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July 30, 2024
Ola Electric sets ₹72-76 price band for IPO
The country's largest electric two wheeler (e2W) player Ola Electric is going for the biggest initial public offering (IPO) of the year, so far, aiming to raise ₹6,146 crore ($734 million).
2 mins
"Too big to fail' Big Techs pose risk profiling challenges: RBI
The Reserve Bank of India (RBI) has cautioned that Big Tech companies that can quickly become \"too big to fail\" and dominate markets, could present significant challenges in assessing risk profiles due to their unique characteristics, extensive group entities, interconnected activities, and transnational presence.
!["Too big to fail' Big Techs pose risk profiling challenges: RBI](https://reseuro.magzter.com/100x125/articles/18959/1781732/A20zFk5Xl0SapzMiQgqsys/TOO-BIG-TO-FAIL-BIG-TECHS-POSE-RISK-PROFILING-CHALLENGES-RBI.jpg)
2 mins
'In future, we will have a few more listings from the group'
Ola Electric, a pioneer in India's electric two-wheeler segment, is eyeing a valuation of $4 billion in its $734 million initial public offering. BHAVISH AGGARWAL, founder and CEO, believes this IPO is a key step in the company's long-term plans. Aggarwal, 38, shares how the company is building scale in an interaction with Samie Modak, Sohini Das, and Shivani Shinde. Edited excerpts:
!['In future, we will have a few more listings from the group'](https://reseuro.magzter.com/100x125/articles/18959/1781732/UMt3FrGjGHaRfghny26sys/IN-FUTURE-WE-WILL-HAVE-A-FEW-MORE-LISTINGS-FROM-THE-GROUP.jpg)
1 min
High cost, price war led to sale of India Cements: Srinivasan to staff
Long before the news of Kumar Mangalam Birla-controlled UltraTech Cement acquiring India Cements hit the media, its managing director, Narayanaswami Srinivasan, delivered a poignant farewell speech to the company's employees on Sunday morning.
![High cost, price war led to sale of India Cements: Srinivasan to staff](https://reseuro.magzter.com/100x125/articles/18959/1781732/XQh9IHIAxQGmB49PMqVsys/HIGH-COST-PRICE-WAR-LED-TO-SALE-OF-INDIA-CEMENTS-SRINIVASAN-TO-STAFF.jpg)
2 mins
On the table: 2 sets of 3-slab GST structure
Fitment panel is working on two options to keep prices of essential goods in check
![On the table: 2 sets of 3-slab GST structure](https://reseuro.magzter.com/100x125/articles/18959/1781732/g0MzmEXQwDMH9AyGHYFsys/ON-THE-TABLE-2-SETS-OF-3SLAB-GST-STRUCTURE.jpg)
2 mins
M&A wave set to wash over South cement mkt
UltraTech Cement's announcement that it would snap up a controlling stake in India Cements may only be a sign of more to come.
![M&A wave set to wash over South cement mkt](https://reseuro.magzter.com/100x125/articles/18959/1781732/5kMnXTs9EBFFl35kD6Msys/MA-WAVE-SET-TO-WASH-OVER-SOUTH-CEMENT-MKT.jpg)
2 mins
'IPO attractively priced...Ola just getting started'
Ola's $4 billion valuation is much less than what was reported earlier.
!['IPO attractively priced...Ola just getting started'](https://reseuro.magzter.com/100x125/articles/18959/1781732/8WSPKIqzVVyOPnWdz7jsys/IPO-ATTRACTIVELY-PRICEDOLA-JUST-GETTING-STARTED.jpg)
2 mins
After Air India, Vistara rolls out VRS for ground staff
Vistara on Monday announced a voluntary retirement and voluntary separation schemes (VRS and VSS) for its permanent ground staff, ahead of its merger with Air India, which had announced similar plans for its non-flying permanent employees two weeks ago.
1 min
Ad, not pay model, may drive revenue for video biz
Growth of online video depends on ability to attract audiences looking for free content, says Omdia research
![Ad, not pay model, may drive revenue for video biz](https://reseuro.magzter.com/100x125/articles/18959/1781732/chbtqIbcWGyIfth8kD4sys/AD-NOT-PAY-MODEL-MAY-DRIVE-REVENUE-FOR-VIDEO-BIZ.jpg)
3 mins
TaMo looks to drive into mid-SUV space with Curvy
With the upcoming Curvy SUV Coupe, Tata Motors, which has an 18.5 per cent share of the sport utility vehicle (SUV) market in India, is eyeing a foothold in the mid-SUV segment, where it has no presence so far.
![TaMo looks to drive into mid-SUV space with Curvy](https://reseuro.magzter.com/100x125/articles/18959/1781732/EwtKZ3tkEzCGI9lMCTmsys/TAMO-LOOKS-TO-DRIVE-INTO-MIDSUV-SPACE-WITH-CURVY.jpg)
2 mins
Adani Wilmar swings back into ₹313 cr net profit
Adani Wilmar has reported a net profit of ₹313 crore in the June quarter, compared to a loss of ₹79 crore in the yearago period, as its volume and sales grew in Q1FY25.
