Budget 2025 | Industry expectations continue to come in for FM to consider; Ola Electric Mobility gets administrative warning from SEBI; Tech & more
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Ola Electric Mobility gets an administrative warning from SEBI for timely disclosures
Shares of Ola Electric Mobility Ltd. will be in focus on Wednesday, January 8, after the company was issued an administrative warning by market regulator Securities and Exchange Board of India (SEBI).
In an email dated January 7, SEBI issued an administrative warning to Ola Electric in connection with the violation of regulations 4 (1) (d), 4 (1) (f), 4 (1) (h) and 30 (6) of the SEBI disclosure regulations, 2015.The warning pertained to the company's announcement of planning a four-fold expansion of its company-owned store network by December 20, 2024. While the same was informed to the exchanges post 1:30 PM on December 2, 2024, the announcement was already made beforehand by Ola Electric's Chairman and Managing Director Bhavish Aggarwal on "X" before 10 AM that day.
Delhi Election 2025 Live: BSP will contest assembly elections on its own, says Mayawati
The Bahujan Samaj Party (BSP) announced on Tuesday, January 7, that it would contest the Delhi Assembly elections independently, without entering into any alliances.In a post on X, Mayawati also expressed hope that the Election Commission would take steps to ensure the Delhi Assembly elections remain free from the "misuse of government machinery, communalism, and other malicious propaganda.""BSP is fighting this election on its own strength with full preparation and strength. It is expected that the party will definitely perform well in this election," she posted.Assembly polls in Delhi will be held on February 5, and the votes will be counted on February 8. The last date to file nominations is January 17, and nominations will be scrutinized by January 18.
Budget 2025 LIVE Updates | Industry expectations continue to come in for FM Nirmala Sitharaman to consider
Union Finance Minister Nirmala Sitharaman will table the Budget for the 2025-26 fiscal year on Saturday, February 1.The stock exchanges will also remain open on February 1 on account of the Union Budget.The FM recently completed pre-Budget consultations with stakeholders of various industries to understand their grievances, recommendations and expectations from the upcoming? Budget. Here we highlight these expectations, and more which continue to pour in as well as important details regarding the Indian economy and upcoming Budget.
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X Money to revolutionise payments and creator opportunities in 2025, says CEO Linda Yaccarino
At the Consumer Electronics Show (CES) 2025, Linda Yaccarino, CEO of X Corp (formerly Twitter), announced the upcoming launch of 'X Money,' a payment system set to revolutionise both payments and creator opportunities on the platform.
Earlier this month, Yaccarino revealed that X Corp has been acquiring money transmitter licenses across various states to facilitate transactions. She emphasised that 'X Money' will transform user interactions and content creation on the platform.Yaccarino stated in a New Year's Eve post, "In 2024, X changed the world. Now, YOU are the media! 2025 X will connect you in ways never thought possible. X TV, X Money, Grok, and more. Buckle up."
CES 2025 Live Updates: Innovations soar with 4K in-flight screens, rollable laptops, and game-changing GPUs
Welcome to the second day of CES 2025, the world’s biggest tech extravaganza, where innovation takes centre stage. After an action-packed first day, the tech world is abuzz with groundbreaking announcements and futuristic reveals. Today promises even more surprises as industry leaders showcase cutting-edge technologies that will define the future.The first day set a high bar with unveilings from some of the biggest names in tech. Samsung wowed attendees with OLED displays boasting a staggering 500Hz refresh rate, alongside a new budget phone and fitness tracker.
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How do education loans work, and what are their benefits?
Education loans, also known as student loans, is the monetary assistance provided by banks and financial institutions to help students fund their studies. These loans cover expenses such as tuition fees, travel costs, books, hostel charges, and other academic necessities. They are available for domestic and international education, catering to undergraduate, postgraduate, diploma, and certification programmes.
How do education loans work?
Students need to apply for the loan by providing documents such as proof of admission, academic records, income details, and identification proof. Some schemes allow pre-visa loan approval.The loan amount is disbursed to the student's school, which applies to tuition, fees, and other expenses.After graduation, the student begins repaying the loan, usually with interest. Students can repay through EMIs over a fixed period. Repayment terms vary, but most loans have a standard repayment period of 10 years.
RBI's new 15-day credit reporting rules: What this means for borrowers
The Reserve Bank of India (RBI) has introduced a change to credit reporting rules. Lenders must now update credit bureau records every 15 days instead of the previous monthly cycle. This change aims to improve credit score accuracy and ensure timely reflection of borrowers' financial activities.
What this means for borrowers
Timely credit score updates Borrowers will see faster updates to their credit scores.For example, if you pay off a loan or make timely repayments, these positive actions will reflect within 15 days.This improvement helps borrowers access new loans or better interest rates more quickly.
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Zypp Electric looks to double Series C fundraise to $50 million: Sources
Delhi NCR-based electric two-wheeler rental startup Zypp is learnt to be in talks to more than double its Series C round to $50 million. Sources tell CNBC-TV18 that Zypp Electric has already secured $10 million from Nuvama Wealth & Investment and $10 million from a US-based VC. It has since approached other domestic investors and international private equity firms to add to its kitty.
This move, we learn, comes on the back of the company seeing strong demand for its EV-as-a-service business model, especially in the wake of a boom in India’s quick commerce, e-commerce and food delivery landscape. Sources add that these funds will be used to enter new cities in keeping with current and emerging trends in the e-commerce and quick commerce markets.
QuiD Cash to utilise $4.5 million pre-Series A funding for technological and geographical expansion
QuiD Cash, a fintech startup focusing on supply chain financing, has successfully raised $4.5 million in its pre-Series A funding round. The investment comes from several angel investors, including Piyush Jain and its existing backer, Mintcap.This follows the company's earlier funding round in 2024, when it raised ?5 crore in its pre-seed stage, led by Mintcap Enterprises and Stone Park Capital. The funding is set to fuel QuiD Cash’s ambitious plans for growth, particularly in enhancing its technology stack and expanding its services. According to Subhash Gupta, Co-Founder of QuiD Cash, a significant portion of the $4.5 million will be allocated towards making their platform more scalable and flexible.
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