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Ola Electric was hit by another wave of uncertainty when media reports suggested the company's reported sales figures do not match vehicle registrations with the government. Here’s what happened: The Bhavish Aggarwal-led company came under the scanner of the Ministry of Heavy Industries (MHI) for reported discrepancies between the strong sales numbers it reported and the registrations recorded by the government.

Dwarka Expressway for Rs 282.42 crore. The company will develop approximately 2 million square feet with a total revenue of around Rs 3,200 crore. “Gurugram’s housing market has experienced exceptional growth in recent years, with Dwarka Expressway emerging as India’s fastest-growing real estate corridor,” said Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.

Mount Lewotobi Laki Laki volcano in south-central Indonesia erupted three times into Friday, sending an ash column 8,000 meters (26,200 feet) high and prompting authorities to expand the danger zone around the volcano. The volcano on the remote island of Flores in East Nusa Tenggara province has had hundreds of earthquakes and visible volcanic activity has significantly increased in the last seven days. An eruption followed by an explosion was heard Thursday evening as far away as Larantuka and Maumere, two cities about 50 kilometers (31 miles) to 85 kilometers (53 miles) from the volcano. The eruption was recorded at several monitoring stations on Flores island, Muhammad Wafid, chief of Indonesia's Geology Agency, said in a statement. There were two other eruptions, and smaller activity occurred during the day Friday. Smoke blew around the crater with weak to moderate pressure, and firelight was seen at the peak, indicating the glowing volcanic material was at a shallow depth. Authorities raised the eruption alert to the highest level and expanded the danger zone from 7 kilometers (4.5 miles) to 8 kilometers (5 miles) from the crater. No new evacuations were ordered.

Gurmeet Chadha, CIO & Managing Partner, Complete Circle Consultants, says despite the fall, Polycab still trades about 30-35 times forward. But Chadha thinks it is a bit of an overreaction. Also, earlier when UltraTech came, the stock corrected and we saw a bit of a recovery. With Adanis entering the fray, there has been another correction. The cable and wire business is very different from the cement industry which saw a similar disruption? Over a period of time, the industry itself is likely to grow with surging power demand, and revival in housing and infra. By the time the new companies would be operational, the market would have grown by another Rs 15,000-20,000 crore from about Rs 1 lakh crore now. So, he does not see much concern in the long run. What is your view on a beaten down sector like the wires and cables segment? What should an investor do if they are invested in this space right now and if they have some of these names like KEI or Havells or Polycab in their portfolio? Is this a move coming in on the back of news flow? It is just the one-time shock that is coming in and in the near future there is room for everybody to win in this space or do you believe that these new entrants could be creating more havoc than the Street is estimating at this point? Gurmeet Chadha: It is a bit of a parallel street drawing of what happened to Asian Paints when Birla came up with the Opus brand.

In a statement released on Friday, the company said that its sales remain strong, and that it is in the process of clearing the backlog that had caused discrepancies in vehicle registration data. According to Ola, this backlog, which was not caused by any internal operational issues, is being addressed, with daily registration numbers already surpassing 50% of the company’s three-month daily sales average. As of the latest update, 40% of the February backlog has already been cleared, and Ola Electric expects the issue to be fully resolved by the end of March 2025.

Federal Reserve's hint at rate cuts this year also fostered appeal.

Subscribe to enjoy similar stories. Manappuram Finance Ltd: Buy at ₹217.50 | Target ₹235-240 | Stop loss ₹210 The Relative Strength (RS) of this stock is rising, also it's near to lifetime high levels. On hourly chart, stock has given breakout with Rectangle pattern.

Subscribe to enjoy similar stories. Mumbai: Stock market indices have pulled back from the lows of early March, but veterans on the Street do not believe the market has bottomed out yet. The reason: Persistent selling by foreign portfolio investors (FPIs), who have dumped Indian shares for six straight months through March.

video conference call on February 14. The agency cited workforce planning as the reason for the terminations. Employees were informed about the decision during a 20-minute virtual meeting. They later received official emails confirming their dismissal.

Simone Basile, a self-styled “influencer” known as the “8th King of Rome,” disguised himself to infiltrate the Rome hospital where Francis is being treated. Basile, a former funeral worker, livestreamed his attempt to “expose” the pope’s absence, despite Vatican officials sharing daily health updates, photos, and even an audio recording of Francis.

