Big B reveals how his mother's influence turned him into 'angry young man'

Ola Electric’s share touched its lowest at Rs 86 apiece Tuesday before recovering a bit—a massive 43-35 per cent drop from its all-time high of Rs 157.40 a few days earlier. The stock made its public debut at Rs 76 apiece.

In a stock exchange filing, the EV company admitted that it has received a show-cause notice from the Central Consumer Protection Authority (CCPA).

“The Central Consumer Protection Authority has provided a timeline of 15 days to the company to respond to the show cause notice. The company will respond to the CCPA within the given timeframe with the supporting documents,” said the EV company.

According to the show-cause notice, Ola Electric “appears to be in violation of several provisions of the Consumer Protection Act, 2019.”

It took serious note of the complaints by consumers related to manufacturing defects, partial or no refunds on booking cancellations, recurring defects despite servicing, overcharging, inaccurate invoices, and multiple issues with batteries and vehicle components.

The National Consumer Helpline, operated by the Department of Consumer Affairs, received 10,644 complaints since September last year related to Ola Electric.

Nidhi Khare, Secretary, Department of Consumer Affairs, said: “The CCPA is looking into a large number of complaints about Ola Electric, mainly related to service inefficiencies.”

“We hope the company addresses these concerns promptly and resolves the issues faced by consumers,” she mentioned.

Meanwhile, aggrieved customers continued to flood social media platforms, sharing their plight with hardware and software issues with its flagship electric two-wheeler.

“Even after the big announcement in service expansion, service centres are working the same. I delivered my scooter to Ola 3 weeks ago and received it last Saturday after completion of repair. Though it’s not properly fixed, OLA asked me to book RSA under my cost. I regret my decision to buy this scooter in 2022 even without a review. @bhash check yourself on this to understand what is going on,” posted an angry user on X.

Another commented: “Ola scooters, at their core, are poorly engineered products. People got carried away by the design aspect. The OLA updated 2.0 platform has taken away any repairability in the product and replacement is the only way for even minor issues. How is any of this GREEN?”

(IANS)

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The BJP was leading in 43 seats, the Congress in 42, the INLD in two seats and Independent candidates were ahead in three seats.

The prospective chief ministerial faces of both the parties -- Nayab Singh Saini of the BJP and Bhupinder Hooda of the Congress -- were leading with a comfortable margin on their respective seats.

Several exit polls have predicted a Congress victory in Haryana which recorded a voter turnout of 67.90 per cent. However, the BJP has claimed it will return to power for a third consecutive term in Haryana.

The BJP is aiming for the third consecutive term and the principal Opposition Congress is predicting a comeback in Haryana.

The counting of votes for the 90-member Assembly commenced at 93 counting centres in all 22 districts. Two counting centres each have been set up for the Badshahpur, Gurugram and Pataudi Assembly constituencies, while one counting centre each has been established for the remaining 87 Assembly constituencies, said Chief Electoral Officer Pankaj Agarwal.

To monitor the counting process, 90 counting observers also have been appointed by the Election Commission of India.

Agarwal said 30 companies of Central Armed Police Forces have been deployed at all counting centres that have been put under a three-tier security cover. Central security forces have been deployed in the innermost security cover. After that, state-armed police and district police personnel will be deployed in the outermost cover. Around 12,000 police personnel are on duty.

He said adequate checkpoints have been set up within 100 meters of each counting centre. CCTV cameras have been installed where the electronic voting machines (EVMs) are stored to closely monitor all activities.

Unauthorised individuals will be restricted from entering these areas. Additionally, CCTV cameras have been installed at the main entrance and throughout the entire premises of the counting centres to ensure comprehensive monitoring.

He said accurate information on each round of counting will be uploaded in a timely manner.

A total of 67.90 per cent of voting took place in the election on October 5. The highest -- 75.36 per cent -- was recorded in the Sirsa district and the lowest -- 56.49 per cent -- was recorded in the Faridabad district. Constituency-wise, the highest 80.61 per cent voting was recorded in Ellenabad and the lowest 48.27 per cent voting was in Badkhal.

A majority of exit polls predicted the Congress would wrest power from the BJP in Haryana after remaining in opposition for 10 years. The Congress, which carried a high-decibel campaign under former Chief Minister Bhupinder Singh Hooda, is predicted to win 49-55 seats in the 90-member House.

However, predicting a historic win for the third consecutive term, Chief Minister and BJP candidate from Ladwa Assembly seat, Nayab Singh Saini, said they do not need any alliance as they would form the government on their own.

Besides, two-time Chief Minister Bhupinder Hooda, the front-runner for the chief ministerial post, expressed confidence in the party forming a government in the state with a "thumping majority".

The Arvind Kejriwal-led Aam Aadmi Party (AAP), Jannayak Janata Party (JJP) and the Indian National Lok Dal (INLD) are also in the fray. Many Independents, mostly BJP rebels, have made the contest multi-cornered on several seats.

The BJP's vote share in the October 2019 Assembly election was 36.49 per cent when the party could not cross the halfway mark in the 90-member Assembly and stitched a post-poll alliance with the JJP.

The Congress registered over 15 per cent rise in its vote share in 2024 in comparison to the 2019 Parliamentary election vote share.

(IANS)

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Nifty and Sensex showed mixed openings, with the Nifty 50 index recording a marginal gain of 36 points or 0.15 per cent, opening at 24,832.20 points, while the Sensex index opened at 80,826.56 points, registering a decline of 223.44 points or 0.28 per cent.
Experts noted that geopolitical pressure and the continued shift of foreign investment from India to China have added to the selling pressure on Indian equities.

"Market has turned weak responding to negative cues from escalating geopolitical tensions in the Middle East, massive FPI selling and concerns surrounding the election results due today. The most important trigger which pulled the Nifty 5.6 per cent down from the peak has been the sustained big FPI selling during the last six trading days" said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

In the sectoral indices, Nifty Private Bank led the gains with a surge of 0.55 per cent at the opening session, and Nifty Bank also rose by 0.5 per cent, while Nifty FMCG, Nifty Media, and Nifty Metal faced selling pressure.

Among the Nifty 50 stocks, 20 opened in advance, 26 declined, and 4 remained unchanged.

Foreign Portfolio Investors (FPIs) have sold equities worth Rs 50,011 crores during the last six trading sessions, which has been more than offset by Domestic Institutional Investors (DII) buying Rs 53,203 crores. Despite this, the market has corrected by 5.6 per cent due to weak sentiments.

Experts also noted that there are enough indicators to suggest that FPIs have been following a 'Sell India, Buy China' strategy. Elevated valuations in India and cheaper valuations for Chinese stocks have triggered this shift in FPI strategy.

"The Nifty index on Monday closed at the crucial support level of 24,800, with momentum indicators in the oversold territory, which may trigger a temporary bounce. However, a weekly close below 24,800 could lead to further declines, potentially down to 24,000" said Varun Aggarwal, MD, Profit Idea.

Other Asian markets also faced high selling pressure on Tuesday, with Hong Kong's Hang Seng index down by more than 7.5 per cent at the time of this report. Japan's Nikkei index was down by 1.21 per cent, while Taiwan's weighted index dropped by 0.76 per cent.

(ANI)

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