As part of its ambitious charging infrastructure goal, Ola Electric will install more than 4,000 charging points for its electric scooters across cities in next year.

In a tweet, Bhavish Aggarwal, Founder and CEO, Ola, said that Hypercharger roll out has begun across cities.


At key BPCL pumps as well as residential complexes. 4000+ points up through next year. We're installing across India and will make them operational in 6-8 weeks. Will be free for use till end June 22 for all customers, he said in a tweet late Tuesday.

Hyundai Engineering announced on the 28th that it has completed construction of GTL (Gas-to-Liquid) plant worth $2.62 billion (about 3.1 trillion won) in Uzbekistan.

Hyundai Engineering held a completion ceremony on the 25th (local time). At the ceremony, officials from the Uzbekistan government, including President Shavkat Mirziyoyev, Prime Minister Abdulla Aripov, Energy Minister Alisher Sultanov, and Korean officials, including Hyundai Engineering CEO Kim Chang-hak, attended.

IndusInd Bank has signed an agreement with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances through Unified Payments Interface (UPI).

IndusInd Bank has become the first Indian bank to go live on UPI for cross-border payments/NRI remittances. Under this arrangement, Money Transfer Operator (MTO) partners of IndusInd Bank would use the bank's channel to connect with NPCI's UPI payment systems for validation and cross-border payment settlement into beneficiary accounts.

The Sebi on Tuesday clarified that Sahara is yet to fully deposit the money ordered by the Supreme Court in August 2012 and that the group has so far given only around Rs 15,000 crore while the total amount due to be deposited is Rs 25,781 crore.

Quoting Sebi's FY21 annual report, a media report said the regulator had paid back only Rs 129 crore to bondholders and that it was maintaining an escrow account with over Rs 23,000 crore.

Sun Pharma on Tuesday said its subsidiary has received emergency use authorisation (EUA) from the Drugs Controller General of India (DCGI) to manufacture and market a generic version of MSD and Ridgeback's antiviral drug molnupiravir under the brand name Molxvir in India.

Earlier this year, the Mumbai-based drug major had signed a non-exclusive voluntary licensing agreement with MSD to manufacture and supply a generic version of molnupiravir in over 100 low and middle-income countries (LMICs) including India.

The Enforcement Directorate (ED) on Tuesday said it has seized shares worth Rs 293.91 crore of former Tamil Nadu Mercantile Bank Limited Chairman Nesamanimaran Muthu in connection with a probe against him linked to alleged contravention of the FEMA law.

The seized assets are in the form of shareholdings of Muthu alias MGM Maran in four Indian companies: Southern Agrifurane Industries Private Limited, Anand Transport Private Limited, MGM Entertainment Private Limited and MGM Diamond Beach Resorts Private Limited.

Cigarettes-to-hotel conglomerate ITC Ltd has commissioned its first offsite solar plant at Dindigul in Tamil Nadu. Built for Rs 76 crore, the plant will help reduce carbon dioxide emissions by the group’s businesses.

The 14.9 megawatt (MW) plant spread over 59 acres will generate over twenty-two million units of renewable energy annually for ITC’s hotels, food manufacturing plants, paper manufacturing, and printing and packaging factories in Tamil Nadu.

Prime Minister Narendra Modi on Tuesday said that India has emerged as the second biggest startup hub in the world, and this has been achieved majorly with the help of students from the Indian Institutes of Technology (IITs).

Addressing the 54th convocation ceremony of IIT Kanpur, the Prime Minister said, "In this 75th year of independence, we have over 75 unicorns, over 50,000 start-ups. Of these, 10,000 have come only in the last 6 months.

Drug firm Ajanta Pharma on Tuesday said its board has approved a share buyback plan of up to Rs 286-crore, wherein the drug maker will buy back shares at a maximum price of Rs 2,550 apiece.

The company's board has approved buyback of up to 11,20,000 fully paid-up shares of face value of Rs 2 each at a price of Rs 2,550 per share payable in cash, Ajanta Pharma said in a regulatory filing.

Tata Consultancy Services (TCS) and Bharti Airtel Limited (Airtel) on Tuesday announced the successful testing of TCS’ neural manufacturing solutions suite on Airtel’s ultra-fast 5G network.

Following the allocation of 5G trial spectrum by the Department of Telecommunications, TCS and Airtel partnered to test use cases from TCS’ neural manufacturing suite of solutions.

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