1 / 13 Stocks closed mixed on Friday (December 13) as rising treasury yields offset tech gains, with the Dow down 0.2%, the S&P 500 flat, and the Nasdaq up 0.12%. For the week, the Dow fell 1.8%, the S&P lost 0.6%, and the Nasdaq rose 0.3%. (Photo: Reuters) 2 / 13 Bitcoin hit a […]
Startup Digest: PhonePe discontinues Juspay tie-up, Bhavish Aggarwal to pledge 1% of Ola Electric’s equity and more – CNBC TV18
PhonePe discontinues partnership with Juspay; will not be working with third-party routing platforms Fintech major PhonePe has discontinued its partnership with SoftBank-backed payments platform Juspay and will not be working with any third-party routing platform, offering direct integration to its customers, the firm told CNBC-TV18. “As a payment aggregator, one of our core roles is […]
TVS, Bajaj Auto close in on Ola Electric as market narrows in November – CNBC TV18
India’s electric two-wheeler market witnessed an intense battle for leadership in November, as registrations surpassed the 100,000 mark for the second consecutive month, totalling 110,549 units, according to VAHAN data. Ola Electric led with 27,746 registrations, securing a 25.09% market share. However, its lead over rivals narrowed, with TVS close behind at 23.55% (26,036 registrations) […]
Spacetech startup PierSight’s Varuna satellite to revolutionise maritime monitoring with advanced SAR technology – CNBC TV18
Spacetech startup PierSight has announced its first satellite, Varuna, designed to deliver round-the-clock, all-weather maritime surveillance using advanced Synthetic Aperture Radar (SAR) technology. The satellite will be launched as a secondary payload aboard ISRO’s PSLV Orbital Experiment Module (POEM) platform. Speaking to CNBC-TV18, Gaurav Seth, CEO & Co-Founder of PierSight, said the Varuna satellite is […]
Swiggy’s IPO success driven by right pricing and long-term vision: SoftBank’s Sumer Juneja – CNBC TV18
The SoftBank-backed initial public offering (IPO) of online food delivery provider Swiggy, made a stellar debut on the stock market on Wednesday, November 13. Shares opened at ₹420 on the NSE, reflecting a premium of 7.69% over its IPO price, and surged to an intraday high of ₹449, marking a 15.12% rise. This defied earlier […]
Sensex Today | Stock Market LIVE Updates: Nifty, Sensex set to open lower, Asian Paints to react to Q2 results
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 24,148.20, while Sensex ended at 79,486.32. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 2,129.15 points below its record high of 26,277.35. Bitcoin […]
October Auto Sales | Ola Electric record 74% growth in sales in October, holds 30% market share in EV two-wheelers – CNBC TV18
Ola Electric has reported an uptick in its vehicle registrations, with 41,605 units registered in October 2024 according to Vahan data. This marks a 74% increase compared to the same period last year. The company stated that it sold over 50,000 units during the month, securing a 30% share of the electric two-wheeler market. The […]
Startup Digest: Swiggy IPO to kickoff, Ola Electric scrutiny continues, udaan’s ₹300 cr fundraise, FY24 earnings, and more – CNBC TV18
Swiggy aims to kick off $1.35 billion IPO mid-next week Food-delivery platform Swiggy Ltd. is seeking to sell shares for as much as 390 rupees ($4.64) each in an initial public offering that may raise $1.35 billion, as per a report by Bloomberg. The price of its upcoming IPO at ₹390 at the upper end […]
HSBC reiterates bullish stance on Ola Electric, maintains ‘buy’ rating with Rs 110 target – CNBC TV18
HSBC Global Research has reiterated its optimistic outlook for Ola Electric, maintaining a ‘buy’ rating for the electric two-wheeler maker’s scrip with a target price of ₹110 apiece. HSBC considers the stock as a high-risk, high-reward opportunity, emphasising that the company’s future upside largely hinges on the success of its electric vehicle (EV) bikes and […]
Ola Electric gains 3% after company lists out steps taken to improve its rep – CNBC TV18
The shares of Ola Electric rose more than 3% on Tuesday, October 15, a day after the electric vehicle company listed steps it was taking amid rising consumer complaints. The company has come under scanner after the Central Consumer Protection Authority (CCPA) issued a show cause notice to Ola Electric following a wave of over […]