DELAYED VEHICLE DELIVERY
Ola Electric says demand outstrips supply, targets 25,000 vehicles in December
Ola Electric Mobility is experiencing high demand for its electric two-wheelers, causing supply constraints. The company plans to ramp up production to approximately 25,000 vehicles by December. Despite these plans, recent losses were reported along with a decline in consolidated revenue from operations. Ola Electric has significantly reduced its borrowings and expects to generate free cash flow soon.
Ola Electric Q2 Results: Loss narrows YoY to Rs 362 crore, revenue falls 39%
Ola Electric Q2 Results: The electric two-wheeler maker's revenue from operations fell 39% year-on-year (YoY) to Rs 421 crore from Rs 690 crore in the year-ago quarter.
Q2 Earnings Scorecard: Which sectors outperformed and which fell behind?
The September quarter results indicate strong revenue and profit growth in sectors like automobiles and banking. In contrast, sectors such as IT and pharmaceuticals showed weakness amid inflationary pressures. Automobile sector leaders like Maruti Suzuki and Bajaj Auto reported significant growth in sales and exports. L&T's orders surged, while the cement sector faced challenges with fluctuating prices.
India's invisible pain: The dirt in the air comes with a hefty price tag for economy and businesses
Severe pollution plaguing Indian cities is taking a toll on businesses. Restrictions placed on construction and transportation impede the movement of goods, leading to increased operational expenses. Many consumers are opting out of outdoor activities due to dangerous air quality, resulting in a drop in sales and foot traffic.
Tesla Cybertruck hits a dead end: Elon Musk's futuristic EV launched 4 years after unveiling, sold only 10% of his target, with its biggest buyer being another of the billionaire's companies
Elon Musk revealed that Tesla will halt Cybertruck production at Gigafactory Texas around mid-2027. The Cybertruck sold only 20,237 units last year, far below Musk's expectations of 250,000 units annually. Multiple delays and recalls significantly impacted the Cybertruck's journey since its unveiling in November 2019. Tesla plans to increase production of the Cybercab as part of its future strategy.
What went wrong with Tesla Cybertruck? Elon Musk says production will wind down in mid-2027
Tesla Cybertruck production: Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 as Elon Musk shifts manufacturing capacity towards the Cybercab. The decision follows years of production delays, repeated recalls, steep price increases and sales that fell short of the company's original ambitions.
- Go To Page 1
Tesla Cybertruck discontinued: Elon Musk suffers big setback after spending $446 million backing Republicans who lost in midterm
Cybertruck cancelled: Tech billionaire Elon Musk is facing new business challenges as Tesla plans to wind down Cybertruck production. After spending at least $446 million backing Republicans in the 2026 elections, Musk saw Democrats make major gains. House Democrats have also called for investigations into his work at DOGE and promised to scrutinize federal funding for his companies.
European shares rise as miners rally, tech stocks lag
European shares opened higher, led by mining stocks, as strong earnings from ArcelorMittal and easing oil prices supported sentiment. Technology stocks declined amid concerns over US policy scrutiny of AI infrastructure, while Rheinmetall plunged after cutting its sales forecast.
EV maker Eka plans production in line with infra readiness
Eka Mobility, a Pune-based electric vehicle maker, is facing delays with electric bus deliveries due to charging infrastructure issues. The company can only deliver around 2,000 electric buses from an order book of approximately 11,000 over the next two years. Depot readiness takes about a year as state transport needs to establish necessary infrastructure. Chairman Sudhir Mehta suggested that the government should separate depot development from bus procurement.
Indian auto's real test lies ahead after firecracker start to festive season
India’s passenger vehicle dispatches crossed the 5-lakh mark for the first time in October, with wholesales estimated to grow 13-15% year-on-year to 5.25-5.3 lakh units. Maruti Suzuki and Hyundai reported record monthly sales, while commercial vehicle makers also posted strong growth.
ideaForge records profit in Q2 as revenue rises 124% to Rs 91 crore
"Building on the steady start of the year in Q1 FY27, Q2 FY27 saw continued progress in order book execution, new product development, and preparations to capitalise on upcoming procurement opportunities," cofounder and chief executive Ankit Mehta said in a statement.
