Olectra Greentech, JBM Auto shares in focus as Centre issues tender for 10,900 EV Bus
The tender, issued by Convergence Energy Services Ltd (CESL) on June 27, covers five key cities. Bengaluru leads the allocation with 4,500 buses, followed by Delhi (2,800), Hyderabad (2,000), Ahmedabad (1,000), and Surat (600).
This government-backed initiative is being executed under the Gross Cost Contract (GCC) model, where bus operators are compensated based on kilometres run, ensuring long-term revenue visibility for fleet providers and OEMs. The scope includes procurement, supply, operations, and maintenance, along with charging and civil infrastructure development.
With bids set to open on August 12, the tender is expected to attract significant interest from leading EV manufacturers like Olectra Greentech and JBM Auto, both of whom are already key players in India's electric bus space.
Olectra Greentech shares opened at ₹1,221.00 today, touching a high of ₹1,230.30 and a low of ₹1,202.80. The stock's 52-week high stands at ₹1,960.00, while the 52-week low is ₹989.95.
On the other hand, JBM Auto shares opened at ₹656.05, hit a high of ₹657.70, and dropped to a low of ₹642.00 during the session. The stock has a 52-week high of ₹1,169.38 and a low of ₹489.80.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash JBM AutoOlectra Greentech
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
9 hours ago
- Forbes
The AI Gold Rush Is Real And So Is The Irrational Exuberance
Salman Khan, President & CEO of The Gideon Group. The world is high on AI. From Sand Hill Road to the GCC sovereign corridors, everyone wants a piece of the generative intelligence revolution. But let's cut through the noise. We are in a bubble, but not one born entirely of delusion. There's a structured wildness to this capital cycle that looks irrational only if you ignore the underlying megatrend. If the dot-com era was about digitizing information, this era is about digitizing cognition. That changes everything, including the nature of the bubble itself. Internet 1999 Versus AI 2025 The similarities between today's AI boom and the late '90s dot-com bubble are striking. Both saw intense hype, outsized capital allocation and a herd mentality. But the scale has changed, and so has the substrate. In the 1990s, 'every business needs a website' became the mantra. In 2025, it's 'every company needs an AI strategy.' Valuations have soared, companies are scaling without solid monetization models and the narrative is being used as a vehicle for inflated funding rounds. Just like the 1990s, we're seeing capital-chasing narratives, startups scaling without revenue clarity and talent hoarding before product-market fit. Only now, the numbers seem to be 10 times bigger, and the burn is faster. The Anatomy Of Today's AI Bubble AI companies are commanding multi-billion-dollar valuations without even a roadmap to sustainable revenue. This is a big red flag in my experience. The disconnect between genuine value and bloated valuations is real in 2025. Most AI startups are simply API wrappers on top of foundational models like OpenAI or Meta. They lack their own large language models, defensible data flywheels or unique training architecture. Yet they're raising capital as if they're chipmakers. The real gold rush is in GPUs. Amazon has earmarked over $100 billion for AI infrastructure. It seems to me that there's more heat in the compute market than in the models themselves. We're watching the mass appointment of chief AI officers with vague mandates and no technical remit. It's reminiscent of 1999's 'e-something' craze. Boardrooms are pushing AI mandates into product roadmaps without a lack of understanding about cost, latency or inference margins. Prompt engineering is the new day trading. Social media is saturated with self-appointed AI experts. Web3 influencers have rebranded overnight. YouTube channels and Twitter threads pump speculative large language models (LLMs) agents with zero use-case depth. The Smart Capital Playbook Despite all the hype around AI, the technology has played a role in reshaping logistics, pharma and cybersecurity. The technology itself is not the issue, but rather the timeline assumptions and our mentality around it. Compute costs are still prohibitive for broad-scale commercial deployment. Monetization models are duct-taped, especially in consumer AI. Regulatory frameworks haven't caught up, and that introduces systemic drag. Patience and due diligence are required to play the long game of sustainable growth and development within the industry. For leaders looking to navigate this AI gold rush, here's my strategic take: • Integrate AI where it monetizes. Don't just implement where AI demos well. Consider stack exposure across LLM orchestration, inference optimization and agent memory systems. If it doesn't reduce cost, increase throughput or give you pricing power, it's noise. Don't pursue vanity projects. • Forget building another LLM; consider owning the rails underneath. Infrastructure, orchestration, billing logic, compliance layers—that's