Ola Electric Begins S1 Gen 3 Scooter Deliveries Across India

Ola Electric has officially commenced deliveries of its S1 Gen 3 scooter portfolio across India. Following a successful launch, customers can now experience the next generation of electric vehicle (EV) technology. 

The S1 Gen 3 lineup includes the flagship S1 Pro+, along with S1 Pro and S1 X. These scooters are now available through Ola Electric’s extensive retail network, as well as direct-to-home delivery services. This move is part of Ola’s broader commitment to making electric mobility more accessible and efficient for Indian consumers.

Enhanced Performance and Safety Features

Ola Electric’s spokesperson expressed excitement over the positive response to the Gen 3 scooters, stating that the overwhelming demand reaffirms their mission to accelerate India’s transition to electric mobility. 

The company believes that the new range will provide customers with a superior riding experience, enhanced safety, and greater efficiency. With its latest advancements, the Gen 3 platform brings significant improvements in performance, reliability, and cost-effectiveness.

The company stated that the Gen 3 scooters have been designed with cutting-edge technology to enhance their overall performance and safety. Compared to their predecessor, they offer a 20% increase in peak power, ensuring better acceleration and higher efficiency. Additionally, the manufacturing cost has been reduced by 11%, making them more affordable for a larger audience. The range has also been extended by 20%, allowing riders to travel longer distances on a single charge. 

The Gen 3 platform is equipped with a mid-drive motor and chain drive for optimized performance, along with an integrated Motor Control Unit (MCU) that improves energy efficiency. One of the most notable safety features introduced in this version is the category-first dual ABS (Anti-lock Braking System) and the patented brake-by-wire technology. This advanced braking system adapts to the rider’s braking input and dynamically modulates between regenerative and mechanical braking, ensuring better control and increasing energy recovery by 20%.

Expansion into the EV Motorcycle Segment

In addition to its new scooter lineup, Ola Electric has also made an entry into the EV motorcycle segment with its Roadster X series. The all-new Roadster X series comes in multiple variants, with prices starting at ₹74,999 for the base model and going up to ₹1,54,999 for the high-end Roadster X+ 9.1kWh variant, which offers an impressive range of 501 km per charge. 

Conclusion

With these developments, Ola Electric continues to push the boundaries of EV technology, reinforcing its commitment to sustainable mobility in India.

On March 24, 2025, Ola Electric share price (NSE: OLAELEC) opened at ₹57.56, up from its previous close of ₹56.07. At 9:37 AM, the share price of Ola Electric was trading at ₹55.55, down by 0.93% on the NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Poonawalla Fincorp Unveils AI-Powered Underwriting Solution with IIT Bombay

Poonawalla Fincorp Limited (PFL) has introduced an industry-first AI-powered underwriting solution in collaboration with the Indian Institute of Technology Bombay (IIT Bombay). 

This innovative system integrates artificial intelligence (AI) with human intelligence to streamline the credit evaluation process, ensuring faster, more accurate, and scalable lending decisions.

AI and Machine Learning for Smarter Credit Decisions

The solution leverages Large Language Models (LLM) and Machine Learning (ML) platforms to enhance credit decision-making. It analyses multiple data points from loan applications, allowing credit managers to make quicker and more informed lending decisions. With a risk-first approach, this system enhances PFL’s risk management framework while improving efficiency. The AI-powered solution is expected to increase credit managers’ productivity by 40% in retail lending.

Future Plans: Self-Learning AI Models

The company stated that in the next phase, PFL aims to develop self-learning AI models powered by deep learning algorithms. These models will enable autonomous decision-making, pattern recognition, and multi-modal communication, further refining the lending process. 

Commenting on the launch, the Managing Director & CEO of Poonawalla Fincorp,  Mr Arvind Kapil, said, “At Poonawalla Fincorp we fully respect and understand the transformative impact of AI in reshaping the credit landscape. We are delighted to launch our groundbreaking solution, blending AI innovation and human judgment in credit underwriting. With this initiative, we position ourselves as paradigm pioneers, driving transformation in our industry.”

Conclusion

PFL remains committed to simplifying lending, enhancing customer experiences, and driving innovation in the financial services industry. This AI-driven initiative strengthens PFL’s position as a leader in technology-driven lending solutions.

