Happy Tuesday! Ola’s AI startup Krutrim has conducted another round of layoffs, sources told us. This and ...More

Happy Tuesday! Ola’s AI startup Krutrim has conducted another round of layoffs, sources told us. This and more in today’s ETtech Morning Dispatch. ...Less

The fresh job cuts come just months after ET reported on May 6 that the Bhavish Aggarwal-led startup had ...More

The fresh job cuts come just months after ET reported on May 6 that the Bhavish Aggarwal-led startup had abandoned much of its original full-stack AI strategy amid funding constraints, shelving work on its indigenous large language models and semiconductor ambitions while switching focus to AI cloud infrastructure and enterprise services. ...Less

ET had first reported in February about Flipkart’s plans to foray into an industry dominated by Eternal-o ...More

ET had first reported in February about Flipkart’s plans to foray into an industry dominated by Eternal-owned Zomato and Swiggy. On Friday, Eternal’s shares were down 2.3% at Rs 280 on the BSE, while Swiggy’s stock was down 3.9% at Rs 251.40. ...Less

Mercedes-Benz saw a profit increase but faces challenges ahead. The automaker now expects overall sales t ...More

Mercedes-Benz saw a profit increase but faces challenges ahead. The automaker now expects overall sales to decline in 2026. This forecast is due to ongoing problems within the Chinese market. Strong performance from financial services and vans supported recent earnings. The company plans further cost-cutting measures in the coming months. ...Less

The 200 DMA is a key indicator traders use to determine the overall trend in a particular stock. Take a l ...More

The 200 DMA is a key indicator traders use to determine the overall trend in a particular stock. Take a look: ...Less

Bengaluru startup Moonrider is developing electric tractors for Indian farmers. The company aims to repla ...More

Bengaluru startup Moonrider is developing electric tractors for Indian farmers. The company aims to replace diesel-powered machines with sustainable alternatives. Moonrider has secured significant funding and pre-orders for its innovative vehicles. Their tractors offer extended battery life and rapid charging capabilities. This initiative promises reduced operational costs for agricultural practices. ...Less

Indian stock markets experienced significant declines on Wednesday. Escalating global tensions and inflat ...More

Indian stock markets experienced significant declines on Wednesday. Escalating global tensions and inflation concerns spooked investors, leading to broad market weakness. Rate-sensitive sectors like realty and banking saw considerable losses. However, FMCG and auto stocks showed relative resilience due to strong earnings. US and European markets also faced mixed trading ahead of earnings. ...Less

Indian equities extended losses for a fifth straight session, pressured by elevated oil prices and persis ...More

Indian equities extended losses for a fifth straight session, pressured by elevated oil prices and persistent FII outflows. Despite intraday recovery, sentiment remains weak amid rising US yields and global uncertainty. Analysts flag key technical levels for Nifty, while stock-specific action and broader market resilience remain in focus. ...Less

Ather Energy successfully raised Rs 1,300 crore via a qualified institutional placement. The company also ...More

Ather Energy successfully raised Rs 1,300 crore via a qualified institutional placement. The company also secured Rs 1,200 crore from existing investors, totaling Rs 2,500 crore. These funds will support manufacturing expansion and new product development initiatives. Ather plans to invest significantly in a new Maharashtra facility to boost production capacity. This capital infusion follows a recent IPO and strengthens Ather's market position. ...Less

Sensex and Nifty declined for a fourth straight session as surging crude oil prices and escalating US-Ira ...More

Sensex and Nifty declined for a fourth straight session as surging crude oil prices and escalating US-Iran tensions dampened investor sentiment. Analysts flagged rising inflation risks, bearish technical indicators and continued market volatility, with Nifty likely to face resistance near the 24,000 mark. ...Less

Maharashtra has notified new rules for app-based transport services, bringing aggregators under a uniform ...More

Maharashtra has notified new rules for app-based transport services, bringing aggregators under a uniform framework. These regulations mandate licensing and introduce fare controls, impacting services like Ola and Uber. Passenger safety measures and driver welfare provisions are significantly strengthened by these new rules. Vehicle eligibility criteria and mandatory safety features are also detailed within the notification. The government aims for a safer and more accountable app-based transport ecosystem. ...Less

Temasek International sees family businesses opening to investors as a major market shift. Generational t ...More

Temasek International sees family businesses opening to investors as a major market shift. Generational transitions create attractive long-term investment opportunities for the firm. The investment firm plans to invest billions annually in India's key sectors. Temasek focuses on long-term opportunities in healthcare and financial services. India's strong economic fundamentals support continued long-term investment. ...Less

