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Mumbai, September 4, 2024: In a significant effort to bolster healthcare services in Meghalaya, the India Tourism Development Corporation (ITDC) has dedicated a fully-equipped ambulance to Nongpoh Civil Hospital in Ri Bhoi District. This initiative aims to improve the hospital’s capacity to provide timely and effective medical care to the local community, particularly for remote outreach in the district.

The Ambulance handing over ceremony was led by Dr. Manan Kaushal, Independent Director of ITDC and graced by Shri Abhilash Baranwal, IAS, Deputy Commissioner of Ri Bhoi District, Government of Meghalaya. ITDC’s contribution underscores its commitment to enhancing healthcare facilities, reaffirming the corporation’s dedication to social responsibility.

Dr. Manan Kaushal, Independent Director of ITDC emphasized the critical role that corporate entities can play in supporting public health initiatives. He noted that the dedication of the ambulance is a significant step towards improving emergency medical services in Ri Bhoi District, ensuring better access to healthcare for its residents. This initiative is part of ITDC’s broader mission to contribute positively to the well-being and development of communities across the country, with a focus on areas where the need is most pronounced.

Bengaluru, 4th September 2024: Shri Priyank Kharge, the Hon’ble Minister of IT & Bt, Rural Development & Panchayat Raj, Govt. of Karnataka chose to travel by Bengaluru’s Namma Metro on the Purple Line today. The Minister journeyed from Vidhana Soudha Metro Station to Whitefield Metro Station to attend the Nasscom Design and Engineering Summit 2024. During the 40-minute ride, he interacted with fellow passengers and gained valuable insights into their daily public transportation experiences in the city.

Mumbai, 4^th September 2024: Godrej Vikhroli Cucina, the culinary owned media property of the Godrej Industries Group, in partnership with renowned celebrity Chef Ajay Chopra, is on a mission to transform your nugget experience. Introducing the “Nibbler’s Guide to Nugget Nirvana”, a comprehensive manual to unravel the secrets to crafting the perfect nugget while avoiding common mistakes, featuring Godrej Yummiez Chicken Nuggets.

Chef Chopra shares his expert tips for elevating the nugget experience:

• Skip the thaw: Cook nuggets straight from the freezer for the crispiest bite.
• Master the oil: Use about half an inch of oil in a pan and ensure it’s hot (but not smoking) before adding nuggets. If its too hot it will burn your nuggets and if it is not hot enough, then the nugget becomes greasy
• The Temperature Hack: Dip a chopstick or a wooden spoon, if it starts bubbling then your oil is ready
• Perfect the timing: Cook for 3-4 minutes on medium heat, flipping halfway through, until golden brown and crispy.
• Embrace the air fryer: For a healthier option, air fry frozen nuggets at 400°F for 8-10 minutes, flipping halfway through.

This guide further adds Chef Ajay Chopra’s top 3 picks for dips beyond the ketchup like guacamole, creamy ranch, and sweet chili sauce. The Nugget Nirvana guide also focusses on the common issues in most households- left over meals. It comes with 2 creative recipes which repurposes leftover dal or gravy with crispy nuggets for innovative meals.

“People often forget how versatile nuggets can be. Through this guide, I want to inspire people to approach nuggets with a fresh perspective. Something as simple as oil depth or temperature can make or break your dish. It can be frustrating comparing the home fried nugget to something your order and it all comes to how you fry it. Smoking point is key, the same varies from oil to oil and one can’t possibly memorize those and stand at the stove with their kitchen thermometers every time you are craving a quick and simple nibble.  This short and simple guide will give you the hacks that don’t require complicated tools and help everyone avoid the common pitfalls. This isn’t just restricted to nuggets, frying like a pro is not rocket science.” says Chef Ajay Chopra.

The guide goes beyond basic cooking instructions. It delves into the science behind nugget cooking, explaining why certain methods yield better results. By following Chef Ajay’s guidance, you’ll avoid common pitfalls and achieve consistent perfection with every batch.

