New Delhi, May 11 (IANS) Top industrialists on Monday backed Prime Minister Narendra Modi’s call for austerity and economic self-reliance amid global uncertainty triggered by the ongoing conflict in West Asia, saying the measures were aimed at strengthening India’s resilience and protecting foreign exchange reserves.TVS Motor Company Chairman Venu Srinivasan endorsed the PM Modi’s emphasis on self-reliance and prudent consumption at a time of heightened global volatility.Meanwhile, Bharti En…
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New Delhi, March 6 (IANS) Society for Innovation and Entrepreneurship (SINE) — the IIT Bombay-backed broad-spectrum technology business incubator — is selling about 4 lakh shares in the SEDEMAC Mechatronics initial public offering (IPO), according to the filings.The company’s red herring prospectus (RHP) has highlighted that SINE will offload 4,08,000 equity shares.On a pre-offer paid-up equity share capital basis, this represents 0.92 per cent, indicating that the incubator is expected to e…
New Delhi, Dec 29 (IANS) India’s electric two-wheeler market saw a major shift in 2025, with last year’s leader Ola Electric losing a large part of its market share, while traditional auto companies strengthened their position.Ola Electric’s market share dropped sharply to 16.1 per cent in 2025 from 36.7 per cent in 2024.Despite overall demand for electric two-wheelers improving, the company sold 1,96,767 vehicles during the year, according to data from the government-run Vahan portal.The …