Rail Vikas Nigam (RVNL) shares jumped 6.1 per cent in trade on Wednesday (February 19, 2025), and logged an intraday high at Rs 354.25 per share on BSE. The buying on the counter came after the company received a letter of acceptance from Rail Infrastructure Development Company (Karnataka).

Ola Electric, India's largest electric scooter maker, on Wednesday announced it is renegotiating contracts with its vehicle registration agencies- a period during which actual sales will not be impacted but the registration numbers showing on the government's VAHAN portal may see a temporary blip.

In a stock exchange filing, Ola said it is discussing revising existing agreements with Rosmerta Digital Services Private Ltd and Shimnit India Private Ltd as part of a sales overhaul.

The ongoing correction in the equity market has weighed heavily on state-owned life insurer, Life Insurance Corporation of India (LIC), which has seen the total value of stocks held by it dip around Rs 84,000 crore in the past one-and-half months.

As of the December 2024 quarter, the value of LIC's holdings in listed companies stood at Rs 14.72 trillion.

The market correction in India since the last few months has seen shares of listed stock brokers on the National stock Exchange (NSE) tumble up to 70 per cent at the bourses.

While the Nifty 50 index has lost 9 per cent since September 18, 2024, scrips of most listed stock brokers, too, have felt the heat with counters such as TruCap Finance, Geojit Financial Services, 5Paisa Capital, Prime Securities.

India's first privately manufactured Polar Satellite Launch Vehicle (PSLV), being jointly developed by HAL and L&T, will carry a technology demonstration satellite (TDS-1) to test up to 35 new Indigenous technologies.

In an interview with the Times of India (TOI), Isro chairman V Narayanan revealed that the first privately manufactured PSLV is scheduled to launch in the third quarter of this year.

The US Department of Government Efficiency (DOGE), headed by billionaire Elon Musk, has yet again sparked controversy by claiming to have revoked $21 million in US funds originally designated to "boost voter participation" in India.

The statement has provoked sharp reactions, with Sanjeev Sanyal, a member of the Economic Advisory Council to PM Modi, criticising the USAID agency as the “biggest scam in human history”.

Haryana Chief Minister Nayab Singh Saini expressed confidence that India will achieve its goal of becoming a developed nation by 2047.

He emphasized that the country is on a fast track to emerge as the world's third-largest economy by 2029.

LG Electronics Inc. has started roadshows to meet potential investors in the initial public offering of its Indian unit, people familiar with the matter said.

The South Korean company has recently kicked off the process as it moves forward with the listing plans, the people said, asking not to be identified because the matter is private. LG plans a Mumbai IPO this year, Bloomberg News has reported previously.

Tesla Inc. is hiring in India, a sure sign it plans to enter the market shortly after Chief Executive Officer Elon Musk met Prime Minister Narendra Modi in the US.

The electric-vehicle maker sought candidates for 13 roles, including customer-facing and back-end jobs, according to advertisements on Monday on its LinkedIn page.

Launching a fresh attack on the BJP over its delay in announcing the chief minister and the cabinet for Delhi, the Aam Aadmi Party (AAP) on Monday said the saffron party has "no face" to run the government.

Addressing a press conference, senior AAP leader and Delhi's acting Chief Minister Atishi accused the BJP of lacking a credible leader to govern the national capital.

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