Mobikwik sales Update :

Mobikwik listed strong but later fell almost 60% from its highs.
Now the company updated exchanges saying that in India they are among the top 3 fastest-growing UPI apps, growing 3x from October last year to this year.
So this update is creating some positive sentiment.

 

Ola Electric bad news :

Ola Electric had a negative update, so the stock fell first and then bounced 6%, fully volatile today.
The negative news is from S&P Global Ratings. They said that one of the promoter entities, AIN Technologies, which is a parent company, had its rating downgraded from CC+ to CC- (Negative Outlook) because of high cash burn and low liquidity.
This triggered the initial fall.

 

Microsoft India Partnership :

Microsoft CEO Satya Nadella said that India is moving fast in AI.
Microsoft is planning strategic partnerships with India’s top IT companies — TCS, Infosys, Wipro, and Cognizant — to accelerate AI adoption and industry transformation

Boat IPO Issue :

Recently IPO buzz is high with heavy valuations.
Boat also planned to come with an IPO earlier but stepped back.
Now, their auditors have raised a red flag over financial mismatches — meaning the financial statements they previously published are not matching with the ones submitted to banks.
Also, some of their overseas subsidiary reports have material uncertainties.
So this is creating concern around the company.