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    Our loans to Adani Group are secure: JK Bank

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    Indian Bank to hold vostro A/cs of 3 Sri Lankan banks

    Indian Bank expands digital offerings under ‘Project WAVE’ initiative

    India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3

    Cabinet approves promotional incentives worth Rs 2,600 crore for Rupay debit cards, low value UPI transactions

    RBI response sought on PIL seeking uniform banking code for forex transactions

    Reserve Bank of India puts on hold NUE licensing

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    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Our loans to Adani Group are secure: JK Bank

    Our loans to Adani Group are secure: JK Bank

    RBI response sought on PIL seeking uniform banking code for forex transactions

    Banking sector remains resilient and stable: RBI

    SBI sees 14%-15% corporate credit growth in FY23

    SBI, BoB say Adani exposure within limits, payments on track

    SBI sees 14%-15% corporate credit growth in FY23

    India’s largest bank SBI has $2.6 billion of loans to Adani Group companies

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    Increase in SC, ST and OBC students enrolment in higher education institutions: AISHE 2020-21

    Increase in SC, ST and OBC students enrolment in higher education institutions: AISHE 2020-21

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    AISHE 2020-21: Enrolment of Muslim students for higher education decreases to 4.6%

    IIM Raipur introduces executive certificate programme for Strategic Chief Marketing officers

    IGNOU launches PG diploma Journalism; course available in three languages

    UPCON and Jadooz to set up edutainment centres called ‘Magic Rooms’ in rural Uttar Pradesh

    School dropout rate declines, gender parity improves: Economic Survey

    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Gender gap in undergraduate programmes widens, gains of last few years lost to pandemic: AISHE Report

    Nearly 50 top institutes without chairpersons; 10 waiting for over 8 years

    Nearly 50 top institutes without chairpersons; 10 waiting for over 8 years

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    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Our loans to Adani Group are secure: JK Bank

    Our loans to Adani Group are secure: JK Bank

    SBI sees 14%-15% corporate credit growth in FY23

    SBI, BoB say Adani exposure within limits, payments on track

    SBI sees 14%-15% corporate credit growth in FY23

    India’s largest bank SBI has $2.6 billion of loans to Adani Group companies

    Tata Sons looks to shed its ‘Upper Layer NBFC’ tag

    Tata Sons looks to shed its ‘Upper Layer NBFC’ tag

    Most public banks continue to reel under weak assets even as private counterparts thrive

    UP seeing fast increase in new borrowers: Transunion Cibil

  • Technology
    Web Werks – Iron Mountain JV launches its First Greenfield Data Center in Mumbai

    Web Werks – Iron Mountain JV launches its First Greenfield Data Center in Mumbai

    New Course by IITs: BTech in Computational Engineering

    New Course by IITs: BTech in Computational Engineering

    Niti Aayog’s AIM, CBSE, Intel India collaborate to bring change in education sector

    Niti Aayog’s AIM, CBSE, Intel India collaborate to bring change in education sector

    Indian Bank to hold vostro A/cs of 3 Sri Lankan banks

    Indian Bank expands digital offerings under ‘Project WAVE’ initiative

    India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3

    Cabinet approves promotional incentives worth Rs 2,600 crore for Rupay debit cards, low value UPI transactions

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‘Ather Energy on road to 5x revenue growth in FY23’

In the first seven months of this financial year ended October, the Hero MotoCorp and Sachin Bansal-backed company sold about 35,480 e-scooters. The monthly sales run rate has exceeded 8,000 units in recent months and the company is well on its way to producing and selling around 13,000 units a month by the January-March quarter, people cited above said.

Prashant Dwivedi by Prashant Dwivedi
November 19, 2022
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Electric vehicles (EV) maker Ather Energy is on course to increase its revenues fivefold year on year this fiscal to Rs 2,000-2,200 crore, riding on a spurt in sales and increased capacity from a new plant.

The maker of 450 Plus and 450X electric scooters is looking to sell between 90,000 and 100,000 units in FY23, up more than 300% from sale of 23,000 e-scooters in FY22, people aware of its plans told to agency.

In the first seven months of this financial year ended October, the Hero MotoCorp and Sachin Bansal-backed company sold about 35,480 e-scooters. The monthly sales run rate has exceeded 8,000 units in recent months and the company is well on its way to producing and selling around 13,000 units a month by the January-March quarter, people cited above said.

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Source: Economic Times
Tags: Ather EnergyFY23revenue
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Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

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