1 min
INDIA MAY LEAD GLOBAL GROWTH IN LIGHT-VEHICLE PRODUCTION
India is projected to lead global growth in light-vehicle production with a compound annual growth rate (CAGR) of 4.6 per cent from 2023 to 2033, according to estimates by S&P Global Mobility.
1 min
'Room for India's DPI to diversify digital trade'
Digitisation presents an opportunity to hasten internationalisation of the rupee and can make it a currency of choice for cross-border payments, the Reserve Bank of India's (RBI's) currency and finance report for 2023-24 has said.
1 min
Over a million-strong CAPF, the Centre's invisible army
In the Union Budget on July 23, the central government allocated ₹6.21 trillion (about $75 billion) to the four wings of the military-the Army, Navy, Air Force, and Coast Guard - for 2024-25.
![Over a million-strong CAPF, the Centre's invisible army](https://reseuro.magzter.com/100x125/articles/18959/1781732/e2dxe7i6SvFs6UmCEFCsys/OVER-A-MILLIONSTRONG-CAPF-THE-CENTRES-INVISIBLE-ARMY.jpg)
2 mins
Das for reskilling, upskilling amid digitisation push
Says tech adoption paving way for next-gen banking
![Das for reskilling, upskilling amid digitisation push](https://reseuro.magzter.com/100x125/articles/18959/1781732/j6uusyiDljO27JyMPzhsys/DAS-FOR-RESKILLING-UPSKILLING-AMID-DIGITISATION-PUSH.jpg)
2 mins
FM to review RRBs' performance after Budget session
Union Finance Minister Nirmala Sitharaman (pictured) will review the performance of regional rural banks (RRBs) after the Budget session of Parliament, according to two people familiar with the matter.
![FM to review RRBs' performance after Budget session](https://reseuro.magzter.com/100x125/articles/18959/1781732/y6R67zc8kim343D3W5Ssys/FM-TO-REVIEW-RRBS-PERFORMANCE-AFTER-BUDGET-SESSION.jpg)
1 min
Bottom line of private banks remains healthy
Private banks' net profit grew 26.3 per cent yearon-year (Y-o-Y) to ₹48,982 crore in the first quarter ended June 2024 (Q1FY25) owing to healthy growth in credit and other income.
![Bottom line of private banks remains healthy](https://reseuro.magzter.com/100x125/articles/18959/1781732/JIiZU3ia0IaCaH7Wfftsys/BOTTOM-LINE-OF-PRIVATE-BANKS-REMAINS-HEALTHY.jpg)
2 mins
Workshops for state officials on labour code sensitisation soon
In a move to build capacity and acclimatise state governments with the new labour codes, the Ministry of Labour & Employment is planning to conduct training workshops for state labour officials once the Budget session of Parliament is over, sources privy to the development told Business Standard on Monday.
![Workshops for state officials on labour code sensitisation soon](https://reseuro.magzter.com/100x125/articles/18959/1781732/rvl4rSdrqXoCT9q7QEqsys/WORKSHOPS-FOR-STATE-OFFICIALS-ON-LABOUR-CODE-SENSITISATION-SOON.jpg)
1 min
Customs duty cut on silver may give Centre breather for now
Move may help check spurt in imports from UAE under CEPA
![Customs duty cut on silver may give Centre breather for now](https://reseuro.magzter.com/100x125/articles/18959/1781732/xkS0KxziYnuTGYVUT6Esys/CUSTOMS-DUTY-CUT-ON-SILVER-MAY-GIVE-CENTRE-BREATHER-FOR-NOW.jpg)
2 mins
Naidu suggests 'P4' model to resolve wealth concentration
At NITI Aayog meet, Andhra CM says job creation should be a national priority
![Naidu suggests 'P4' model to resolve wealth concentration](https://reseuro.magzter.com/100x125/articles/18959/1781732/AGXW1qWnZcpMR829pRFsys/NAIDU-SUGGESTS-P4-MODEL-TO-RESOLVE-WEALTH-CONCENTRATION.jpg)
2 mins
Rahul slams Budget, says BJP betrayed middle class
Leader of the Opposition in the Lok Sabha, Rahul Gandhi, on Monday said the Union Budget for FY25 betrayed the middle class by increasing the tax on the long-term and short-term capital gains and removing the benefit of indexation.
![Rahul slams Budget, says BJP betrayed middle class](https://reseuro.magzter.com/100x125/articles/18959/1781732/hrRGov8FZtT8bLVjcUzsys/RAHUL-SLAMS-BUDGET-SAYS-BJP-BETRAYED-MIDDLE-CLASS.jpg)
2 mins
Biden calls for SC term limits and ethics rules
President Joe Biden on Monday proposed sweeping changes to the US Supreme Court, including term limits and a binding code of conduct for its nine justices, but a deeply divided Congress means the proposals have little chance of enactment.