In its response, the company acknowledged that Anevolve Mando E-Mobility and Sterling E-Mobility Solution ...More

In its response, the company acknowledged that Anevolve Mando E-Mobility and Sterling E-Mobility Solutions, vendors supplying key parts to the company, have moved the National Company Law Tribunal (NCLT) over unpaid dues, escalating a disagreement that began with quality complaints from Ola Electric's side. ...Less

Ather Energy secured Rs 1,200 crore through a preferential issue. Hero MotoCorp and the India-Japan Fund ...More

Ather Energy secured Rs 1,200 crore through a preferential issue. Hero MotoCorp and the India-Japan Fund are key investors in this round. This capital will fuel Ather's manufacturing expansion and new product development. The company plans further fundraising through a qualified institutional placement. Ather's total funding will now reach Rs 2,700 crore for future growth. ...Less

Amara Raja Energy & Mobility will initially produce standard lithium-ion cells for e-two-wheelers and ene ...More

Amara Raja Energy & Mobility will initially produce standard lithium-ion cells for e-two-wheelers and energy storage, avoiding early dependence on large passenger vehicle orders. ...Less

Ola Electric Mobility shares fell over 2%, extending their three-day decline to 9%, after media reports s ...More

Ola Electric Mobility shares fell over 2%, extending their three-day decline to 9%, after media reports said two vendors had filed fresh insolvency pleas against its subsidiary over alleged unpaid dues of more than Rs 40 crore. The company also recently reported a sequential jump in Q1FY27 vehicle registrations. ...Less

The company said the capital could be raised through permissible modes, including a preferential issue or ...More

The company said the capital could be raised through permissible modes, including a preferential issue or any other method allowed under applicable laws. ...Less

Amara Raja Energy & Mobility is entering lithium-ion cell manufacturing with a measured approach. The com ...More

Amara Raja Energy & Mobility is entering lithium-ion cell manufacturing with a measured approach. The company will initially produce standard cells for electric two-wheelers and energy storage systems. Its Customer Qualification Plant is now operational for customer testing and validation. Commercial production at the first gigafactory is slated to begin next year. Passenger vehicle programs are part of long-term plans after demonstrating manufacturing capabilities. ...Less

Indian equities ended marginally higher after surrendering most intraday gains. Softer US inflation data ...More

Indian equities ended marginally higher after surrendering most intraday gains. Softer US inflation data supported sentiment, while elevated crude prices, West Asia tensions and mixed sector performance kept markets volatile. Analysts expect Nifty to remain range-bound unless it breaks above 24,350. ...Less

The Sensex and Nifty surged over 1% on Friday, supported by TCS earnings, easing volatility and positive ...More

The Sensex and Nifty surged over 1% on Friday, supported by TCS earnings, easing volatility and positive global cues. Investors will now track Q1 earnings, technical levels and global developments for further market direction. ...Less

Despite FII stake reductions in the March quarter, several BSE 500 stocks rallied sharply, with top perfo ...More

Despite FII stake reductions in the March quarter, several BSE 500 stocks rallied sharply, with top performers delivering returns of up to 220%, highlighting that foreign selling doesn't always dictate stock performance. ...Less

IPO pricing for venture-backed companies in India has stabilised as deeper markets, supported by domestic ...More

IPO pricing for venture-backed companies in India has stabilised as deeper markets, supported by domestic mutual funds, provide more stability, B Capital’s Howard Morgan and Karan Mohla told us in an interaction. ...Less

The stock market witnessed a strong intraday recovery from the day’s lows, ending with modest gains amid ...More

The stock market witnessed a strong intraday recovery from the day’s lows, ending with modest gains amid a positive underlying sentiment supported by encouraging IT business updates and attractive valuations, said Vinod Nair, Head of Research of Geojit Investments. ...Less

HCLTech began FY27 with a strong first-quarter performance. This and more in today's ETtech Top 5. ...More

HCLTech began FY27 with a strong first-quarter performance. This and more in today's ETtech Top 5. ...Less

Ankur Kathuria is set to launch a Rs 1,000 crore mid-market private equity-style fund with Carlyle’s Aami ...More

Ankur Kathuria is set to launch a Rs 1,000 crore mid-market private equity-style fund with Carlyle’s Aamir Zeb, they said. The fund, which is in the early stages, is expected to back growth-stage Indian companies and will look at opportunities across enterprise technology, artificial intelligence (AI) infrastructure and other businesses. ...Less

