The new Gig range is designed specifically for gig workers, offering two variants — ‘Gig’ and ‘Gig+’ — priced at Rs 39,999 and Rs 49,999 (ex-showroom), respectively.

Ola Electric shares rallied as much as 20 percent to hit an upper circuit of Rs 88.10 in afternoon trade on November 27 after the company unveiled its most affordable electric scooters yet — the S1 Z and Gig range — with prices starting at Rs 39,000.

CEO Bhavish Aggarwal announced the launch on X (formerly Twitter), highlighting the scooters’ unique feature: a portable battery that doubles as a home inverter when paired with the Ola PowerPod. “Say hello to the Ola S1 Z & Gig range, starting at just Rs 39K! Affordable, accessible, and now with a portable battery pack,” Aggarwal said.

Reservations for the new models are already open, with deliveries slated to begin in April 2025. The new Gig range is designed specifically for gig workers, offering two variants — ‘Gig’ and ‘Gig+’ — priced at Rs 39,999 and Rs 49,999 (ex-showroom), respectively. These scooters will be available for both business-to-business (B2B) purchases and rental services, the company said in a statement.

As per analysts at Nuvama, the acceptance ratio of the share buyback could be in the range of 4-10 percent; the buyback is likely to be completed within the next 15 days

Shares of Bajaj Auto fell around 4 percent in early trade on February 29 as they traded ex-buyback. The company’s board had approved a Rs 4,000-crore share buyback in January, the record date for which was on February 28.

At 11.18 am, shares of Bajaj Auto were trading at Rs 7,982.15 on the NSE.

The company had announced buyback 40 lakh shares, or 1.4 percent stake, at a price of Rs 10,000 per share. The floor price of the buyback sits at a premium of 18 percent to the current market price. The buyback will happen through the tender offer route.

However, given the smaller size of buyback and higher retail shares, acceptance ratio is expected to be lower. As per analysts at Nuvama, the acceptance ratio could come in the range of 4-10 percent. Those with investments of up to Rs 2 lakh are treated as retail investors.

The commercial space sold through e-auction is a part of redevelopment project being executed by NBCC for AIIMS Delhi.

Shares of NBCC traded higher intraday on February 29 after the company executed the e-auction of approximately 61,000 sqft commercial built-up area at Ayurvigyan Nagar in New Delhi.

Basic sale price of the project is Rs 36,000 per sqft and total deal is valued at Rs 272.68 crore.

Grid Controller of India Ltd (a PSU under the Ministry of Power) participated in thee-auction and secured the deal.

The commercial space sold through e-auction is a part of redevelopment project being executed by NBCC for AIIMS Delhi.

The proceeds received from the sale will be utilised for construction of houses for faculty and staff members of AIIMS Delhi