The Indian entrepreneurship success story will soon see one more company debuting on the public markets. Ola Electric, the electric vehicle (EV) company, has become the first such firm that has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for its initial public offering (IPO).

This is a fresh issue of equity shares of up to Rs 5,500 crore and an offer for sale (OFS) of more than 95 million equity shares at a face value of Rs 10.

The National Financial Reporting Authority (NFRA) has found deficiencies in the audit processes of BSR & Co, Deloitte Haskins & Sells, SRBC & Co, and Price Waterhouse Chartered Accountants (PwC) in its inspection report 2022, released on Friday.

In its firm-wide review of audit control systems of BSR & Co, the NFRA found the firm’s claim to being independent of KPMG India entities was unacceptable.

Commercial cooking gas (LPG) prices were on Friday cut by Rs 39.50 per 19-kg cylinder in line with softening international benchmarks.

However, the price of domestic LPG -- used in household kitchens for cooking purposes -- remained unchanged at Rs 903 per 14.2-kg cylinder.

Amid rising cases of Covid-19, Pune-based Serum Institute of India may soon sell vaccines against the new JN.1 variant in India. It is preparing to apply for licensing of the vaccine, a report by Moneycontrol said on Friday.

A spokesperson of the company was cited in the report as saying that the Serum Institute currently offers a vaccine against the XBB1 variant of Covid-19. It is "very similar" to the JN.1 variant. "In the coming months, we are aiming to obtain licensure for this vaccine in India," they said.

Shares of Tata Motors rose 3 per cent on the BSE to Rs 729.30 in Friday’s intra-day trade after stock exchanges granted the company 'no objection' to the cancellation of Tata Motors DVR shares.

"BSE and NSE granted their 'no objections' to the scheme of arrangement among Tata Motors and its shareholders and creditors for the cancellation of the entire ‘A’ ordinary share capital (DVR) and issuance and allotment of ordinary shares as consideration for such reduction of capital, " the firm said in a filing.

The central government has no plans to issue guidelines on travel restrictions, mask mandates, or booster shots, despite a steady rise in the number of Covid-19 cases in the country.

“The government will not issue any guidelines on mask mandates or booster shots. It is closely monitoring the situation," a senior official in the Ministry of Health and Family Welfare was quoted as saying by The Economic Times (ET).

The price of 24-carat gold remained unchanged during early trade on Friday, with ten grams of the precious metal selling at Rs 63,000, according to the GoodReturns website. The price of silver witnessed climbed Rs 700 with one kilogram of the precious metal selling at Rs 79,200.

The price of 22-carat gold was also unchanged at Rs 57,750.

The shares of Inox India made a strong debut on the bourses on Friday. The stock was listed at Rs 933.15, a 41.3 per cent premium to its issue price. The stock ended the session at Rs 940, a 42.4 per cent premium to its issue price. Post-listing, the company commands a market capitalisation of Rs 8,531 crore. Inox India priced its initial public offering (IPO) between Rs 627 and Rs 660 per share. The Rs 1,459 crore IPO was an offer for sale. The IPO was subscribed 61 times. The company had also raised Rs 438 crore from anchor investors.

Inox India is a supplier of cryogenic equipment.

As many as 84 per cent of Indian chief executive officers (CEOs) are raising new capital or re-allocating from other budgets to fund generative artificial intelligence (GenAI) so that they have an edge against rivals, said a report on Thursday.

Worldwide, 70 per cent of CEOs believe that there is a need to act quickly on GenAI to avoid giving their competitors a strategic advantage.

The Centre is gearing up to cover all the targeted beneficiaries of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) by January 26, a monumental job given that it entails bringing 270 million more people into the fold of its flagship health scheme, reported LiveMint.

The plan is part of the new guidelines provided to all central ministries and agencies in charge of various welfare schemes to speed up the "saturation" of beneficiaries, which means covering all intended individuals.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.