B Ravi Pillai, chairman of RP Group of companies, on March 20 became the first India to own an Airbus H 145 helicopter, estimated to be worth around Rs 100 crore.

The helicopter was delivered by Airbus in Kovalam and took its inaugural flight from Kovalam to The Raviz Ashtamudi with the RP Group Vice-Chairman on board.

The helicopter is the first Airbus D3 helicopter in India and the first five-bladed H145 helicopter in Asia.

The Bangalore-based electric two-wheeler manufacturer, Ola Electric, on March 21, 2022, announced that it has invested in Storedot, an Israeli battery technology company that is a pioneer in batteries with Extreme Fast Charging (XFC) technology.

"The investment in StoreDot is the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&D in advanced cell chemistry & manufacturing as well as other battery technologies and new energy systems," the EV makers said in a statement.

As part of the investment in StoreDot, Ola Electric will have access to the company’s state-of-the-art XFC battery technology that charges a battery from 0 to 100% in just 5 minutes. Ola will also have exclusive rights to manufacture batteries integrating StoreDot’s fast charge technology in India.

Reliance Retail Ventures Limited (RRVL) has acquired 89 percent equity stake in Purple Panda Fashions Private Limited, which owns and operates intimate wear brand Clovia.

RRVL made an investment of Rs 950 crore  in the company through a combination of secondary stake purchase and primary investment, according to an official statement.

Clovia, launched in 2013 by Pankaj Vermani, Neha Kant & Suman Choudhary, is a bridge-to-premium D2C brand for women's innerwear and loungewear.

Amid sharp upside movement on Thursday trade session, ace Indian investor Rakesh Jhunjhunwala's net worth grew around ₹861 crore after decent rise in his two portfolio stocks — Titan Company and Star Health Insurance. Titan share price yesterday appreciated from ₹2587.30 to ₹2706 apiece levels, logging ₹118.70 per share rise on Thursday session. Similarly, Star Health share price surged from ₹608.80 to ₹641 apiece levels, ascending ₹32.20 per share on Thursday session.

According to Titan Company's shareholding pattern for October to December 2021 period, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have invested in the company. Rakesh Jhunjhunwala owns 3,57,10,395 Titan Company shares, which is 4.02 per cent of total issued paid-up capital of the company. Similarly, Rekha Jhunjhunwala holds 95,40,575 Titan shares or 1.07 per cent stake in the company. So, Jhunjhunwala couple together own 4,52,50,970 company shares or 5.09 per cent stake in this Tata Group flagship company.

India on Thursday did not rule out buying crude oil at discounted rates from Russia, with external affairs ministry spokesperson Arindam Bagchi pointing out that several European countries were still importing energy from Russia.

Moscow has reportedly offered crude oil and other commodities at a discount to New Delhi, at a time when the Russian economy has been hit hard by sanctions imposed by the US and its allies over President Vladimir Putin’s invasion of Ukraine. As the West seeks to isolate Putin, US officials have acknowledged India’s dependence on Russia for military hardware but said they would like to see New Delhi distancing itself from Moscow.