Ola
SoftBank sold 1.2% stake in Ola Electric between January-October
The investor also sold rights entitlements to subscribe to an additional 1.12 crore shares, according to a disclosure filed with the stock exchanges. Ola Electric is in the process of raising Rs 1,000 crore through a rights issue of partly paid-up equity shares.
Ola Electric’s Rs 1,000-crore rights issue fully subscribed ahead of closing date
The rights issue, which opened on Thursday, will close on October 30. Shareholders could sell or transfer their rights entitlement in the market until October 26. The company finalised the terms of the issue earlier this month, setting the price at Rs 27 per share, a 26% discount to its market value.
SoftBank sells 1.21 crore Ola Electric rights entitlements as EV maker seeks to raise Rs 1,000 crore
SoftBank sold nearly 28% of its Ola Electric rights entitlements over two sessions as the company launched a Rs 1,000-crore rights issue. Meanwhile, Motilal Oswal entities applied for 2.39 crore shares amid declining revenue and persistent losses.
Ola Electric shares dip 5% after Goldman Sachs downgrades stock to Sell. Here’s why
Ola Electric shares fell sharply on Friday after Goldman Sachs downgraded the stock to Sell from Neutral and cut its target price to Rs 23, implying a 28% downside. The brokerage lowered its FY27-FY29 revenue estimates by up to 10%, citing prolonged operating losses and challenges in sustaining market share.
Mercedes plans bigger India play with greater localisation of parts
Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to achieve record annual sales if the current trend continues. Ola Kallenius, the global chairman, highlighted the potential for Indian suppliers to support global operations. The company has committed an additional investment of ₹200 crore, raising total investments to ₹3,200 crore.
From bikes to billions: Rapido’s gross order value quadruples in two years to $4 billion
The Bengaluru-based company is averaging around 8.3 million orders a day across its services, making it one of India’s largest consumer internet platforms by transaction volumes. Ride-hailing continues to comprise more than 95% of the company’s daily average orders.
Motilal Oswal entities apply for 2.39 crore Ola Electric shares in Rs 1,000-crore rights issue
Motilal Oswal Financial Services and Calliope Capital Advisors have put in their bids for shares in Ola Electric Mobility's latest rights issue, which is set to raise Rs 1,000 crore by offering partly paid-up shares at Rs 27 each. The rights issue commenced on Thursday and will conclude on October 30, with crucial payment details outlined.
Electric two-wheeler sales hit record 2.24 lakh units in October on festive demand, new models
TVS Motor retained its leadership in October, nearly doubling registrations to 60,433 units and expanding its market share to 27% from 20.6% in the same month last year. Hero MotoCorp also gained ground, with its share rising to 13.4% from 10.9%, while Bajaj Auto maintained its market share at nearly 22%.
Cognizant eyes Sarvam stake; Ather aims for higher market share
Happy Wednesday! Cognizant has held discussions to invest in homegrown AI startup Sarvam. This and more in today’s ETtech Morning Dispatch.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities rallied nearly 2%, with Sensex gaining 1,225 points and Nifty rising 370 points. Falling crude prices, renewed FII buying, resilient earnings and expectations of LTCG tax changes boosted sentiment, adding nearly Rs 4 lakh crore to market capitalisation.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian stock markets surged nearly 2% on November 2, with Sensex gaining 1,233 points and Nifty rising 388 points. Falling crude oil prices, strong corporate earnings, positive global cues and foreign investor buying boosted sentiment.
Fintechs fortify cyber defences; Logistics cos in the speed lane
Happy Monday! Fintechs are stepping up security as AI-powered cyberattacks become more sophisticated. This and more in today’s ETtech Morning Dispatch.
Ahead of Market: 10 things that will decide stock market action on Monday
Sensex and Nifty ended the week up about 0.5%, supported by resilient large-cap, IT and healthcare stocks. However, midcap and smallcap indices fell as much as 2% amid rising crude oil prices, inflation concerns and a global technology sell-off.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Sensex and Nifty closed marginally lower as elevated crude oil prices and Fed uncertainty tempered sentiment. Smallcaps surged over 2%, midcaps gained over 1%, and market breadth favoured bulls, with 2,455 NSE stocks advancing.
