Ola Electric Mobility raised Rs 410 crore from EvolutionX Debt Capital, supported by DBS and Temasek. Founder Bhavish Aggarwal is pitching the IPO to global investors, aiming for a $7-8 billion valuation.
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Domestic gold futures rose to 69,487 Indian rupees ($834.07) per 10 grams, up nearly 10% so far in 2024.
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Zomato to appeal Rs 23.26 crore tax demand from Karnataka for FY 2018-19, including GST of Rs 11,27,23,564. Confident in a strong case, Zomato plans legal proceedings within a specified timeframe.
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According to the filing, the penalty has been levied for “alleged irregular input tax credit claimed during the financial year 2018-19” on the company’s subsidiary Telesonic Networks. The company received the order on March 30.
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India’s hospitality sector attracted a record $401 million in investments in 2023, with significant growth in hotel transactions and increasing interest in tier two cities for hotel development, paving the way for a positive outlook in 2024.
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Over 100 people were injured while several hutments and houses were damaged, trees uprooted and electric poles came crashing down as strong winds accompanied by hail struck most parts of the district headquarters town and many areas of neighbouring Mainaguri…
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