Bali's petrol queues offer a reality check for India's holidaymakers
Bali is currently facing a fuel supply crisis that is causing significant disruption for travelers. Traffic jams and fuel shortages have led to longer wait times for airport transfers and local commutes. Authorities have implemented measures to improve fuel distribution and manage demand effectively. Despite challenges, tourist arrivals remain steady, contributing to the local economy. Travelers are advised to check fuel availability before visiting popular attractions in Bali.
Woman found AC, TV damaged in shifting, 23 items missing; sought Rs 7.75 lakh compensation from movers; gets relief in consumer commission
The lady claimed that the AC was delivered in broken condition, which is beyond repair and the LED TV was also damaged. When she told this to the movers, they were allegedly not ready to accept their mistake and, in turn, blamed others. According to Ms Longchar, the movers agreed to pay Rs 25,000 for the damaged AC after a lot of hassle.
ET Prime Special Series: Multibagger or IBC - Part 81: Momentum in numbers will decide fate of this auto ancillary's stock
A few years back, the important question for this auto ancillary supplier was whether its investments and customer programmes would begin producing enough revenue. Today, the numbers look very different. Annual income has jumped, exports have risen, and a large overseas-linked order has helped deliver a record quarter. How much of the improvement is repeatable, and how much reflects an unusual opportunity?
Taxi driver seeks Rs 3,000 for phone left in car, what Bengaluru police did next surprises everyone
A business visitor's account of recovering his manager's lost phone in Bengaluru has drawn attention online after a dispute over its return allegedly escalated into a Rs 3,000 demand. The men approached the Chikkajala police after spending hours trying to resolve the issue themselves. The officers helped bridge a language barrier, contacted the driver and facilitated an arrangement to retrieve the device, prompting users to praise their response.
Zelenskyy says early warning system for Russian missile attacks resumes following call with Rubio
Ukrainian President Volodymyr Zelenskyy stated that his country is now receiving crucial early warning intelligence from partners. Recent Russian missile attacks caused significant civilian casualties, prompting Zelenskyy to seek more American assistance. Although U.S. officials deny any political directives to slow support, Zelenskyy expressed concerns over military supplies and restrictions. European countries continue to allocate substantial funding to support Ukraine amid these challenges.
Russian aerial blitz kills 9 in Ukraine as Zelenskyy meets US and European officials in Norway
Russia conducted missile and drone strikes across Ukraine, causing civilian casualties and significant damage to infrastructure. Ukrainian President Volodymyr Zelenskyy is in Norway seeking increased American and European support for his country. Despite ongoing attacks, Zelenskyy expressed concerns about the delay in U.S. military aid, including critical air defense interceptors. European nations have stepped up their support, fearing Russian aggression will extend further.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up 32%, according to analysts
History tells us that there is no way you can time the markets or predict its movement. But one thing can certainly be said: If the macro matrix, which at this point of time is being determined by oil prices globally, stays disturbed, the bears will rule the street for some more time.
How Elon Musk's 'flying car' can stick to ceilings and lift up from ground: Check booking details and will Tesla Roadster be legal?
Elon Musk’s Tesla Roadster has showcased stunts that seem to defy the laws of physics, from lifting off the ground to driving upside down. But the technology behind these moves is very different from what powers an ordinary electric car. Here’s how its rocket thrusters and suction system work, what makes its performance claims unusual, and whether buyers will be able to get their hands on this futuristic vehicle.
Watch it fly over cars using thrusters, do a backflip and land like a helicopter: The futuristic SpaceX-powered 2nd-generation Roadster by Tesla is here
Tesla revealed its redesigned second-generation Roadster at a Texas event attended by Elon Musk. The car features high-powered thrusters enabling it to perform unique maneuvers such as flight and jumping over vehicles. Tesla announced that the Roadster's deliveries are expected to begin in 2028 after significant delays. New reservations are being accepted, with varying trim options available for potential customers.