![Biden calls for SC term limits and ethics rules](https://reseuro.magzter.com/100x125/articles/18959/1781732/63PWTbKHwIW4bVIKjKnsys/BIDEN-CALLS-FOR-SC-TERM-LIMITS-AND-ETHICS-RULES.jpg)
1 min
'No country should dominate others'
CONCERN EXPRESSED OVER SOUTH CHINA SEA TENSION | TERRORISM, EXTREMISM CONDEMNED
!['No country should dominate others'](https://reseuro.magzter.com/100x125/articles/18959/1781732/LGh44rO3MsrnDKSSueAsys/NO-COUNTRY-SHOULD-DOMINATE-OTHERS.jpg)
2 mins
Rise of ByteDance's CapCut threatens Adobe and Canva
CapCut, a video-editing app owned by Chinese tech powerhouse ByteDance, is rapidly gaining steam, threatening to lure users away from Adobe and Canva.
![Rise of ByteDance's CapCut threatens Adobe and Canva](https://reseuro.magzter.com/100x125/articles/18959/1781732/gyKJ6wmclqo8bLW3bqrsys/RISE-OF-BYTEDANCES-CAPCUT-THREATENS-ADOBE-AND-CANVA.jpg)
2 mins
Airlines cancel flights to Lebanon as West Asia tensions escalate
Several airlines have suspended services to Lebanon's main international airport as tensions escalate between Israel and the Hezbollah militia group.
![Airlines cancel flights to Lebanon as West Asia tensions escalate](https://reseuro.magzter.com/100x125/articles/18959/1781732/ngW5f4MRH58AvjdjcsQsys/AIRLINES-CANCEL-FLIGHTS-TO-LEBANON-AS-WEST-ASIA-TENSIONS-ESCALATE.jpg)
1 min
Waiting for takeoff
India needs a clear road map for development
2 mins
Built to last
Infra spend must focus on climate change
2 mins
Throwing the baby out with the bathwater
Policy on derivatives needs to be informed by the evolution of these markets in India and the benefits of risk management
![Throwing the baby out with the bathwater](https://reseuro.magzter.com/100x125/articles/18959/1781732/L492ogkJeogbDyDDmCVsys/THROWING-THE-BABY-OUT-WITH-THE-BATHWATER.jpg)
4 mins
New fiscal policy questions
The first Union Budget of the third Narendra Modi government, presented last week by Union Finance Minister Nirmala Sitharaman, improved the fiscal deficit target for the ongoing financial year by 20 basis points to 4.9 per cent of gross domestic product (GDP), compared to the Interim Budget presented in February.
3 mins
Will the sun shine on the east?
A comparative look at the five states in the Purvodaya scheme
4 mins
Delhi Police, MCD in mission mode
5 detained; civic body warns of more basement closures
![Delhi Police, MCD in mission mode](https://reseuro.magzter.com/100x125/articles/18959/1781732/iaYE9UTv6vALGo1jmwFsys/DELHI-POLICE-MCD-IN-MISSION-MODE.jpg)
2 mins
Big cat mortality drops 29% so far in 2024
In a positive trend, tiger deaths in India saw a 29 per cent decline so far this year, with 81 fatalities of the wild cats reported, compared to 114 registered during the corresponding period last year.
![Big cat mortality drops 29% so far in 2024](https://reseuro.magzter.com/100x125/articles/18959/1781732/viCmZWRgF2ALsv9Wztcsys/BIG-CAT-MORTALITY-DROPS-29-SO-FAR-IN-2024.jpg)
1 min
Multi-asset allocation funds steal a march on BAFS
Since April '23, they've amassed ₹42,980 crore, leaving BAFS trailing at ₹14,033 crore
2 mins
IndiGo shares go into tailspin over muted Q1
IndiGo share price fell as much as 4.8 per cent to a low of ₹4,275 per share on the BSE in Monday's intraday trade as investors booked profit in the stock post its April-June quarter (Q1) results for financial year 2024-25 (FY25).
![IndiGo shares go into tailspin over muted Q1](https://reseuro.magzter.com/100x125/articles/18959/1781732/Rowm99gPgRtrWXeGwVDsys/INDIGO-SHARES-GO-INTO-TAILSPIN-OVER-MUTED-Q1.jpg)
2 mins
Loan growth, higher return ratio hopes positive for Bandhan Bank
A big earnings beat drove the share price of Bandhan Bank up sharply.
2 mins
Sebi plans to widen net to curb insider trading
The Securities and Exchange Board of India (Sebi) on Monday proposed expanding the scope of regulations prohibiting insider trading to a wider group of people, including those connected to the officials in access to pricesensitive information.
1 min
Sensex, Nifty end flat after see-saw trade
Nifty hits intraday high of 24,999.75
![Sensex, Nifty end flat after see-saw trade](https://reseuro.magzter.com/100x125/articles/18959/1781732/mgPkBDanSxaVnWZKsdPsys/SENSEX-NIFTY-END-FLAT-AFTER-SEESAW-TRADE.jpg)
1 min
Overlook recent outflows and invest in ELSS if you are in old tax regime
While stock markets hovered near all-time highs and inflows into equity-oriented funds remained strong at ₹40,608.19 crore in June 2024, Equity Linked Savings Schemes (ELSS) or tax-saving schemes witnessed an outflow of ₹445 crore.
2 mins
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kategori: Newspaper
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