Bhavish Aggarwal of Ola Electric announced that their S1 X scooters are priced to compete with ICE scooters. Ola quickly went public and focuses on leading India’s EV future through vertical supply chain integration. The company aims to achieve price parity between EVs and ICE vehicles soon, with ongoing advancements in lithium cell production.
Gold loan stocks rally after RBI hikes loan-to-value ratio limit and eases small loan norms
Gold loan stocks surged 2–7% after RBI raised the LTV ratio on loans under ₹2.5 lakh to 85%. Simplified norms reduce compliance burden, aiding lenders