For more captivating details about this guide scan the QR code and discover how to make every nugget meal an intriguing experience!

Ganesh Chaturthi is a time of joy, celebration, and devotion. Ganpati idols are brought home, and pandals are decorated with all sorts of themes. People visit each other, holy and divine prayers are offered to Lord Ganesha, and good wishes and blessings are shared by everyone in the family. Let’s not forget about you grabbing every opportunity to savor soft and melt-in-mouth modaks.

In this festive atmosphere, give your loved ones a gift that treats all five senses (smell, touch, sight, taste and hearing) by gifting them a thoughtful and personal gift.

Spoiler alert: It’s not your average sweets, snacks, chocolates, or dry fruits, which is an old-time thing now; it’s 2024 and people are switching to hair growth products (hello!).
Let’s explore right now!!

1. Soulflower Lavender Self-care Gift Hamper:

Your loved ones deserve a pleasant relaxation that calms the mind and body with self-care essentials made with ingredients grown on Soulflower’s own farms in Rajasthan. The gift set has to be your sure shot way to make them feel truly special and cared for. The gift hamper includes: –

• Bath salt: Add 3 spoons of the bath salt to warm water and mix well. Settle in and soak your body or feet into the warm water.
• Lavender Soap: The soap is made with pure lavender essential oil and, castor and coconut oil for gentle moisturizing. Rub between hands to create a rich lather and apply generously on face and body. Use daily for best results.
• Aroma oil: After a relaxing bath, spray lavender aroma oil on your curtains or cushions for peaceful and uninterrupted sleep.
• T-candles (2): Soft glow with long-lasting aroma encourages healthy-breathing.
• Massage oil: Before your bath to help your skin release stress. Massage gently and thoroughly.
• Loofah: It’s made with 100% natural plant fiber that doesn’t catch fungus and gently exfoliates without leaving skin irritated and inflamed.

2. Soulflower’s Rosemary Gift Hamper for Hair Growth:

What’s more special and thoughtful than a gift of healthy, growing hair? Yes, that’s exactly what the Rosemary gift hamper does. It’s specially curated to give your loved one’s great hair. Here’s what you’ll get in this gift hamper: –

• Rosemary Essential Oil: Contains 100% pure, natural, undiluted Rosemary with clinically proven hair growth efficacy.
• Rosemary Lavender Healthy Hair Oil: Scientifically formulated with active ingredients like Rosemary, Lavender, Amla, Castor and more to control hair fall, makes hair 2.6x stronger hair and nourishes scalp.
• Rosemary Redensyl Hair Growth Serum: 4-5 pumps a day on scalp for 10.200+ new hair in 90 days. The serum is enriched with Anagain, Redensyl and Melanogray to help control hair fall and prevent premature greying.
• Rosemary Tea Tree Shampoo: Makes hair 13.3x stronger and tackles growth of dandruff-causing fungus; cleanses scalp without leaving it dried out.
• Rosemary Argan Conditioner: Packed with Argan Oil, Rosemary, Lavender and Avocado to promote volume and reduce dryness and dullness.
• Rosemary Water with Mint: Whenever you don’t feel like oiling your hair, just a few spritzes on hair will make your hair 10.6x stronger, frizz-free, shiny and smooth. Daily usage recommended.

3. Soulflower Glow Like No Other Gift Hamper:

Get healthy and glowing skin by Ganesh Chaturthi with our luxurious skin care gift set. Featuring a blend of vitamins, antioxidants and botanical extracts, this collection helps brighten, hydrate and rejuvenate your skin. The hamper contains: –

• Orange Carrot Soap: Vitamin C-enriched soap to nourish and brighten skin; abundant snowy lather; long-lasting fruity and sweet aroma for a refreshing start to your day.
• Kumkumadi Face-wash: Gives you fresh, scar-free and radiant skin without leaving skin dried out.
• Broad Spectrum Sunscreen SPF: 50+ SPF protection against harmful UVA and UVB rays. So go out in the sun without worrying about it!
• 20% Vitamin C Face Brightening Serum: Get a festive glow with the unique, lightweight serum for soft and plump skin.