Instant househelp startups are burning more cash to chase demand. This and more in today’s ETtech Morning ...More

Instant househelp startups are burning more cash to chase demand. This and more in today’s ETtech Morning Dispatch. ...Less

Ola Electric Mobility registered 43,719 vehicles in Q1 FY27, nearly doubling from 22,252 in the previous ...More

Ola Electric Mobility registered 43,719 vehicles in Q1 FY27, nearly doubling from 22,252 in the previous quarter, driven by strong demand and operational improvements. The company also recorded 16,144 registrations in June, its best monthly performance in recent quarters. ...Less

Electric scooter maker Ather Energy is reportedly planning a significant share sale, aiming to raise to $ ...More

Electric scooter maker Ather Energy is reportedly planning a significant share sale, aiming to raise to $200 million from institutional investors as early as next week. Appointed banks HSBC, Axis Capital, and Nomura are managing the placement. ...Less

Indian equities recovered after Wednesday’s sharp selloff, with Sensex and Nifty closing higher as midcap ...More

Indian equities recovered after Wednesday’s sharp selloff, with Sensex and Nifty closing higher as midcaps and smallcaps outperformed. Falling India VIX, supportive global cues and improving domestic outlook boosted sentiment, though geopolitical risks and Fed inflation concerns kept investors cautious. ...Less

Indian markets extended gains for a fourth straight session as Sensex jumped 521 points and Nifty closed ...More

Indian markets extended gains for a fourth straight session as Sensex jumped 521 points and Nifty closed above 24,430. Improved monsoon prospects, renewed FII buying, stable crude prices and optimism around earnings supported sentiment despite mixed global market cues. ...Less

Ola Electric witnessed a significant surge in electric two-wheeler registrations, nearly doubling in the ...More

Ola Electric witnessed a significant surge in electric two-wheeler registrations, nearly doubling in the April-June quarter to 43,719 units. This impressive growth, driven by enhanced retail operations and better product availability, marks a strong sales momentum. The company attributes this success to its operational improvements and popular product range, anticipating continued expansion in India's EV market. ...Less

Ola Electric witnessed a significant surge in electric two-wheeler registrations during the April-June qu ...More

Ola Electric witnessed a significant surge in electric two-wheeler registrations during the April-June quarter, nearly doubling from the previous period. This impressive growth, reaching 43,719 vehicles, is attributed to enhanced retail operations, better product availability, and consistent customer demand. The company registered its highest monthly sales in June, signaling a strong recovery in market momentum and underscoring its commitment to expanding EV adoption in India. ...Less

Indian equities posted their steepest single-day decline since March as rising crude prices, renewed Midd ...More

Indian equities posted their steepest single-day decline since March as rising crude prices, renewed Middle East tensions and weak global cues triggered broad-based selling. Analysts said geopolitical developments, earnings guidance and central bank decisions will shape the market’s near-term direction. ...Less

Indian equities ended lower after four straight gains as profit booking, weak global cues and caution ahe ...More

Indian equities ended lower after four straight gains as profit booking, weak global cues and caution ahead of the US Fed minutes weighed on sentiment. IT stocks remained resilient, while analysts expect earnings, monsoon progress, stable rupee and foreign inflows to guide near-term market direction. ...Less

Ola Electric compensation: An advocate from Ananthapuramu purchased an Ola S1 Pro in October 2022 and rep ...More

Ola Electric compensation: An advocate from Ananthapuramu purchased an Ola S1 Pro in October 2022 and reported a trunk lock failure within the warranty period. Despite multiple service visits, emails and a legal notice, Ola Electric never fixed the problem. The District Consumer Commission has now directed the company and its local service centre to repair the trunk free of cost and pay Rs 45,000 in compensation. ...Less

Shares of Ola Electric and Ather Energy surged up to 11% after the Delhi Cabinet approved the EV Policy 2 ...More

Shares of Ola Electric and Ather Energy surged up to 11% after the Delhi Cabinet approved the EV Policy 2.0 with a Rs 15,000 crore outlay. The policy offers incentives for electric two-wheelers, targets 95% EV registrations by 2027 and is expected to accelerate electric mobility adoption in the capital. ...Less

Overall, June EV sales grew 75.27% year-on-year (YoY) to around 1.86 lakh units from 1.06 lakh units in t ...More

Overall, June EV sales grew 75.27% year-on-year (YoY) to around 1.86 lakh units from 1.06 lakh units in the same period last year. TVS Motor Company retained its lead in the segment with sales of 47,006 units in June, up from 41,558 units in May, followed by Bajaj Auto at 43,234 units, compared with 38,012 units a month earlier. Together, the two incumbents accounted for roughly half the total electric two-wheeler sales. ...Less

