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Ola Invests $100 Million In Scooter Sharing Firm Vogo To Supply 100,000 Scooters

  Bhavish Aggarwal, Co-founder & CEO with Anand Ayyadurai, Founder & CEO, Vogo App-based ride-hailing platform Ola has announced that the company will be investing $100 million (around ₹ 710 crore) in Vogo – India’s fast-growing scooter sharing network. The investment will go into the supply of 100,000 scooters by Vogo that will be used for short commutes. The collaboration will help Vogo gain a strategic supply advantage without having to incur signfiicant capital expenditure, while Ola’s 150 million customer base will be able to use Vogo’s services directly from…

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Vivo to Invest Rs. 4,000 Crores for New Mobile Phone Plant in India

Chinese smartphone maker Vivo on Thursday announced an additional investment of Rs. 4,000 crore for over a period of four years towards opening a new manufacturing plant on the Yamuna Expressway in Uttar Pradesh that will generate 5,000 jobs in its first phase of expansion. The new 169-acre land has been acquired near the existing 50-acre manufacturing facility that will help expand Vivo’s manufacturing capabilities and support its continued growth in the country, the company said in a statement. The Rs. 4,000-crore investment, which does not include the cost of…

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How to earn Rs 50,000 monthly via investing in mutual funds?

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. You can earn a regular monthly income just by investing a substantial portion into mutual funds. However this may include the impending tax liability. In a mutual fund query, an investor wanted to know where they should invest to earn Rs 50,000 on a monthly basis, a report by ET Mutual Funds revealed. “I am looking for a monthly income of Rs 50,000. Tell me how to go about it? How much investment is required? Whether one-time…

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The NSW Department of Education commissioned a $300,000 scripture review, but rejects its major findings | poll

THE NSW Department of Education has rejected major recommendations of a $300,000 taxpayer-funded review of scripture in NSW schools, including the need for more information on scripture providers to “identify radical groups or cults”. The 238-page review, completed in 2015 but not released until Tuesday, found scripture providers did not “consistently produce good quality curricula from an educational perspective”, the system of authorising scripture providers lacked transparency, and some scripture teachers were using authorised, but age-inappropriate materials, while others used non-authorised materials. The review found the Department of Education and scripture providers…

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2,000 Medicines to Become Cheaper: Nadda

Union Health Minister J.P. Nadda has said nearly 2,000 medicines will be made available at rates up to 90 per cent less than the maximum retail price (MRP) under the Amrut Scheme. “Two thousand medicines will be made available at 60 to 90 percent less rates than the MRP,” said the Minister on Saturday while addressing the foundation stone laying ceremony here of the proposed Super Specialty Block of Jabalpur Medical College. He said such retail stores would also be opened in Madhya Pradesh. Nadda said the central government would…

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