Economic Survey: PM talks on innovation, inclusion & investment ahead of Budget; Ola Electric Mobility shares surge 12%; OpenAI to raise up to $40B
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Economic Survey 2025 Live Updates: PM talks on innovation, inclusion & investment ahead of Budget session
PM Modi expressed his prayers for Maa Lakshmi's blessings upon the poor and middle class of India. He highlighted the significance of India completing 75 years as a democratic nation and establishing itself on the global stage.Referring to the Budget as the first full one of his third term, he confidently stated that by 2047, when India celebrates its 100th year of Independence, the country will achieve its vision of becoming a 'Viksit Bharat.' He assured that this Budget would provide new energy and hope for the nation.
Finance Minister Nirmala Sitharaman will table Economic Survey 2024-25 on Friday (January 31), providing an official assessment of the performance of the economy in the ongoing financial year, and list out the challenges being faced by the nation.The Economic Survey, tabled in Parliament ahead of the Union Budget, also provides the roadmap for reforms and growth.
Ola Electric Mobility shares surge 12%, back near IPO price on market share gains
Shares of Ola Electric Mobility Ltd. gained as much as 12% on Friday, January 31, after data showed that the company has gained market share in the month of January.
With Friday's jump, the stock is back near its IPO price of ?76. As of Thursday's closing, shares of Ola Electric Mobility were down 57% from its post-listing peak of ?157.According to VAHAN data, Ola Electric's market share at the end of January stood at 30%, which is an increase from the 19% level last month.Ola Electric had offered discounts on the S1 model for a few days in October, as well as November.The company will report its sales figures for December over the next few days.
Ola Electric Mobility shares surge 12%, back near IPO price on market share gains
Shares of Ola Electric Mobility Ltd. gained as much as 12% on Friday, January 31, after data showed that the company has gained market share in the month of January.
With Friday's jump, the stock is back near its IPO price of ?76. As of Thursday's closing, shares of Ola Electric Mobility were down 57% from its post-listing peak of ?157.According to VAHAN data, Ola Electric's market share at the end of January stood at 30%, which is an increase from the 19% level last month.Ola Electric had offered discounts on the S1 model for a few days in October, as well as November.The company will report its sales figures for December over the next few days.
Four stocks start trading with futures and options contracts today
The National Stock Exchange (NSE) has announced that shares of NBCC, Phoenix, Solar Industries India, and Torrent Power will be included in the Futures & Options (F&O) segment starting January 31.
Initially, the NSE had planned to include six stocks in the F&O segment from January 31, including Castrol India and Gland Pharma. However, it said that shares of Castrol India and Gland Pharma will not be included.Earlier this month, the NSE had announced the inclusion of these six companies in the F&O space starting January 31.Last month, NSE had announced the exclusion of F&O contracts for 16 securities.
#TechTalks??
OpenAI in talks to raise up to $40 billion in new funding round
OpenAI is in talks to raise as much as $40 billion in a funding round led by SoftBank Group Corp., according to people familiar with the matter.
The ChatGPT maker is in discussions to raise funds at a valuation of up to $340 billion, according to the Wall Street Journal. The talks are not final and terms could change.The pre-money valuation may end up being closer to the $200 billion range, said one of the people, who spoke on condition of anonymity to discuss private information. OpenAI was valued at $157 billion in October.
iOS 18 introduces new ways to protect your data—here's how
Apple’s iOS 18 is packed with features to help you keep your data safe and secure. Here’s a quick rundown of some cool privacy tools you might not know about.
Lock or Hide an App: Hide or lock apps for peace of mind when sharing your phone with others.
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Selective Contact Sharing: You can now pick and choose which contacts to share with apps, not just give them access to everything.
Link Tracking Protection: This feature stops websites from adding tracking info to links when you share them in Messages or Mail.
#PersonalFinance??
PB Fintech’s health insurance business growing four times faster than the industry, says Group CEO
PB Fintech’s Chairman and Group CEO, Yashish Dahiya, said the company's health insurance business, which is currently growing four times faster than the industry, is a 'long term driver of value for the company'.Health insurance currently accounts for just over 60% of the company’s net present value (NPV). and slightly more than 30% of the total premium collected.Dahiya also shared PB Fintech’s plans for Paisabazaar, which it aims to turn into a pure personal finance platform covering unsecured credit, savings, and investments. The strong integration between Paisabazaar and Policybazaar makes it easier to link products like credit cards to two-wheeler sales. The company will share more details on this integration in a month's time.
National Pension Scheme: How to open an NPS account? How does it work?
The central government introduced the National Pension Scheme (NPS) to provide individuals with income in the form of a pension to meet their retirement needs. It was launched under the Pension Fund Regulatory and Development Authority (PFRDA).
It was launched to boost your retirement income and help you save tax. It allows you to plan for a financially secure retirement with systematic savings in a planned way.
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#StartupsWorld??
AI-powered managed service provider startup SuperOps raises $25 million in Series C funding round
SuperOps, an AI-powered managed service provider (MSP) startup, has raised $25 million in a Series C funding round.
The round was led by March Capital, and witnessed participation from existing investors such as Addition and Z47. The latest round of funding brings the startup's total funding to $54.4 million across three rounds."March Capital wrote us a $4 million cheque last year and chose to double down on their investment in us, and that's how our latest round of funding came to be," Arvind Parthiban, Co-Founder and CEO at SuperOps, told CNBC-TV18.
IPO-bound Zepto completes reverse flip to become Indian parent entity
Quick commerce unicorn Zepto has completed its reverse flip from Singapore to India, a move that positions the company for its planned initial public offering (IPO). This development received formal approvals from Singaporean courts and India’s National Company Law Tribunal (NCLT), as announced by the company’s leadership.
“This is a historic milestone for the Indian startup ecosystem and an inflexion point that represents long-term confidence in the liquidity and depth of Indian capital markets,” said Aadit Palicha, Zepto’s co-founder and CEO, in a LinkedIn post.The NCLT had earlier approved Zepto’s plan to re-domicile to India through an order dated January 9, which allowed Kiranakart Technologies Private Limited, the Indian entity operating Zepto, to become the holding company. Previously, Zepto functioned as a subsidiary of Singapore-based KiranaKart Pte Ltd.
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