Indian stock markets surged on Friday, with Sensex and Nifty posting gains exceeding 0.3%. This upward tr ...More

Indian stock markets surged on Friday, with Sensex and Nifty posting gains exceeding 0.3%. This upward trend was fueled by a calmer Middle East situation, reduced expectations of US Federal Reserve rate hikes, and positive domestic factors like the India-Japan Summit and IT sector recovery. ...Less

A new report warns that extending GST to subscription-based ride-hailing platforms like Rapido could sign ...More

A new report warns that extending GST to subscription-based ride-hailing platforms like Rapido could significantly impact drivers and passengers. The study suggests this move might lower driver earnings, discourage participation, and reduce passenger demand. Drivers prefer predictable costs and greater control, while passengers are price-sensitive. The report advocates for a clearer GST framework to avoid regulatory uncertainty and maintain fair competition. ...Less

Indian auto sector anticipates strong demand across all vehicle types, though automakers may see profit m ...More

Indian auto sector anticipates strong demand across all vehicle types, though automakers may see profit margins squeezed in early FY27. Wholesale dispatches for passenger vehicles, commercial vehicles, and tractors remain robust, indicating sustained consumer interest. Premium segment demand is expected to hold steady, while mass-market sales might moderate later in the fiscal year. ...Less

Long-time Tata Group associate Mehli K. Mistry has stepped down as a director from Ratan Tata's personal ...More

Long-time Tata Group associate Mehli K. Mistry has stepped down as a director from Ratan Tata's personal investment firm, RNT Associates. Mistry, who worked closely with the former Tata Sons chairman and is an executor of his will, cited other commitments for his departure. RNT Associates, established in 2009, has notably invested in prominent Indian startups like Ola Electric and Urban Company. ...Less

Four stocks from the Nifty500 segment that gained over 4% featured in the RSI Trending Up scan on June 30 ...More

Four stocks from the Nifty500 segment that gained over 4% featured in the RSI Trending Up scan on June 30 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups. ...Less

Indian equities declined for a second session as investors stayed cautious despite easing geopolitical te ...More

Indian equities declined for a second session as investors stayed cautious despite easing geopolitical tensions. Sensex lost nearly 250 points and Nifty fell over 80, while analysts expect recovery if the index holds above the crucial 23,800 support level. ...Less

Indian equities rallied as easing Middle East tensions pushed crude prices lower and dovish Fed remarks b ...More

Indian equities rallied as easing Middle East tensions pushed crude prices lower and dovish Fed remarks boosted sentiment. Sensex gained nearly 580 points, while analysts expect Q1 earnings, US jobs data and the India–Japan summit to guide market direction. ...Less

Electric vehicle sales are accelerating, with e-cars more than doubling registrations in June and the Jun ...More

Electric vehicle sales are accelerating, with e-cars more than doubling registrations in June and the June quarter seeing an 89% surge. This growth is fueled by more model choices, better charging, and rising fuel costs. E-two-wheelers also saw a significant 62% jump, indicating a strong shift towards cleaner mobility across the country. ...Less

Justice Suraj Govindaraj recused himself from hearing petitions challenging Karnataka's gig worker law du ...More

Justice Suraj Govindaraj recused himself from hearing petitions challenging Karnataka's gig worker law due to a potential conflict of interest. The law, aimed at providing social security, is contested by industry bodies like IAMAI and platform aggregators. They argue it conflicts with national legislation and raises concerns about duplicate financial obligations and unnotified adjustment mechanisms for welfare fees. ...Less

SoftBank has injected another $10 billion into OpenAI, part of a larger $30 billion commitment. This sign ...More

SoftBank has injected another $10 billion into OpenAI, part of a larger $30 billion commitment. This significant investment, funded by a bridge loan, underscores OpenAI's importance to SoftBank's portfolio, contributing to a substantial profit increase. However, the news comes as the New York Times reported delays in OpenAI's IPO, impacting investor sentiment and SoftBank's stock. ...Less

WhatsApp’s big bet on usernames has hit a regulatory speed bump in India. This and more in today’s ETtech ...More

WhatsApp’s big bet on usernames has hit a regulatory speed bump in India. This and more in today’s ETtech Morning Dispatch. ...Less

Indian equities rebounded after two sessions of losses, with Sensex rising 444 points and Nifty reclaimin ...More