4. Soulflower Vitamin C Brightening & Protecting Gift Hamper:

Say hello to brighter and youthful skin! The gift box is specially curated to make them go “wow”. It’s perfect for everyone, men or women, after all, who doesn’t love to pamper their skin. It is packed with the goodness of Vitamin C. The gift set includes: –

• Ceramide Face Gel Moisturizer: Fast-absorbing moisturizer protects your skin barrier and provides 24-hour hydration to skin.
• Hyaluronic Invisible Sunscreen: SPF 50+ PA++++ protection to protect skin from UV rays for up to 6 hours.
• Ubtan Face Mask: With multani mitti, papaya and sandalwood to brighten skin tone, draw out impurities and reduce painful acne bumps.
• Vitamin C Serum: To boost collagen, fade acne scars and reduce fine lines and wrinkles.

5. Soulflower Try Me Gift Set:

Not sure which products to choose? Souflower’s “Try Me” gift sets offer a variety of options to explore and discover your favorites. From hair care to skincare, these sets are perfect for trying new products and finding your ideal routine.

6. Soulflower Aromatherapy Gift Box:

Infuse the feelings of joy, purity and good luck with the range of aroma oils, including exquisite flavors like Rajnigandha, Orange, Jasmine and White Oudh, along with our very own signature scents like Aqua Forest, Soulgreen and Love is in the Air, among others. This will certainly light up the recipient’s face with absolute joy.
You can use a ceramic diffuser, an electric diffuser or mix 4-5 drops of the aroma oil with 100 ml of water and spray it on curtains, pillows and other areas of a room.

7. Soulflower Pooja Oil + Agarbatti Combo:

For a blissful, divine prayers and pooja experience, add this combination of Kesar and Sandalwood Puja Oil and Incense sticks (Rose, Sandalwood, Kesar, Mogra).

There you have it! When you visit your relatives, friend,s or neighbors, get them a gift that shows your admiration, respect, and love towards them. Because nobody goes ‘Khaali Haath’ when one is visiting their loved ones. This Ganpati stands out and makes a lasting impression with our range of thoughtfully curated and designed gift sets containing products made with ingredients grown fresh on Soulflower’s farm in Rajasthan.

BenQ Group’s Unwavering Commitment to Sustainability, ESG, and Progress Toward RE100 Has Been Reaffirmed with Two Sustainability Action Awards and Consecutive COMPUTEX ISO Certification

BenQ Group (BenQ), an advocate of the RE100 initiative aiming for net zero emissions by 2050, announces that it has successfully implemented the ISO 20121 Event Sustainability Management System for the second consecutive time at this year’s COMPUTEX show. This makes BenQ the only participant at COMPUTEX to have achieved this feat. BenQ’s ISO 20121 implementation at this year’s COMPUTEX show is just one component of its holistic commitment to sustainability. The Group was also recently recognized for its sustainability advocacy with six awards at the 2024 Taiwan and Asia Pacific Sustainability Action Awards (TSAA and APSAA), including two gold-level awards.

“BenQ is a human-centric brand. What matters to people matters to us. We believe that technology, product designs, and everything else we do should address people’s needs and well-being,” said Conway Lee, President and CEO of BenQ Corporation. “We aim to continue delivering solutions and experiences that are of value to our customers and positively impact society and our environment.”

BenQ Group’s environmental and sustainability commitments are rooted in its pledge to the United Nations’ Sustainable Development Goals (SDGs) and the RE100 global initiative led by the Climate Group and CDP, which aims to achieve 100% renewable energy usage by 2050. With a mission of “Bringing Enjoyment ‘NQuality to Life,” BenQ strives to bring a better future to customers, consumers, society, and the planet we call home.

