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Ola Electric logged its lowest monthly sales this year in September, government data showed, as the SoftBank-backed firm sees its dominance eroded by smaller competitors and servicing network challenges. Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for the second consecutive month. Its falling month-on-month sales has seen its market share decline for five straight months to 27% in September, from over 50% in April, the data showed.

Atishi was widely shared on social media, with users claiming it to be a recent incident in which Atishi raised the 'Jai Shri Ram' slogan miffed people from the Muslim community, following which she had to apologise to them. The Fact Check Desk found the claim to be false as a recent video dating back to March 2024, when Atishi was the Education Minister of Delhi, was shared on social media as recent. The incident relates to Atishi inadvertently mentioning the area as 'Khajuri Khas' instead of 'Shriram Colony' in her speech, due to which the people present there got angry. A Facebook user named Ajit Kumar Sharma shared this video on September 28 and wrote, «When Delhi's Aam Aadmi Party minister Atishi Marlena went to Shri Ram Colony, as soon as she started her speech by saying Jai Shri Ram, the crowd of Muslims sitting there immediately got up and created a ruckus that why did you say Jai Shri Ram? Then what, Atishi Marlena immediately apologised.» The video has been shared across social media platforms with users claiming that the incident happened recently.

Invesco increased the fair value of public markets-bound online food delivery company Swiggy in its books to $13.3 billion as of July 31, according to a regulatory filing made with the US Securities and Exchange Commission. At the same time, the investor reduced the valuation of fintech firm Pine Labs to $3.3 billion. The valuation ascribed to Swiggy by Invesco was 24% higher than the $10.7 billion value at which the asset management firm invested in the company in January 2022. As of April 30, Invesco valued Swiggy at $12.7 billion. Invesco is not participating in the offer for sale (OFS) component of Swiggy’s upcoming initial public offering (IPO). The Bengaluru-based company has filed an updated red herring prospectus for its public issue through which it is looking to raise Rs 3,750 crore in fresh capital and OFS of up to 185.3 million shares.

In its half-year results to 30 June published on Monday (30 September), DGI9 reported net assets of £403m, down from £686m at the end of 2023.  This represents a 41% decline in NAV over the six-month period, equating to a 41% NAV per share reduction from 79.33p to 46.59p, slightly above the provisional NAV of 45p flagged in an update on 6 September.  The trust attributed the write-down to a reduction in long-term financial forecasts for portfolio companies, £16m in interest expenses, and £6m in professional fees linked to the sale of Verne Global, on top of the £15m incurred in FY23 r...

Subscribe to enjoy similar stories. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to an eight-month low of 56.5 in September from 57.5 in August. A reading of 50 separates expansion from contraction.

Officials say the Seminole Hard Rock Tampa was evacuated twice in two days after the discovery of two suspicious devices at the Florida hotel and casino

A startup called HopfON — a play on Hopfen, the German word for hops — and a research society in Bavaria are seeking to solve the problem of waste created during the hops harvest in Germany

Some Verizon customers have been hit by a service outage

U.S. ports from Maine to Texas could shut down if a union representing about 45,000 dockworkers carries through with a threatened strike early Tuesday

Ashok Leyland on Tuesday reported a 10 per cent year-on-year drop in its sales including exports at 17,233 units in September. The company's total vehicle sales in September 2023 stood at 19,202 units, according to a statement. Sales of medium and heavy commercial vehicles (M&HCVs), including exports, during the previous month stood at 11,077 units, which was 13 per cent lower compared to 12,752 M&HCVs sold in last September, it said The total Light Commercial Vehicle sales (domestic and exports) during September 2024 was recorded at 6,156 units as against 6,450 LCVs sold in the same month of last year, the company stated.

Rail Vikas Nigam Limited (RVNL) on Tuesday announced that it emerged as the lowest bidder from East Coast Railway for construction works in Odisha. The order costing Rs 283.69 crore is to be completed in 24 months' time, the company informed stocks exchanges in a filing. The work orders include 3rd and 4th line between Jarapada and Talcher Road and Construction of New line between Angul-Balram (MCRL Inner Corridor Phase-I Doubling 14 Kms).: Execution of balance earthwork in formation, minor bridges, major bridges, P.way linking works, supply of ballast, S&T Buildings, Level Crossing and other Misc. works between Jarapada and Talcher Road excluding station yards in connection with 3rd and 4th line of Jarapada-Budhapank Project and between Angul and Balram including yards of MCRL Inner Corridor Phase-I Doubling.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Navsari district in connection with the death of a nursing student. The incident occurred on September 23 after the two engaged in a sexual encounter in a hotel, during which the woman began bleeding heavily. Rather than seeking immediate medical assistance, the accused spent crucial time searching online for remedies.

Welspun Corp share price rallied 4% to a 52-week high of Rs 795 in Tuesday's trade on BSE following the announcement of a major order worth Rs 2,400 crore in the United States. «We are pleased to announce the receipt of a significantly large order in the USA valued at Rs 2,400 crore (approx.), for supply of Coated HSAW Pipes for a Natural gas Pipeline project,» the company said in an exchange filing. The execution of this order is scheduled for FY25 and FY26.

JSW MG Motor India on Tuesday reported an 8 per cent year-on-year decline in retail sales at 4,588 units in September. The automaker had sold 5,003 units in the same month last year. The new energy vehicles (NEVs) continue to contribute significantly to the total sales of the company, accounting for 49 per cent of the sales last month, JSW MG Motor India said in a statement. The company said it will be moving to the Vaahan Portal from October 2024.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Former U.S. Commerce Secretary Wilbur Ross reacts to shippers making their counter offer to ILA on The Claman Countdown.

Employees may be worried that the relaxation in TDS compliance given to companies might impact the timely deposit of the tax against their respective PANs. Recently, there have been cases of companies such as SpiceJet and Byju's failing to deposit TDS with the government in time leading to employees facing income tax problems. Earlier, the companies had 60 days from the original due date to deposit the pending TDS (tax deducted at source). But from October 1, 2024, the new income tax laws give companies more time to do this. From October 1 onwards, companies can deposit TDS with the government till the deadline to file the TDS return. However, if the TDS is deposited after the original due date then, penal interest would have to be additionally paid. This means an additional 20 days to make the TDS deposit i.e., 60 days from original due date plus 20 more days.

Subscribe to enjoy similar stories. The stock market debut of The Leela Palaces, Hotels and Resorts is all set to fuel investor appetite for luxury-hotel stocks, experts said, as they expect strong demand for premium experiences to drive the current upcycle in the hotel industry for the next three to four years. Leela Palaces filed for an initial public offering (IPO) of ₹5,000 crore on 20 September.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Subscribe to enjoy similar stories. As global dynamics shift, does foreign direct investment (FDI) need extra supervision? As reported, India’s government is exploring the idea of an FDI regulatory mechanism for post-inflow review and monitoring. The plan is at a discussion level, so it is too early to tell the shape it will eventually take, should it go ahead, or the details of any rules under consideration.