Sandro Mamukelashvili to shine. The San Antonio Spurs secured their victory against the New York Knicks on Wednesday after Mamukelashvili reached a career-best 34 points through 13 out of 14 successful field goals and seven flawless three-pointers to add nine rebounds to his tally.

Oberoi Realty has entered into agreement with global investment firm Alpha Wave Ventures II, LP to sell 21.74% stake in its joint venture company, I-Ven Realty for Rs 1,250 crore. This marks one of the largest private equity investments in India's real estate sector so far this year. As per the agreement, Alpha Wave Ventures will acquire the stake in I-Ven Realty through a combination of 2,77,778 Series A convertible preference shares (CCPS) and 10 Class A equity shares. Oberoi Realty and its promoter, Vikas Oberoi, currently hold equal stakes in I-Ven Realty.

Kansas Jayhawks will take on No. 10 seed Arkansas Razorbacks in the first round of the men's 2025 NCAA Tournament on Thursday, March 20. The game will see two legendary coaches, Bill Self of Kansas and Arkansas’ John Calipari, making all possible efforts to start the season on a positive note.

Trading levels surged at the start of the year as inflationary fears and sluggish growth in the UK spooked investors. By 14 January, the 10- and 30-Year gilt yields had climbed 4.89% and 5.44% respectively, the highest levels since 2008. Quilter posts record profits for 2024 amid revenue growth in high net worth and affluent segments The spike in gilt yields and their subsequent moderation prompted Quilter WealthSelect to take profits from government bonds across the managed portfolio service and reduce exposure, using the proceeds to bolster cash levels and increase holdings in al...

Gold of 99.5 per cent purity, which ended the previous session at Rs 91,500 per 10 grams, slipped by Rs 300 to Rs 91,200 per 10 grams on Thursday.

direct tax demand is «difficult to collect», Income Tax Department has informed a Parliamentary panel. When the Standing Committee on Finance expressed concern over the huge arrears of demand and desired to know the possible steps, including a moratorium, that can be taken to address this, the Chairman of CBDT told the panel that arrears are a cause for concern. «We have around Rs 43,00,000 crore of arrear demand which is a cause of concern for us. Partly, this is a legacy issue. This arrear pertains to mid-90s also because earlier what used to happen was there was essentially a manual registers that we were keeping,» the CBDT Chairman told the panel. The report of the Standing Committee on Finance has been tabled in Parliament. The Revenue Secretary informed the panel that a lot of this demand is also «fictitious». The Committee found that in respect of Direct Taxes, Rs 10,55,906 crore tax arrears are pending for five or more years.

Subscribe to enjoy similar stories. Governments in rich countries are set to issue a record $17 trillion in bonds this year as the higher cost of refinancing existing debts continues to push their interest bills higher, the Organization for Economic Cooperation and Development said Thursday.

5G data consumption in India has peaked to 40 GB per user per month and its total subscriber base is expected to grow by 2.65 times to around 770 million in the next three years, telecom gear firm Nokia said on Thursday. The mix of data consumption across 4G, 5G etc has increased by compounded annual growth rate of 19.5 per cent over five years to 27.5 GB in 2024, Nokia's annual mobile broadband index (MBiT) report said. According to the report, there was a remarkable three-fold year-on-year surge in 5G data traffic across India in 2024. «Average 5G data consumption in India per user was recorded at 40 GB in December 2024. We expect the 5G user base to grow to around 770 million by 2028 from 290 million in 2024,» Nokia India, Head of Technology and Solutions (Mobile Networks), Sandeep Saxena said during the report launch.

AI for All' mantra is backed by concrete action with the country leading in AI skill penetration and talent concentration, Union Minister Jitin Prasada said on Thursday as he urged industry leaders to prioritise research and development (R&D) to capitalise on India's position as a global skill capital. Prasada, Union Minister of State for Ministry of Commerce & Industry and Ministry of Electronics & Information Technology, was delivering a keynote address at the Nasscom Global Confluence 2025. «Our mantra 'AI for All' is backed by concrete action. India is number one in the world in AI skill penetration — the AI skill index even outstrips the US and Germany. »It's just not about numbers, it's about impact. As nations across the globe embrace digitalisation to modernise traditional sectors and fuel economic growth, India stands ready to be a strategic technology partner," the minister asserted.