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Kolkata, Jul 15 (PTI) West Bengal Chief Minister Mamata Banerjee on Wednesday hailed the safe return of Indian astronaut Group Captain Shubhanshu Shukla from space, calling it a matter of national pride. Shukla, a 39-year-old Indian Air Force officer and test pilot, on Tuesday returned to the Earth after an 18-day stay at the International Space Station. Also Read | Will Samosa and Jalebi Display Cigarette-Style Health Warnings? PIB Fact Check Debunks Fake News, Says Health Ministry's Advisory ...Read More >
New Delhi, Jul 15 (PTI) Ola Electric could gain market share in the near term with relatively less disruption expected due to rare earth magnets shortage, according to a report by Goldman Sachs. The company has successfully developed heavy rare earths (HRE) free motors which are scheduled for production deployment in Q3 FY26. Also Read | Bodoland Lottery Result Today, July 15, 2025: Assam State Lottery Sambad Tuesday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. Ola Ele ...Read More >
BENGALURU: Shares of Ola Electric surged 19.75% on Monday to close at Rs 47.66, even as the company reported a sharp year-on-year drop in revenue and a consolidated net loss of Rs 428 crore for the quarter ended June 30, 2025. The stock hit an intraday high of Rs 47.76 on the NSE, up from its previous close of Rs 39.80.The rally came despite the company's revenue from operations halving to Rs 828 crore in Q1 FY26, from Rs 1,644 crore in the same quarter last year. On a sequential basis, revenue ...Read More >
New Delhi, July 14: Bhavish Aggarwal-led electric two-wheeler maker Ola Electric on Monday reported a consolidated net loss of Rs 428 crore in Q1 FY26, as revenue from operations also nosedived to Rs 828 crore -- a 49.6 per cent year-on-year decline from Rs 1,644 crore revenue in the same quarter last fiscal. The net loss widened by nearly 30 per cent (year-on-year) from Rs 347 crore net loss in Q1 FY25 for the company, according to its stock exchange filing. The e-scooter deliveries were also ...Read More >
India's startup IPO engine is back in high gear. Over the last few weeks, a dozen new-age companies -- including Meesho, Groww, PhysicsWallah, Pine Labs, Urban Company and Wakefit -- have filed draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI), collectively looking to raise almost Rs 20,000 crore in primary capital. The filings signal more than just a busy pipeline. They reflect a shift in tone: founders and their investors are no longer waiting for p ...Read More >
NEW DELHI: The Nifty Pharma index traded negative around 10:51AM(IST)on Wednesday in a weak market. Mankind Pharma Ltd.(up 1.71 per cent), Sun Pharmaceutical Industries Ltd.(up 0.69 per cent), Aurobindo Pharma Ltd.(up 0.63 per cent), Lupin Ltd.(up 0.48 per cent) and Laurus Labs Ltd.(up 0.41 per cent) were among the top gainers. Gland Pharma Ltd.(down 1.66 per cent), Torrent Pharmaceuticals Ltd.(down 1.29 per cent), Natco Pharma Ltd.(down 1.26 per cent), Cipla Ltd.(down 0.57 per cent) and Dr. R ...Read More >
NEW DELHI: The Nifty Realty index closed on a negative note on Tuesday. Shares of Raymond Ltd.(up 6.71 per cent), Sobha Ltd.(up 1.78 per cent), DLF Ltd.(up 0.68 per cent), Macrotech Developers Ltd.(up 0.53 per cent) and Oberoi Realty Ltd.(up 0.41 per cent) ended the day as top gainers in the pack. On the other hand, Brigade Enterprises Ltd.(down 1.35 per cent), Godrej Properties Ltd.(down 1.23 per cent), Prestige Estates Projects Ltd.(down 1.23 per cent), Phoenix Mills Ltd.(down 0.99 per cent) ...Read More >
NEW DELHI: The Nifty IT index closed on a negative note on Tuesday. Shares of MphasiS Ltd.(up 1.27 per cent) and Infosys Ltd.(up 0.32 per cent) ended the day as top gainers in the pack. On the other hand, Tech Mahindra Ltd.(down 0.94 per cent), Tata Consultancy Services Ltd.(down 0.94 per cent), HCL Technologies Ltd.(down 0.6 per cent), Wipro Ltd.(down 0.54 per cent) and Oracle Financial Services Software Ltd.(down 0.32 per cent) finished as the top losers of the day. The Nifty IT index close ...Read More >