Indian equities rebounded after two sessions of losses, with Sensex rising 444 points and Nifty reclaiming 24,000. Easing geopolitical tensions, trade deal optimism and lower oil prices boosted sentiment, while analysts maintained a bullish outlook above the key 23,800 support. ...Less

Ola Electric's subsidiary has secured Bureau of Indian Standards (BIS) certification for its indigenously ...More

Ola Electric's subsidiary has secured Bureau of Indian Standards (BIS) certification for its indigenously developed 46100 lithium iron phosphate (LFP) battery cell. This marks a first for an Indian company in this cylindrical format. The new cell, designed for both electric mobility and energy storage, expands their in-house battery portfolio and aims to reduce reliance on imported technologies. ...Less

The petitions come after the state government did not respond to IAMAI's request to defer the levy of the ...More

The petitions come after the state government did not respond to IAMAI's request to defer the levy of the gig workers' welfare fee until the Centre and the state evolve a mechanism to offset contributions under their respective laws, and notify specific welfare schemes for gig workers. ...Less

Indian markets closed marginally higher on Thursday after a volatile expiry session, with the Sensex risi ...More

Indian markets closed marginally higher on Thursday after a volatile expiry session, with the Sensex rising 109 points to 77,100.47 and the Nifty gaining 34 points to 24,056 after giving up intraday gains. Sentiment stayed mixed amid profit booking, FII outflows and macro cues, while global equities ended weak. Markets were shut on Friday for Muharram. Analysts expect range-bound trade ahead. ...Less

Uber India's head, Prabhjeet Singh, is departing after an 11-year tenure to join OpenAI as its India MD. ...More

Uber India's head, Prabhjeet Singh, is departing after an 11-year tenure to join OpenAI as its India MD. Singh, led Uber's significant growth and strategic shifts, including expanding premium services and launching electric mobility. His departure comes as India is poised to become Uber's largest market globally. ...Less

New-age, loss-making startups are prioritising large fresh issue components in their IPOs to fund growth, ...More

New-age, loss-making startups are prioritising large fresh issue components in their IPOs to fund growth, a shift from the 2021-22 cycle. Investors now prefer capital infusion for scaling and profitability over large shareholder exits. Companies like Zepto, Ola Electric, and PhysicsWallah exemplify this trend, signalling a market demand for businesses reinvesting in their future rather than facilitating early exits. ...Less

Despite volatile markets, several stocks delivered exceptional returns, with 13 companies gaining 70–200% ...More

Despite volatile markets, several stocks delivered exceptional returns, with 13 companies gaining 70–200% in three months. HFCL led the rally, while broader market strength created significant wealth-creation opportunities for investors. ...Less

Ola Electric and founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating fal ...More

Ola Electric and founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating false information to inflate stock prices. The company seeks an amicable closure without admitting guilt, following Sebi's notice regarding discrepancies in service network expansion, sales figures, and electric motorcycle rollout timelines. ...Less

Ola Electric and its founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating ...More

Ola Electric and its founder Bhavish Aggarwal have approached Sebi to settle allegations of disseminating false information to inflate stock prices. The company seeks an amicable closure to proceedings concerning misleading claims on service network expansion and sales performance, following a regulator's notice. ...Less

Indian markets rallied on Wednesday, with Sensex and Nifty gaining up to 1% amid easing crude prices, sup ...More

Indian markets rallied on Wednesday, with Sensex and Nifty gaining up to 1% amid easing crude prices, supportive global cues and optimism over India-US trade talks. Analysts highlight key technical levels for Nifty, while stock-specific action was seen in banking, IT, infrastructure and midcap counters across NSE trading data. ...Less

Sensex and Nifty plunged over 1% on Tuesday amid global market weakness, IT sector losses, a weaker rupee ...More

Sensex and Nifty plunged over 1% on Tuesday amid global market weakness, IT sector losses, a weaker rupee and fresh foreign fund outflows. Investors will track technical levels, global cues, FII activity and key stock movements on Wednesday as markets look for direction after the sharp decline. ...Less

Peak XV and Nexus Venture Partners are set to rake in manifold returns as insurtech company Turtlemint go ...More

Peak XV and Nexus Venture Partners are set to rake in manifold returns as insurtech company Turtlemint goes public. This and more in today’s ETtech Top 5. ...Less

Happy Tuesday! Kunal Shah has taken over as WhatsApp's chief, while Meta backs Cred in a major funding de ...More

Happy Tuesday! Kunal Shah has taken over as WhatsApp's chief, while Meta backs Cred in a major funding deal. This and more in today’s ETtech Morning Dispatch. ...Less