On March 24, 2025, Poonawalla Fincorp share price (NSE: POONAWALLA) opened at ₹338.00, up from its previous close of ₹334.80. At 9:31 AM, the share price of Poonawalla was trading at ₹346.45, up by 3.48% on the NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Dr. Reddy’s Completes Sale of Its Louisiana Subsidiary and Manufacturing Facility

Dr. Reddy’s Laboratories Limited announced that its U.S. subsidiary, Dr. Reddy’s Laboratories Inc., has successfully sold all issued and outstanding membership interests in Dr. Reddy’s Laboratories Louisiana LLC. This sale includes its manufacturing facility in Shreveport, Louisiana, and was completed on March 21, 2025.

Impact of the Sale

Following the transaction, Dr. Reddy’s Laboratories Louisiana LLC is no longer a wholly owned subsidiary of Dr. Reddy’s Laboratories Inc. or a step-down subsidiary of Dr. Reddy’s Laboratories Limited. This move aligns with the company’s strategic decisions in the U.S. pharmaceutical market.

Dr. Reddy’s Recalls Levetiracetam Injection in the U.S.

Recently, Dr. Reddy’s Laboratories Ltd announced a recall of one batch (Lot No: A1540076) of Levetiracetam in 0.75% Sodium Chloride Injection (1,000 mg/100 mL) in the U.S. 

The recall is due to a labelling error, where the infusion bag is mislabeled as Levetiracetam in 0.82% Sodium Chloride Injection (500 mg/100 mL), while the outer aluminium overwrap correctly identifies the product. 

This recall is being conducted at the consumer level to ensure patient safety. Healthcare providers and consumers are advised to check packaging carefully and discontinue use of the affected lot if found.

About Dr. Reddy’s Laboratories Ltd

Dr. Reddy’s Laboratories Ltd, a global pharmaceutical company headquartered in Hyderabad, India, was founded in 1984 with a commitment to providing affordable and innovative medicines. Guided by the purpose of “Good Health Can’t Wait,” the company offers a diverse portfolio, including APIs, generics, branded generics, biosimilars, and OTC products. Its key therapeutic areas include gastrointestinal, cardiovascular, diabetology, oncology, pain management, and dermatology. Dr. Reddy’s serves major markets such as the USA, India, Russia & CIS countries, China, Brazil, and Europe, ensuring access to high-quality healthcare solutions worldwide.

On March 21, 2025, Dr. Reddy’s Laboratories share price (NSE: DRREDDY) opened at ₹1,190.20 and closed at ₹1,202.25, up by 1.27%. The stock price touched its day’s high at ₹1,204.65.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

IN-SPACe Launches Technology Adoption Fund to Boost Space Startups

The Indian National Space Promotion and Authorization Centre (IN-SPACe) has introduced the Technology Adoption Fund (TAF) scheme to support Indian industries, particularly startups, in commercialising early-stage space technologies. This initiative aligns with India’s broader vision of enhancing self-reliance in space technology and reducing dependence on imports.

Objectives of the TAF Scheme

The primary aim of the TAF scheme is to accelerate the development and commercialisation of indigenous space technologies. The key objectives include:

  • Upgrading existing space technologies from Technology Readiness Level (TRL) 3/4 to TRL 7/8 or higher to facilitate their commercialisation.
  • Encouraging innovation in space-related product development.
  • Substituting imports by supporting the local development of advanced space components that are not yet commercially viable in India.

Eligibility Criteria for Startups

To qualify for financial assistance under the TAF scheme, startups must meet specific criteria:

  • The startup must be under Indian management and control.
  • The proposed project must have commercial viability.
  • The startup should not be receiving funding for the same project from any other Central or State Government departments or ministries.

By fulfilling these conditions, startups can secure financial aid for their projects, contributing to India’s mission of Aatmanirbhar Bharat (self-reliant India) in the space sector.

Government’s Support for the Private Space Sector

The Indian Government is actively encouraging private-sector participation in the space industry through various reforms and policies:

  • Liberalisation of the Space Sector – Non-Government Entities (NGEs) are now permitted to engage in full-fledged space activities.
  • Establishment of IN-SPACe – IN-SPACe plays a crucial role in promoting, enabling, authorising, and supervising NGEs in space-related activities.
  • Implementation of Space Policies – The introduction of the Indian Space Policy 2023, Norms, Guidelines & Procedures (NGP), and Foreign Direct Investment (FDI) policy has provided regulatory clarity and strengthened India’s space ecosystem.
  • Financial and Technical Support – Various schemes, such as TAF, Seed Fund, Pricing Support, Mentorship, and Technical Labs, have been launched to support startups and NGEs in space technology.
  • Collaboration with Private Players – As of December 31, 2024, IN-SPACe has signed 78 Memorandums of Understanding (MoUs) with NGEs and issued 72 authorisations for space activities.

