PM E-DRIVE

Ather’s IPO: Attention-grabbing gleanings on EV trade from its DRHP and the way PM E-Drive can provide a booster dose

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With plans to go public, Ather Vitality has sought to lift ₹3,100 crore via a mix of recent capital and a proposal on the market (OFS) from present buyers. As per the corporate’s DRHP, in FY24, it reported revenues of round ₹1,700 crore however confronted vital losses of roughly ₹1,000 crore. These losses had been … Read more

Union Cupboard approves ₹1.02 lakh crore for electrical automobiles, rural connectivity, Ayushman Bharat enlargement

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The Union Cupboard on Wednesday permitted a slew of measures to spice up electrical automobiles (excluding automobiles), rural connectivity, and hydropower technology, apart from extending the Ayushman Bharat scheme to round 6 crore senior residents over the age of 70 years. All these measures will value over ₹1.02 lakh crore. Commenting on the enlargement of … Read more