Read more about the article IREDA Stock Soars 7% After Major Rs 4,500-Crore Fundraising Announcement!
Technology

IREDA Stock Soars 7% After Major Rs 4,500-Crore Fundraising Announcement!

In Short IREDA's stock has seen a notable 7% rise, driven by the announcement of a potential Rs 4,500-crore fundraising initiative. This move, which includes options such as a qualified institutional placement (QIP) or a rights issue, is set to be reviewed in a board meeting scheduled for August 29. The surge reflects strong investor confidence, bolstered by IREDA's impressive 144% stock price increase this year, vastly outperforming the benchmark Nifty 50's 14% rise. IREDA, a green financing non-banking financial company (NBFC)…

By Vishal Kumar
August 22, 2024
Read more about the article Private E-Buses in India: The Unseen Barriers to a Green Future
Technology / Business / Science

Private E-Buses in India: The Unseen Barriers to a Green Future

In Short Electric buses in India face significant hurdles, particularly in the private sector, where adoption remains minimal despite the country's ambitious climate goals. India aims to cut carbon emissions and achieve net-zero by 2070, with road transport being a key focus due to its substantial contribution to emissions. The government has incentivized the electrification of various vehicle categories through schemes like FAME II and PM e-Bus Sewa, but private intercity and interstate buses, which constitute 93% of the bus fleet, are…

By Vishal Kumar
August 21, 2024
Read more about the article Watch: Man Stages Epic Scooter Funeral Outside Showroom, Goes Viral!
Entertainment / Family / Technology

Watch: Man Stages Epic Scooter Funeral Outside Showroom, Goes Viral!

In a dramatic display of frustration, a customer took his OLA electric scooter to the company's showroom in Mumbai, organizing a mock funeral for the vehicle to protest poor after-sales service. The customer, identified as Sagar Singh, transported the scooter on a cart and performed a parody of a sad song from a popular Bollywood movie outside the showroom. This unconventional protest, which has since gone viral on social media, highlights ongoing customer dissatisfaction with electric scooters and the service provided by…

By Vishal Kumar
August 20, 2024
Read more about the article The Great Crypto Debate: WazirX vs Liminal Custody in $230 Million Theft
Business / Science / Technology

The Great Crypto Debate: WazirX vs Liminal Custody in $230 Million Theft

In Short: A massive cyberattack has resulted in the theft of over $230 million from the Indian cryptocurrency exchange WazirX, with forensic analysis by Mandiant Solutions providing some clarity on the incident. Mandiant's report, which focused on three key laptops used by WazirX, found no evidence of compromise in these devices, implying that the attack did not stem from internal vulnerabilities. However, the scrutiny has shifted to Liminal Custody, which managed the wallet from which the funds were stolen. Liminal has disputed…

By Vishal Kumar
August 20, 2024
Read more about the article Ola Electric Hits the Jackpot: Stock Price Hits Upper Circuit Limit
Business / Technology

Ola Electric Hits the Jackpot: Stock Price Hits Upper Circuit Limit

Summary Ola Electric Mobility Ltd's stock saw a significant rise on August 19, hitting its upper circuit limit on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The stock price nearly doubled since its market debut, reaching Rs 146.03 per share on the BSE and Rs 146.38 per share on the NSE. This surge follows a strong performance on its listing day and a positive recommendation from global brokerage HSBC, which had set a target price of Rs…

By Vishal Kumar
August 19, 2024
Read more about the article Cognizant Updates Salary Information: Fresh Engineer Compensation Ranges from Rs 4 to 12 Lakh
Business / Technology

Cognizant Updates Salary Information: Fresh Engineer Compensation Ranges from Rs 4 to 12 Lakh

Summary Cognizant has clarified misinformation regarding its salary packages for entry-level engineers after facing backlash on social media. The company stated that the reported annual salary of Rs 2.52 lakh is for non-engineering undergraduate degree holders, not for engineering graduates. For fresh engineering graduates, Cognizant offers salaries ranging from Rs 4-12 lakh annually. This disparity was due to a misrepresentation of job postings for different educational backgrounds. Cognizant emphasized its commitment to training and upskilling both engineering and non-engineering associates, and highlighted…

By Vishal Kumar
August 19, 2024
Read more about the article Crypto on Wheels: Bengaluru Auto Driver’s Bold Move Goes Viral!
Entertainment / Business / Technology

Crypto on Wheels: Bengaluru Auto Driver’s Bold Move Goes Viral!

Summary In Bengaluru, an auto driver has gained social media attention by announcing his acceptance of cryptocurrency as payment, a move reflected in a notice displayed inside his vehicle. This unconventional payment method has sparked a variety of reactions online, highlighting the evolving nature of cryptocurrency adoption in India. The driver’s action represents a broader trend of integrating digital currencies into everyday transactions, contrasting with the regulatory environment. India has imposed a 30% tax on cryptocurrency income since April 2022, alongside a…

By Vishal Kumar
August 19, 2024
Read more about the article Why This Pink Diamond Is Considered One of the Most Unique Gems Ever Cut
Entertainment / Science / Technology

Why This Pink Diamond Is Considered One of the Most Unique Gems Ever Cut

Summary The Noor-ul-Ain, a remarkable pink diamond from India's Golconda Mines, is one of the largest and most renowned colored diamonds in the world. Originating from the historic Kollur Mine, it is part of the Noor-ul-Ain Tiara, which was commissioned by the last Shah of Iran, Mohammad Reza Pahlavi, in 1958 for his wife, Farah Diba. Crafted by American jeweler Harry Winston, the tiara features the Noor-ul-Ain diamond along with other white, pink, and yellow diamonds. Historically, the Noor-ul-Ain was cut from…

By Vishal Kumar
August 18, 2024
Read more about the article How a Jodhpur Maharaja Built an Aviation Empire in 1930s
Entertainment / Science / Technology

How a Jodhpur Maharaja Built an Aviation Empire in 1930s

Summary Maharaja Umaid Singh of Jodhpur, who reigned from 1918 to 1947, is renowned for his pioneering role in aviation in India. As the first Indian prince to earn a Level ‘A’ Flying Licence, Singh's achievements marked a significant development in the aviation sector of his princely state. Rising to prominence at the age of fifteen, he embraced flying and established a comprehensive aviation infrastructure in Jodhpur. His efforts included the construction of advanced aerodromes and the formation of a flying club,…

By Vishal Kumar
August 18, 2024
Read more about the article Big Billion Days Just Got More Expensive—Flipkart’s New Fee Explained
News / Business / Technology

Big Billion Days Just Got More Expensive—Flipkart’s New Fee Explained

Summary Walmart-owned Flipkart has introduced a uniform platform fee of Rs 3 across its ecommerce platform, emulating quick commerce competitors like Swiggy, Zomato, and Zepto. This fee, which applies to orders up to Rs 10,000, is part of Flipkart's strategy to sustain efficient operations and enhance user experience. However, it is not applied to Flipkart Grocery or its travel vertical, Cleartrip. The fee is already in place on Flipkart's fashion vertical Myntra and its quick commerce arm Flipkart Minutes. This move aligns…

By Vishal Kumar
August 17, 2024

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