Major Developments Under IN-SPACe

IN-SPACe is actively working on several key projects to strengthen India’s private space sector. It is currently establishing an Earth Observation (EO) system through public-private partnerships (PPP) to enhance satellite-based monitoring and data services. Additionally, the technology transfer of Small Satellite Launch Vehicles (SSLV) to Indian companies is in progress, enabling greater private-sector participation in satellite launches.

Furthermore, IN-SPACe is expanding opportunities for Indian entities to access orbital resources, fostering a competitive space ecosystem. To encourage further innovation, the government has proposed setting up a ₹1000 crore Venture Capital Fund in the upcoming financial year to support space startups and entrepreneurs.

Conclusion

The Indian space industry is witnessing increasing participation from private entities. ~330 industries, startups, and MSMEs are currently engaged with IN-SPACe for various services, including technology transfer, promotional activities, access to ISRO test facilities, and other enablement services. 

With these initiatives, the government aims to position India as a global leader in space technology and innovation, fostering a self-sufficient and competitive ecosystem.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

How Does the 67:100 Swap Ratio Affect ICICI Securities Shareholders?

ICICI Bank has set a swap ratio of 67:100, meaning that shareholders of ICICI Securities will receive 67 shares of ICICI Bank for every 100 shares they hold in ICICI Securities. 

This exchange ratio determines the value realisation for ICICI Securities investors as the company transitions into a wholly-owned subsidiary of ICICI Bank.

Impact on ICICI Securities Shareholders

For shareholders, the delisting and share swap will result in a transition from holding ICICI Securities shares to ICICI Bank shares. The effect of this swap ratio depends on several factors:

  • Change in Holding Value – The valuation of ICICI Securities shares at the time of delisting compared to ICICI Bank’s share price will determine whether shareholders experience a gain or loss. If ICICI Bank’s stock price appreciates post-merger, shareholders could see an increase in their portfolio value.
  • Liquidity and Stability – ICICI Bank is a large-cap stock, which means investors who previously held ICICI Securities shares will now own shares in a financially stable company.
  • Dividend and Growth Potential – ICICI Bank has a track record of dividend payouts than ICICI Securities. Shareholders could benefit from better long-term returns due to ICICI Bank’s market position and growth prospects.

About ICICI Bank

ICICI Bank is a prominent private sector bank in India that offers a diversified portfolio of financial products and services to retail, SME and corporate customers. The Bank has an extensive network of branches, ATMs and other touch-points.

The ICICI group has a presence in other businesses like general and life insurance, housing finance, primary dealership, etc, through its subsidiaries and associates. 

Conclusion

The 67:100 swap ratio can provide ICICI Securities shareholders with an opportunity to become part of a larger, more diversified financial entity. The record date to identify the public shareholders whose ICICI Securities shares will be cancelled and to whom the new ICICI Bank shares will be issued has been set as Monday, March 24, 2025. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Stocks That Hit Circuit Limits On March 21, 2025, Shakti Pumps (India), JSW Holdings & More

On March 21, 2025, BSE Sensex closed at 76,905.51 up by 0.73%, while Nifty50 rose by 0.69% to 23,350.40. Stocks like Shakti Pumps (India) and JSW Holdings hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Upper Circuit on March 21, 2025

Company Symbol LTP (₹) % Change Price Band % Volume (Lakhs) Value (₹ Crores)
DBREALTY 152.40 20.00 20.00 240.91 353.56
BALUFORGE 602.55 19.99 20.00 46.41 267.19
TARIL 487.05 9.99 10.00 49.75 239.81
SHAKTIPUMP 1,029.80 5.00 5.00 21.16 214.51
JSWHL 22,993.85 5.00 5.00 0.80 184.19

Stocks That Hit Lower Circuit on March 21, 2025

Company Symbol LTP (₹) % Change Price Band % Volume (Lakhs) Value (₹ Crores)
BBOX 360.50 0.60 5.00 6.42 23.13
INDOTHAI 1,965.00 -4.80 5.00 0.37 7.37
REFEX 379.75 1.76 5.00 1.69 6.32
IITL 253.00 -0.61 5.00 0.99 2.45
FRESHARA 122.10 -4.08 5.00 1.69 2.09

Overview of Companies Hit Circuits Today

  • Industrial Investment Trust Limited

Industrial Investment Trust saw a drop in its stock price, declining by 0.61% to close at ₹253.00. The stock opened at ₹254.00 and reached a low of ₹241.85. 