NEW DELHI: The Nifty Auto index closed on a negative note on Tuesday. Shares of Balkrishna Industries Ltd.(up 1.29 per cent), Eicher Motors Ltd.(up 1.05 per cent), Maruti Suzuki India Ltd.(up 0.34 per cent), Ashok Leyland Ltd.(up 0.28 per cent) and Bajaj Auto Ltd.(up 0.28 per cent) ended the day as top gainers in the pack. On the other hand, Bharat Forge Ltd.(down 1.83 per cent), Samvardhana Motherson International Ltd.(down 1.74 per cent), Bosch Ltd.(down 1.12 per cent), TVS Motor Company Ltd ...Read More >
NEW DELHI: The Nifty Pharma index closed on a positive note on Tuesday. Shares of Laurus Labs Ltd.(up 2.93 per cent), Gland Pharma Ltd.(up 2.43 per cent), Biocon Ltd.(up 1.92 per cent), Zydus Lifesciences Ltd.(up 1.27 per cent) and Lupin Ltd.(up 1.19 per cent) ended the day as top gainers in the pack. On the other hand, Abbott India Ltd.(down 2.82 per cent), Ajanta Pharma Ltd.(down 2.78 per cent), J B Chemicals & Pharmaceuticals Ltd.(down 2.01 per cent), Alkem Laboratories Ltd.(down 1.83 per c ...Read More >
New Delhi, July 1: Bhavish Aggarwal-led Ola Electric sold 20,189 electric scooters in the month of June -- a massive 45 per cent drop (year-on-year) compared to 36,859 units from the same month previous year (June 2024), the government's VAHAN data showed on Tuesday. This decline has taken a toll on its market share, which has shrunk from 46 per cent in June 2024 to just 19 per cent now. The situation is no better on the stock market. Ola Electric, which is nearing the one-year mark since its p ...Read More >
New Delhi, July 1 (SocialNews.XYZ) Bhavish Aggarwal-led Ola Electric sold 20,189 electric scooters in the month of June -- a massive 45 per cent drop (year-on-year) compared to 36,859 units from the same month previous year (June 2024), the government's VAHAN data showed on Tuesday. This decline has taken a toll on its market share, which has shrunk from 46 per cent in June 2024 to just 19 per cent now. The situation is no better on the stock market. Ola Electric, which is nearing the one-year ...Read More >
New Delhi, Feb 7 (PTI) Ola Electric Mobility Ltd on Friday reported a widening of consolidated net loss at Rs 564 crore in the third quarter ended December 31, 2024 impacted by lower revenue due to enhanced competition and one-off cost to address service issues. The company had posted a net loss of Rs 376 crore in the third quarter last fiscal, Ola Electric Mobility Ltd said in a regulatory filing. Revenue from operations in the third quarter stood at Rs 1,045 crore as compared to Rs 1,296 cro ...Read More >
New Delhi, Dec 31 (IANS) The year 2024 has been historic for Indian startups as the government abolished the angel tax (a tax levied on investing in startups), which improved Indian startups' funding and enabled them to raise more than $12 billion. Along with this, food delivery company Zomato managed to make its place in the Sensex, the index of top companies in the country. Indian startup companies crossed the magical figure of getting $150 billion in funding in 2024. Between 2014 and 2024, n ...Read More >
NEW DELHI: The Nifty Auto index closed on a note on Wednesday. Shares of Hero MotoCorp Ltd.(up 1.36 per cent), Bharat Forge Ltd.(up 1.34 per cent), Ashok Leyland Ltd.(up 0.97 per cent), Bosch Ltd.(up 0.81 per cent) and Exide Industries Ltd.(up 0.74 per cent) ended the day as top gainers in the pack. On the other hand, Samvardhana Motherson International Ltd.(down 0.3 per cent), Eicher Motors Ltd.(down 0.24 per cent) and Tata Motors Ltd.(down 0.11 per cent) finished as the top losers of the day ...Read More >
