Just Rs499 to book OLA EV🛵
Just Rs499 to book OLA EV🛵
WhatsApp bans 2Mn accounts, Zomato subscribed 5.07 times!
WhatsApp banned 2 million accounts in India in a month🚫
WhatsApp banned over 2 million accounts of Indian users between May 15 and June 15, as per the Facebook-owned company's first monthly transparency report. This compares to a global monthly average of about 8 million accounts banned/disabled per month, the company said.
"More than 95 percent of such bans are due to the unauthorized use of automated or bulk messaging ( or spam)," WhatsApp said. On Instagram, Facebook took action on nearly 5 lakh posts for adult nudity and sexual activity, and nearly 7 lakh posts for violent and graphic content during the period.
Just Rs 499 to book Ola electric scooter! 🛵
Ola Electric has finally opened bookings for its upcoming electric scooter. The scooter can be reserved for a refundable deposit of just Rs 499. Interested customers can book the electric scooter through the company’s official India website – olaelectric.com. The announcement comes days after Ola Electric raised $100 million in long-term debt from the Bank of Baroda.
The vehicle will boast the best under-seat storage in the market and access via mobile app and a segment-leading range (that should be 150 km on a single full charge). The launch of Ola’s electric scooter looks quite imminent and the EV is expected to be priced around Rs 1 lakh. The scooter will give a tough fight to Ather 450X and TVS iQube, which are currently among the best electric scooters on sale in India.
Hot Shorts ⚡
Just Dial share rose 4% today amid reports that Mukesh Ambani-led Reliance Industries is in talks to buy the search engine firm from its founding promoters for $800-900 million.
Inshorts, which operates an eponymous news app, raised $60 million in funding from Vy Capital with participation from existing investors. Inshorts pioneered the concept of 60-word news eight years ago and has users across all tier 1 cities of the country, it claimed.
Zomato share sale subscribed 5.07 times on day two🤯
Zomato Ltd's initial public offering (IPO) was subscribed 5.07 times on day two, with bids for 344.76 crore shares against 71.92 crore shares on sale, according to stock market statistics. The IPO is expected to be the largest in India since March 2020. Bids for 75.60 crore equity shares were received on the first day of trading on Wednesday.
The IPO size has been decreased from Rs 9375 crore to Rs 5,178.49 crore, giving Zomato a valuation of Rs 64,375 crore. It is being touted as the second-largest since SBI SBI Cards and Payment Services' Rs 10,341 crore IPO in March 2020. It will outperform the January offering by Indian Railway Finance Corp.
🚢 India's exports increased by 48.34% to $32.5 billion in June, marking the seventh straight month of growth, due to strong increases in shipments of petroleum products, gems and jewelry, and chemicals.
💲 During the April-June quarter, Rakesh Jhujhunwala aka ‘Big Bull’ purchased a 1.39 percent stake in the PSU company Steel Authority of India (SAIL), or 5,75,00,000 shares, according to shareholding patterns.
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