Swiggy’s Q2 report card; eMudhra to exit certificate biz
Swiggy continued on its growth trajectory while bringing down losses in Q2FY27. This and more in today’s ETtech Top 5.
Practo founder’s Cent raises $15 million from Blume Ventures, South Park Commons
The round, comprising equity and debt, comes nearly eight months after the Bengaluru-based company raised an undisclosed amount from South Park Commons and OneFlow Holdings, Shashank’s family office. Cent did not disclose its valuation or the equity-debt split.
byteXL strengthens leadership team to fuel AI and skilling push
byteXL has appointed four senior executives across operations, business, strategy and finance as it prepares to scale its institutional network from 40 to 120 colleges and reach 500,000 students over the next two years. The company is also expanding programmes in AI, GCCs, electric vehicles, semiconductors and precision engineering as it shifts towards a deeper technology focus.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities rallied over 1% on Thursday as the Federal Reserve held interest rates steady, crude prices eased and institutional buying strengthened sentiment. Sensex gained 905 points, while Nifty rose 238 points, adding nearly ₹5 lakh crore in market value.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets closed lower on Wednesday as rising crude oil prices and Middle East tensions hurt sentiment. Sensex fell 353 points to 73,246, while Nifty slipped 51 points to 22,699 despite a late recovery.
Smallcap stocks rally up to 21% in 2 days: Should you chase the rush or book profits?
In the last two trading sessions, smallcap stocks have experienced an impressive resurgence, with certain stocks posting significant gains. As investors weigh their options, they face the decision of whether to capitalize on this upswing or secure profits amidst growing caution. Technical analysts identify critical resistance levels, foreseeing possible pullbacks. They recommend partial profit-taking at these points while also highlighting several stocks with promising recovery signs for potential purchases.
E-bike startup Ultraviolette targets 10,000 monthly sales by 2027-end
E-scooters account for close to 20% of new scooter sales in India, while electric motorcycles make up less than 1% of new motorcycle sales, he added. He expects electric motorcycle adoption to pick up as more manufacturers introduce products, similar to the increase seen in e-scooter penetration over the past three years.
F&O Talk: Nifty plunged 2% this week. Are charts indicating a deeper sell-off?
SBI Securities’ Sudeep Shah expects continued weakness in Indian equities as FII positioning, rising volatility and technical indicators point to further pressure. He identifies key Nifty support and resistance levels and flags IT as a relatively stronger sector.
Swiggy narrows loss in Q2; eMudhra cofounder on what went wrong
Happy Friday! Swiggy reported a rise in revenue in Q2 FY27 while cutting its losses. This and more in today’s ETtech Morning Dispatch.
Broader markets crash! Small, midcap indices tumble up to 4%. Why analysts are sounding the alarm
Smallcap and midcap stocks plunged up to 4% on Friday, extending a sharp weekly selloff as analysts warned that valuations remain difficult to justify. The Nifty Smallcap 250 index has fallen around 8% this week, while the Nifty Midcap 100 is down 6%, despite a resilient earnings growth outlook.
eMudhra shares crash another 4%, down 40% in 3 sessions. What's behind this free fall?
eMudhra will exit its global SSL/TLS certificate business following a security incident involving compromised private keys linked to eight intermediate Certificate Authority certificates. The segment contributes about 1% of its global revenue. The development follows a sharp 37% decline in eMudhra shares over the previous two trading sessions.
Chapter Home raises Rs 63 crore from Bessemer, Stride Ventures, others
The startup plans to use the capital to strengthen product development, expand into new categories, invest in technology and brand building, and scale up distribution.
Vodafone Idea appoints ex-Ola Electric executive Manoj Murali as COO
Vodafone Idea Ltd has appointed Manoj Murali as its new Chief Operating Officer, effective October 19. Manoj Murali brings over 25 years of experience in the telecom sector, having worked with companies like Reliance Jio and Bharti Airtel. He was most recently the Chief Business Officer at Ola Electric and has diverse operational expertise.
