Ola Electric share rights worth 100 billion rupees fully subscribed amid 23% stock surge
Read more
Business Standard
business-standard.com

Ola Electric share rights worth 100 billion rupees fully subscribed amid 23% stock surge

The placement of Ola Electric company shares worth 100 billion rupees was fully subscribed on Wednesday evening, despite the subscription period not yet expiring—there were two days remaining.

The volume of the Ola Electric Mobility Rights Issue October 2026 was 370,272,665 shares. By the close of trading on Wednesday, investors subscribed to 371,359,420 shares.

The company's founder, Bhavish Aggarwal, participated in the entire offering. His personal stake accounts for 26.5 percent, while the promoters' stake reaches 32.9 percent.

The company's shares showed a 23 percent increase over the last two trading sessions, closing at 36.66 rupees on Wednesday.

Ola is transitioning from a direct-to-consumer (D2C) sales model to sales through a dealer network. This transition is expected to boost sales rates and improve service quality, which is a significant factor influencing market reaction.

Similar stories

Galaxy Buds 4 with Active Noise Cancellation reach historic price of R$ 804 on sale
Read more
tecnoblog.net

Galaxy Buds 4 with Active Noise Cancellation reach historic price of R$ 804 on sale

The Galaxy Buds 4, Samsung's wireless earbuds, are available for R$ 804 using Pix and the coupon VALETECH on the Mercado Livre platform. This price represents a 50% reduction from the original price of R$ 1,599, marking the lowest historical price for the product.

These earbuds are highlighted for offering 24-bit Hi-Fi audio and active noise cancellation (ANC) functionality, which is capable of filtering out most ambient noises. Furthermore, the set integrates Artificial Intelligence (AI) assistants, such as Samsung's Bixby, Google Gemini, and Perplexity, allowing menu activation and searches via voice commands.

The Galaxy AI system includes an automatic conversation translator, although this feature is restricted to use on Galaxy line devices. Other notable features include the Voice Pickup Unit, which improves call clarity, and an adaptive equalizer that personalizes the sound experience by adjusting frequencies according to the user's ear canal shape.

In terms of battery life, the Galaxy Buds 4 can play music for up to 5 hours with ANC activated and for 6 hours when the feature is turned off. The carrying case, equipped with a 515 mAh battery, provides additional power, raising the total autonomy to up to 30 hours, according to the manufacturer.

Additionally, the Galaxy Buds 4 have an IP54 certification, which grants them moderate protection against water splashes, sweat, and dust. Samsung has also equipped the earbuds with advanced features to optimize audio and communication quality.

Nintendo Switch Lite reaches reduced price on Mercado Livre with discount coupon
Read more
tecnoblog.net

Nintendo Switch Lite reaches reduced price on Mercado Livre with discount coupon

The Nintendo Switch Lite is available for R$ 1,213 using Pix payment and the VALETECH coupon on the Mercado Livre platform. This fully portable Nintendo console features a 5.5-inch LCD screen and maintains compatibility with most of the original model's game library, reaching its lowest price since July 2026, with a 36% discount off the original price of R$ 1,899.

The Switch Lite represents a more compact version of the Nintendo console, which has become one of the best-selling of all time. It was designed to provide an experience focused exclusively on portable gaming, making it particularly attractive to users who frequently play on mobile devices, as evidenced in tests.

This device is slightly smaller and lighter than the standard Switch, facilitating transport in bags or backpacks. Its battery, with a capacity of 3,570 mAh, guarantees autonomy between 3 and 7 hours of use, allowing it to be used during bus or plane trips, depending on the journey's duration.

Internally, the device is equipped with an Nvidia custom Tegra processor and has 32 GB of internal storage, which can be expanded using memory cards up to 2 TB. The 5.5-inch HD LCD touch panel is smaller than the 6.2 inches of the original Switch, resulting in a higher pixels per inch (ppi) density.

In terms of connectivity, the Switch Lite supports Wi-Fi 5 and Bluetooth 4.1, enabling the pairing of wireless headsets or headphones, and is compatible with the Switch Pro Controller. However, not all accessories from the original Switch and some games that depend on them are supported in this version.

Despite the limitations, the portable console can run most Switch titles, including exclusive franchises such as Mario, The Legend of Zelda, Donkey Kong, Metroid, and Pokémon, which cannot be legally played on competing consoles or on mobile phones and tablets.

Additionally, the Nintendo Switch Lite (available for R$ 1,213 via Pix with the VALETECH coupon) is compatible with Nintendo Switch Online subscriptions, a service that offers exclusive benefits and allows online play with friends.

JSW Energy reports net profit growth of over 38% in the second quarter of fiscal year 2027
Read more
business-standard.com

JSW Energy reports net profit growth of over 38% in the second quarter of fiscal year 2027

JSW Energy announced a significant increase in consolidated net profit of over 38% in the September quarter, reaching INR 1,141 crore. This growth was driven by increased revenue.

According to the report published by the company via the stock exchange, the net profit for the second quarter of the previous fiscal year was INR 824 crore. For the period from July to September, the company's total revenue increased to INR 6,657.71 crore compared to INR 5,361 crore the previous year.

The JSW Energy Board of Directors also approved the possibility of raising long-term funds of up to INR 5,000 crore through the issuance of unsecured convertible bonds, which will be placed based on private placements in one or more tranches. The Finance Committee has been authorized to make decisions on all aspects of this bond issuance, including approving detailed terms.

The company's current installed capacity is 15,147 MW, of which 9,189 MW comes from renewable energy sources, accounting for 61 percent. The renewable energy portfolio includes 3,125 MW of wind, 2,426 MW of solar, 1,857 MW of hybrid, and 1,781 MW of hydropower capacity, supplemented by 5,958 MW of thermal power.

During the quarter, the company signed a Shareholders' Agreement with Druk Green Power Corporation Limited (DGPC). This company is a subsidiary of Druk Holding & Investments, the commercial arm of the Royal Government of Bhutan. The agreement aims at the joint development of the Punatsangchhu-III hydroelectric power plant with a capacity of 920 MW. The joint venture will be distributed between DGPC and JSW Neo Energy in a 51:49 ratio.

This project marks the company's first power generation initiative outside of India. Furthermore, on August 6, the company acquired Maruti Clean Coal & Power Ltd, which operates a 300 MW thermal power plant in Chhattisgarh state. The enterprise was valued at approximately INR 1,410 crore. This plant has a 14-year Power Purchase Agreement (PPA) for 195 MW (net) with Rajasthan discounts.

Popular