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India’s CPI inflation edges up to 5.08 pc in June

IANS

India’s consumer price inflation edged up to 5.08 per cent in June this year compared to the same month of the previous year as high prices of vegetables and pulses pushed up food inflation during the month, figures released by the Ministry of Statistics on Friday showed.

Vegetable prices shot up by as much as 29.32 per cent during the month as the scorching heat wave in the northern states hit production, while the prices of pulses rose by 16.07 per cent during the month.

The prices of cereals also increased by 8.65 per cent during the month.

Inflation had eased to a 12-month low of 4.75 per cent in May after having come down to 4.83 per cent in April, which was an 11-month low. The June figures mark a break from the declining trend that had set in during recent months.

However, the declining trend in cooking oil prices continued in June with a 2.68 per cent fall during the month. The price rise in spices slowed to 2.06 per cent from 4.27 per cent in May.

Food inflation, which accounts for nearly half of the overall consumer price basket, rose 8.36 per cent compared to 7.87 per cent in May.

The RBI has fixed a mid-term target of 4 per cent for retail inflation before it goes in for a cut in interest rates to rev up growth.

RBI Governor Shaktikanta Das said on Thursday that it is too early to talk on the interest rate cut due to uncertain economic environment and inflation remaining close to 5 per cent.

“The overall economic environment globally and in India is so uncertain to talk in terms of an interest rate cut. The CPI headline inflation continues to be close to 5 per cent and according to surveys done it is expected to close 5 per cent and I think it is too early to talk about the interest rate cut,” the Governor said.

The RBI is keen to keep inflation under control to ensure growth with stability and held the repo rate steady at 6.5 per cent for the eighth consecutive time in a row in its bi-monthly monetary policy earlier this month.

While the RBI has raised its projected GDP growth estimate to 7.2 per cent for 2024-25 from 7 per cent earlier, it has kept its projection for retail inflation at 4.5 per cent.

With inputs from IANS

July 13, 2024
India’s Industrial Sector Shows Promising Growth

India’s industrial sector has shown a promising growth trajectory, with the Index of Industrial Production (IIP) rising by 5.9% in May 2024, compared to the same month in the previous year. This data, released by the Ministry of Statistics, indicates a significant acceleration from the 5% growth recorded in April 2024. The growth in the IIP is a comprehensive indicator of the performance of various sectors within the economy, including mining, manufacturing, and electricity.

In May 2024, these sectors demonstrated robust growth rates of 6.6%, 4.6%, and 13.7% respectively, compared to the same month in the previous year. Within the manufacturing sector, the top three contributors to the IIP growth were Manufacture of basic metals (7.8%), “Manufacture of pharmaceuticals, medicinal chemical and botanical products” (7.5%), and Manufacture of electrical equipment (14.7%). These figures underscore the vitality of these industries in driving India’s industrial growth.

The data also revealed an encouraging trend in consumer durables such as refrigerators, washing machines, and TVs, with output surging by 12.3%. This surge is a positive sign of demand for these goods picking up in a growing economy. However, the production of capital goods, which reflect the real investment taking place in the economy, grew at a slower pace of 2.5%.

The output of non-durable consumer goods such as soaps and cosmetics grew by 2.3%. Goods related to infrastructure and construction saw a marginal growth of 6.9% in May 2024. The factory output growth, measured in terms of the IIP, had grown by 5.7% in May 2023.

The IIP growth is a significant economic indicator as it provides a snapshot of the level of economic activity in the industrial sector of the economy. A rising IIP indicates an increase in production which leads to job creation and income generation, thereby leading to an increase in consumer spending, which further stimulates economic growth.

The growth in IIP also has implications for India’s inflation rate. According to data released by the National Statistical Office (NSO), India’s consumer inflation in June 2024 stood at 5.08% against 4.8% in May. However, the June inflation is the highest in four months, two government data showed on Friday.

[Representational Image]Reuters file

The rise in inflation can be attributed to the increase in demand for goods and services as the economy grows. However, it is important to note that a moderate level of inflation is considered healthy for the economy as it indicates that the economy is growing at a healthy pace.

