kiwis post 273 in 50 overs. Rachin Ravindra was the alternate-loftiest arranger with 75 as Kuldeep Yadav snapped up 2 lattices

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