Ola Electronics Receives Regulatory Notice
The Central Consumer Protection Authority (CCPA) issued a notice to Bangalore-based electronic manufacturer Ola on October 3, considering a bundle of consumer complaints regarding service issues. The notice suggested that the electronic scooter company had breached multiple Consumer Protection Act 2019 provisions, including deficiencies, misleading advertisements, unfair trade practices, and consumer rights violations. The National…
Shipra Prajapati
India Towards Growth: Union Cabinet Approved New Scheme
The Union Cabinet has taken a significant step towards bolstering India’s green transition, rural infrastructure, and healthcare industry by approving comprehensive initiatives. These include a major push for electric vehicles (EV), the expansion of rural road connectivity, and the advancement of the Ayushman Bharat health insurance scheme. The Ministry of Heavy Industries (MHI) passed a…
Elon Musk Sold A Huge Chunk Of Shares In EV Business
Tesla CEO Elon Musk sold about 22 million shares of his electric vehicle business, which was worth around $3.6 billion, according to the financial filing out on Wednesday. The transaction took place between Monday and Wednesday, according to the filings with the Securities and Exchange Commission. Earlier this month, Elon stated that he had no…
SHAHID MUSHTAQ
Tata Motors Receives Rs. 3750 Crore As TPG Rise Investment 
On March 30, Tata Group’s automobile manufacturing subsidiary, Tata Motors, said that the company has received Rs.3750 crore as the first allotment of investment from TPG Rise Climate, a private equity fund provider that focuses on climate sub-sectors. Last year, TPG Rise signed an agreement to mortgage an investment of Rs.7500 crore in Tata Motors…
Two EV Caught Fire In Pune: Investigation Launches
Ola S1 Pro, an electric scooter, caught fire in Lohegaon, Pune; the video went viral on the internet. The Ola themselves has launched an investigation to find the reason for the fire. However, now the government has also launched an investigation to find the root cause of the fire. The investigation has been ordered by…