Ola Electric founder Bhavish Aggarwal announced on Tuesday, August 11 that the company will reveal exciting product details on August 15. According to reports from NDTV Profit, Aggarwal stated on social media platform X that there is 'a lot more to share about Ola Energy and the products we have in the pipeline and some exciting launches!' The announcement comes as the EV company shifts from traditional physical events to online announcements for Independence Day.
The announcement follows Ola Electric's recent signing of a memorandum of understanding with Axis Energy Ventures India Pvt. Ltd. to deploy 20 GWh of Battery Energy Storage Systems (BESS) by 2032. As reported by NDTV Profit, BESS refers to large-scale battery systems that store electricity and release it when required, helping improve grid stability and support renewable energy integration. This marks the first partnership under Ola Mahashakti, the company's initiative to build battery storage infrastructure in India.
Unlike previous years, Ola Electric will not hold a physical event this year and is set to make announcements online. According to the company's statement, this represents a shift in their approach to product launches. The virtual format allows for broader accessibility and potentially larger audience reach compared to traditional physical events.
The Milky Mist Dairy Food Ltd. IPO has been booked 50% as of Day 1 with mixed investor response across categories. As per NDTV Profit, Qualified Institutional Buyers are subscribed at 0.02 times, Non-Institutional Investors at 0.57 times, Retail Individual Investors at 0.74 times, and Employee Reserved portion at 1:57 times. The IPO, priced at ₹133-140 per share, has a total issue size of ₹1,553 crore and is expected to list on BSE and NSE on August 18. With the upper price band of ₹140, the estimated listing price is ₹161, representing a 15% expected gain per share.
