Latest news with #Aggarwal
United News of India
12 hours ago
- Politics
- United News of India
BSF Eastern Command Chief reviews India-Bangladesh border security in Meghalaya
Shillong, June 1 (UNI) Mahesh Kumar Aggarwal, Additional Director General (ADG) of the Border Security Force (BSF) Eastern Command, reviewed the current security scenario along the India-Bangladesh international border during his visit to the Border Security Force, Meghalya Frontier, a BSF official said. Aggarwal wrapped up a four-day visit to Meghalaya on Sunday after visiting several Border Outposts (BOPs) in the West Jaintia Hills district and East Khasi Hills district and interacted with BSF personnel stationed in remote and challenging locations. He commended the troops for their dedication and resilience amid difficult terrain and adverse weather conditions. While addressing the officers of BSF Frontier Meghalaya, Aggarwal emphasised the importance of maintaining high morale, constant vigilance, and professionalism. He also highlighted the critical role of civic action programs in strengthening ties with border communities. In addition to operational reviews, the BSF Eastern Command Chief held meetings with senior officials of the civil and police administration to enhance inter-agency coordination and ensure seamless security management in the region. Inspector General of BSF, Meghalaya Frontier, O P Upadhyay briefed Aggarwal on the prevailing border situation, recent anti-smuggling operations, deployment strategies, and coordination efforts with local authorities. He reviewed the measures taken to prevent illegal infiltration and exfiltration, and appreciated the force's success in curbing cross-border activities. The BSF Eastern Command Chief also called on Meghalaya Governor, Chandrashekhar H. Vijayashankar, at Raj Bhavan, where he briefed him on the current security landscape and BSF's proactive measures along the international boundary. Aggarwal later met Chief Secretary D.P. Wahlang to discuss administrative cooperation, logistical support for BSF operations, and joint efforts to maintain peace and order in the sensitive border region. The BSF reiterated its commitment to national security and pledged continued support to the development and welfare of communities living along the border. UNI RRK GNK
Time of India
3 days ago
- Entertainment
- Time of India
Rising matchmaking challenges prompt community to take collective action
JIND: Finding a suitable match for marriage has become a major challenge in Haryana and many other states due to skewed gender ratios, reduced role of intermediaries, nuclear family structures, and various other reasons. Tired of too many ads? go ad free now To address this issue, the 'All India Aggarwal Society of Haryana' will organize a grand event in Jind on September 7 and registration for the same has been started. Hundreds of eligible young men and women will gather at this matrimonial meet, where they will have the opportunity to choose their preferred life partners. Applications have already started pouring in from various states, said Rajkumar Goyal. A meeting of the All India Aggarwal Society's Jind district unit was held in this regard, presided over by Rajkumar Goyal, the State President of the Aggarwal Society and the chief organizer of this grand program. Prominent attendees included Sawar Garg, Ramdhan Jain, Pawan Bansal, Sonu Jain, Manish Garg, Rajat Singla, Bajrang Singla, Gopal Jindal, Sushil Singla, Rajesh Goyal, Jai Bhagwan Singla, Naresh Aggarwal, and Subhash Dahoala. In the meeting, it was unanimously decided that considering the community's needs, a historic matrimonial introduction conference for eligible Aggarwal boys and girls will be held at a North India level in Jind on September 7. More than 250 registration centers to be set up across Haryana, said Goyal. Goyal stated that this will be the largest matrimonial meet ever organized. Thousands of community members are expected to attend. Dozens of national leaders from the Aggarwal community across the country will be present as chief guests. Apart from Haryana's registration centers, similar facilities will be available in neighboring states like Delhi, Rajasthan, Uttar Pradesh, Chandigarh, and Punjab. Tired of too many ads? go ad free now The main aim of this conference is to introduce eligible individuals, strengthen the matrimonial network within the community, promote social harmony, and provide the younger generation with a strong marriage platform. Participation in the conference will be restricted to members of the Aggarwal community, he added. Just like in other communities, the Agarwal community is also beginning to face challenges in arranging marriages. Issues such as dowry and other social factors have led to significant difficulties in forming matrimonial alliances. This is precisely why this major step has been taken. During this conference, participants will have the opportunity to get to know each other, and a special booklet will be prepared featuring the profiles of all those taking part in the event. This booklet will later be distributed among the community so that individuals can connect based on their preferences and requirements. Other communities should also consider organizing such events, as they provide a valuable opportunity for individuals to interact and make the matchmaking process easier. Unlike earlier times, the era of matchmakers is no longer prevalent. Nowadays, very few intermediaries come forward to help arrange marriages, which makes such events the need of the hour, he added. Society officials Ramdhan Jain and Sawar Garg emphasized that such matrimonial conferences are the need of the hour. They not only make it easier to find a suitable match but also help combat issues like dowry. They explained that participating in these conferences eliminates many challenges such as searching for a match and conducting traditional "viewings." For those who have lost their spouse due to untimely death or divorce, this platform offers a dignified and practical solution for remarriage. Taking all such needs into consideration, the Aggarwal community has decided to organize this grand matrimonial event in Jind, they said.
