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Ola Electric Mobility said that the Rs 780 crore qualified institutional placement (QIP), which was oversubscribed in relation to the shares issued, had been successfully completed. The manufacturer of electric two-wheelers announced that its board had approved the distribution of 21.75 crore equity shares, each having a face value of Rs 10, to qualified institutional buyers who meet the eligibility requirements. The shares would be issued at a price of Rs 35.86 per share, which includes a premium of Rs 25.86. The floor price of Rs 37.74 per share was 4.98 percent less than the issue price. Motilal Oswal Mutual…

Introduction Going from student to confident pro is super important. Today’s biz world is super competitive and always changing. So, while schooling should teach theory, it really needs to do more. It must ready folks for real-world issues, job demands, and future career success too. This is where an online BBA becomes really important. It’s more than just a degree; it’s a full learning experience that builds skills, confidence, and job readiness. With IIM’s online BBA becoming more popular, students can get top-notch education that blends flexibility with real-world industry contacts. Let’s see how an online BBA turns students into…

According to its Integrated Report and Annual Accounts 2025-26, Tata Steel has presented an ambitious growth and transformation roadmap for FY27, supported by a Rs 20,000-crore capital expenditure plan, new cost-saving initiatives worth Rs 7,100 crore, and an accelerated push towards green steel and digital transformation. Despite pressure on steel prices and uncertainty in the world economy, the steelmaker produced a satisfactory financial performance in FY26. Profit after tax more than quadrupled to Rs 10,886 crore from Rs 3,174 crore the year before, while consolidated EBITDA increased 35% year over year to Rs 34,848 crore. Higher deliveries throughout South-East Asia…

According to the most recent Gold Market Commentary published by the World Gold Council (WGC), gold prices slightly decreased in May 2026 as investor risk appetite improved and modest withdrawals from gold exchange-traded funds (ETFs) reduced demand for the safe-haven asset. However, the industry group thinks that later this year, the US Federal Reserve may decide to raise interest rates, which would eventually help bullion. In terms of US dollars, gold dropped 1.4% in May, closing the month at USD 4,546 per ounce. Although prices increased in Turkey and India as a result of policy changes and local currency weakness,…

The Reserve Bank of India (RBI) has announced the opening of payment systems connectivity between India and Cambodia, allowing Indian tourists to use the Unified Payments Interface (UPI) to make merchant payments throughout Cambodia via QR codes. The program represents a significant advancement in India’s endeavors to broaden the reach of its digital payments infrastructure worldwide. Launched in Phnom Penh on June 2, 2026, the first phase of the partnership creates interoperability between Cambodia’s national QR code standard, KHQR, and India’s UPI. Under the direction of the RBI and the National Bank of Cambodia, NPCI International Payments Limited (NIPL) and…

Hero MotoCorp’s shares increased by about 3% on Thursday following the company’s announcement of two new flex-fuel motorcycles that can run on gasoline mixed with up to 85% ethanol. In front of Nitin Gadkari and Hardeep Singh Puri, the motorcycles were unveiled in New Delhi ahead of World Environment Day. Hero MotoCorp launched the Splendor+ Flex Fuel and HF Deluxe Flex Fuel models in an effort to provide more environmentally friendly and sustainable mobility options. The company’s shares increased by up to 3% to Rs 4,850.40 on the NSE after the announcement. The business claims that the Splendor+ Flex Fuel…

For the Avinya line of high-end electric vehicles, Tata Motors has changed its approach. For the Avinya EV vehicles, the domestic automaker will employ Chery-JLR’s (CJLR) Freelander platform. For the Avinya models, this platform will take the role of the previously intended JLR Electrified Modular Architecture (EMA). The Tata Avinya X, which is scheduled to go on sale sometime next year, is anticipated to be the first vehicle to use this technology. Following the cancellation of the automaker’s first deal with Jaguar Land Rover, Reuters claimed that the Freelander platform from Chery for the electric vehicles under Tata’s luxury Avinya…

A significant development in a protracted antitrust lawsuit that may soon result in a penalty ruling is Apple’s agreement to provide the Competition Commission of India (CCI) with the financial accounts of its Indian firm. Apple last month consented to submit its India-specific financial data, which the Competition Commission of India normally needs in order to determine possible fines, according to a private ruling examined by Reuters. The CCI approved Apple’s attorney’s request for a “final extension” until June 25 to provide the information during a hearing on May 21. The move comes after a probe conducted in 2024 revealed…

In the fourth quarter of FY26, India’s non-banking financial firms (NBFCs) demonstrated a generally robust performance, bolstered by robust expansion in the areas of car lending, affordable housing financing, and gold financing. However, a sector study by 360 ONE Capital Research suggests that the sector may face significant issues in the upcoming quarters due to growing funding costs and possible inflationary pressures. The report observed that while high gold prices continued to sustain strong growth in the gold loan segment, affordable housing finance firms continued to report solid growth and mostly maintained their medium-term assets under management (AUM) targets. Gold…

India’s commercial LPG customers are starting to face pressure because of rising global crude oil prices and supply issues related to conflicts in West Asia. While local LPG prices are still largely constant, restaurants, cloud kitchens, and hospitality enterprises are experiencing greater operational costs. Businesses are more susceptible to worldwide energy shocks since commercial cylinders, in contrast to home LPG, are market-linked and updated more regularly. While household cooking gas prices have not changed, commercial LPG prices have increased by Rs 42–53.50 per 19-kg cylinder since June 1 due to rising crude oil costs and supply issues related to the…