OIa Electric rights issue: Last day to buy EV scooter maker’s shares to be eligible for Rs 1,000 crore rights issue
The Bhavish Aggarwal-led company last week fixed the issue price for its rights issue at Rs 27 per equity share, around 23% lower than the stock’s previous closing price of Rs 35.13 apiece on NSE, with the amount payable in two calls.
Ather Energy gets Irdai licence, will distribute and service insurance policies
The Insurance Regulatory and Development Authority of India granted the subsidiary a certificate of registration on October 15 to act as a corporate agent (composite), Ather Energy said in a stock exchange filing on Thursday. The registration covers life, general and health insurance.
Giant 'heat storms' are scorching the Earth. This is the story of the biggest one on record
Heat storms have increased dramatically, causing severe global consequences including excess deaths and environmental catastrophes. Recent heat storms have been identified as a new classification, representing larger and more persistent heat events. The intensity of these heat storms has worsened due to climate change and greenhouse gas emissions. Associated weather patterns have significantly disrupted ecosystems and agriculture worldwide.
Origin raises $20 million to scale construction robots, targets 150 deployments by 2027
The San Francisco and Bengaluru based company, which emerged from stealth, will use the capital to build out its robot fleet and conduct customer pilots, including with two of the largest drywall finishing contractors in the US. Further pilots are planned in Germany, Sweden, France and Saudi Arabia.
Bonus, dividends, rights issues and stock splits: TCS, Vedanta, Ola Electric among 14 stocks turning ex-record date this week
Around 14 companies, including TCS, Vedanta and Ola Electric Mobility, have key corporate action dates scheduled between October 12 and 16. The announcements cover dividends, bonus issues, rights issues, stock splits and share consolidations.
10-minute househelp startups & their crore-sized losses
Latest financials reported by Snabbit and Urban Company on Friday point to heavy cash burn in the race to deliver household services within 10 minutes. This and more in today’s ETtech Top 5.
Ola Electric board approves rights issue at 26% discount; shareholders to pay in two calls
Ola Electric has announced a rights issue price of Rs 27 per share, significantly below its market value, aiming to garner up to Rs 1,000 crore. Investors will pay 60% of this amount upfront, with the remainder due later. Chairman Bhavish Aggarwal intends to fully subscribe to his portion, using a pledged stake. This funding could ease debt burdens and assist the company in achieving cash breakeven.
Ola Electric shares drop 4% as EV maker plans Rs 1,000 crore rights issue
The company's board approved the terms of the rights issue at its meeting held on Wednesday, October 7, following the in-principle approvals received from BSE and NSE on October 6.
Two-wheeler maker Ola Electric fixes Rs 1,000 crore rights issue at Rs 27 per share
The company’s board approved the terms on Wednesday, a week after it had announced plans to raise up to Rs 1,000 crore through a rights issue without finalising the price and other key terms.
Vedanta dividend alert! Last day to buy shares of Anil Agarwal-led company for Rs 5/share dividend
The company last week declared the interim dividend, which marks its first payout since the stock adjusted for its mega demerger earlier this year. The total dividend payout will be Rs 1,955 crore. Vedanta is closely watched by investors for its consistent track record of dividend payments.
Stocks in news: TCS, Adani Enterprises, Ola Electric, HCL Tech, Tata Power and Varun Beverages
Indian equities fell as the Reserve Bank of India increased the repo rate by 25 basis points. The Nifty 50 closed down 0.76%, facing resistance at the 22,800 level. Key corporate developments regarding Adani Enterprises, Tata Consultancy Services, Ola Electric, and HCL Tech will be in focus. Other companies like Jubilant FoodWorks and Bank of Baroda also reported significant updates.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian benchmark indices reversed early gains on Monday, with the Sensex falling 548 points and the Nifty closing below 22,400 amid persistent FII selling, rising bond yields and geopolitical concerns. Investors will track key stocks, global cues, crude oil prices, inflation data and earnings expectations for Tuesday’s market direction.
Ola Electric promoter Bhavish Aggarwal pledges 4.32% stake to fund rights issue
Last week, Ola Electric’s board approved a rights issue of partly paid-up equity shares to raise up to Rs 1,000 crore. The board is yet to finalise key terms of the issue, including the total number of shares, issue price, timing and payment terms.