BenQ Group’s commitment to environmental sustainability is exemplified by its active participation in the RE100 initiative. This initiative aims to achieve 100% renewable energy usage by 2040 and net-zero emissions by 2050 and has seen BenQ Group collaborate with numerous partners and suppliers on carbon emissions reduction.

BenQ’s Two-Pronged Strategy Guides Its ESG Sustainability Efforts

Sustainable Product Lifecycles

As a significant component of its business, BenQ places importance on reducing its carbon footprint through its products via a comprehensive assessment of every stage of the product lifecycle. Whether helping customers go green by incorporating energy-saving features, reducing the use of raw materials for packaging, or incorporating more clean energy into the production process, BenQ stands firm in its commitment to reducing its carbon footprint to net zero by 2050.

Key Avenues for Achieving Sustainability

From a larger corporate perspective, BenQ strives to achieve its ESG goals through three main avenues: reducing energy consumption, optimizing raw materials usage, and manufacturing with clean energy.

BenQ’s Latest ESG Sustainability Efforts and Initiatives

At the corporate level, BenQ’s primary focus is assessing greenhouse gas emissions, implementing internal carbon pricing, adopting self-generated solar energy, verifying green energy purchases, setting carbon emissions reduction goals, implementing energy management strategies, and planning sustainable events.

From a product-level perspective, BenQ’s momentum in this category focuses on four main initiatives.

Product Design

Both the BenQ Board Pro RP04 and LCD/laser projectors feature power-saving Eco mode. The BenQ Board Pro RP04 offers advanced power-saving technologies, including power scheduling, ENERGY STAR®- certified Eco mode, sleep mode, and a real-time power usage dashboard, while BenQ’s LCD and laser projectors with the Next-Gen SmartEco technology save up to 62% of power.

Product Manufacturing

The BenQ Board 04 series is 9% lighter, reducing carbon emissions by 100 kilograms of CO₂ per device. BenQ SSI projectors are made with 50% of the post-consumer recycled materials. BenQ’s production process is also PAS-certified and validated for product carbon footprint. For example, the BenQ Board Essential RE7503A is recognized as the first interactive display to achieve ISO 14067 certification, which reduces the product’s carbon footprint throughout its lifecycle.

Packaging

The BenQ Board RM8604 packaging is 35.2% lighter and uses recycled cardboard with a simplified logo to reduce ink use, and SSI projector packaging is 80% plastic-free.

Shipping

BenQ SSI projectors are 30% more compact, and the BenQ Board 04 series is also designed to be more compact. This results in a 25% reduction in transportation frequency, lowering the carbon footprint.

“Bringing Enjoyment ‘N Quality to Life” Through ESG Sustainability BenQ’s “Bringing Enjoyment ‘N Quality to Life” mission lies at the forefront of everything it does. This mission extends beyond products and services, including initiatives that benefit society and the environment. From enhancing inclusivity in education and work with smart classrooms and workplaces to addressing climate change through corporate and product-level initiatives, BenQ strives to be a proactive global citizen towards the RE100 goals.

By Barnaby Page, VP of IR & Cyber Risk at SentinelOne

Cybersecurity failures are alarmingly common among small and medium businesses (SMBs), making them prime targets for cybercriminals. Operating with minimal cybersecurity measures, often due to limited budgets, lack of expertise, or the naive mindset of “My company is so small, who would think to attack us?” small and medium businesses (SMBs) are a prime target. However, these failures are precisely what cyber thieves hope for as they continue to bombard websites with attacks and inboxes with increasingly sophisticated phishing attempts. According to recent reports, ransomware attacks have surged 261% against websites this year in India alone, often leaving insurance companies to foot the bill for a policy they underwrote.

This forces the average person to ask: How can organisations that continuously calculate risk have been caught off-guard by a cybersecurity blind spot? The core reason is a widespread lack of adequate defences, such as multi-factor authentication (MFA), insufficient employee training on phishing, immutable back-ups, and endpoint detection and response. Further, so many SMB clients moving to the Cloud presents a dizzying array of new configurations and best practices that are likely beyond a small company’s skill set.

