Ola Electric shares rallied on Friday after the EV maker launched its new S1Z scooter range with indigeno ...More

Ola Electric shares rallied on Friday after the EV maker launched its new S1Z scooter range with indigenous Bharat Cell LFP technology. The stock has rebounded nearly 79% from its March low, while the new models target India’s mass-market EV segment with prices starting at Rs 79,999. ...Less

Ola Electric introduces the S1Z scooter featuring indigenous LFP battery technology. This new range aims ...More

Ola Electric introduces the S1Z scooter featuring indigenous LFP battery technology. This new range aims to bring advanced technology to the mass market segment. The S1Z will be available in two variants with different battery capacities. Deliveries for these models are scheduled to commence in late 2026 and early 2027. The company is expanding its retail network through dealer-operated stores. ...Less

Ola Electric secured Rs 95.81 crore under the PLI-Auto Scheme for FY 2026-27. This incentive follows a pr ...More

Ola Electric secured Rs 95.81 crore under the PLI-Auto Scheme for FY 2026-27. This incentive follows a previous sanction of Rs 366.78 crore for FY 2024-25. The company's manufacturing capabilities and commitment to EV technology are recognized. This reinforces Ola Electric's role in India's advanced automotive manufacturing ecosystem. The scheme aims to strengthen domestic manufacturing and encourage advanced automotive technologies. ...Less

Ola Electric has secured a Rs 95.81 crore incentive under the government’s Production Linked Incentive (P ...More

Ola Electric has secured a Rs 95.81 crore incentive under the government’s Production Linked Incentive (PLI) scheme for automobiles and auto components for FY27. This is its third consecutive payout, taking total sanctioned incentives to about Rs 536.3 crore as the electric two-wheeler maker works to revive sales and expand domestic battery and cell manufacturing. ...Less

Several ride hailing apps, including Ola, Uber and Rapido, faced significant disruptions across major Ind ...More

Several ride hailing apps, including Ola, Uber and Rapido, faced significant disruptions across major Indian cities on Thursday. Users reported an inability to book rides or log into their accounts on the platforms. Rapido experienced a brief technical outage which has since been resolved for most users. Other services also began functioning normally after a period of disruption. This incident affected commuters during peak travel hours in several locations. ...Less

Ola Electric celebrated India's Independence Day with the introduction of its Shakti energy storage serie ...More

Ola Electric celebrated India's Independence Day with the introduction of its Shakti energy storage series. This groundbreaking lineup incorporates locally sourced LFP battery technology for various uses. Home users can expect the Shakti Gen2 to arrive by November 2026, while the Shakti Rack and Mahashakti for businesses will roll out in March 2027. The goal is to effectively capture and use clean energy on all levels. ...Less

India's new plan aims to reduce reliance on Chinese producers and boost local manufacturing. The governme ...More

India's new plan aims to reduce reliance on Chinese producers and boost local manufacturing. The government sees fostering a domestic battery supply chain as a strategic priority. Existing incentives for cell manufacturing have faced delays due to supply chain issues. ...Less

Ola Electric is expanding its battery business into energy storage solutions. The company unveiled a thre ...More

Ola Electric is expanding its battery business into energy storage solutions. The company unveiled a three-tier Shakti portfolio for various applications. This new range spans homes, commercial facilities, and grid-scale energy storage. Ola aims to achieve India's energy independence through this strategic expansion. ...Less

Chandigarh taxi drivers continue their ninety-day protest against cab aggregators. They demand government ...More

Chandigarh taxi drivers continue their ninety-day protest against cab aggregators. They demand government-mandated fares and promised policy benefits. Drivers are seeking medical and term insurance coverage from these companies. This agitation highlights broader issues faced by traditional transport operators. Similar concerns have been raised by drivers in Delhi-NCR and Maharashtra. ...Less

Mahindra Group has expanded its Battery-as-a-Service model across its entire eSUV portfolio. This flexibl ...More

Mahindra Group has expanded its Battery-as-a-Service model across its entire eSUV portfolio. This flexible ownership option lowers upfront vehicle purchase costs for customers. Customers can now finance their vehicle and battery separately through a dual-financing structure. The company received an overwhelming response, validating demand for EV adoption solutions. ...Less

Ola Electric's subsidiary received revised timelines for the ACC PLI scheme. This approval secures a full ...More

Ola Electric's subsidiary received revised timelines for the ACC PLI scheme. This approval secures a full five-year incentive window through calendar year 2031. The company expects to unlock cumulative incentives of up to Rs 7,240 crore. Ola Electric is expanding its cell manufacturing capacity to meet these new targets. ...Less

The revised timeline secures Ola Electric a five-year PLI window through 2031 and could unlock up to Rs 7 ...More

The revised timeline secures Ola Electric a five-year PLI window through 2031 and could unlock up to Rs 7,240 crore in cumulative incentives, the company said in an exchange filing on Wednesday. The incentives will be disbursed quarterly, beginning next quarter. ...Less

A Kerala consumer commission found Ola Electric guilty of service deficiency and unfair trade practices. ...More

A Kerala consumer commission found Ola Electric guilty of service deficiency and unfair trade practices. The commission ordered Ola Electric to refund the scooter's purchase price of Rs 1,03,999. It also directed the company to pay Rs 25,000 compensation and Rs 5,000 for costs. The customer's electric scooter had repeated faults during its warranty period. Ola Electric failed to provide adequate after-sales service for the defective vehicle. ...Less

Rapido users in several Indian cities reported app outages today. The ride-hailing service experienced a ...More

Rapido users in several Indian cities reported app outages today. The ride-hailing service experienced a brief technical issue affecting many users. Commuters faced difficulties booking rides during peak office hours. ...Less

With the win, Groww joins the likes of Urban Company, Lenskart, OfBusiness, Razorpay, Zomato, Zerodha, De ...More

With the win, Groww joins the likes of Urban Company, Lenskart, OfBusiness, Razorpay, Zomato, Zerodha, Delhivery, Swiggy, Oyo, Freshworks and Ola, all of which won the biggest honour over the 11-year history of the awards. ...Less

Ola Electric shares fell after the company reported a narrower Q1 FY27 net loss of Rs 336 crore, compared ...More

Ola Electric shares fell after the company reported a narrower Q1 FY27 net loss of Rs 336 crore, compared with Rs 428 crore a year ago. However, revenue from operations declined 45% YoY to Rs 455 crore, despite rising 72% QoQ from Rs 265 crore in Q4 FY26. ...Less

Indian equities reversed morning gains to close sharply lower, with Sensex falling 183 points and Nifty d ...More

Indian equities reversed morning gains to close sharply lower, with Sensex falling 183 points and Nifty declining 0.52%. IT stocks weakened on visa concerns, offsetting gains in banks and metals. Technical signals pointed to continued range-bound trading and caution. ...Less

Ultraviolette had raised $45 million from Zoho Corporation and Italy-based investment firm Lingotto last ...More

Ultraviolette had raised $45 million from Zoho Corporation and Italy-based investment firm Lingotto last December as part of this round. In August 2025, Ultraviolette raised $21 million as part of the same round, led by TDK Ventures. The current funding will bring the total capital raised in this round to $115-120 million. ...Less

Ola Electric's auditor raised concerns regarding the reversal of a Rs 57 crore penalty related to missed ...More

Ola Electric's auditor raised concerns regarding the reversal of a Rs 57 crore penalty related to missed investment milestones under PLI without formal governmental consent. This action notably assisted in reducing its losses for the June quarter. Additionally, a decline in revenue and vehicle registrations year-over-year was noted, reflecting a notable decrease in Ola's market share amidst increasing competition. ...Less

Sensex and Nifty reversed morning losses to close higher on Tuesday, amid sharp volatility on the first e ...More

Sensex and Nifty reversed morning losses to close higher on Tuesday, amid sharp volatility on the first expiry day after the closing auction session launch. Healthcare and financial stocks gained, while broader market breadth remained mixed and cautious. ...Less

Dview founder and CEO Kauts Shukla says the next wave of enterprise AI will move beyond chatbots and dash ...More

Dview founder and CEO Kauts Shukla says the next wave of enterprise AI will move beyond chatbots and dashboards to systems that can reason across fragmented enterprise data. ...Less

The new Konarc electric scooter by Ather Energy is now on the market, starting at ₹99,999. This model fea ...More

The new Konarc electric scooter by Ather Energy is now on the market, starting at ₹99,999. This model features the innovative EL platform and comes in six distinct variants. Prioritizing ride comfort and road stability, the Konarc introduces an in-house developed Advanced Electronic Braking System for heightened safety. Additionally, it offers a remarkable 10-year battery warranty along with increased service intervals for added convenience. ...Less

Happy Thursday! Top entrepreneurs and business leaders came together in Bengaluru on August 25 to pick th ...More

Happy Thursday! Top entrepreneurs and business leaders came together in Bengaluru on August 25 to pick the winners of The Economic Times Startup Awards (ETSA) 2026. ...Less

Lenskart posted a strong first quarter, with profit nearly quadrupling. This and more in today's ETtech T ...More

Lenskart posted a strong first quarter, with profit nearly quadrupling. This and more in today's ETtech Top 5. ...Less

Ola Electric’s auditor has raised a red flag in the company’s Q1 results. This and more in today’s ETtech ...More

Ola Electric’s auditor has raised a red flag in the company’s Q1 results. This and more in today’s ETtech's Top 5. ...Less

Happy Tuesday! Yulu and Bounce Infinity are back in the funding market as rising delivery demand gives th ...More

Happy Tuesday! Yulu and Bounce Infinity are back in the funding market as rising delivery demand gives them a fresh boost. This and more in today’s ETtech Morning Dispatch. ...Less

Suri, with nearly 17 years of experience in building and scaling operations, spent more than eight years ...More

Suri, with nearly 17 years of experience in building and scaling operations, spent more than eight years at hyperlocal delivery startup Dunzo. ...Less

We’re back with the 12th edition of The Economic Times Startup Awards (ETSA). However hectic it gets for ...More

We’re back with the 12th edition of The Economic Times Startup Awards (ETSA). However hectic it gets for the ETtech team, the thrill of sifting through the best of Indian entrepreneurship makes up for every late night in the newsroom. ...Less

Markets closed lower Friday amid mixed global cues and rising crude oil. Analysts remain bullish on Nifty ...More

Markets closed lower Friday amid mixed global cues and rising crude oil. Analysts remain bullish on Nifty above 24,350. Focus on Titan's strong Q1 profit, SBI's earnings beat, and Ola Electric's narrower loss. Hindalco also posted record profits. Maruti Suzuki anticipates significant passenger vehicle sales growth. ...Less

New research suggests ride-hailing drivers could earn significantly more annually. This shift is driven b ...More

New research suggests ride-hailing drivers could earn significantly more annually. This shift is driven by open digital networks and zero-commission models. The current commission structure leaves drivers and passengers with fewer benefits. Tax law interpretation for new models creates market uncertainty for operators. Policy changes could accelerate this transition for inclusive digital growth. ...Less

Ola Electric faced a significant downturn in its June quarter operations, reporting a steep forty-five pe ...More

Ola Electric faced a significant downturn in its June quarter operations, reporting a steep forty-five percent decline in revenue compared to last year. The company earned four hundred fifty-five crore rupees in the first quarter, with vehicle registrations also dropping as compared to the previous year. Despite this, Ola's net loss displayed a slight improvement, narrowing by about twenty-one point five percent year-on-year, with overall unit deliveries also decreasing. ...Less

Happy Wednesday! India’s new-age companies are gaining ground in public markets as more startups go publi ...More

Happy Wednesday! India’s new-age companies are gaining ground in public markets as more startups go public. This and more in today’s ETtech Morning Dispatch. ...Less

Ola Electric shares have rebounded sharply from March lows, supported by improving sentiment, strong sale ...More

Ola Electric shares have rebounded sharply from March lows, supported by improving sentiment, strong sales, and a BESS partnership. Analysts remain cautious, citing execution, competition, and cash-burn risks. Technical indicators suggest resistance near Rs 45–50, with sustained operational improvement seen as essential for further upside. ...Less

The company has held discussions with Indian OSAT companies including CG Semi, and Kaynes Semicon in Sana ...More

The company has held discussions with Indian OSAT companies including CG Semi, and Kaynes Semicon in Sanand, and Suchi Semicon in Surat, as well as government-run Semiconductor Laboratory (SCL), Mohali, and the Tata group, a senior company executive said. LFC plans to use Indian packaging facilities initially and eventually shift fabrication to the upcoming Tata Electronics-PSMC fab. The company’s chips are used in ADAS, infotainment systems, instrument clusters, and electronic control units. ...Less

Indian equities extended losses, with Sensex falling 281 points and Nifty declining for a fifth session. ...More

Indian equities extended losses, with Sensex falling 281 points and Nifty declining for a fifth session. Analysts flagged crude prices, Strait of Hormuz tensions and Fed minutes as key drivers. Broader markets gained, while market breadth remained bearish with more declines than advances. ...Less

India’s 50 listed, institutionally backed new-age companies are now worth $165 billion, but performance r ...More

India’s 50 listed, institutionally backed new-age companies are now worth $165 billion, but performance remains sharply divided. A growing listed universe is giving venture investors clearer exit routes and private companies more valuation benchmarks. Public-market discipline is also influencing late-stage funding and forcing companies such as PhonePe and Zepto to rethink IPO valuations. ...Less

Ola Electric reported a narrower Q1 loss of Rs 336 crore as deliveries nearly doubled sequentially and re ...More

Ola Electric reported a narrower Q1 loss of Rs 336 crore as deliveries nearly doubled sequentially and revenue rebounded 72% from Q4. Improved market share, lower operating costs and progress in battery manufacturing supported the company's operational turnaround despite year-on-year revenue decline. ...Less

Ola Electric said its company-owned stores, which were instrumental in building consumer awareness and tr ...More

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. ...Less

Sensex and Nifty ended last week lower amid range-bound trading, with broader markets also under pressure ...More

Sensex and Nifty ended last week lower amid range-bound trading, with broader markets also under pressure. Analysts identified four key factors that could drive Dalal Street this week, placing Nifty support at 24,200-24,230 and resistance at 24,500-24,550. ...Less

Ola Electric posted an improved June-quarter performance as deliveries picked up. This and more in today' ...More

Ola Electric posted an improved June-quarter performance as deliveries picked up. This and more in today's ETtech Top 5. ...Less

Ola Electric shares surged after the company signed an MoU with Axis Energy to deploy up to 20 GWh of bat ...More

Ola Electric shares surged after the company signed an MoU with Axis Energy to deploy up to 20 GWh of battery energy storage systems by 2032. The partnership is the first major tie-up for Ola Mahashakti, its upcoming energy storage platform set to launch on August 15. ...Less

The Bhavish Aggarwal-led company reported revenue from operations of Rs 455 crore for the June quarter, d ...More

The Bhavish Aggarwal-led company reported revenue from operations of Rs 455 crore for the June quarter, down from Rs 828 crore a year earlier, according to its stock exchange filing. ...Less

Ola Electric has signed an MoU with Axis Energy to explore deploying up to 20 GWh of battery energy stora ...More

Ola Electric has signed an MoU with Axis Energy to explore deploying up to 20 GWh of battery energy storage systems by 2032. The partnership marks the first large-scale commercial agreement for Ola's upcoming Mahashakti energy storage platform, which is set to launch on August 15, and aims to support India's growing demand for grid-scale energy storage. ...Less

Happy Thursday! Some of the best-received new-age IPOs are now trading below their issue price, ET analys ...More

Happy Thursday! Some of the best-received new-age IPOs are now trading below their issue price, ET analysis shows. This and more in today’s ETtech Morning Dispatch. ...Less

In a day of mixed economic signals, Indian markets displayed notable volatility before settling at a flat ...More

In a day of mixed economic signals, Indian markets displayed notable volatility before settling at a flat close. PB Fintech enjoyed a substantial rise in profits thanks to robust growth in insurance premiums. ONGC is also gearing up to ink deals with Venezuela for managing oil blocks. Simultaneously, Ola Electric and Cipla made headlines with their considerable investments in renewable energy initiatives. ...Less

The expansion, spread across 18 states and one Union territory, will initially be driven by Uber Bike, th ...More

The expansion, spread across 18 states and one Union territory, will initially be driven by Uber Bike, the company’s two-wheeler offering. The new markets include Jammu, Tirunelveli, Silchar and Jamnagar, among others. ...Less

Sensex gained 114 points while Nifty fell over 40 points on expiry day, reflecting divergent benchmark mo ...More

Sensex gained 114 points while Nifty fell over 40 points on expiry day, reflecting divergent benchmark moves. Softer inflation supported sentiment, but elevated crude prices and geopolitical risks kept investors cautious, with Nifty remaining rangebound between key technical levels. ...Less

Happy Friday! Uber and Rapido explored combining their India ride-hailing operations in May, sources told ...More

Happy Friday! Uber and Rapido explored combining their India ride-hailing operations in May, sources told us. This and more in today’s ETtech Morning Dispatch. ...Less

Bajaj Auto-backed Yulu is in talks with GEF Capital and One Planet Partners to raise the funds at a valua ...More

Bajaj Auto-backed Yulu is in talks with GEF Capital and One Planet Partners to raise the funds at a valuation of about $250 million, up from $200-210 million previously, sources said. The fundraise comes at a time when energy transition, the larger umbrella under which EV falls, has emerged as one of the fastest-growing themes within India’s deeptech venture ecosystem. ...Less

Happy Friday! Nazara Technologies will raise funds via a preferential issue. This and more in today’s ETt ...More

Happy Friday! Nazara Technologies will raise funds via a preferential issue. This and more in today’s ETtech Morning Dispatch. ...Less

Uber and Rapido discussed merging their India ride-hailing operations in May, sources told us. Talks coll ...More

Uber and Rapido discussed merging their India ride-hailing operations in May, sources told us. Talks collapsed after disagreements over the proposed deal's structure. Uber sought to combine operations with Rapido running the combined entity while Rapido countered with an acquisition proposal which Uber rejected. The failed merger highlights intense competition in India's mobility market. ...Less

Shiprocket is set to launch its IPO after lowering its issue size. This and more in today's ETtech Top 5. ...More

Shiprocket is set to launch its IPO after lowering its issue size. This and more in today's ETtech Top 5. ...Less

Indian markets extended losses as Tata Group stocks tumbled following N Chandrasekaran’s Tata Sons exit, ...More

Indian markets extended losses as Tata Group stocks tumbled following N Chandrasekaran’s Tata Sons exit, while crude nearing $90 heightened inflation concerns. Sensex fell 188 points and Nifty declined 36 points, with PSU banks and metals outperforming broader market weakness. ...Less

Meta apologised for lapses on its platforms during a meeting with IT Secretary S Krishnan. This and more ...More

Meta apologised for lapses on its platforms during a meeting with IT Secretary S Krishnan. This and more in today's ETtech Top 5. ...Less

Indian equities declined as rising crude prices and a weaker rupee weighed on sentiment. Sensex fell 388 ...More

Indian equities declined as rising crude prices and a weaker rupee weighed on sentiment. Sensex fell 388 points and Nifty 112 points, while analysts flagged 24,400 as key support amid geopolitical risks and upcoming inflation data. ...Less

Hindalco shares fell despite the company reporting a record Q1 profit. However, brokerages remained bulli ...More

Hindalco shares fell despite the company reporting a record Q1 profit. However, brokerages remained bullish, citing strong India operations, improving downstream mix and a recovery at Novelis, while raising their target prices and retaining Buy ratings on the stock. ...Less

Indian stock markets opened muted this week as global worries tempered investor sentiment. Strong first-q ...More

Indian stock markets opened muted this week as global worries tempered investor sentiment. Strong first-quarter earnings provided some support, offsetting geopolitical tensions. Analysts noted softer US jobs data, shifting focus to inflation readings for rate direction. ...Less

As competition in the Chinese automotive sector intensifies, German car manufacturers are witnessing a de ...More

As competition in the Chinese automotive sector intensifies, German car manufacturers are witnessing a decline in sales and profitability. Homegrown brands like Xiaomi and BYD are making significant inroads with consumers. The challenge for these foreign automakers lies in adjusting their pricing strategies and keeping pace with swift advancements in electric vehicle technology. To reclaim their luxury status and financial health, German firms need to innovate at an accelerated pace. ...Less

India's electric vehicle retail sales hit a record 3,27,901 units in July. This represents a significant ...More

India's electric vehicle retail sales hit a record 3,27,901 units in July. This represents a significant 66 percent year-over-year growth for the sector. The two-wheeler segment led this surge with 2,04,362 units sold. Electric passenger and three-wheeler sales also saw substantial increases. Overall, electric vehicles now constitute nearly one in eight vehicles retailed. ...Less

Indian equities ended marginally higher despite sharp swings driven by closing auction session confusion. ...More

Indian equities ended marginally higher despite sharp swings driven by closing auction session confusion. RBI maintained rates, raised FY27 GDP outlook and lowered inflation forecast. Realty, auto and metal stocks outperformed, while analysts expect Nifty to remain range-bound unless it decisively crosses 24,800. ...Less

Indian markets found support from easing crude oil prices and the RBI's stable policy outlook despite ran ...More

Indian markets found support from easing crude oil prices and the RBI's stable policy outlook despite range-bound trade. Analysts said Nifty holding above 24,600 keeps bullish momentum intact, with improving earnings expectations and stock-specific buying supporting broader market resilience. ...Less

In an exciting development, Impact Fund Denmark plans to invest in Greencell Mobility, potentially acquir ...More

In an exciting development, Impact Fund Denmark plans to invest in Greencell Mobility, potentially acquiring a considerable share of the electric bus operator valued at ₹3,000 crore. Greencell currently boasts a fleet of 3,300 electric buses across thirty cities in India. With strong backing from international investors, the company supports the government's drive towards greener urban transit solutions. ...Less

Broader markets rallied on Wednesday, with the Nifty Smallcap 250 gaining nearly 1% to hit a fresh 52-wee ...More

Broader markets rallied on Wednesday, with the Nifty Smallcap 250 gaining nearly 1% to hit a fresh 52-week high, supported by strong smallcap earnings and easing valuations. The index climbed close to its September 2024 record, while the Nifty Smallcap 100 also hit a fresh all-time high. ...Less

Five stocks in the Nifty500 pack that gained over 7% featured in the RSI Trending Up scan on August 5 aft ...More

Five stocks in the Nifty500 pack that gained over 7% featured in the RSI Trending Up scan on August 5 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

Manipal Health Enterprises shares debuted on Wednesday with an 11% premium. The IPO garnered strong deman ...More

Manipal Health Enterprises shares debuted on Wednesday with an 11% premium. The IPO garnered strong demand, especially from institutional investors. The company plans to use IPO proceeds for debt repayment and acquisitions. Manipal Health Enterprises operates a significant network of hospitals across India. This listing provides insights into the country's growing healthcare sector. ...Less

The fresh capital will be used to expand River Mobility’s manufacturing capacity, set up a new greenfield ...More

The fresh capital will be used to expand River Mobility’s manufacturing capacity, set up a new greenfield factory and launch new products, as it looks to grab a larger share of India's electric two-wheeler market. The company currently has a manufacturing capacity of about 10,000 vehicles a month in its factory in Hoskote, near Bengaluru, and plans to increase that by five to eight times with its new facility. ...Less

Vedanta Aluminium shares: Systematix Institutional Equities initiated coverage on Vedanta Aluminium with ...More

Vedanta Aluminium shares: Systematix Institutional Equities initiated coverage on Vedanta Aluminium with a Buy rating and a target price of Rs 598, implying 28% upside. The brokerage expects earnings growth to be driven by higher volumes, deeper backward integration and strong aluminium demand. ...Less

India’s electric vehicle market reached a record in July, with registrations rising over 66% year-on-year ...More

India’s electric vehicle market reached a record in July, with registrations rising over 66% year-on-year to around 3.3 lakh units, driven by high fuel prices, wider model availability and expanding dealer networks. Electric two-wheelers crossed 2 lakh monthly registrations for the first time, led by TVS Motor and Bajaj Auto. ...Less

Indian markets ended lower as weekly expiry and volatility from the new Closing Auction Session unsettled ...More

Indian markets ended lower as weekly expiry and volatility from the new Closing Auction Session unsettled traders. Analysts cited forced retail square-offs, while investors tracked RBI policy, Strait of Hormuz developments and key technical support levels amid mixed broader market performance. ...Less

Flipkart plans to launch its food delivery service in Bengaluru mid-August. The company is considering re ...More

Flipkart plans to launch its food delivery service in Bengaluru mid-August. The company is considering restaurant commissions of up to eleven percent. These proposed rates are significantly lower than current market offerings. Flipkart will pilot faster and regular delivery options during this initial phase. The service aims to expand to five major metros after learning from the pilot. ...Less

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

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

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

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

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

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

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

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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 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