Ola Electric defers board meeting on Rs 1,000 crore rights issue
The company had said in a separate filing on Sunday that CEO Bhavish Aggarwal pledged a 4.32% stake in the company to participate in the rights issue.
Ahead of Market: 10 things that will decide D-Street action on Monday
Sensex and Nifty snapped their eight-week losing streak on Friday, surging over 1% as IT stocks rallied and crude prices eased. The rebound added more than Rs 4 lakh crore to BSE-listed companies’ market capitalisation, while positive market breadth favoured bulls.
Menlo Ventures on AI slowdown; Ola Electric CEO pledges stake
Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch.
The ET Startup Awards 2026 special
Happy Monday! The Economic Times Startup Awards (ETSA) 2026 ceremony brought together the country’s top founders, investors, and policymakers in Bengaluru for a Friday evening of sharp insights and spirited conversations.
Startup of the Year Groww bets on scale; Qcomm sparks festive credit surge
Happy Thursday! Groww is betting its newer businesses will take a bigger slice of its income. This and more in today’s ETtech Morning Dispatch.
Investors’ bets on Ola shrink as EV, ride-hailing businesses lose ground
As competition intensifies, SoftBank Group and fellow investors in Ola are grappling with a substantial reduction in their holdings' valuations. Ola Cabs is increasingly losing ground to competitors like Rapido and Uber, alongside a notable decline in Ola Electric's electric two-wheeler market share. While the company confronts financial hurdles and operational setbacks, a number of investors successfully realized returns through strategic share sales prior to value drops.
SC orders enhanced beat patrolling in Delhi, verification of public transport vehicles' drivers
The Supreme Court has mandated enhanced beat patrolling in Delhi, particularly near educational institutions. It emphasized strict verification of drivers and assistants in public transport vehicles to increase safety. Additionally, the Court called for monitoring through dedicated control room command centres for effective crime response. Citizens are encouraged to report grievances, and regular engagement meetings will be instituted by the police.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets plunged on Thursday as RBI policy tightening, persistent FII selling, rising bond yields and rupee weakness battered sentiment. The Nifty hit a 52-week low of 22,179, while the Sensex fell 1,045 points, wiping out over Rs 10 lakh crore.
Trev plans 2,500-vehicle premium EV fleet by 2031, raising $2 million
Aiming to elevate its electric vehicle fleet from 105 to 300 by the close of the financial year, Trev Mobility is in the process of raising $2 million, having almost reached $1 million in funding thus far. With its fleet comprising deluxe electric vehicles, Trev offers distinct services outside mainstream ride-hailing markets.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets ended lower on Wednesday as the Sensex fell 429 points and Nifty dropped over 173 points, snapping a two-session rally. Investors reacted to the RBI’s rate hike and calibrated tightening stance, while banking stocks gained and broader sentiment remained cautious.
Migrants in Germany fear impact of far-right AfD's election success in Saxony-Anhalt
The recent electoral success of the Alternative for Germany party has alarmed many migrants in Saxony-Anhalt. Many families are reconsidering their future in Germany due to rising hostility. Ola Akhras and her husband are contemplating returning to Syria because they feel unwelcome. Mohamad Aldabagh intends to stay and contribute, despite facing discrimination. The situation raises concerns about the treatment of migrants amid increasing anti-immigrant sentiment.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities extended their rebound for a second session, with Sensex rising 685 points and Nifty gaining over 220 points. Falling crude prices, strong Q2 business updates and positive global cues lifted investor sentiment, adding nearly Rs 5 lakh crore to BSE market capitalisation.
Ola Electric board approves Rs 1,000 crore fundraise via rights issue
The issue will be offered to eligible shareholders as of a record date, which will be announced later, the filing said. The board is yet to finalize key terms of the issue, including the total number of shares, issue price, timing, and payment terms.
Listed startups unlock Rs 25,000 crore for VC, PE investors
An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investors including Japan’s SoftBank group and venture capital firms Peak XV Partners, Elevation Capital and Accel.