The growth in India’s IIP in May 2024 is a positive sign for the economy. It indicates a robust industrial sector, driven by strong performances in mining, manufacturing, and electricity. This growth, coupled with a moderate rise in inflation, suggests a healthy economic environment. However, it is crucial to continue monitoring these indicators to ensure sustainable economic growth. The data underscores the importance of these sectors in driving India’s economic growth and highlights the need for continued investment and policy support to sustain this momentum.

July 12, 2024
India’s Union Budget 2024-25: Expectations Run High as Modi Government Prepares to Present its Vision

IANS

As the Union Budget 2024-25 approaches, Prime Minister Narendra Modi has been actively engaging in discussions with senior NITI Aayog officials and leading economists. These meetings are part of a broader consultation process aimed at preparing for the budget, which is set to be presented by the Modi 3.0 government on July 23. This budget will be a significant milestone in the government’s tenure, marking its first full budget presentation.

The meeting was attended by several key figures, including Finance Minister Nirmala Sitharaman, Planning Minister Rao Inderjit Singh, Chief Economic Advisor V Anantha Nageswaran, Economist Surjit Bhalla, Agricultural Economist Ashok Gulati, and veteran banker K V Kamath. Their collective expertise and experience will be instrumental in shaping the budget and guiding India’s economic trajectory.

The Union Budget 2024-25 is expected to be a major economic document, outlining the government’s roadmap for making India a developed nation by 2047. This ambitious goal reflects the government’s commitment to driving economic growth and improving the standard of living for all Indians.

In preparation for the budget, Finance Minister Sitharaman has held widespread discussions with various stakeholders, including captains of Indian industry, state finance ministers, and economists. These discussions are aimed at gathering diverse views and insights to inform the budget-making process.

The Finance Minister is expected to present a full budget for 2024-25 that ensures the economy continues on a high growth trajectory and creates more jobs. This is particularly important given the challenges posed by unemployment and inflation. The budget is also expected to address these issues, with measures aimed at boosting economic growth and managing inflation.

One of the key expectations from the budget is an increase in the income tax exemption limit. This move is expected to provide some relief to the middle class by placing more disposable income in their hands. This, in turn, could lead to an increase in demand, thereby fuelling economic growth.

IANS

The government’s fiscal position appears to be strong, with a low fiscal deficit, a hefty Rs 2.11 lakh crore dividend from the RBI, and buoyancy in taxes. This gives the Finance Minister considerable headroom to push ahead with policies aimed at accelerating growth and implementing social welfare schemes aimed at uplifting the poor.

Prime Minister Modi has declared that the next five years will be a decisive fight against poverty. This statement underscores the government’s commitment to addressing poverty and improving the lives of the less privileged sections of society.

The Indian economy has performed well in the year leading up to the budget, clocking a robust growth of 8.2% in 2023-24. This is the fastest growth rate among the world’s major economies. Inflation has also been brought down to below 5%, indicating the government’s success in managing price levels.

IANS

The fiscal deficit has been reduced from more than 9% of GDP in 2020-21 to the targeted level of 5.1% for 2024-25. This has strengthened the macroeconomic fundamentals of the economy. Reflecting this improvement, S&P Global Rating raised India’s sovereign rating outlook to ‘positive’ from ‘stable’, citing the country’s improving finances and strong economic growth.

In conclusion, the Union Budget 2024-25 is expected to be a significant document outlining the government’s economic roadmap for the next few years. The government’s consultations with various stakeholders, its focus on growth and job creation, and its commitment to social welfare indicate a comprehensive and inclusive approach to budget-making. As the country awaits the budget presentation on July 23, the expectations are high, and the stakes are even higher. The government’s actions in the coming months will be crucial in determining the trajectory of India’s economic future.

July 12, 2024
India’s oil & gas exploration sector offers $100 billion investment opportunity: Union Minister Puri

IANS

The exploration and production (E&P) segment of India’s oil and gas sector will throw up an investment opportunity of at least $100 billion by 2030, Union Petroleum Minister Hardeep Singh Puri said on Thursday.

Addressing the ‘Urja Varta 2024’ at Bharat Mandapam here, he said, “Despite our progress much of our exploration and production potential still lies untapped within India’s 26 sedimentary basins. Despite the abundant geological resources available to us.”

“Our efforts in the past have been far short of what needs to be done in the E&P sector,” he added.

The minister also highlighted that, as of now, 10 per cent of the country’s sedimentary blocks are under exploration. Following the completion of the 10th Open Acreage Licensing Programme (OALP) round, 16 per cent would come under exploration, he added.

