Bangalore: Ola Electric, helmed by the flamboyant, IIT-educated Bhavish Agarwal, has received the regulator’s nod to use its indigenously developed ferrite motor for its product line. The motor was certified following rigorous motor power tests as per the AIS 041 notifications by the Global Automotive Research Centre in Tamil Nadu. This marks the first time an Indian Original Equipment Manufacturer (OEM) has managed to design, develop and manufacture an electric motor that doesn’t rely on imported rare earths. Ferrite motors are generally not preferred for EVs, as designing one is quite challenging due to the less power generated, even though…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Hyderabad: US-based pharmaceutical major Eli Lilly has announced a $1 billion investment to set up its first manufacturing unit and quality hub in India, even as the company seeks to boost its production capacities in India despite US President Donald Trump’s threat of 100% tariffs on imported branded pharmaceuticals. The company is looking to set up a state of the art manufacturing plant in Hyderabad which will focus solely on its branded drugs, especially its highly popular weight loss drug Mounjaro. Eli Lilly, has, so far, depended on contract manufacturers to supply its medications in the country, and this investment…
Oslo, Norway: The first Nobel Prize for 2025 has been announced online, with three researchers- two American and one Japanese- sharing the prize for their groundbreaking discoveries challenging longstanding medical beliefs. BREAKING NEWS The 2025 #NobelPrize in Physiology or Medicine has been awarded to Mary E. Brunkow, Fred Ramsdell and Shimon Sakaguchi “for their discoveries concerning peripheral immune tolerance.” pic.twitter.com/nhjxJSoZEr — The Nobel Prize (@NobelPrize) October 6, 2025 Mary Brunkow, a Ph.D from Princeton University, along with Fred Ramsdell, a Ph.D from the University of California, Los Angeles, along with Shimon Sakaguchi, a Ph.D from Kyoto University, Japan, showed how…
Mumbai: Flipkart has divested its 6% stake in Aditya Birla Lifestyle Brands Ltd (ABABL) for around Rs.950 crore through a block deal. Flipkart had bought into Aditya Birla Fashion in 2020 as part of a partnership to improve its omni-channel capabilities. Now owned by Walmart, this could be a setback to the company, which needed Flipkart-Myntra’s wide appeal and reach to boost the brand’s sales. Though there isn’t any mention about the brand’s partnership post the divestment, it is clear that ABABL needs Flipkart’s support more than Flipkart needs the company’s brands. The Aditya Birla Group demerged its premium lifestyle…
Gold has cemented its status as a capital appreciation safe haven, especially as the global investors flock to the precious metal amid the US Government’s first shutdown in nearly seven years. Gold’s prices have risen to an all-time high of $3,910 per ounce on Friday, even as rumours about further US Federal Reserve’s rate cuts do the rounds. Following the the US Federal Reserve’s 25 basis points rate cut on September 25, cryptocurrency exchanges saw almost $1.65 billion worth of redemptions, lowering the overall market cap for cryptocurrencies by almost 4%. Recently, spot gold rates increased to $3,884.19 per ounce,…
Mumbai: Integrated eyewear brand Lenskart has received approval from the Securities and Exchange Board of India (SEBI) to raise Rs.2,150 crore through an IPO. According to the DRHP filed, the company aims to list on the bourses by November 2025, making this one of the most anticipated IPOs this year. The company will issue fresh equity shares worth Rs. 2,150 crore, along with an Offer For Sale (OFS) worth 13.2 crore shares led by marquee investors like Temasek, SoftBank, Premji INvest and Alpha Wave. Co-founder Peyush Bansal is also looking to sell 2.05 crore shares in the IPO. Currently, SoftBank…
Rajesh Singh (name changed), an engineering student in Ahmedabad, urgently needed a new pair of prescription glasses, on a budget. He searched online, and only one familiar name could be trusted-Lenskart. An IIM alumnus and a sharp-eyed, business-minded Marwari, Peyush Bansal has succeeded in eliminating the competition —and getting ahead of it. The eyewear market has been growing consistently in double digits over the years, partly due to a rise in vision correction prescription glasses and a rise in fashion trends. Now worth upwards of $6.24 billion, the market has seen many established brands over the years- Tata Eye Plus,…
Mumbai: Bajaj Healthcare Ltd. has received the Central Drugs Standard Control Organisation (CDSCO)’s Subject Expert Committee’s (SEC) nod to conduct the Phase III clinical trials for its Suvorexant tablets, a prescription drug used to treat insomnia. This move marks a significant step in the company’s formulation pipeline, indicating its intent to enter high growth therapeutic segments currently dominated by global heavyweights. During the Phase III trials, the drug will be evaluated for its safety, efficacy and tolerability in a diverse set of patients-the final step before the company can submit the drug to the regulator for commercial use. “We are…
In economics, commodities are described as those materials that humans will always need- it could be the fuel required to keep your lights on, the wheat in your bread, or even the milk in your coffee. These commodities can be limited in supply, with demand always increasing, making it a seller’s market. As an investor, buying into these commodities, either through ETFs or the companies that supply them, offers a consistent, dependable income that doesn’t sway between seasons, economic cycles or any other variations. And we’re not talking about gold. Crude Oil What makes it indispensable How would the world…
Ahmedabad/Surat: The Indian Meteorological Department (IMD) has issued an alert for parts of South Gujarat and North Maharashtra as Cyclone Shakti, the first post-monsoon cyclone this season, intensifies over the Arabian Sea. The cyclonic storm is expected to bring heavy rainfall, winds and rough sea conditions across the Western coast of South Gujarat and North Maharashtra till October 6. Gujarat, Maharashtra to be on alert According to the IMD’s latest forecast, coastal districts of Valsad, Navsari, Surat, Daman in Gujarat as well as Palghar and Raigad in Maharashtra have to be on alert. Wind speeds could increase from 68-88 kmph…