US CPI inflation rises as Iran war drives up fuel prices: How higher petrol and diesel costs could hit American households
American households are facing increased inflation and rising fuel prices just weeks before the midterm elections. Consumer prices rose unexpectedly in September, driven primarily by a significant rise in gasoline costs. The conflict involving the United States and Iran has contributed to these economic pressures, particularly affecting energy availability. As a result, businesses may need to increase prices on goods and services to offset higher operational costs.
Delhi's new protest site Ramlila Maidan has just 3 booking days left this year; cost tops Rs 1 lakh
Ramlila Maidan, one of three venues designated for protests in Delhi after Jantar Mantar was de-notified, has no available booking dates until December 29, except for December 30 and 31. Officials say a one-day booking requires an initial payment of about Rs 1.21 lakh, while traders and transport operators warn that demonstrations could worsen congestion around commercial markets, railway stations and major roads.
Columbus Day 2026: Christopher Columbus never landed in mainland US. So why is there a federal holiday for him?
Columbus Day 2026: Christopher Columbus never set foot on mainland US, yet America observes a federal holiday in his name. He even did not proof that the Earth is round. Here's how Columbus Day began, its connection to Italian American heritage and why the holiday remains controversial in the United States.
Trade, transport bodies oppose Delhi's Ramlila Maidan as protest site, cite impact on business
Trade and transport bodies have opposed Delhi Police’s decision to designate Ramlila Maidan as a protest venue, warning that demonstrations there could disrupt some of Old Delhi’s busiest wholesale markets and the movement of goods. They have urged authorities to shift protests to locations farther from commercial hubs, citing risks of traffic restrictions, delayed deliveries and higher transport costs.
GST Council meeting 2026: What may change as GST 2.0 takes aim at ITC, refunds, arrest powers and other reforms
GST Council Meeting 2026: The GST Council, meeting in New Delhi, is expected to propose significant reforms for tax administration. One reform will address arrest powers for tax officers, requiring court orders for detentions. Input tax credits on certain business expenses may also be unblocked, which could benefit various industries. Small taxpayers may see a simplified registration process and reduced compliance requirements.
GST Council meet starts with focus on ease of doing business, ITC overhaul and decriminalisation on agenda
The 57th GST Council meeting is set to consider major GST 2.0 reforms, including wider input tax credit eligibility, protection for genuine buyers from supplier defaults, faster refunds, simpler GST registration and MSME compliance relief. Proposed changes also include removing GST arrest provisions, raising the prosecution threshold, easing export rules and targeted rate tweaks across sectors.
GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine buyers to get relief
The GST Council will assess various procedural reforms aimed at simplifying tax compliance for businesses. Proposed measures include enabling small e-commerce vendors to register using platform warehouses. Additionally, the input tax credit for genuine buyers will be protected even if suppliers fail to remit tax.
Pakistan’s Imran Khan protests choke cargo routes as truckers refuse to move north
Pakistan's government has implemented measures to hinder supporters of Imran Khan from reaching Islamabad ahead of a planned march. Consequently, this has led to an accumulation of shipping containers in Karachi, affecting truck transport. As truckers fear confiscation of their vehicles, many have ceased operations heading towards Punjab. This situation has resulted in rising costs and significant delays for transporters, impacting their livelihood.
ET Prime Special Series: Multibagger or IBC - Part 78: A tech company hiding inside an auto-parts maker. But with a weak spot
This is one of the most exciting businesses in the sector: A technology company disguised as an auto-parts maker, growing fast, earning exceptional returns, and generating real cash. It is also one of the most concentrated. A single buyer accounts for roughly three-quarters of its sales, and a single type of component for roughly three-quarters of its material costs. The upside is obvious. The fragility is the part investors have to weigh.
Load More
