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₹1200 crore ($145 million), at a valuation of upto ₹80,580 crore, or $9.8 billion. In its last fundraise round with British International Investment (BII) last year, Mahindra's passenger electric mobility unit, MEAL (Mahindra Electric Automobile Limited) was valued at $9.1 billion. Mint reported in March that Mahindra & Mahindra Ltd was in advanced talks with global investors to raise $1-1.3 billion by selling shares in its electric vehicles (EV) unit in multiple tranches over the next 2-3 years.

Tesla headed by Elon Musk, is on its way to India and has been making significant strides toward establishing a manufacturing facility. Following a meeting between Prime Minister Narendra Modi and the Tesla CEO during Modi's recent visit to the US, the EV maker has gone ahead with its plans for the manufacturing facility by signing a five-year lease for a 5,850 sq ft office space in Pune.

electric vehicle maker's total commitment to 10 years. The Hindustan Times report while quoting documents shared by real estate analytics firm CRE Matrix notes that Tesla will pay a monthly rent of ₹11.65 lakh along with a security deposit of ₹34.95 lakh in order to lease the space for a 60-month period.

Delhi services ordinance, NCP founder and Rajya Sabha member Sharad Pawar said on Wednesday. The Union government had on Tuesday tabled the contentious bill in Lok Sabha to replace the Delhi services ordinance amid vociferous protests by opposition members, who termed it a «murder of democracy», evoking a sharp retort of «politically motivated» jibe from Home Minister Amit Shah.

₹124.94 crore for the first quarter of this fiscal, while sale bookings fell 11 per cent annually in April-June period to ₹2,254 crore. The company also plans to raise ₹2,000 crore, in one or more tranche, through issue of non-convertible debentures (NCDs) and bonds on private placement basis. Its net profit stood at ₹45.55 crore in the year-ago period.

Vande Bharat Express and the CSMT-Solapur Vande Bharat Express. Both the Vande Bharat trains are operated by the Central Railway. According to a release, the CSMT-Shirdi Sainagar Vande Bharat train will arrive at Thane station at 6:49 AM and depart at 6.51 AM.

Tesla are meeting up with Indian government officials to discuss its foray into the country, the US-based electric vehicle manufacturer has picked up office space in Pune’s Viman Nagar locality. The company’s India arm, Tesla India Motor & Energy, has leased the office spread over 5,850 sq ft in a coworking center on the first floor of one of the towers in Panchshil Business Park. The lease will have a total term of five years starting from October 1 with a lock-in period of three years.

Ashish Dhawan added Religare Enterprises to his portfolio in the quarter ended June 2023 while he likely exited two companies — Birlasoft and Zensar Technologies. Dhawan picked up a 1.66% stake in Religare Enterprises (REL) — a diversified financial services group giving services across verticals viz. loans to SMEs, affordable housing finance, health insurance and retail broking.

Narendra Modi, late Rajiv Gandhi and late Indira Gandhi, Maharashtra Deputy Chief Minister Ajit Pawar said on Tuesday expressed that these great leaders share some similar traits. "There is no other personality in the country who has popularity like Modi ji. Look at the work he has done…, the kind of respect India gets at the global level," the deputy CM said while speaking to PTI.

Debashree Dutta of Shardul Amarchand Mangaldas & Co (SAM & Co) and Roopali Singh of AZB & Partners are joining law firm Vritti Law Partners for its Mumbai and New Delhi office respectively as co-founders of the firm. Founded by Shameek Chaudhuri and Arvind Ramesh in Mumbai at the beginning of the year, Vritti Law Partners will have its New Delhi office that will be headed by Roopali Singh. An alumnus of the ILS Law College Pune and the University of Oxford, Dutta started her career with ICICI Bank as a manager legal in the year 2007. Subsequently, she moved to the law firm AZB & Partners in 2011 and later joined SAM & Co as Partner for Banking, Finance and Project Finance practice. “This opportunity of collaborating with driven colleagues to build a nimble, transparent and client-centric firm from the ground up is both invigorating and empowering,” said Dutta. “Together, we embark on an exciting entrepreneurial journey, leaving behind the safety net of a large law firm, to explore new horizons and create a dynamic practice that aligns with our shared vision.” An alumnus of the Faculty of Law from the University of Delhi, Singh started her career with Dua Associates in 2004. In 2013 she joined AZB & Partners, where she rose to become Senior Partner in the firm’s litigation and dispute resolution practice.