Indian markets ended higher on Monday, snapping Friday's pause in momentum. Investors will track US-Iran ...More

Indian markets ended higher on Monday, snapping Friday's pause in momentum. Investors will track US-Iran developments, technical levels, sectoral trends, weekly expiry volatility and key stock-specific action on Tuesday. Banking, utilities and healthcare stocks remained supportive, while broader market sentiment stayed positive despite monsoon-related concerns. ...Less

The prospective appointment of Kunal Shah to a leadership position at WhatsApp exemplifies an emerging pa ...More

The prospective appointment of Kunal Shah to a leadership position at WhatsApp exemplifies an emerging pattern: Indian founders are increasingly sought after by Silicon Valley. Unlike traditional executives who have ascended through corporate ranks, Shah's expertise originates from India's dynamic digital landscape. This reflects Big Tech’s shift towards valuing entrepreneurial acumen and market insights, potentially expanding the scope of the 'India pipeline' to include innovative leadership talent. ...Less

Noida International Airport passengers found taxis to be a dependable transport option. Several cab aggre ...More

Noida International Airport passengers found taxis to be a dependable transport option. Several cab aggregators like Uber, Ola, and Rapido offered services with introductory discounts. Premium cab operators also provided chauffeur-driven options. UPSRTC buses are also serving the airport, though with a shuttle requirement. These services ensured smooth connectivity for travellers. ...Less

Indian equities ended lower on Friday, snapping a five-session winning streak as heavy IT selling and wea ...More

Indian equities ended lower on Friday, snapping a five-session winning streak as heavy IT selling and weak global cues weighed on sentiment. Sensex fell 607 points and Nifty dropped below recent highs. Analysts remained cautiously optimistic, favouring a buy-on-dips approach supported by easing volatility and expectations of earnings recovery. ...Less

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding ...More

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing. ...Less

Shares of Ola Electric Mobility surged 10% on Tuesday, extending a sharp rebound that has lifted the stoc ...More

Shares of Ola Electric Mobility surged 10% on Tuesday, extending a sharp rebound that has lifted the stock nearly 120% from its March low. Despite the rally, shares remain over 31% below their 52-week high and far from lifetime peak levels. Analysts see the breakout as an early trend reversal but caution that sustaining gains will require continued volume support and price stability. ...Less

Higher education company UNIVO has appointed Nitin Golani as its new chief executive officer. Golani, wit ...More

Higher education company UNIVO has appointed Nitin Golani as its new chief executive officer. Golani, with over two decades of global experience in education and technology, will lead UNIVO's expansion, focusing on learner outcomes, university partnerships, and AI-driven personalized learning. The company currently serves over 200,000 learners in more than 130 countries. ...Less

Indian equities ended higher for a fifth straight session, recovering early losses despite hawkish Federa ...More

Indian equities ended higher for a fifth straight session, recovering early losses despite hawkish Federal Reserve comments. Banking stocks led gains, while broader markets stayed positive. Analysts remain optimistic on Nifty's trend but caution that near-term consolidation may follow the recent rally. ...Less

Indian equities advanced for a fourth straight session as easing geopolitical tensions, lower crude oil p ...More

Indian equities advanced for a fourth straight session as easing geopolitical tensions, lower crude oil prices, softer bond yields and a stronger rupee boosted sentiment. Gains in IT, metals and PSU banks lifted benchmarks, while India VIX remained subdued amid improving market confidence. ...Less

Indian equities rallied sharply as an interim US-Iran peace framework eased geopolitical concerns and pus ...More

Indian equities rallied sharply as an interim US-Iran peace framework eased geopolitical concerns and pushed oil prices lower. Improved inflation and interest-rate expectations lifted sentiment, helping Sensex and Nifty gain nearly 1%, while broader markets, global equities and risk assets also advanced. ...Less

Trinamool Congress rebels have reportedly merged with the Nationalist Citizen Party of India. This obscur ...More

Trinamool Congress rebels have reportedly merged with the Nationalist Citizen Party of India. This obscure party, registered in West Bengal in 2023, now faces Election Commission scrutiny. The party must immediately inform the poll panel of significant changes in leadership and membership. This development occurs as the Election Commission purges unregistered parties suspected of money laundering. ...Less

Ather Energy's board has greenlit a substantial fundraising plan, aiming to secure up to Rs 2,500 crore. ...More

