Live news updates: Modi to review vaccinations, Ola logs first profit

Live news updates: Prime Minister Narendra Modi will hold a review meeting through video with districts having low Covid-19 vaccination coverage on Wednesday noon.

Ride-hailing firm Ola has reported its first operating profit of Rs 89.82 crore for 2020-21, even as its revenue declined 65 per cent to Rs 689.61 crore amid Covid-19 induced lockdowns.

Logistics firm Delhivery has filed for an initial public offering (IPO) with India’s market regulator to raise up to Rs 7,400 crore, joining a string of startups that are listing this year.

The sale of stressed assets by lenders must be done at an earlier stage to allow for optimal recovery by asset reconstruction companies, a committee appointed by the Reserve Bank of India (RBI) said in a report published on Tuesday.