Economic Times
3 days ago
- Automotive
- Economic Times
Ather Energy betters Q4 results where Ola Electric falters
Agencies Ather 450S and the Ola S1 X+ The once industry leader, Ola Electric, reported a dismal March quarter, with a sizeable fall in its revenue and losses expanding twofold. In comparison, the recently listed Ather Energy posted a decent improvement in financials for the quarter. For the quarter ended March, the Bhavish Aggarwal-led electric scooter maker reported a 62% decline in sales to Rs 611 crore, a precursor to the decline in market share two months later. The EV maker saw its loss double to Rs 870 crore, from Rs 416 crore in the year-ago period. Ola Electric's financials were impacted by a one-time issue with the registration process, founder Bhavish Aggarwal on an earnings call. In February, Vahan data showed only 8,652 registrations for Ola Electric, while the company claimed sales of 25,000 units in its filings. The discrepancy was attributed to a temporary backlog caused by ongoing contract renegotiations with registration service providers Rosmerta and Shimnit India. The issues have been resolved in the current quarter, the CEO said. Ather, the only other listed pure-play electric two-wheeler manufacturer, reported a 29% increase in operating revenue to Rs 676.1 crore, up from Rs 523.4 crore in the same period last year. Its losses narrowed 17% year-on-year (YoY) to Rs 234.4 crore on the back of rising volumes and improved margins. Ola Electric had the lead in units sold during Q4 at 51,375 scooters, but Ather managed a close 47,411 units. While the former has started deliveries on its Roadster X motorcycles, Ather is working on developing its own line, funded by a part of its IPO proceeds. "The performance of the Roadster X will be the key... While Ola Electric reports strong interest and positive feedback from early customers... we believe the electric motorcycle performance will be critical for the company, as it will be addressing two-thirds of the two-wheeler market through rural penetration; we will wait and watch the performance in the coming quarters," brokerage Kotak Institutional Equities said. Ola Electric managed to reduce expenses by 31.6% to Rs 1,306 crore, largely due to a nearly Rs 1,000 crore cut in material costs. Ather, on the other hand, saw expenses rise 12.6% to Rs 922.2 crore from Rs 818.7 crore a year ago, mainly due to higher material costs, even as employee benefit expenses declined 29% to Rs 109.1 Ola S1 maker has guided for a better June quarter, though. 'If you look at our Q1 outlook, we are sharing a revenue forecast of about Rs 800-850 crore, about 65,000 deliveries and a gross margin of about 28–30%, which is much higher than Q4,' said Aggarwal in a post-earnings company will be careful with allocating capital and managing risk, Aggarwal had said. Also Read: Ola Electric to focus on capital discipline, risk management: CEO Bhavish Aggarwal after dismal Q4 earnings Ather is targeting profitability, going forward. 'I think (there are) very strong levers for operating leverage in the coming quarters, which will hopefully get us to profitability soon. For us, profitability could happen at a lower scale than some of the other peers, given our more capital-light and more capital-efficient approach on business overall,' cofounder Tarun Mehta had said.