Ahead of Market: 10 things that will decide stock market action on Monday
Sensex and Nifty extended losses for a fourth session as heavy FII selling, surging bond yields and elevated crude prices rattled investors. The selloff erased Rs 5 lakh crore in market value, while analysts advised long-term investors to accumulate gradually.
Electric two-wheeler sales cross 15 lakh in just nine months as adoption rockets
E2W registrations rose 7.7% month-on-month to 1.97 lakh units in September, taking cumulative registrations in January-September to 15.61 lakh units, according to Vahan vehicle registration data, a proxy for sales. In comparison, in 2025, EV two-wheeler makers sold a total of 9.61 lakh units during the same period.
Ola Electric shares tumble 9% after 17% rally in 4 days. Why brokerages remain cautious
Ola Electric shares fell sharply on Friday, snapping a four-day winning streak as investors assessed the EV maker’s proposed rights issue and ongoing funding needs. Despite a recent recovery, the stock remains well below its peak. Brokerages including Citi and Kotak continue to maintain bearish views, citing operational and cash-burn concerns.
'Make the apps accountable’: Delhi HC puts Uber, Ola, Rapido on notice over women’s safety
The Delhi High Court initiated a plea for improved safety measures for women using app-based cab services. Authorities and ride-hailing companies are required to respond to safety concerns about driver verification and emergency protocols. The court emphasized the need for a 24x7 Command and Control Centre to address passenger emergencies effectively. Furthermore, the court demanded mandatory training for cab drivers on gender sensitivity and appropriate conduct.
Ola Electric shares up 88% from record low: What’s behind the gains?
Shares of Ola Electric surged by 2.5% after a streak of five days of increases, yet they remain below previous peaks. The company has earned incentives of Rs 536.3 crore under the PLI scheme. Additionally, Ola Electric is set to raise Rs 1,500 crore and shift to a dealership approach.
Piyush Goyal to headline ET Startup Awards; The Souled Store eyes fundraise
Happy Tuesday! Meet our distinguished guest of honour for The Economic Times Startup Awards 2026. This and more in today’s ETtech Morning Dispatch.
Ola Electric shares soar 10%, stock rallies 86% in 6 months. More upside ahead?
Ola Electric shares surged nearly 10%, extending their three-session rally and gaining over 86% in six months from the March low. Brokerages, however, remain cautious amid weak volumes, lower margins and continued cash burn.
Ola Electric to consider rights issue as it looks to raise fresh capital
The proposed fundraise, which will be subject to regulatory and statutory approvals, comes weeks after the company’s board okayed plans to raise up to Rs 1,500 crore through equity shares and other securities.
Palmonas' offline push; IndiaAI's GPU crunch
Happy Thursday! Demi-fine jewellery brand Palmonas is betting on offline stores, cofounder Pallavi Mohadikar said. This and more in today’s ETtech Morning Dispatch.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities declined for a third straight session, with Sensex losing 49 points and Nifty falling 96 points as rising bond yields weighed on sentiment. Broader markets gained, while analysts highlighted crude prices, inflation and monetary policy uncertainty.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Nifty’s indicative price plunged 2% in two seconds during the closing auction session on monthly expiry, before recovering sharply. Analysts cited crude volatility, high US Treasury yields, FII outflows, IPO fundraising and geopolitical tensions as key market pressures.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equity benchmarks Sensex and Nifty ended higher on Friday, bouncing back to close at 73,896 and 23,140.50 respectively. Geojit’s Vinod Nair cited strong domestic liquidity holding Nifty above 23,000, while elevated crude prices and persistent foreign outflows continue to cap near-term market upside ahead of Monday's trade.
Patchwork algorithms get the job done: What is helping curb skyrocketing costs of enterprise AI?
As businesses navigate the AI frontier, many are embracing a blend of advanced models to address distinct needs effectively. Industry giants such as Snowflake and Nvidia are pioneering model-routing solutions, while innovative startups in India are joining the ranks. Research shows that leveraging multiple models can enhance efficiency and cut costs, though factors like language quality and security challenges impede progress.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities plunged on Monday as the Sensex fell 1,124 points and Nifty dropped over 360 points, wiping out nearly Rs 8 lakh crore in market value. Surging oil prices, bond yields, geopolitical tensions and rate-hike concerns drove broad-based selling.