  • Freshara Agro Exports

Freshara Agro Exports experienced a drop in its stock price, dropping by 4.08% to close at ₹122.10. The stock opened at ₹124.50 and reached a low of ₹120.95.

  • Transformers And Rectifiers (India) Limited

Transformers And Rectifiers (India) saw its stock price rise by 9.99% to close at ₹487.05. The stock opened at ₹440.05 and rose to ₹487.05 at the high of the day.

  • Shakti Pumps (India) 

Shakti Pumps (India) experienced notable growth in its stock price, rising by 5% to close at ₹1,029.80. The stock opened at ₹983.90 and touched a high of ₹1,029.80.

  • JSW Holdings 

JSW Holdings saw an increase in its stock price, rising by 5% to close at ₹22,993.85. The stock opened at ₹22,199.95 and rose to a day’s high of ₹22,993.85.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

MCA Holds Second Open House for PM Internship Scheme on March 19, 2025

In a continued effort to engage and support candidates applying for the PM Internship Scheme, the Ministry of Corporate Affairs (MCA) hosted its second Candidate Open House on March 19, 2025. 

This initiative reflects the ministry’s commitment to addressing candidate queries and concerns throughout the application process. The MCA has also announced plans to hold these Open Houses weekly, ensuring that applicants receive timely responses to their questions.

Structured Discussions Through Advance Query Submissions

To facilitate structured and effective discussions, candidates were encouraged to submit their queries in advance via a dedicated online link shared through email. This approach allowed moderators to prioritise common concerns while also addressing live questions during the session. The second Open House saw 340 advance responses, following the 423 submissions from the first session on March 10, 2025.

Panel of Experts Addressing Key Concerns

The session featured a distinguished panel, including Senior MCA officials, Deputy Director Nitin Phartyal, representatives from BISAG (the technical partner for the project), and members of the project management team. The panel addressed various candidate concerns, with frequent questions revolving around the selection process, eligibility criteria, and sector-specific opportunities available within the scheme.

The Ministry of Corporate Affairs remains dedicated to transparency and open communication, ensuring a seamless application experience for candidates across the country. By hosting these regular sessions, the ministry aims to enhance engagement and provide clear, real-time guidance to aspiring interns under the PM Internship Scheme.

What is the PM Internship Scheme?

The PM Internship Scheme is a government initiative aimed at providing young professionals and students with hands-on experience in various sectors through structured internship programs. Launched to enhance skill development and industry exposure, the scheme enables interns to work with government departments, corporate entities, and research organisations. 

 

It focuses on bridging the gap between academic learning and real-world applications, equipping candidates with practical knowledge, mentorship, and networking opportunities. The program is designed to foster innovation, leadership, and professional growth, making participants more industry-ready. With a transparent selection process, sector-specific opportunities, and regular engagement through Open Houses, the PM Internship Scheme is a key effort to nurture India’s future workforce.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

PVR Inox Share Price Rises 1.22% on March 21, 2025, Nifty Media Soars 2.36%

PVR Inox Ltd has been in focus on Friday. On March 21, 2025, PVR Inox share price opened at ₹962.00, up from its previous close of ₹960.20. At 10:52 AM, the share price of PVR Inox was trading at ₹971.95, up by 1.22% on the NSE. Notably, the stock price hit its 52-week low recently at ₹866.30 on February 26, 2025. 

As of 10:54 AM, the sectoral index, Nifty Media, was up by 2.36%. Not just PVR Inox, but other Nifty Media stocks have been trading in the green as of the same time. Network18 Media & Investments, Dish TV India and Zee Entertainment Enterprises were up by 5.48%, 3.05% and 3.62%, respectively. 