IANS

The Union Minister said that the government was able to control oil prices due to neutral policies.

The minister also referred to the increased purchases of oil from Russia that have helped India to keep fuel prices under control.

“There was a global turmoil. We could have followed what the West was advising us to do and not sourced oil from a particular country and then oil prices would have shot up,” the minister said.

With inputs from IANS

July 11, 2024
South India’s Data Centre Market to Witness 65% Growth by 2030, Poised to Become Global Hub

Wikipedia Commons

The data centre market in South India, powered by the cities of Chennai, Bengaluru, and Hyderabad, is projected to experience a significant growth of 65% by 2030, according to a recent report by Colliers India. This growth is anticipated to be propelled by substantial government incentives, strategic infrastructure investments, and a rising demand for digital services.

The combined installed data centre capacity in these three cities currently stands at nearly 200 MW. However, this foundation is set to be significantly bolstered with 190 MW currently under construction and an additional 170 MW planned. These developments are expected to increase the total capacity by 80% over the next few years, underscoring the region’s strategic importance in supporting global digital infrastructure.

Swapnil Anil, Executive Director & Head of Advisory Services at Colliers India, emphasized the potential of South India in becoming a global data centre hub. He stated, With sustained government support and continuous infrastructure development, South India is set to become a global data centre hub.

Chennai, one of the key cities driving this growth, currently has an installed capacity of 87 MW, with 156 MW under construction and 104 MW planned. Bengaluru, leveraging its strong IT ecosystem, has an installed capacity of 79 MW, with 10 MW under construction and 26 MW in the planning stages. Hyderabad, rapidly emerging as a data centre hotspot, has an installed capacity of 47 MW, with 20 MW under construction and 38 MW planned.

The report also highlighted the competitive pricing of data centres in South India. The monthly recurring charges range between Rs 6,650 – Rs 8,500 per kW per month, offering significant value for money. This competitive pricing, coupled with the region’s strategic importance and the government’s supportive stance, makes South India an attractive destination for data centre investments.

The growth of the data centre market in South India is not an isolated phenomenon. It is part of a broader trend of digital transformation sweeping across the country. The ease of doing business, simplified regulatory frameworks, and expedited approval processes are reducing bureaucratic hurdles and encouraging swift project initiation and completion.

Google Workspace bug allows untraceable data theft from Drive files.IANS

Moreover, the integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) in various sectors is revolutionizing industries and driving the demand for data centres. For instance, the use of computer vision systems in grain inspection, which uses advanced imaging techniques and ML algorithms, is becoming increasingly popular. These systems require robust data centres for efficient operation.

The retail sector is also witnessing a shift towards digital platforms. Brands are aggressively pursuing their own strategies to woo customers. Direct-to-Consumer (D2C) brands like IGP, Zouk, Solethreads, and The Tribe Concepts are ramping up their offerings, building their inventory as well as increasing tech capabilities and marketing functions. This shift towards digital platforms is expected to further drive the demand for data centres.

The data centre market in South India is poised for significant growth in the coming years. The combination of government support, strategic infrastructure investments, rising demand for digital services, and competitive pricing makes the region an attractive destination for data centre investments. As digital transformation continues to sweep across various sectors, the demand for robust and efficient data centres is expected to rise, further bolstering the growth of the data centre market in South India. This growth trajectory underscores the region’s strategic importance in supporting global digital infrastructure, positioning South India as a potential global data centre hub.

July 11, 2024
Taj is India’s Strongest Brand for the Fourth Time

As Per Brand Finance’s ‘India 100 2024’ report

Chandigarh, JUNE 27, 2024: Indian Hotels Company (IHCL), India’s largest hospitality firm, introduced that its iconic model Taj is as soon as once more India’s Strongest Brand throughout sectors on Brand Finance’s coveted ‘India 100 2024’ report. This marks the fourth time the model has achieved this distinction.

Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL, mentioned, “We are deeply humbled as Taj has been acknowledged as India’s Strongest Brand throughout sectors for the fourth time and as the World’s Strongest Hotel Brand for the third time. This distinctive achievement underscores our century-old legacy of excellence, innovation, and pioneering spirit. It is a real reflection of the enduring belief of our friends and the unwavering dedication of our colleagues. We stay dedicated to setting world benchmarks and showcasing Indian hospitality to the world.”Top of FormBackside of FormTop of Form

As per Brand Finance’s ‘India 100 2024’ report, Taj retains its status as the strongest Indian model for the third consecutive yr. Taj additionally holds the distinction of being the World’s Strongest Hotel Brand ranked based mostly on Brand Finance’s Global Hotels 2024 report. Celebrating its one hundred and twentieth yr, the Taj boasts a singular portfolio encompassing grand palaces, iconic metropolis resorts, safaris, spa resorts, and repair residences, with over 110 resorts throughout 13 international locations. For over a century, the Taj has cultivated an unmatched status for its signature hospitality, fondly known as ‘Tajness’, fascinating patrons worldwide.

Neel Achary

June 27, 2024
How are some of India’s leading legacy boarding schools, r

By Ajay Singh – School Principal – The Scindia School

twenty seventh June 2024: Education has quickly advanced over time to maintain tempo with the altering panorama for profession alternatives and technological developments. With AI and Chat GPT taking on, there’s a want to lift artistic thinkers who can pivot on brief discover and adapt to vary whereas staying true to their core. Legacy boarding faculties in India similar to The Scindia School, Gwalior, Mayo College, Ajmer and Doon School, Dehradun provide one of the best in world pedagogy to lift youngsters who are fashionable of their strategy and but grounded and rooted of their values.

Offering one of the best in conventional and fashionable training – These legacy faculties similar to Mayo College and The Scindia School provide over a century of training expertise and a really outstanding historical past that lays the inspiration for the college’s ethos and worth system. While being rooted in custom, they’ve additionally quickly advanced to introduce probably the most superior instructing methodologies, leading edge know-how and the most recent facilities to create a curriculum that provides one of the best in world and conventional training.

Value based mostly training – These beacons of training are steeped in an excellent legacy constructed on value-based training. Education is never restricted to the school rooms and college students. It is about equipping youngsters with life expertise and an ethical compass that can maintain them regular irrespective of how quickly the world round them modifications. It is not sufficient to easily be taught ideas however the capability to adapt them to altering situations is the important thing to success. There is a sure tenacity and fearlessness that defines the scholars learning at these leading boarding faculties. They view change as a chance and never a hurdle. They view know-how merely as an aide and therefore aren’t afraid to be out-run in a world that’s quickly altering. They can adapt to vary whereas being guided by the ethical compass of the worth system that’s deeply imbedded of their hearts and minds. Independent choice making is an element of their every day routine as they navigate from their dorm rooms to lecture rooms with out the over-protective gaze of their dad and mom. They be taught to assume on their toes whereas staying true to their interior core. These are important traits to emerge as efficient leaders and alter makers of tomorrow.

Raising resilient youngsters who can courageous the storms the long run would possibly maintain – Each day is a brand new studying expertise for these college students. They be taught to navigate by dorms and lecture rooms on their very own and embrace each victory and loss with the identical grace and power with out the necessity of a relentless assurance from their dad and mom. From negotiating with one’s roommates for that further pack of biscuits, to studying battle decision on the soccer area or just dealing with failure, these youngsters be taught to navigate by some of probably the most character defining moments with a sure poise and style that defines the sturdy worth system imparted at these legacy boarding faculty.

Making mindfulness a method of life – As stress turns into an unavoidable half of the brand new age hustle tradition, the power to take a pause, will assist these youngsters keep their calm and composure by powerful occasions. While mindfulness has all of a sudden change into the buzzword throughout world training corridors these legacy faculties have been following it as a method of life since their inception. A couple of quiet moments of reflection practiced daily at sundown, amidst the abundance of nature, whereas surrounded by one’s classmates performs an integral function in reworking younger boys into calm, compassionate and sort younger males.

Sustainability practices to lift youngsters who are conscious of their accountability in direction of creating a greater and greener tomorrow – The atmosphere the place we examine performs an necessary function in our total wellness and is understood to stimulate higher data retention, choice making, and inculcate compassion and love for nature. Sustainability turns into a method of life once we dwell amidst nature and be taught to respect it in its true spirit. At The Scindia School we’ve undertaken a Fort Biosphere mission which incorporates bringing again the indigenous vegetation for higher ecological steadiness and constructing channels throughout our lakes for rain water harvesting. We aspire to be a water optimistic faculty that may present water to town of Gwalior if ever required. As a zero-waste faculty our college students rejoice in each drop within the every day meals wastage monitor, and proudly showcase the paintings created from waste paper and metallic scraps! Besides the Fort Biosphere serves as a ‘dwelling lab’ providing botany classes that can stay etched in each baby’s thoughts and coronary heart lengthy after they graduate.

