Mobikwik IPO 📝, ISRO Mission 🛰️, Adani Richest 🤑

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Welcome to today's edition of the NextBigWhat Daily IndiaTech News! Today's top stories include Mobikwik's revised IPO, ISRO's Aditya L1 mission, and Gautam Adani surpassing Mukesh Ambani. 🚀 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Mobikwik submits revised IPO draft to SEBI for ₹700 crore issue 🇮🇳 IndiaTech - Mobikwik has refiled its Draft Red Herring Prospectus (DRHP) with SEBI for a ₹700 crore IPO, comprising only of fresh issue. - The pre-IPO placement will involve shares worth around ₹140 crores, with SBI Capital Markets Limited and DAM Capital Advisors Limited as the book running lead managers. - The funds raised will be used for growth in financial services, payment services, data and AI, and capital expenditure, with a portion allocated for acquiring new consumers and merchants. ISRO’s Aditya L1 set to reach final L1 orbit on January 6 🇮🇳 IndiaTech - ISRO’s Aditya L1, launched in September, is expected to reach the Lagrange point (L1) on January 6, entering a ‘halo orbit’ around the L1 point, a unique position for continuous solar observation. - The spacecraft has been collecting scientific data and imaging the Sun since September 18, providing insights into high-energy X-ray of solar flares and full solar disc images. - The success of the mission depends on a crucial firing maneuver on January 6, which will ensure the spacecraft’s longevity in its orbit, according to ISRO Chairman S Somanath. Transform your 2024 : Build winning habits ! [NBW Newsletter Ad]( 50% Launch Discount ! Win your 2024 🚀 "We are what we repeatedly do." Reset and Build Better Habits for 2024​! 21-days email based course, No app to download 😎 [Enroll 👊]( Tata unveils Acti.EV electric vehicle platform 🇮🇳 IndiaTech - Tata’s new Acti.EV electric vehicle architecture will debut on the Punch EV and underpin a range of future EVs and SUVs, including the Curvv EV, Sierra EV, and Harrier EV. - The Acti.EV platform will support various battery packs, offer a range of 300-600 kilometres, and feature vehicle-to-vehicle and vehicle-to-load charging capabilities. - Designed for a 5-star crash test rating, the architecture will also feature efficient packaging, extra ground clearance, and a 5G-enabled system for over-the-air updates and cloud computing. ED advances in Mahadev app case with new charge sheet, seeks extradition of key figures 🇮🇳 IndiaTech - The Enforcement Directorate (ED) has filed a new charge sheet in the Mahadev app case, marking progress in the money laundering investigation. - Key figures Ravi Uppal and Sourabh Chandrakar, currently detained in Dubai, are targeted for deportation or extradition. - The charge sheet implicates five individuals and the case, involving illegal betting and alleged political bribes, is set for review on January 10. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( ISRO successfully tests power generation from hydrogen and oxygen in space 🇮🇳 IndiaTech - ISRO has successfully tested a Polymer Electrolyte Membrane Fuel Cell based Power System (FCPS) in its orbital platform, generating 180W power from hydrogen and oxygen gases. - The FCPS payload, designed by Vikram Sarabhai Space Centre, could potentially replace traditional vehicle engines and power standby systems. - The successful test is a significant step for human space missions, as fuel cells produce electricity, water, and heat from a single system, with no emissions. Gautam Adani surpasses Mukesh Ambani as Asia’s wealthiest following Supreme Court’s verdict 🇮🇳 IndiaTech - Gautam Adani has become Asia’s richest man, surpassing Mukesh Ambani, with a net worth of $97.6 billion. - Adani’s wealth saw a significant increase following the Supreme Court’s verdict on Hindenburg’s allegations against his company. - Adani Group’s stocks rallied after the court ordered the local markets regulator to conclude its investigation within three months, effectively ending the year-long saga. IT Ministry launches ERNET portal for educational institutions’ domain registration 🇮🇳 IndiaTech - The Ministry of Electronics & Information Technology (MeitY) has initiated an integrated web portal, ERNET, for domain registration and DNS services for educational institutions. - The portal will provide templates for websites and Learning Management Systems (LMS), web accessibility service, campus Wi-Fi services, smart classrooms, and connectivity through terrestrial and satellite-based systems. - ERNET India, a not-for-profit scientific society, also offers consultancy services, project management, training, web hosting, email services, and video conferencing, besides domain registration. Tata Motors launches Punch EV in India, opens bookings 🇮🇳 IndiaTech - Tata Motors has launched its Punch EV in India, with bookings now open for a token amount of Rs 21,000. - The Punch EV offers five distinct variants and nine color options, along with modern amenities such as a touchscreen infotainment system, wireless charging, and a 360-degree camera. - The vehicle uses Tata’s Gen-2 Pure EV architecture, which prioritizes safety and space, and is ready for future advancements like 5G connectivity and Vehicle to Load (V2L) technologies. Global delivery firms under CCI investigation for alleged price collusion 🇮🇳 IndiaTech - The Competition Commission of India (CCI) is probing domestic units of DHL, FedEx, and UPS for alleged collusion on tariffs and discounts. - The investigation was triggered by a complaint from the Federation of Indian Publishers, alleging that these firms were controlling charges and customer discounts collectively. - A finding of cartelisation could result in a fine of up to three times the profit made each year the fee was fixed, or 10% of annual revenue for each year of violation. India anticipates 7% GDP growth for fiscal year 2024 🇮🇳 IndiaTech - India’s GDP for the fiscal year 2023/24 is expected to have grown by 7%, according to the first advance estimates to be released today. - The Reserve Bank of India revised its growth forecast to 7% last month, up from an initial estimate of 6.5%. - S&P Global Ratings predicts India will remain the fastest-growing major economy for the next three years, becoming the world’s third-largest economy by 2030. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](