Q3 and 9M FY25 Financial Highlights

PVR Inox reported a total income of ₹17,388 million in Q3 FY25, reflecting an increase from ₹15,693 million in Q3 FY24. The EBITDA margin stood at 14.9%, slightly improving from 14.4% in the previous year.

The profit after tax (PAT) for Q3 FY25 reached ₹681 million, a significant rise compared to ₹412 million in Q3 FY24. However, the nine-month period of FY25 (9M FY25) saw a contrasting trend, with a PAT of ₹4,453 million, down from ₹7,735 million in 9M FY24, indicating certain profitability challenges.

For the nine-month period of FY25, total income declined to ₹45,893 million from ₹49,133 million in 9M FY24. Additionally, EBITDA margins dropped to 3.9% in 9M FY25 from 9.7% in 9M FY24. The company also reported a net loss of ₹460 million (-1.0%) in 9M FY25, in contrast to a profit of ₹2,045 million (4.2%) in 9M FY24.

Conclusion

PVR Inox Ltd has been gaining traction, trading higher amid a broader rally in the media sector. Despite recently hitting a 52-week low, PVR Inox’s recovery suggests renewed investor confidence in the stock.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Ola Electric Share Price Jumps 5.11% on Mar 21; Clears Air on February Sales

Ola Electric Mobility Limited issued a statement on March 21, 2025, addressing claims regarding its February 2025 sales data. The company clarified that its sales remain strong and that a temporary backlog in vehicle registrations was due to ongoing negotiations with vendors responsible for the registration process.

On March 21, 2025, Ola Electric share price opened at ₹51.71, the same as its previous close of ₹51.71. At 9:37 AM, the share price of Ola Electric was trading at ₹54.35, up by 5.11% on the NSE.

Swift Resolution of Registration Backlog

The statement highlighted that Ola Electric has been working swiftly to clear the backlog, with daily registrations exceeding 50% of its three-month daily sales average. As of now, 40% of the backlog has already been resolved, and the company expects full clearance by the end of March 2025.

Ola Electric also addressed what it called a “misinformation campaign” by certain media outlets and vested interests. The company linked the intensified scrutiny to its recent decision to discontinue contracts with two nationwide vendors managing its registration process. This move was part of Ola’s broader strategy to streamline operations and enhance profitability.

Conclusion 

The company reaffirmed its commitment to transparency and reliability, assuring customers that the situation is under control. Ola Electric remains focused on resolving the backlog efficiently and maintaining strong sales momentum in the electric vehicle sector.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

VA Tech Wabag Share Price Rises 7.03%; Signs $100M Municipal Water Project Deal

VA Tech Wabag (WABAG) has signed a non-binding term sheet to create a dedicated Municipal Platform for capital projects in the municipal sector. 

The platform will involve an equity investment of up to USD 100 million over the next 3 to 5 years. 

This initiative is being launched in partnership with an Investor Consortium, including Norfund, the Norwegian Government’s investment fund focused on sustainable development, along with two other international investors.

WABAG’s Role as a Technical Partner

WABAG will serve as the Technical Partner in the platform, contributing its expertise in Engineering, Procurement, and Construction (EPC) and Operations and Maintenance (O&M).

 In alignment with its Asset-Light Strategy, WABAG will also make a minority investment in the platform. The collaboration aims to leverage the strengths of all partners to address the growing need for advanced water treatment technologies and municipal water infrastructure.

Advancing Sustainable Water Solutions

The Municipal Platform will focus on key opportunities in the municipal water sector, enhancing sustainable water management while driving economic growth. The signing of this term sheet marks an important step in formalizing the partnership and accelerating transformative water projects. 

Commenting on this key development, the Whole-time Director & Chief Growth Officer, Mr S. Varadarajan, said, “This step of signing the term sheet with strong global partners to establish the Municipal platform underscores our commitment to addressing global water challenges by leveraging cutting-edge technology and expertise. This initiative reflects our asset-light strategy, emphasizing partnerships that combine WABAG’s technical excellence with the financial strengths of our collaborators to accelerate impactful and sustainable water solutions.”

Conclusion

WABAG remains committed to its core focus on the water sector, fostering innovation and long-term financial partnerships. Further updates will be shared as the platform progresses toward definitive agreements.

On March 21, 2025, WABAG share price opened at ₹1,398.95, up from its previous close of ₹1,383.90. At 9:48 AM, the share price of WABAG was trading at ₹1,481.15, up by 7.03% on the NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.