Met Santosh at a traffic junction. Very enterprising guy! Owns 2 @OlaElectric scooters and has driven more than 500… https://t.co/7fBw7Fz3Ek
Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Ebikes That Look Like Mopeds
India’s largest electric two-wheeler company Ola Electric Mobility is planning to raise a fresh round of $250-300 million in growth equity to expand two-wheeler operations and fund its planned battery facility, said people with knowledge of the matter.
Punjab National Bank (PNB), Indian Overseas Bank (IOB) and DCB Bank may have to negotiate higher funding costs as these lenders seek to sell bonds amid a global turmoil caused by the Swiss regulator's write-down of nearly $17 billion of Additional Tier 1 (AT-1) instruments in the Credit Suisse bailout.
Indian equities rose on Tuesday, tracking the overnight rebound in the US markets, on hopes that the banking crisis might be eased for now following Credit Suisse’s acquisition by UBS. The decline in crude oil prices also alleviated some worries. Investors are now awaiting the outcome of the US Federal Reserve’s monetary policy meeting on Wednesday.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
ETPrime stories of the day
Snowman wants to own India’s food supply-chain. Is the timing right?
Gold dazzles amid volatility. Will the rally hold or the metal trip on a classic ‘triple top’?
3 insights to kick-start your day, featuring jobs cut mayhem at Amazon.
In Case you missed it
Choose your reason below and click on the Report button. This will alert our moderators to take action
Your Reason has been Reported to the admin.
Moped Like Ebike Stories you might be interested in