Ather Energy's board has greenlit a substantial fundraising plan, aiming to secure up to Rs 2,500 crore. This significant capital infusion will be achieved through a combination of equity and convertible securities, including a Rs 1,500 crore Qualified Institutional Placement and Rs 1,000 crore from various other instruments. ...Less

Indian equities extended gains for a third straight session, with Sensex and Nifty rising on optimism ove ...More

Indian equities extended gains for a third straight session, with Sensex and Nifty rising on optimism over the Iran-US peace framework and lower oil prices. Broad-based buying in IT, realty, FMCG and oil & gas stocks supported the rally, while volatility eased sharply. ...Less

App-based platforms like Swiggy, Zomato, Uber, Ola, Rapido, Blinkit, and Zepto must register their gig wo ...More

App-based platforms like Swiggy, Zomato, Uber, Ola, Rapido, Blinkit, and Zepto must register their gig workers on the e-Shram portal by June 21. This directive aims to provide social security benefits, including health insurance and pensions, to millions of workers. The government is creating a comprehensive database to formalize this segment of the economy. ...Less

Markets rallied sharply as easing US–Iran tensions and softer crude prices boosted sentiment. Sensex and ...More

Markets rallied sharply as easing US–Iran tensions and softer crude prices boosted sentiment. Sensex and Nifty surged 2%, adding Rs 10 lakh crore in market value. Broader markets outperformed, volatility eased, and technical indicators turned bullish. Analysts expect momentum to continue, with geopolitical developments and oil prices remaining key triggers. ...Less

Ola Electric Mobility has secured approximately Rs 780 crore through a qualified institutional placement, ...More

Ola Electric Mobility has secured approximately Rs 780 crore through a qualified institutional placement, aiming to bolster its recovery efforts and market share. The funds will be used to repay borrowings, fuel growth, and cover general corporate needs. This comes as the company navigates a challenging period marked by declining sales and market share, despite recent signs of sequential recovery. ...Less

Happy Friday! Ola Electric has raised fresh capital through a QIP. This and more in today's ETtech Mornin ...More

Happy Friday! Ola Electric has raised fresh capital through a QIP. This and more in today's ETtech Morning Dispatch. ...Less

A viral video of dozens sleeping on Mumbai's Versova Beach has sparked debate on housing, migration, and ...More

A viral video of dozens sleeping on Mumbai's Versova Beach has sparked debate on housing, migration, and public space use. While some blame the phenomenon on heat and lack of affordable housing, others express concern about encroaching on public areas. The situation highlights the city's struggle with extreme weather and its impact on vulnerable populations. ...Less

Indian equities ended higher on Tuesday, supported by easing geopolitical tensions and softer crude price ...More

Indian equities ended higher on Tuesday, supported by easing geopolitical tensions and softer crude prices. A sharp drop in India VIX boosted sentiment, while broader markets outperformed. Analysts see potential for further recovery, though caution persists amid FII outflows, global uncertainties and weak near-term earnings outlook. ...Less

The strong response came despite volatile equity markets and signals continued institutional confidence i ...More

The strong response came despite volatile equity markets and signals continued institutional confidence in Ola Electric's growth strategy, technology roadmap and positioning within India's electric vehicle sector. ...Less

Funds managed by US investment giant Vanguard have slashed the fair value of ride-hailing platform Ola’s ...More

Funds managed by US investment giant Vanguard have slashed the fair value of ride-hailing platform Ola’s parent, ANI Technologies, to $70 million as of February 28, according to regulatory filings with the US Securities and Exchange Commission (SEC). ...Less

Noida International Airport opens on June 15. Passengers will primarily use cabs and private vehicles. Ap ...More

Noida International Airport opens on June 15. Passengers will primarily use cabs and private vehicles. App-based taxis like Uber and Ola will be available. Local taxi drivers anticipate increased demand. Electric bus services are expected to launch soon. Airport authorities are coordinating with mobility providers for smooth operations. ...Less

Indian equities witnessed sharp swings before ending lower amid expiry-day volatility and rising geopolit ...More

Indian equities witnessed sharp swings before ending lower amid expiry-day volatility and rising geopolitical concerns. Profit booking in broader markets, weakness in IT stocks and cautious global sentiment overshadowed support from banking and pharma shares, keeping investors on edge. ...Less

Zepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtec ...More

Zepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5. ...Less

Tarun Davda, a key figure at Z47 for ten years, plans to exit the venture capital firm by year-end. Sourc ...More

Tarun Davda, a key figure at Z47 for ten years, plans to exit the venture capital firm by year-end. Sources told us that Davda is exploring launching his own fund or returning to entrepreneurship. This departure follows other senior exits at Z47 and mirrors broader churn in India's venture capital sector. ...Less

American investor Vanguard has sharply cut the fair value of Ola's parent company. This and more in today ...More

American investor Vanguard has sharply cut the fair value of Ola's parent company. This and more in today's ETtech Top 5. ...Less

The fundraising could be undertaken through routes including a qualified institutional placement (QIP), a ...More

The fundraising could be undertaken through routes including a qualified institutional placement (QIP), a rights issue or other permissible instruments. ...Less

Ola Electric saw a significant jump in vehicle registrations last month. May Sales increased by 23 percen ...More

Ola Electric saw a significant jump in vehicle registrations last month. May Sales increased by 23 percent compared to April. This growth outpaced the overall electric two-wheeler market. The company attributes this success to retail changes and better operations. Rising petrol prices are also encouraging more buyers to switch to electric vehicles. Ola Electric is focused on expanding electric vehicle adoption. ...Less

Ola Electric has launched a qualified institutional placement (QIP) with a floor price of Rs 37.74 per sh ...More

Ola Electric has launched a qualified institutional placement (QIP) with a floor price of Rs 37.74 per share to raise funds amidst challenges like slowing sales and shrinking market share. The company aims to navigate these issues by doubling down on localisation and vertical integration, with a focus on EV products and cell manufacturing. ...Less

Ola Electric Mobility has approved its qualified institutional placement (QIP), setting a floor price of ...More

Ola Electric Mobility has approved its qualified institutional placement (QIP), setting a floor price of ₹37.74 per equity share. This fundraising initiative aims to bolster the company amidst slowing sales and market share pressures in the electric two-wheeler sector. The move follows a recent ₹2,000 crore investment into its subsidiaries for enhanced localization and vertical integration. ...Less

Ola Electric's shares dipped 3.5% after approving a qualified institutional placement (QIP) with a floor ...More

Ola Electric's shares dipped 3.5% after approving a qualified institutional placement (QIP) with a floor price of Rs 37.74 per equity share. The company aims to raise capital from institutional investors, while its Q4 net loss narrowed to Rs 500 crore. Despite revenue decline, Ola Electric anticipates order recovery and positive EBITDA in FY27. ...Less

Ola Electric Mobility has launched its qualified institutional placement (QIP) and set a floor price of R ...More

Ola Electric Mobility has launched its qualified institutional placement (QIP) and set a floor price of Rs 37.74 per share. The company may offer up to a 5% discount, while the final issue price and fundraising size will be determined through the book-building process. ...Less

A commuter's X post detailing an Ola driver allegedly watching a TV show while driving on a highway has s ...More

A commuter's X post detailing an Ola driver allegedly watching a TV show while driving on a highway has sparked widespread debate. The passenger reported the driver's dismissive response when asked to focus, highlighting concerns about distracted driving and passenger safety in app-based taxis. ...Less

Markets faced pressure on Monday, with key indices declining over half a percent due to weak global cues. ...More

Markets faced pressure on Monday, with key indices declining over half a percent due to weak global cues. Ola Electric approved its QIP issue, Eicher Motors reported a 15% sales rise, and Axis Bank increased its stake in Axis Max Life Insurance. ...Less

A consumer court in Andhra Pradesh held Ola responsible after a driver stranded a woman en route to a jud ...More

A consumer court in Andhra Pradesh held Ola responsible after a driver stranded a woman en route to a judicial exam. The platform was ordered to pay Rs 50,000 compensation for the mental distress caused. The court emphasized Ola's duty of care, rejecting its 'online platform' defense. ...Less

Happy Thursday! American investor Vanguard has slashed the fair value of Ola's parent company. This and m ...More

Happy Thursday! American investor Vanguard has slashed the fair value of Ola's parent company. This and more in today’s ETtech Morning Dispatch. ...Less

Indian equities lost momentum after a positive start, with Nifty closing lower and broader markets declin ...More

Indian equities lost momentum after a positive start, with Nifty closing lower and broader markets declining sharply. Investor caution ahead of US inflation data, profit booking and geopolitical concerns weighed on sentiment, while FMCG and private banking stocks offered some support. ...Less

Ola Electric shares surged to a more than four-month high after the EV maker reported a narrower quarterl ...More

Ola Electric shares surged to a more than four-month high after the EV maker reported a narrower quarterly loss and showed signs of sequential improvement in volumes and market share. Brokerages remain cautious on the long-term recovery outlook, citing rising competition, execution challenges and the need for sustained operational improvements. ...Less