Time of India
3 days ago
- Automotive
- Time of India
Ather Energy betters Q4 results where Ola Electric falters
Ola Electric experienced a significant downturn in the March quarter, with revenue declining by 62% to Rs 611 crore and losses doubling to Rs 870 crore, attributed to registration process issues. In contrast, Ather Energy reported a 29% increase in operating revenue to Rs 676.1 crore and narrowed its losses by 17%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The once industry leader, Ola Electric , reported a dismal March quarter, with a sizeable fall in its revenue and losses expanding twofold. In comparison, the recently listed Ather Energy posted a decent improvement in financials for the the quarter ended March, the Bhavish Aggarwal-led electric scooter maker reported a 62% decline in sales to Rs 611 crore, a precursor to the decline in market share two months later. The EV maker saw its loss double to Rs 870 crore, from Rs 416 crore in the year-ago Electric's financials were impacted by a one-time issue with the registration process, founder Bhavish Aggarwal on an earnings call. In February, Vahan data showed only 8,652 registrations for Ola Electric, while the company claimed sales of 25,000 units in its filings. The discrepancy was attributed to a temporary backlog caused by ongoing contract renegotiations with registration service providers Rosmerta and Shimnit India. The issues have been resolved in the current quarter, the CEO the only other listed pure-play electric two-wheeler manufacturer, reported a 29% increase in operating revenue to Rs 676.1 crore, up from Rs 523.4 crore in the same period last year. Its losses narrowed 17% year-on-year (YoY) to Rs 234.4 crore on the back of rising volumes and improved Electric had the lead in units sold at 51,375 scooters, but Ather managed a close 47,411 units. While the former has started deliveries on its Roadster X motorcycles, Ather is working on developing its own line, funded by a part of its IPO proceeds Ola Electric managed to reduce expenses by 31.6% to Rs 1,306 crore, largely due to a nearly Rs 1,000 crore cut in material costs. Ather on the other hand saw expenses rise 12.6% to Rs 922.2 crore from Rs 818.7 crore a year ago, mainly due to higher material costs, even as employee benefit expenses declined 29% to Rs 109.1 Ola S1 maker has guided for a better June quarter, though. 'If you look at our Q1 outlook, we are sharing a revenue forecast of about Rs 800-850 crore, about 65,000 deliveries and a gross margin of about 28–30%, which is much higher than Q4,' said Aggarwal in a post-earnings company will be careful with allocating capital and managing risk, Aggarwal had is targeting profitability, going forward. 'I think (there are) very strong levers for operating leverage in the coming quarters, which will hopefully get us to profitability soon. For us, profitability could happen at a lower scale than some of the other peers, given our more capital-light and more capital-efficient approach on business overall,' cofounder Tarun Mehta had said.
India Today
3 days ago
- Automotive
- India Today
Gensol misses May payment for loan on BluSmart cabs: Report
Gensol Engineering, promoted by two of the founders of electric mobility firm BluSmart, has missed a payment of about Rs 4 crore to its pass-through certificate (PTC) holders this month, reported The Economic Times (ET). The last successful repayment was made in April, said people familiar with the matter. Gensol had raised funds by issuing PTCs, which were offered to retail investors on the online platform Grip Invest. PTCs are loans given in exchange for an underlying asset, in this case, vehicles that run on the BluSmart loans were to be repaid using the cash earned by these electric cabs. But after BluSmart shut down its cab services and ongoing talks with Uber and other fleet operators failed to move ahead, repayments became Invest founder Nikhil Aggarwal confirmed the missed payment as quoted in the report. He said Gensol had raised a total of Rs 5.6 crore through the PTCs. So far, 56% of the principal has been repaid, but an amount of Rs 4.04 crore is still loans were secured against 76 electric vehicles. These vehicles are no longer in operation, as BluSmart has stopped its May 29, the Delhi High Court passed a final order, giving possession of these vehicles to the lessor, Vriksh Advisors, a subsidiary of Grip Invest. The court also allowed Vriksh to sell, operate or lease the vehicles. Aggarwal told ET that the vehicles have been inspected and found to be in good said Vriksh Advisors is now working on setting up charging stations and is in talks with fleet operators to re-deploy these vehicles on ride-sharing an industry insider pointed out that even if the vehicles begin running again, the terms of the original PTC agreement may change. He explained that revenues, commissions and pricing would differ on other platforms, and so the repayment plan would also need to be told ET that Vriksh Advisors is trying to find the best buyer or operator for the vehicles, in the hope that proceeds from the lease or sale will help repay the pending loan amounts.'People invested in BluSmart bonds and PTCs because they believed in the cab service, which had a good brand image, and they were also drawn by the high returns,' one investor told to a credit rating report issued by Care Edge Ratings on Tuesday, the bonds were issued in 2023, were due to mature in 2027, and offered a return of 13.6%.ET had earlier reported on April 21 that many BluSmart investors were expecting defaults on the bonds they had purchased through platforms like Yubi and Centricity. BluSmart had issued over Rs 100 crore worth of bonds over the past year. Of this, investors said that more than Rs 80 crore worth of non-convertible debentures (NCDs) are still due for troubles come as Gensol Engineering's promoters, brothers Anmol Singh Jaggi and Puneet Singh Jaggi, are under investigation. They are accused of diverting company funds for personal use. BluSmart has already stopped operations, and Gensol's bank accounts have been frozen following orders from the National Company Law Tribunal (NCLT) in Indian Renewable Energy Development Agency (Ireda), a government-run lender, said last week that it has moved the Debt Recovery Tribunal in Delhi against Gensol Engineering and its arm Gensol EV Lease, over a default of about Rs 729 crore. Ireda had earlier also filed an insolvency case against crisis began after market regulator Sebi launched a probe into Gensol Engineering following a stock manipulation complaint it received in June 2024. Sebi's investigation revealed that the Jaggi brothers had allegedly used loans meant for buying electric vehicles for personal In advertisement
