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  1. Business News Wrap, November 26: Ola's new EV range, Adani clarifies TotalEnergies pause, and more

Business News

Business News Wrap, November 26: Ola's new EV range, Adani clarifies TotalEnergies pause, and more

Upstox

3 min read | Updated on November 26, 2024, 19:20 IST

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SUMMARY

Business News Wrap, November 26: From Ola Electric launching EVs for gig workers to Adani Green addressing TotalEnergies’ investment pause, catch the latest stories shaping the business world today.

ola ev gig workers scooters battery.webp

Ola plans to introduce 20 new EV models over the next two years.

Welcome to today’s Business News Wrap, your go-to digest for the top business stories making headlines. From Ola Electric unveiling EV range for gig workers to Adani Green addressing investment concerns amid controversy, we’ve got all the key developments you need to stay informed. Plus, updates on Warren Buffett's philanthropy, the passing of industry titan Shashikant Ruia, and the government’s ambitious PAN 2.0 project. Let’s dive in!

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Ola Electric unveils new EV range for gig workers, S1 Z models with portable battery

Ola Electric has launched four new electric scooters—Ola Gig, Gig+, S1 Z, and S1 Z+—targeting both personal and commercial use. It also introduced the Ola PowerPod, a portable battery solution designed for home use. CEO Bhavish Aggarwal emphasized affordability and reliability as key pillars for accelerating EV adoption. However, the announcement comes amid scrutiny over the company's after-sales service and product standards, with the Bureau of Indian Standards expected to release an investigation report soon. Read more...

Adani Green clarifies TotalEnergies' investment pause amid bribery charges

Adani Green Energy addressed TotalEnergies' decision to halt new investments due to bribery allegations against Adani Group executives. The company assured stakeholders that there’s no material impact on its operations or growth plans. TotalEnergies holds minority stakes in Adani Green and reiterated its zero-tolerance policy on corruption. Shares of Adani Green closed 7.626% lower despite the company's assurance. Read more...

Warren Buffett donates $1.1 billion in Berkshire stock, details succession plan

Warren Buffett has donated $1.1 billion in Berkshire Hathaway stock to four family foundations, continuing his commitment to philanthropy. The 94-year-old also outlined his succession plan, tasking his three children with managing his fortune while designating younger trustees for future oversight. Buffett reiterated his belief in empowering but not over-indulging heirs, ensuring his wealth benefits society for decades to come. Read more...

Essar Group patriarch Shashikant Ruia passes away at 80

Shashikant Ruia, co-founder of the Essar Group, passed away at 80. Known for his transformative contributions to India’s corporate landscape, he co-founded the group in 1969, expanding it into steel, power, and telecom sectors. Tributes poured in, including one from PM Modi, who highlighted Ruia’s visionary leadership and philanthropic spirit. Read more...

PAN 2.0: QR-enabled cards, unified systems, and zero cost for upgrades

The government has approved the PAN 2.0 project to modernise India's tax identification system. The initiative introduces QR-enabled PAN cards, a unified online portal, and enhanced cybersecurity features, ensuring faster and eco-friendly services. Existing PAN holders won’t need to reapply, and the new cards will be issued free of charge. The rollout timeline is yet to be announced. Read more...

That’s all for today! Stay tuned for tomorrow’s wrap of the top business updates.

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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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