Yulu raises $93 million to meet the growing demand for e-bikes in quick-commerce. The company plans to expand its fleet to 200,000 bikes in two years, enhancing logistics with faster electric two-wheelers. This investment highlights the booming e-bike market and Yulu's commitment to sustainable transportation solutions.
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"Yulu is pedaling towards success with a hefty investment!"
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SGB 2018-19 Series VI premature redemption starts today, offering investors a 361% return as RBI sets the price at ₹15,102 per unit. Those who purchased bonds at ₹3,276 will benefit significantly, excluding the 2.5% annual interest. This lucrative opportunity highlights the strong performance of sovereign gold bonds in the market.
India's family businesses are now valued at $1.46 trillion, exceeding Saudi Arabia's GDP. Mukesh Ambani's family continues to lead as the richest in India. This remarkable growth highlights the economic power of family-run enterprises in India, showcasing their influence on both local and global markets.
Unconditional cash transfers for women in India aim to improve household welfare. Over 15 states have implemented these schemes, costing ₹2.68 lakh crores and benefiting nearly 120 million women. Monthly payments between ₹1,000 and ₹2,500 support financial independence and empower families, fostering economic growth and stability.
Glenmark Pharma's US subsidiary settles a $15.28 million antitrust case with Humana over generic drug pricing. This settlement addresses allegations of market allocation and anti-competitive practices in the pharmaceutical industry. The agreement aims to resolve concerns regarding fair pricing and competition in the generic drug market.