Ola Electric’s shares nosedive after SoftBank trims stake

IANS | September 5, 2025 1:40 PM

New Delhi, Sep 5 (IANS) Shares of Ola Electric Mobility dropped nearly 8 per cent on Thursday’s intra-day trading session after Japanese investment giant SoftBank cut its stake in the electric scooter maker through open market deals.

Revenue of India Inc to go up 7 pc as GST cut spurs demand: Report

IANS | September 5, 2025 1:24 PM

New Delhi, Sep 5 (IANS) The revenue of India Inc. will likely grow 6-7 per cent during the current financial year because of the reduction in the goods and services tax (GST) rates. The reductions will have a positive impact on consumption, which accounts for 15 per cent of the revenue of corporates, according to a Crisil Intelligence Report released on Friday.

Indian stock market opens higher, Nifty above 24,700

IANS | September 5, 2025 9:47 AM

Mumbai, Sep 5 (IANS) The Indian benchmark indices opened higher on Friday, buoyed by transformative rate reductions announced by the GST Council across sectors as buying was seen in the auto, IT and PSU bank shares in the early trade.