Oyo, formally known as Oravel Stays Ltd., is finally trying to tap the capital market and is working toward a January IPO. It plans to raise Rs. 7,000 cr. via a fresh issue of shares and another Rs. 1,430 cr. through an Offer-for-Sale.
Campaign to eradicate Tuberculosis (TB), a ban on broken rice export, the appointment of consultants for consumer cases, and other policy updates in the last week.
The Ethereum blockchain, the largest behind Bitcoin, has seen a major upgrade called ‘The Merge,’ Ethereum is switching to a more energy-efficient method of validating transactions that take place on the platform, known as Proof-of-Stake.
India’s edible oil imports have risen 35% y-oy to 1.3 mn tonnes (MT) in August. While producing more oilseeds can reduce imports, it is not as easy. Read the challenges and government initiatives to tackle them.
With the Make in India, Digital India, and Start-up India programmes, India has witnessed a substantial spike in demand for electronic products in the last few years. The country’s position as the second-largest mobile phone manufacturer in the world, and the surge in internet penetration among the population are creating a huge demand.
India’s current transport demand is 2.2 tn tonne-km and is expected to touch 9.6 tn tonne-km by 2050. Zero Emission Trucks can reduce dependency on oil, air pollution and costs.
Here are the key highlights of the past week on bulk drug parks, jewellery hallmark, call for US investors, MoU with UAE on Education and more.
Read about the government targeting $300 bn electronics production, Rs. 1.43 lakh cr. collected as GST in August, International Driving Permit (IDP) mooted and more in this article.
Reliance founder Dhirubhai Ambani has passed away without having a succession plan in place, leading to a dispute between Mukesh and Anil Ambani. To avoid the repetition of history, a proper succession plan has been put into place this time.
Gautam Adani has become the third richest person in the world and the richest person in Asia, as per the latest Bloomberg Billionaires Data.