Modi on Tuesday shared stage with NCP chief Sharad Pawar at the Lokmanya Tilak National Award ceremony in Pune. Before the ceremony commenced, the two leaders were seen exchanging jovial banter, with Pawar patting Modi's back, as others, including the NCP chief's estranged nephew and Deputy CM Ajit Pawar, looked on.

Prime Minister Narendra Modi shared the stage with NCP chief Sharad Pawar at an award ceremony on Tuesday. Visuals from the event showed the duo exchanging jovial banter as members of Maharashtra's ruling coalition - including his estranged nephew Ajit Pawar - looked on.

e-commerce industry is likely to create 7,00,000 gig jobs in the second half of this year as businesses are recruiting temporary workers to ensure best customer experience during the festive period, according to a TeamLease report. The country's e-commerce companies are gearing up to meet consumer demands during the annual shopping frenzy in the run-up to the festive season, and this surge is projected to generate almost 7,00,000 gig jobs in the second half of 2023, the staffing company said in its report on Tuesday.

Narendra Modi on Tuesday inaugurated two new extended lines on the Pune Metro, flagging off services between Civil Court-Phugewadi and Ruby Hall Clinic-Garwar. Speaking at the event, Modi said, «We have to modernise public transport, the government is making efforts to improve metro network.» He also extolled the importance of working together, saying that the country and society are the important factors at play, not power. «We want to ensure a better future for you and your children and future generations.

Narendra Modi on Tuesday was conferred Lokmanya Tilak National Award in Pune. The Prime Minister alsong with Ajit Pawar, Eknath Shinde, Devendra Fadnavis shared stage with NCP chief Sharad Pawar at the ceremony. During the event, PM Modi and the NCP supremo shared a candid moment on the stage.

NCP chief Sharad Pawar, who shared stage with Prime Minister Narendra Modi at the Lokmanya Tilak National Award ceremony in Pune, could have turned his back on the event to clear doubts about him among those who have taken a dim view of it. An editorial in the Shiv Sena (UBT) mouthpiece 'Saamana' claimed PM Modi accused the Nationalist Congress Party (NCP) of corruption and then engineered a split in the party and muddied the politics in Maharashtra. «Still Sharad Pawar will welcome Modi and this has not gone down well with some people.

₹5 lakh for the families of the deceased in the crane accident at Shahapur in Thane district. Expressing his grief over the loss of lives, CM also added that instructions have been given for the thorough investigation of the incident. While speaking to reporters, the Chief Minister said, "On Girder machine collapse in Thane's Shahapur, Maharashtra CM Eknath Shinde, says “ ₹5 lakhs ex-gratia will be given to the next of kin of the deceased.

Pradhan Mantri Awas Yojana by PCMC. According to a report by The Indian Express, as PM Modi is visiting the city today, certain schools have chosen to close for the day, while others have opted to conduct online classes.

Congress and the Thackeray faction of the Shiv Sena have disapproved of Nationalist Congress Party president Sharad Pawar handing over Prime Minister Narendra Modi with the Lokmanya Tilak National Award at a meeting in Pune on Tuesday. The MVA constituents said that it would send the wrong message to the people. Modi's BJP had weaned away a faction of NCP recently.

New Delhi: With a large numbers of eye flu or conjunctivitis cases being diagnosed across the country, eye specialists are worried that it could be a new emerging threat related to viral infection. Northeastern states, Delhi, Rajasthan, Uttar Pradesh, Maharashtra and Gujarat are recording maximum number of such cases. (Dr) Jeewan Singh Titiyal, professor of ophthalmology and Chief of RP Eye Center at AIIMS (Delhi) said, “There is an outbreak like situation of Conjunctivitis or eye flu this year.

Mint. Chawla told Mint that they are monitoring the situation on the ground as there should not be misuse of antibiotics. Similar, advisory is being issued by the drug controller of the other states/UTs like UP, Haryana, Maharastra keeping the outbreak situation within their jurisdiction.