Electric vehicle startup Euler Motors has raised ₹30 crore as a part of its series A fundraise. This takes its total fundraise, so far, to ₹65 crore.

The investment was led by the startup’s existing investors Inventus India and Jetty Ventures, and also saw participation from another existing investor Sujeet Kumar, co-founder of online B2B trade platform Udaan. Meanwhile new investors Srinivas Anumolu & K Ganesh from Growth Story too joined in on this round.

Founded in 2018, the startup is also looking to launch new electric three-wheelers this year. The company already has over 250 electric three-wheelers, which have been deployed by startups like BigBasket, EcomExpress and Udaan in Delhi-NCR.

Ratan Tata, Chairman of Tata Group was in Jamshedpur on Tuesday (March 2) to celebrate the birth anniversary of the founder Jamsetji Tata. 

Ratan Tata shared an old picture with Jehangir Ratanji Dadabhoy Tata on Twitter. The picture is a major throwback and the duo can be seen standing in front of the statue of founder Jamsetji Tata in Jamshedpur. 

"My best wishes to all the Tata group companies, the employees & their families on the birth anniversary of our founder, Mr. Jamsetji Tata, who has inspired us with his kindness over the years. This founder’s day has special emotions for me, reminding me of my mentor Mr. JRD Tata" Ratan Tata tweeted this with the old photograph. 

Telco major Bharti Airtel on Tuesday announced that it has acquired 355.45 MHz spectrum across Sub GHz, mid band, and 2300 MHz bands for a total amount of Rs 18,699 crores in the latest spectrum auction.

With this development, the telco has strengthened its mid band and capacity spectrum holdings that will help it to provide better experience to its customer at the marginal capex.

All of the spectrum will enable Airtel to deliver 5G services in future, it added.

In a sign that more flights, perhaps even international, could be allowed soon, Air India has cancelled leaves of its pilots with immediate effect. The airline sent an order to its pilots on Monday, saying “all leave for cockpit crew stands withdrawn with immediate effect. However, leave may be granted in extreme cases depending on the urgency on a case to case basis.”

Senior AI officials say the airline has taken this step as the number of flights operated by the divestment-bound Maharaja are going to increase soon. The government has allowed airlines to operate upto 80% of their pre-Covid levels of domestic flights and has indicated the cap may be removed in coming summer schedule if the Covid situation continues to remain in control overall.

Billionaire investor Rakesh Jhunjhunwala has hailed Tesla CEO Elon Musk as a "true pioneer and entrepreneur", however, he wasn’t quite convinced about his electric vehicle company's valuation. "Elon Musk has not given the market cap of tesla. It is the public who has created it. This market cap is not going to last," Jhunjhunwala told ET Now recently in an interview. However, he added that it doesn't take away the entrepreneurial capabilities or performance of Musk. "So, the valuation of Tesla is not linked to the capabilities of Musk." Tesla’s market cap, as of Friday, stood at $648 billion up from around $140 billion in early February 2020 vis-a-vis the $209 billion market cap of Toyota and the $111 billion market cap of Volkswagen.

Tesla shares had wiped out their year-to-date gains on Tuesday. The stock had dropped 13 per cent to $619 in New York — its biggest intraday decline since September 8 before it pared much of the loss to close down 2.2 per cent, Bloomberg reported. The stock was down 31 per cent from January 25 record intraday high to its lowest point on Tuesday. Importantly, Musk was no longer the world's richest person after Tesla's shares declined 8.6 per cent on Monday and erased $15.2 billion from his net worth. Currently, Musk's net worth stood at $174 billion, according to the Bloomberg Billionaires Index. Amazon's Jeff Bezos was the richest person in the world with $181 billion net worth.