Ola Electric Mobility Business has announced its financial results for FY2023, with revenue of Rs 2,782 crore, compared to Rs 456 crore the year before. The company says it has improved its financial performance with the EBITDA loss for FY2023 improving to 43 percent versus 157 percent a year ago. It says that it also […]
bitsCrunch, a decentralised AI-powered data network, will make its BCUT token, a native utility and governance token, available for sale through CoinList. From what it’s understood, it will involve six percent of the total supply of 60,000,000 BCUT for public sale. According to an official release, the BCUT token sale on CoinList is scheduled to […]
The debate on two key Bills related to Jammu and Kashmir in the Rajya Sabha on Monday led to an uproar in Parliament over DMK MP MM Mohamed Abdullah’s reference to lines by social reformist Periyar. The remark, later expunged from the records, led to a stern response from Chairman Jagdeep Dhankhar who underscored the […]
Lok Sabha Security Attack Latest News: The security officials have identified the three men and one woman, who were involved in the security breach of Lok Sabha on Wednesday. Latest reports say that six individuals were involved in the brazen intrusion of the Lower House of Parliament. As the Opposition ups the ante and demands […]
Ford Motor Co is cutting 2024 production goals in half for its F-150 Lightning plug-in pickup truck — itssignatureelectric vehicle — due to slowing demand for battery-powered models. The automaker now intends to build 1,600 of the trucks a week in 2024 at its plant in Dearborn, Michigan, down from a previous plan to manufacture […]
State-owned MOIL Limited on Wednesday announced that its board has approved a strategic partnership with Gujarat Mineral Corporation Limited (GMDC) for manganese ore mining in Gujarat. The partnership will form a 51:49 joint venture company between MOIL Ltd and GMDC. “The Board of MOIL at its meeting held on December 13, 2023 has approved joint […]
Former Madhya Pradesh Chief Minister Shivraj Singh Chouhan’s flagship MP Mukhya Mantri Ladli Behna scheme resulted in gains of at least 30-35 seats spread across at least eight districts of the state for the Bharatiya Janata Party in the recently concluded Assembly elections in the state, an SBI Research report released on Thursday said. “We […]
Propelled by a surge in vegetable prices, India’s retail inflation, based on the Consumer Price Index (CPI), likely rose to a three-month high of 5.7% in November from 4.87% in October, according to a poll of 17 economists by FE. In November 2022, the retail inflation was at 5.88%. The estimates in the poll, however, […]
By now, Royal Enfield, maker of the iconic bullet motorcycle, has figured out one thing: that legacy alone is not going to be enough to keep the acceleration constant. You need driving force. So in November, in the face of rising competition in the premium bikes segment, Eicher Motors, the listed parent of Royal Enfield, […]
The domestic refined copper demand growth will remain healthy at ~11 per cent in FY2024 and FY2025, outpacing the rate of global growth in copper demand, given the Government’s thrust on infrastructure development and a gradual transition to renewable energy, according to a report by ICRA. Per the report, the price of copper is expected […]