India will have 123 million electric vehicles (EVs) on the road by 2032, after getting a boost from the incentives of the National EV Targets (NEV), according to a joint report by IESA (India Energy Storage Alliance) and CES (Customized Energy Solutions). The report estimates that India’s cumulative on-road lithium-ion electric vehicle (EV) population increased…
Paytm’s parent company, One 97 Communications, on Tuesday, May 6, reported a consolidated net loss of Rs 539.8 crore for the March quarter of FY25, slightly lower than the Rs 549.6 crore loss reported in the same period last year. The numbers signal marginal improvement, but revenue contraction and ongoing regulatory challenges continue to weigh…
In a choppy session today, the Nifty PSU Bank index emerged as the laggard, settling with a cut of nearly 5 per cent, dragged by counters including Bank of Baroda, Punjab National Bank and Canara Bank among others. All of the 12 constituents ended in the red, with a drag between 2-11 per cent. Vaibhav…
The Supreme Court is set to continue hearing a pivotal case that could reshape the legal and tax framework for India’s online gaming sector on Tuesday, May 6, 2025. A bench comprising Justices JB Pardiwala and R Mahadevan is examining whether real-money games, even if skill-based, should be classified as gambling under the Goods and…
Sam Altman-run OpenAI will continue to be overseen and controlled by the nonprofit and its ‘for profit LLC’ will transition to a public benefit corporation (PBC), giving the nonprofit better resources to support several benefits, the company has announced. OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit. “Going…
Following its Rs 2,980 crore initial public offering (IPO), shares of Ather Energy made muted debut on bourses on Tuesday (May 6, 2025). On the NSE, the stock listed at Rs 328, marking a premium of 2.18 per cent over its issue price of Rs 321, while on the BSE, it listed at Rs 326.05, reflecting a…