where I believe the margins will sit. Consider capex-layer plays like chips, compute leasing and AI-ready data center infrastructure. The model race may not be the best pursuit unless you're sitting on sovereign-scale capital. • Your data layer is your moat. Treat it like capital. You don't need better prompts. You need structured, compliant, high-fidelity data pipelines. AI eats that for breakfast. • Optionality is the hedge. Vendor-lock can lead to stagnation. Stay multimodel, multicloud and modular. Anyone getting married to a single provider today may find themselves obsolete. • Slow is smooth, and smooth is fast. You don't need to be first. You need to be resilient. Focus on building things that are inevitable five years from now, not impressive for five minutes. This wave will wipe out the loud and reward the precise. So play the long game. Own the rails. Stack the options. Monetize what others are still trying to understand. Final Thoughts Yes, we're in a bubble. But bubbles built railroads, fiber optics and mobile ecosystems. I believe that AI will be no different. What matters most is where you're positioned when this bubble bursts. Because this time, I believe some of these valuations will be vindicated. The rest? Burned for GPU fuel. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Yahoo
11 hours ago
- Yahoo
Connect Worldwide continues expansion with new strategic developments
Global sales and marketing company Connect Worldwide (CWW) is continuing its ongoing expansion and strategic growth worldwide with three new developments. The company has strengthened its partnership with global luxury hospitality company Jumeirah Hotels & Resorts, secured a new representation with Travel Oregon, and launched a new office in the Gulf Cooperation Council (GCC) region. CWW's partnership with Jumeirah Hotels & Resorts, which has seen success in Europe and Asia, is now extending to South Africa. The South African office will be spearheaded by CWW South Africa's managing director Ross Kata, who will focus on creating new opportunities and increasing Jumeirah's visibility within the region. Further demonstrating CWW's advancements in bridging US destinations with outbound Asian markets, Travel Oregon has appointed CWW as its representative in South Korea. This collaboration is set to enhance media outreach, travel trade engagement, and partnership development, drawing on CWW's local expertise. To bolster its Middle Eastern operations, CWW has also inaugurated a new office dedicated to the GCC region, under the leadership of Mark Senior. With his knowledge of the luxury travel sector and considerable regional experience, Mark is positioned to support CWW's destination and hospitality clients in expanding their presence in the GCC, stated the company. Connect Worldwide founder and CEO Eric Otto said: "These new partnerships are a strong testament to the trust our clients place in Connect Worldwide's global network and local market expertise. "Whether it's a luxury hospitality brand like Jumeirah, a destination like Oregon, or the opening of a strategic office in the Gulf, our mission remains clear: to drive meaningful results and long-term growth for our clients." "Connect Worldwide continues expansion with new strategic developments" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
13 hours ago
- Business Upturn
Nifty top gainers and losers today, August 12: Tech Mahindra, Maruti Suzuki, Hero MotoCorp among top performers
The Indian benchmark indices closed lower today, with the Nifty 50 slipping 0.40% to end at 24,487.40 and the Sensex dropping 0.46% to close at 80,235.59. Despite the overall market weakness, several stocks managed to post notable gains, while others faced significant losses. Here's a look at Nifty top gainers and losers that drove the day's action (as per Trendline) for the day: Among the top gainers on the Nifty, Tech Mahindra was up 2.0% to close at 1,511.2, followed by Maruti Suzuki, which rose 2.0% to 12,847. Hero MotoCorp gained 1.8%, ending at 4,644, while Mahindra & Mahindra advanced 1.6% to 3,236.5. NTPC also saw a rise of 1.2%, closing at 340.1. Other notable gainers included Sun Pharmaceutical (up 1.1% to 1,626.5), Cipla (up 1.1% to 1,521.6), Tata Steel (up 1.0% to 160.2), Coal India (up 0.8% to 385.4), and Oil and Natural Gas, which increased 0.7% to 235.4. On the downside, Bajaj Finance led the losers with a 2.8% decline, closing at 853. Trent fell 1.4% to 5,368, and Hindustan Unilever dropped 1.4% to 2,484. Eternal declined 1.3% to 305.3, while HDFC Bank slipped 1.3% to 1,969.9. Nestle India was down 1.3% at 1,091.1, and Tata Consumer Products fell 1.1% to 1,047.7. Bajaj Auto lost 1.1%, closing at 8,186, followed by ICICI Bank down 1.1% to 1,421.4, and Bharat Electronics which decreased 1.0% to 380.3. Overall, while the market faced pressure on August 12, these top gainers and losers highlighted the mixed investor sentiment across key sectors. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Hero MotocorpMaruti SuzukiTech Mahindra Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