Insurance Companies Calculate the Cyber Risk Profile

Insurance companies have recognized the growing risk posed by cyber threats and have responded by upping the minimum standard protection needed to qualify for a cyber policy. Insurers now demand robust cybersecurity measures, including authentication with multiple confirmation steps, such as sending a code to a trusted phone or email. They also require regular security scans, endpoint detection and response capabilities, and reliable, offline hard data backups.

The challenge is that insurance companies are not inherently equipped to assess and manage cybersecurity risks. Organisations that lack a trusted cybersecurity solution on their networks and endpoints are ill-protected and cannot generate the insights necessary for insurance companies to accept the policy risk. This outside-looking-in approach requires insurance teams to fill in the gaps and leaves too much room for uncertainty. It hinders the ability to respond quickly since the digital clean-up crew will first have to reconstruct what exactly the system was like before the breach. At the same time, the lack of adoption of a proper security stack leaves much room for insurance companies to change today’s security landscape.

An Insurance and Cybersecurity Partnership

In the 20th century, building owners were reluctant to install costly sprinkler systems to extinguish contained fires before spreading to other areas. Having lost far too much on paying out claims for people who lacked proper protection, they stopped underwriting policies for buildings that failed this critical safety measure. Sure, it helped keep people safe, but this fiscal move protected countless residents from harm.

Insurers typically rely on third-party cybersecurity firms to contain the damage, recover compromised data, and evaluate the impact when a breach occurs. This reactive approach is costly and inefficient, leading insurance companies to bleed money to cover the extensive damages from cyber incidents. We are now at a breaking point where underwriters need to switch from an outside-looking-in approach to a more transparent inside-looking-out vantage point, where companies send over relevant insights.

Making this a reality lies in fostering a partnership between insurance companies and cybersecurity firms. By aligning efforts, these entities can create a robust ecosystem aimed at preventing cyber attacks while protecting sensitive data. Such a partnership can invigorate the approach to cybersecurity and insurance, ensuring that both sectors work towards a common goal of risk mitigation and data security.  Healthcare companies are already employing the FitBit for telemetry and other monitoring systems that can keep healthcare costs in line.

One security standard that is widely accepted by insurance companies is the Center for Internet Security’s Critical Security Controls (CIS18). These controls provide a comprehensive framework for securing a company’s networks and systems. By referencing theCIS18 as best practice, insurance companies can ensure that SMBs implement industry-standard cybersecurity measures. This alignment offers several benefits:

1. Standardised Security Assessments: By assessing an organisation’s data, insurers can assess where they are and develop a timeline of how to strengthen the company’s security over the next 12 months, moving them in the right direction.
2. Transparent Data Sharing: Insurance companies can gain access to detailed reports on SMBs’ cybersecurity postures, enabling more accurate risk assessments and tailored policy offerings. This can be done via data sharing.
   As a result, the insurer can accurately assess the risk level and determine appropriate coverage options while the business gains valuable insights into areas needing improvement.
3. Enhanced Coverage and Discounts: Businesses that meet a heightened level of cybersecurity may be eligible for policy discounts and other benefits, such as higher limits, lower deductions, or no co-insurance requirements.
4. Resource Efficiency: With standardised security measures in place, the renewal process for cyber insurance policies can become more streamlined, reducing administrative burdens for both insurers and SMBs.

Instead of undergoing a lengthy renewal process based on forms and interviews companies can automatically share data from their systems, which reduces the amount of questions the insurers need to ask. This streamlined process reduces administrative burdens and allows insurers to quickly renew policies for businesses and improve their book of business.

A Secure Future with Controlled Ransomware Threats

The integration of cybersecurity and insurance efforts represents a rare business win-win-win scenario. Insurance companies benefit from reduced claims and financial stability, SMBs gain better protection and access to comprehensive insurance coverage, and end-users enjoy enhanced data security. By embracing this collaborative model, the industry can pave the way for a more secure and resilient digital future.

