LIVE: Ola Electric’s IPO receives $2 billion worth of bids from big institutions | India News

LIVE news updates: Ola Electric received more than $2 billion worth of bids for $330 million quota reserved for big institutions for its much-awaited IPO, a source with direct knowledge of the matter told Reuters. SBI and HDFC Mutual Funds were allocated shares worth $30-$36 million each, while Nomura and Norges Bank were allocated $24 million each, the source added.

HDFC Life gets order for tax demand at Rs 11.8 million.

GST gross collections rise 10.3 per cent in July to over Rs 1.82 trillion, according to government data.

Tata Motors net profit rose 74 per cent on-year to Rs 5,566 crore from Rs 3,203 crore, beating street expectations. 

A Delhi court has denied anticipatory bail to Puja Khedkar, the former IAS probationer  who was facing accusations of cheating and forgery. After the Union Public Service Commission (UPSC) found her guilty of faking her identity to take the exam multiple times, Khedkar’s selection was cancelled and she has been barred for taking the entrance exam for life.

India is predicted to record above-normal rainfall in August and September, with a good chance of favourable La Nina conditions developing by the end of August, the India Meteorological Department (IMD) stated today.

The Supreme Court, by a 6:1 majority, held that states are empowered to make sub-classifications in SC, ST for quota. 

The torrential downpour, which saw parts of the city submerged under rainwater, has led to the death of seven people in Delhi-NCR, according to a report by NDTV.

Kerala Chief Minister Pinarayi Vijayan will chair an all-party meeting in Wayanad district on Thursday as various agencies and armed forces continue search and rescue operations in landslide-affected areas. As of Wednesday night, the disaster has claimed 167 lives, with 191 people missing and over 200 injured. Authorities have identified 100 of the deceased. Rescue efforts enter their third day, with army, navy, and coast guard teams conducting detailed searches at Attamala, Mundakkai, and Chooralmala. Each team will be accompanied by a dog squad.

Leader of Opposition in the Lok Sabha Rahul Gandhi and Congress leader Priyanka Gandhi Vadra today headed to Wayanad to take stock of the situation in Kerala constituency. Two massive landslides struck Mundakkai and Churalmala in Wayanad in the early hour of July 30, causing extensive destruction. Rescue operations are being intensified, political leaders are engaged in discussions, and financial aid is being mobilised for the region. Rahul Gandhi and Priyanka Gandhi were initially set to visit Wayanad on Wednesday morning, but the authorities informed them that they would not be able to land due to incessant rain and adverse weather conditions.