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Nikhil Kamath buys big part of Sachin Bansal's stake in Ather

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The way gold has been surging for the past few days, it seems like a healthy correction might occur in the gold market in the coming days.

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Electric vehicle maker Ather Energy is targeting a valuation of $2.4 billion for its IPO. This valuation will be up more than 80% from its last funding round in August. Hero motocorp is the biggest investor in Ather.

Hero MotoCorp Acquires 2.2% Stake in Ather Energy. Hero MotoCorp will purchase the additional shareholding from an undisclosed existing investor.

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