Met Santosh at a traffic junction. Very enterprising guy! Owns 2 @OlaElectric scooters and has driven more than 500… https://t.co/7fBw7Fz3Ek
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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.
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