OLA LOGISTICS
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.
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.
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.
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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.
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.
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
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.
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.
Lenskart Q1 profit jumps; Tata stocks tumble
Lenskart posted a strong first quarter, with profit nearly quadrupling. This and more in today's ETtech Top 5.
Big shift: Ola Electric moves to dealership model amid market share wipeout
Ola Electric said its company-owned stores, which were instrumental in building consumer awareness and trust in its early years, will gradually transition into brand and product experience centres. Dealer partners will instead drive local sales, service and expansion across the country.
Ola launches zero percent commission model across India; drivers to keep entire fare earnings
However, according to Shaik Salauddin, founder president of the Telangana Gig and Platform Workers Union, before the ride, the drivers have to pay for a recharge. So, though the commissions may have been removed, the drivers still end up paying the aggregator firms in the form of subscription fees.
Stocks in news: Tata Technologies, Ola Electric, Nestle, HDFC Bank, Wipro
Markets experienced a slight downturn amid volatility, influenced by weak cues. Tata Technologies saw TPG likely selling a stake via block deal, while Ola Electric witnessed Citigroup acquiring shares. Nestle's permanent employee count decreased despite increased capital expenditure, and Wipro secured a multiyear deal to drive growth through AI-powered tech services.
Uber to offer logistics services through ONDC network
Uber is set to introduce B2B logistics through the ONDC network, initially focusing on food deliveries before expanding to other sectors like e-commerce and healthcare. This move follows similar initiatives by Ola and Magicpin in the food and beverage segment.
Ola Consumer’s FY24 revenue falls 21% to Rs 2,368 crore
Ola's full-year Ebitda, excluding discontinued operations, grew more than threefold to Rs 271 crore, from Rs 87 crore in the previous year, the company said in a statement on Thursday
Stocks in news: Zomato, Paytm, Bajaj Finance, Ola Electric, Eicher Motors
Shares of Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Beverages and ICICI Pru Life will be in focus ahead of the second quarter results today.
Logistics-as-a-service on ONDC hits 1 million transactions in June
A significant proportion of the on-network logistics orders are also currently being fulfilled by Ola, said ONDC. Players like Pidge, Loadshare, Shadowfax, Adloggs and Zypp have recorded more than 50 per cent month-on-month growth, it said.
Ola eyes grocery and fashion foray on ONDC
Ola expands e-commerce via ONDC, adding groceries and fashion. Uber may use ONDC for diversification. Ola sees profitability with Rs 250 crore Ebitda in FY23, revenue grows 58%, loss reduces 65%.
Ola e-bike service fares to start from just Rs 25: Here's all you need to know
Ola Mobility plans to deploy 10,000 electric two-wheelers in three cities in the next two months. The company will gradually expand its service across India by the end of the year. Ola announced the launch of e-bike service in Delhi and Hyderabad, following a pilot project in Bangalore. With this deployment, Ola claims to have the largest EV 2W fleet in the country. The company aims to offer affordable and sustainable commuting solutions and has already set up 200 charging stations in Bangalore.
Ola Cabs Ebitda profitable; electrification, premiumisation the future: new CEO Bakshi
At an ebitda level, the standalone ride-hailing business earned Rs 250 crore in FY23, Bakshi said, against an ebitda-level loss of Rs 66 crore the previous year. It also saw revenue grow over 58% to Rs 2,135 crore during the year, he added.
Ola launches parcel pick-up-and-drop service in Bengaluru
Ola is the latest entrant in the country’s parcel pick-up-and-drop service segment, where it will compete with ride-hailing firms Rapido and Uber, as well as hyperlocal ecommerce platforms Swiggy Genie and Reliance Retail-backed Dunzo.
Ola Parcel launching today in Bengaluru. Here's all you need to know about it
Ola Parcel will charge Rs 25 for 5km, Rs 50 for 10km, Rs 75 for 15 km, and Rs 100 for 20km.
Ola to provide free Covid-19 vaccination for employees and dependents
The vaccination drive will also be extended to all the direct contractual employees, consultants, advisors of the company and their immediate dependents including spouse, kids and parents, which the company said comprised more than 24,000 people.
Electric Vehicle startup EVage raises strategic investment from mobility veteran
EVage's team of experts from Aerospace, Automotive Design, and Battery Manufacturing industries are focused on addressing the specific mobility needs of India's rapidly growing logistics and e-commerce segments.
Foodpanda adds discounts to menu to boost volumes
Delivery firm Foodpanda has launched a slew of discounts and offers across desserts, snacks and biryani in a bid to boost the order volume on the platform.
Ola hails new CFO, HR chief
Ola has seen a string of exits amid new senior level recruitments in 2017.
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