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Business Standard

Ola Electric's founder Bhavish Aggarwal has undertaken a limited monetisation of his personal shareholding to fully release all promoter-level share pledges totalling Rs 260 crore, according to company sources.
The pledge release transaction involved a combination of monetising a small part of the promoter holding as well as other personal incomes. It will completely release 3.93 per cent of previously pledged shares, making the founder-promoter debt-free.
Sources said the promoter-group holding will be over 34 per cent after the limited stake monetisation, among the largest in the listed new-age listed cohorts.
Ola Electric is not expected to see further promoter pledges as the current one was done to seed fund AI startup Krutrim, which has re-emerged as a cloud infra player with positive cash flows.
The monetisation does not result in any dilution of promoter control and reflects the founder's long-term commitment to Ola Electric's strategy of building a vertically integrated, ..

Ola Electric is not expected to see further promoter pledges as the current one was done to seed fund AI startup Krutrim, which has re-emerged as a cloud infra player with positive cash flows

Press Trust of India

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Giving a clean chit to AIADMK top leader Edappadi K Palaniswami, the Tamil Nadu government on Tuesday informed the Madras High Court that there was no prima facie case made out against him in respect of allegations of corruption in the construction of 11 medical colleges in the state during his tenure as chief minister.
Advocate general P S Raman made the submission when a Public Interest Litigation petition in this regard came up for hearing before the First Bench comprising Chief Justice M M Shrivastava and Justice G Arul Murugan.
Raman submitted that the Directorate of Vigilance and Anti-Corruption conducted a detailed inquiry and found that there was no prima facie case made out against Palaniswami as regards the allegations of corruption.
A report was submitted to the Vigilance Commissioner, who in turn submitted it to the state government. The State government accepted the report and dropped the proceedings against Palaniswami, he said.
The bench adjourned the matter to be ..

In his petition, N Rajasekaran submitted that during the period when Edappadi Palaniswami was the Chief Minister, the government constructed medical colleges in 11 districts in the State

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Healthcare industry body NATHEALTH has asked the government to increase public spending on healthcare to over 2.5 per cent of GDP with urgent action to tackle non-communicable diseases, including tax deductions of up to Rs 10,000 on individuals for preventive health check-ups.
In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage.
The recommendations call for a balanced mix of fiscal support, structural reforms, and public-private collaboration to build a robust, future-ready health system, it said in a statement.
In its recommendations, NATHEALTH asked the sector to be declared 'core infrastructure' and create a healthcare infrastructure fund of Rs 50,000 crore, saying currently there is limited access to long-term, lower-cost capital for hospitals and diagnostic networks.
New projects have long gestational periods requiring flexible mid-term ...

In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage

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Union Budget 2025 LIVE

Finance Minister Nirmala Sitharaman to present her record 8th Budget today

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