Ola Electric Mobility’s shares increased 4.4% after the company received PLI certification for two more of its electric scooters. This approval came after the expiry of the FAME II subsidy, replaced by the Electric Mobility Promotion Scheme.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,