Mahabaleshwar, 09^th August 2024: Long weekends offer a perfect opportunity to take a much-needed break from the daily hustle and enjoy a quick getaway for rejuvenation. Courtyard by Marriott Mahabaleshwar, looks forward for an engaging and invigorating independence weekend with an exclusive offer between August 14 till 19, 2024 that promises a perfect blend of luxury, relaxation, and festive spirit amidst the serene landscapes of Mahabaleshwar.

Embark on a culinary journey with meticulously crafted meals for an unforgettable gastronomical experience. To ensure all guests revel in the spirit of freedom, the hotel will be hosting two Independence themed brunches that resonates the flavour of India on August 16 and 18 respectively.

A host of other inclusions are also offered for the comfort of the guests including

• Complimentary Buffet Breakfast
• Curated Dinner at a designated venue
• Minibar inclusive once during stay
• Monsoon special evening tea / coffee at a designated venue (4pm – 5pm)
• 15 % Discount on Spa
• INR 1500 Hotel Credit Per Stay
• Daily kids culinary masterclass
• Kids under 12 years, stay and dine for free
• A host of planned activations at the hotel to engage the adults and kids

Whether seeking a serene retreat, an exciting family vacation, or simply an opportunity to indulge in exceptional cuisine and relaxation, Courtyard by Marriott Mahabaleshwar invites guests to celebrate this Independence weekend in a unique and luxurious way.

Book your stay today and discover the perfect blend of luxury and celebration at Courtyard by Marriott Mahabaleshwar.

• Booking Link: https://bit.ly/3ypiiF6
• Booking Number: +91 96997 68360
• www.courtyardmahabaleshwar.com

Rohde & Schwarz further strengthens its oscilloscope portfolio by introducing the industry’s first ASIC-based zone triggering. With this new approach, the MXO series can offer the world’s fastest zone trigger update rate of up to 600.000 waveforms per second and less than 1.45 us blind time between trigger events. It is up to 10 000 faster than competitive zone triggering offerings. Thanks to the new ASIC-based zone triggering, MXO oscilloscopes can precisely isolate events where traditional triggering does not provide the needed flexibility.

Caption: Zone triggering used to trigger on a specific RF chirp length in the time domain and when the chirp exceeds a certain power level in the frequency domain.

Rohde & Schwarz has developed the industry’s first ASIC-based zone triggering, implemented in the new MXO series oscilloscopes. This new functionality enhances the oscilloscopes’ ability to precisely isolate events that are difficult or impossible to detect with traditional oscilloscope triggers. Furthermore, the MXO zone trigger implementation is the industry’s fastest, surpassing others by several orders of magnitude.

Traditional oscilloscope trigger types – such as edge triggering – are often difficult to set up and/or inadequate to visualize certain trigger events. Zone triggering, on the other hand, allows users to specify trigger conditions by drawing one or more zone areas on the instrument’s display. The oscilloscope then inspects each acquisition for these conditions and shows the acquisitions on the display for events that meet the graphical conditions. If an event does not meet the graphical conditions, the waveform is discarded and not shown. Zone triggering can be very effective for triggering on non-monotonic edges, serial bus patterns, math waveforms, events across multiple channels, and events in the frequency domain. For these use cases traditional oscilloscope triggers simply do not work. The new zone triggering from Rohde & Schwarz is the world’s first ASIC-based solution that works on analog channel signals, math and spectrum.

Philip Diegmann, Vice President Oscilloscopes at Rohde & Schwarz, says: “The next-generation MXO-EP processing ASIC technology developed by Rohde & Schwarz is the foundation of the breakthrough signal visibility and user responsiveness of the MXO series. The chip design was laid out to have further hardware acceleration capabilities enabled down the road. This way we keep providing new functionalities to our oscilloscope customers never before seen in the industry. With MXO zone triggering, users obtain additional triggering capabilities without having to incur significant trigger blind times that historically have diminished the value of software-based zone triggering solutions.”