These legacy boarding faculties in India with years of wonderful success tales, play an necessary function in shaping a baby’s total character, past the classroom. Thus, making them the popular selection for folks who search academic establishments that might assist nurture their youngsters into world residents of tomorrow.

June 27, 2024
India’s Data Revolution: Report predicts five-fold surge in capacity

India’s digital revolution is driving a five-fold increase in data centre capacity expansion, with an expected addition of 464 MW of new colocation data centre capacity annually until 2028. The demand for data centres is transforming India’s digital infrastructure, with growth seen across the country, not just in urban areas. The rise in the adoption of internet services, smartphones, social media, and OTT channels is fueling the demand for data centres.

The Indian government’s active promotion of digitalisation is expected to sustain the demand for data centres in the long term, presenting both opportunities and challenges for India’s digital transformation story.

India is on the brink of a digital revolution, with a steep rise in data usage and digital adoption driving this transformation. A report by Cushman and Wakefield predicts a five-fold increase in data centre capacity expansion in the coming years. This surge is not just about consumption; it’s also about creation and storage. India is expected to add 464 MW of new colocation data centre capacity each year until 2028, a formidable number that surpasses the capacity addition in 2022, which stood at 126 MW.

The demand for data centres is high, transforming India’s digital infrastructure. Both colocation data centres and cloud firm-owned data centres are being built at growing speeds over the last few years. While adding an average of 464 MW of Colo capacity each year until 2028 may seem like good delivery speed, India shall keep building more to capitalise on its digital transformation story.

The country’s digital growth is not just confined to urban areas. India’s colocation data centre capacity stood at 977 MW across the top seven cities in the second half of 2023. About 258 MW of Colo capacity came in 2023 alone. This indicates that the growth is pan-India, with a focus on areas that support robust infrastructure and have a concentration of tech and business activities.

The digital revolution in India is not just about infrastructure. It’s also about usage. The country is experiencing an exponential rise in the adoption of internet services, smartphones, social media, and OTT channels. This digital adoption is driving the demand for data centres. Over the next five years, India is likely to see the fastest growth in penetration of smartphones, internet, OTT subscriptions, and social media usage. This growth is expected to further fuel the demand for data centres.

The digital revolution in India is reminiscent of the dot-com boom in the United States in the late 1990s and early 2000s. However, the digital revolution in India appears to be more sustainable. The growth in demand for data centres is driven by a genuine increase in digital adoption, rather than speculative investment. Moreover, the Indian government is actively promoting digitalisation, which is likely to sustain the demand for data centres in the long term.

The digital revolution in India is driving a significant increase in the demand for data centres. This demand is expected to result in a five-fold increase in data centre capacity expansion in the coming years. The growth is driven by a steep rise in data usage and digital adoption, with India likely to see the fastest growth in penetration of smartphones, internet, OTT subscriptions, and social media usage over the next five years. This digital revolution presents both opportunities and challenges for India, as it seeks to capitalise on its digital transformation story while ensuring that the benefits of digitalisation are equitably distributed.

June 27, 2024
RBI Governor confident of India’s progress, says on path to steady 8% GDP growth

RBI Governor Shaktikanta Das sees India transferring forward in direction of an 8 per cent GDP growth trajectory on a sustained foundation, pushed by structural financial reforms akin to GST.

“If you have a look at the typical growth India recorded over the three years, the typical comes to 8.3 per cent and the present 12 months now we have given a projection of 7.2 per cent growth,” Das mentioned on the 188th AGM (Annual General Meeting) of Bombay Chamber of Commerce & Industry.

India’s growth momentum stays sturdy and will enhance additional within the coming months. The nation was on a path to reaching 8 per cent growth on a sustained foundation, he added.

The RBI Governor additionally mentioned there was clear proof of non-public sector capital expenditure having picked up momentum, which ought to assist growth additional.

He additionally highlighted India’s contribution to world growth amid the worldwide financial slowdown.