Mehli Mistry steps down as trustee of Tata Medical Centre Trust, declines re-election
Mehli K Mistry has decided not to seek re-election as a trustee of the Tata Medical Centre Trust. His current term is set to end on September 30, 2026, marking a significant transition. Mistry previously stepped down from various key Tata trusts and companies amid structural changes. He emphasized the importance of transparency and good governance, adhering to Ratan Tata's vision.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities closed higher on Wednesday, with Sensex gaining 299 points and Nifty rising 118 points as crude prices eased below $99. Broader markets outperformed, while metals and banking stocks led gains amid stronger domestic growth signals and positive market breadth.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities suffered a sharp selloff, with Sensex plunging 1,248 points and Nifty falling 1.6% as US Treasury yields hit 19-year highs, crude stayed above $100 and geopolitical concerns intensified. Financial stocks led losses, while market breadth remained heavily negative.
VCs hungry for kitchen startups; Vala Afshar’s blueprint for India’s AI future
Happy Thursday! Venture capital investors are betting on the premiumisation wave wafting into Indian kitchens. This and more in today’s ETtech Morning Dispatch.
How to trade PB Fintech shares after falling 12% from day’s high? This technical analyst explains
PB Fintech shares extended their sharp selloff on Friday, falling 5% after plunging 36% in the previous session. Technical analysts flagged weak momentum, broken support levels and bearish indicators, while brokerages lowered targets or retained cautious views amid concerns over proposed IRDAI changes and their potential impact on Policybazaar’s earnings.
Asian Games 2026: Indian Army officer couldn't swim, began rowing despite being afraid of water; now he has won a bronze medal in Japan
Asian Games 2026 medal winner: Naib Subedar Salman Khan, who once drove a cab on the Delhi-Gurgaon road to support his family after his father's death, has won bronze in men's double sculls rowing at the Asian Games in Nagoya. Despite being afraid of water and unable to swim, he was pushed into the sport by Army coaches, overcame a last-minute change of partner just five days before the event, and finished on the podium alongside Satnam Singh
India’s cab game has a new green player: A Vietnamese behemoth aiming to win fast
Green SM enters India with a controlled electric vehicle fleet, challenging the aggregator model. This Vietnamese company aims for a premium segment, unlike Uber and Ola's mass-market approach. BluSmart's prior electric fleet operations faced challenges after regulatory issues arose. Green SM's strategy is closely linked to VinFast, its parent automotive ecosystem. Success hinges on managing fleet costs and attracting customers to its premium electric service.
Ola Electric ordered to refund Rs 1.34 lakh and pay another Rs 1 lakh in compensation and legal costs after failing to deliver Roadster X Plus bike despite receiving full payment
Ola compensation news: A consumer commission ordered Ola Electric to refund a customer Rs 1,34,161. This followed the company's failure to deliver an electric motorcycle for months after full payment. The commission also awarded Rs 90,000 for loss of livelihood and mental agony. Ola had argued delivery dates were indicative and depended on availability. The commission found Ola's explanation for the delay insufficient and ordered payment within 45 days.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities reversed morning gains on Tuesday, with Sensex falling 330 points and Nifty closing lower after sharp volatility during the closing auction session. F&O expiry, foreign outflows, geopolitical uncertainty, IT pressure and elevated crude prices weighed on market sentiment.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities gained on Monday as cooling oil prices and positive global cues lifted sentiment. Sensex rose 564 points to 74,859, while Nifty gained 68 points to 23,414. Market capitalisation increased nearly Rs 2 lakh crore, despite mixed market breadth.
Govt tells cab aggregators to stop advance tipping before rides, calls practice misleading and unfair
Due to concerns over misleading practices, the government has mandated that cab aggregators remove the option for advance tipping. Authorities have deemed this tactic an unfair trade practice, resulting in Rapido being fined ten lakh rupees. As investigations into Uber and Ola persist, it’s established that tipping must remain at the discretion of consumers after their journey.
Ola Electric shares surge 7%. What’s triggering the sharp uptick in EV major?
