Ultraviolette raises $45 million from Zoho, Lingotto

BENGALURU: Bengaluru-based electric motorcycle maker Ultraviolette has raised $45 million in fresh growth capital from Zoho Corporation and European investment firm Lingotto as part of its ongoing Series E round.The company said the funding will be used to scale production and sales of its flagship F77 electric sportbike and the new X‑47 crossover, and to…

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Rupee slide: RBI lets currency weaken amid outflows; focus shifts to curbing speculation

India’s central bank will allow the rupee to weaken as the country’s external position comes under strain from slowing dollar inflows, widening trade pressures and heavy foreign selling in domestic markets, according to sources cited by news agency Reuters. The Reserve Bank of India (RBI), which had been actively supporting the currency until last month…

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End to IndiGo chaos soon? DGCA likely to grant partial waiver on new pilot rest rules; airline to submit mitigation plan as cancellations mount

Passengers wait in queues at IndiGo airline’s counter at Kempegowda International Airport, in Bengaluru (Picture credit: PTI) India’s aviation regulator, the Directorate General of Civil Aviation (DGCA), is expected to give IndiGo a temporary, partial waiver from the recently implemented pilot rest and duty rules after the airline was forced to cancel more than a…

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