“The Indian economic system within the final monetary 12 months 2023-24 contributed to 18.5 per cent of the worldwide growth, i.e., 18.5 per cent of the worldwide growth was pushed by India. It is an achievement because it was a lot decrease 7 or 8 years in the past and I believe the IMF initiatives this growth to go up,” he mentioned.

He mentioned that the key drivers of this growth are the implementation of GST, the Insolvency and Bankruptcy Code, and Flexible Inflation Targeting.

“GST has the benefit of avoiding the multiplicity of taxes. It is one of India’s greatest structural reforms since 1947,” he remarked.

GST collections have touched 1.7 lakh crore in a month and it’s in a variety of 1.5 to 1.7 lakh crore each month, he added.

He additionally highlighted the truth that India is poised to turn out to be the third-largest economic system on the earth from its present place because the fifth-largest.

With inputs from IANS

June 26, 2024
Ola Electric’s Historic IPO: A Game-Changer for India’s EV Industry

IANS

In a big improvement for India’s electrical car (EV) business, Ola Electric, beneath the management of Bhavish Aggarwal, has secured approval from the Securities and Exchange Board of India (SEBI) for its preliminary public providing (IPO). This occasion, which transpired on June 20, 2024, is a milestone because it represents the primary IPO by an EV startup in India.

The public situation from Ola Electric features a contemporary situation of Rs 5,500 crore and an offer-for-sale (OFS) of 9.51 crore fairness shares, as outlined within the draft crimson herring prospectus. The OFS will witness Aggarwal parting with 4.7 crore fairness shares, whereas the promoter group, Indus Trust, will promote 41.78 lakh shares.

This transfer follows the EV startup’s submitting of draft IPO papers with SEBI in December 2023, with the intention to boost as a lot as Rs 5,500 crore. This sum included a pre-IPO placement of Rs 1,100 crore.

Strategic Allocation of IPO Proceeds

The funds garnered via this IPO might be directed in the direction of numerous strategic initiatives geared toward fortifying the corporate’s place within the EV market. As per the draft papers, a considerable portion of the proceeds, amounting to Rs 1,226.4 crore, might be allotted for the capital expenditure of its subsidiary. An extra Rs 800 crore might be put aside for debt reimbursement.

Ola Electric plans to speculate Rs 1,600 crore in analysis and product improvement, a transfer that may probably propel the corporate’s innovation efforts, enabling it to ship state-of-the-art EV options that cater to the evolving wants of customers.

Furthermore, the corporate will earmark Rs 350 crore for natural development initiatives. This allocation underscores Ola Electric’s dedication to sustainable development, which is more likely to be achieved via a mix of strategic partnerships, market enlargement, and product diversification.

Ola ElectricIANS

Impressive Market Performance and Product Portfolio

Ola Electric’s strategic initiatives appear to be yielding outcomes, as evidenced by its spectacular market efficiency. In May 2024, the corporate captured a whopping 49 per cent market share within the electrical two-wheeler (2W) section, with 37,191 registrations. This success might be attributed to its S1 scooter portfolio, which has been well-received by customers.

The S1 X portfolio, specifically, has been a game-changer for Ola Electric. Available in three battery configurations (2 kWh, 3 kWh and 4 kWh), the S1 X is priced at Rs 74,999, Rs 84,999 and Rs 99,999, respectively. The firm additionally presents an eight-year/80,000 km prolonged battery guarantee for the whole vary of merchandise at no further value, additional enhancing the worth proposition for customers.

In addition to the S1 X, Ola Electric has additionally revised the costs of its premium choices S1 Pro, S1 Air, and S1 X+ to Rs 1,29,999, Rs 1,04,999 Rs 89,999, respectively. These strategic pricing selections, coupled with the corporate’s dedication to high quality and innovation, have performed a vital function in its market dominance.

In conclusion, Ola Electric’s IPO marks a big milestone in India’s EV business. The funds raised via the IPO might be instrumental in driving the corporate’s development and enlargement methods. With its sturdy market efficiency and modern product portfolio, Ola Electric is well-positioned to steer the EV revolution in India. This historic occasion is harking back to when Tesla went public in 2010, marking a big occasion within the EV business. Ola Electric’s IPO is ready to revolutionize the EV business in India, paving the way in which for different startups within the sector.

June 20, 2024