NEW DELHI: The Nifty Realty index closed on a note on Wednesday. Shares of Raymond Ltd.(up 3.51 per cent), DLF Ltd.(up 0.85 per cent), Macrotech Developers Ltd.(up 0.68 per cent), Godrej Properties Ltd.(up 0.48 per cent) and Phoenix Mills Ltd.(up 0.24 per cent) ended the day as top gainers in the pack. On the other hand, Brigade Enterprises Ltd.(down 3.45 per cent), Mahindra Lifespace Developers Ltd.(down 2.74 per cent) and Sobha Ltd.(down 1.56 per cent) finished as the top losers of the day. ...Read More >
The company currently has 800 existing ones and more than 3,200 new stores are set to open, Ola Electric said in a statement. "All the newly launched stores will be co-located with service facilities, strengthening the company's service network across the country," it added. Commenting on the planned network expansion, Ola Electric Chairman & Managing Director, Bhavish Aggarwal said, "With our wide D2C network and the touchpoints under our 'network partner programme', we will cover the entire ...Read More >
Ola Electric continued to dominate the market in November as well and maintained market leadership, followed closely by TVS Motor and Bajaj Auto The domestic Electric Two-Wheeler (E2W) market continues its upward sales trajectory with annual sales exceeding the milestone of one million in November 2024. As per the data available on Vahan, E2W registrations went up by nearly a 30 percent YoY (year-on-year) in November 2024, reaching 1,18,944 units The country's e2W sales for the first 11 months ...Read More >
Ola Electric aims to expand its store network fourfold to 4,000 locations by December 2024. The plan includes co-locating stores with service facilities and onboarding 10,000 partners by 2025, extending its reach beyond major cities. Currently, Ola operates 800 stores. Ola Electric announced ambitious plans on Monday to significantly expand its company-owned store network. The electric vehicle manufacturer aims to quadruple its number of outlets to 4,000 by December 20, 2024. The company, whic ...Read More >
Bengaluru: Ola Electric, India's leading EV manufacturer, has unveiled its new Gig and S1 Z series of scooters, aiming to make electric mobility accessible to the masses. The lineup includes four models: Ola Gig, Ola Gig+, Ola S1 Z, and Ola S1 Z+, priced at Rs 39,999, Rs 49,999, Rs 59,999, and Rs 64,999 (ex-showroom), respectively. These scooters are set to redefine affordability and convenience in the electric two-wheeler segment. The reservations for both the Gig and S1 Z series are open at j ...Read More >
With India's gig economy projected to double in size, reaching over 10 million workers in the coming years, Ola Electric unveiled its new line of budget-friendly e-scooters, starting at under Rs 40,000. Photograph: Courtesy, Ola Electric The market responded positively, with Ola Electric's stock rising by 5.67 per cent, closing at Rs 73.47 on the BSE. The new range includes the Ola Gig, priced at Rs 39,999, specifically designed for gig workers making shorter trips. The S1 Z series starts at ...Read More >
With India's gig economy projected to double in size, reaching over 10 million workers in the coming years, Ola Electric unveiled its new line of budget-friendly e-scooters, starting at under Rs 40,000. Photograph: Courtesy, Ola Electric The market responded positively, with Ola Electric's stock rising by 5.67 per cent, closing at Rs 73.47 on the BSE. The new range includes the Ola Gig, priced at Rs 39,999, specifically designed for gig workers making shorter trips. The S1 Z series starts at ...Read More >
Ola Electric's CEO, Bhavish Aggarwal, has shared a few pictures on his social media which reveal two new developments. One image shows an Ola-branded removable battery pack and the other partially shows the new B2C scooter, similar to the Yulu bikes we see zipping around metro cities these days. Earlier this year, Ola Electric had filed a design patent for a utilitarian B2C electric scooter and it seems that now the company has readied that same scooter for market launch. Another interesting de ...Read More >
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