Ola Electric shares rallied on Thursday as value buying emerged after three consecutive sessions of decline. Around 6.87 crore shares worth Rs 270 crore were traded. The buying interest followed the company’s launch of its first batch of dealer-operated stores.
Rapido faces Rs 10 lakh penalty over ‘pay more, get a ride’ prompts, dark patterns in app
The Central Consumer Protection Authority fined Rapido Rs 10 lakh for misleading interface designs. Rapido used dark patterns like 'Confirm Shaming' and 'Interface Interference' to nudge riders. The authority also found the platform guilty of misleading advertisements and unfair contract terms. This action follows a sector-wide examination into advance tipping and dynamic pricing.
Ather & Ola Electric: A tale of two contrasting rides
Ather Energy's stock price has significantly increased since its IPO. Ola Electric's shares are currently trading below their initial public offering price. Ather's average monthly sales have risen, while Ola's have declined sharply. Product development and management strategy differentiate these two electric scooter companies. Hero MotoCorp continues to invest in Ather, showing strong confidence in its future.
How Ather powered past Ola; Apple's first foldable iPhone
Ather Energy has surpassed Ola Electric in sales and other metrics. This and more in today’s ETtech Top 5.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities ended mixed on Thursday as Sensex slipped 22 points after sharp volatility during the closing auction session, while Nifty gained 53 points. Mid- and small-caps outperformed, with capital goods, industrial, defence, power and healthcare stocks attracting buying interest.
Ola Electric approves Rs 1,500 crore fundraise; COO Hyun Shik Park quits
Ola Electric plans to raise up to Rs 1,500 crore through various share issuance methods. This significant fundraise follows a recent Rs 780 crore capital infusion in June. Separately, Chief Operations Officer Hyun Shik Park has resigned from the company citing personal reasons. The electric two-wheeler maker faces increased competition and declining market share. Ola Electric is working to improve sales and its financial performance.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities rebounded on September 16 after Tuesday’s sharp sell-off, with Sensex gaining 333 points and Nifty rising 99 points. Large caps led gains, while broader markets declined. Groww, Paytm and Pine Labs featured among the most active stocks.
Ola Electric shares gain 4% as EV maker rolls out first dealer-led stores
Ola Electric shares rose nearly 4% after the EV maker launched its first dealer-led stores across seven states. The move comes a month after opening its sales and service network to partners. Ola Electric plans to expand to more than 500 dealerships over the next couple of quarters to strengthen its retail presence.
Ola Electric opens first batch of dealer-led stores, targets 500+ outlets
Ola Electric has opened its first dealer-operated stores across seven Indian states. This strategic shift aims to deepen its presence in regional markets and improve product accessibility. The company plans to establish over 500 dealerships in the coming quarters. Existing company-owned stores will transition into brand product experience centers. This move is expected to boost electric vehicle adoption among Indian households.
Ola Electric opens first dealer-led stores across India
Ola Electric has launched its first dealer-operated stores across India. This strategic shift aims to deepen its product ecosystem nationwide. The company plans to establish over 500 dealerships in coming months. Ola Electric is facing declining sales and market share amid competition. BVR Subbu rejoins as senior advisor to support this network rollout.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian markets reversed morning gains to plunge over 1% on Tuesday as surging oil prices, rising bond yields, global uncertainty and foreign outflows pressured sentiment. Nifty breached 23,231 support, while 2,824 NSE stocks declined, signalling strong bearish market breadth.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities recovered sharply from Friday’s lows as easing oil prices and bond yields lifted sentiment. Sensex and Nifty closed lower, while weak breadth, foreign outflows and geopolitical risks kept bears in control despite selective buying and resilient domestic fundamentals.
Ola Electric board to meet on September 5 to consider fresh fundraise
The company said its board will consider various permissible routes for the proposed fundraising, including a private placement, qualified institutional placement (QIP), preferential issue, or a combination of methods.
Supreme Court refuses to entertain PIL raising concerns over HPV vaccination campaign
The Supreme Court declined to hear a petition questioning the HPV vaccination program. The court suggested ordinary compensation rules would apply for any incorrect vaccinations. It expressed concern that the plea might derail a vital health initiative for girls.