With the MXO zone triggering, users testing and debugging in the frequency domain using an oscilloscope can now draw specific zone areas. The oscilloscope will then trigger or activate when a certain tone exceeds a set power level within these zones. Or users can simply draw a zone for RF chirps or pulses. New to the industry is the MXO’s free run mode, where the oscilloscope captures as fast as possible without looking for an edge trigger event. Combining this with zone triggering can be very effective for power integrity measurements and EMI debug.

MXO zone triggering incorporates a new feature previously not found in the market: the ability to exclusively store waveforms in real time that match zone trigger criteria. This functionality enables users to exclusively focus on specific events relevant to their application.

Rohde & Schwarz offers the new ASIC-based zone triggering functionality as a standard feature for all MXO 4, MXO 5, and MXO 5C series oscilloscopes, beginning with version 2.2 firmware. The firmware is available as a free download on the web. Existing MXO users can update their instruments for free.

For more information visit www.rohde-schwarz.com/product/MXO5 and www.rohde-schwarz.com/product/MXO4.

National, August 6, 2024: Shriram Life Insurance Company (SLIC) has set up a special claims helpdesk to expedite the claim settlement for the families affected by the tragedy in landslide-hit Wayanad, Kerala.

During this hour of need, Shriram Life is committed to support affected families for claims settlement. For any assistance, one can reach out to Mr. Venkata Narasimha Naidu at 9121109249 or 18001036116. Instructions have been given out to field officials of SLIC to settle claims without inconveniencing the family members of the bereaved.

The company extends its deepest condolences to all those impacted by this tragedy.

On July 30, multiple landslides hit villages in Wayanad, resulting in over 300 fatalities and approximately 180 individuals reported missing, according to state health authorities. Rescue operations are in progress, with 53 relief camps established in the region.

Chennai, 06.08.24: The Rs 6,145.56 crore Initial Public Offering (IPO) of Ola Electric Mobility Limited was subscribed 4.26 times on the final day of bidding.

The issue received bids of 1,98,14,05,530 shares against the offered 46,51,59,451 equity shares, at a price band of ₹72-76, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion was subscribed 5.31 times. Retail Portion and Non-Institutional Investors Portion were subscribed 3.85 times and 2.39 times respectively, whereas Employee Portion was subscribed 11.66 times.

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, BofA Securities India Limited, Goldman Sachs (India) Securities Private Limited, Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, and BOB Capital Markets Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.

Company Information

Ola Electric manufactures EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Its business focuses on capturing the opportunity arising out of electrification of mobility in India and also to export its EVs in select international markets in the future. It commenced the delivery of its first EV model, the Ola S1 Pro, in December 2021, followed by delivery of Ola S1 in September 2022, the Ola S1 Air in August 2023 and the Ola S1 X+ in December 2023.

Within nine months of delivering its first EV scooter in December 2021, it became the best-selling E2W brand in India in terms of monthly E2W registrations on the VAHAN Portal of Ministry of Road Transport and Highways (“VAHAN”) according to the Redseer Report.

Ola’s business model comprises of its R&D and technology platform with in-house design and development across EV technologies and components, adaptable manufacturing and supply chain platform, and D2C omnichannel distribution platform. Its model is vertically integrated across R&D and technology, manufacturing, supply chain, sales and service, and charging facilities.

The current EV scooter Generation 2 platform is the base for the Ola S1 scooter models – Ola S1 Pro, Ola S1 Air, Ola S1 X+, Ola S1 X (2 kWh) and Ola S1 X (3 kWh). It plans to replicate the platform approach for its recently announced motorcycle range which comprises four models – Diamondhead, Adventure, Roadster and Cruiser.

Ola has a Futurefactory, Gigafactory and a Battery Innovation Centre in Bengaluru, whereas it is in the process of building its EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu.