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OLA RETAIL EXPANSION
Ather Energy board approves Rs 2,500-crore fundraising planAther Energy's board has greenlit a substantial fundraising plan, aiming to secure up to Rs 2,500 crore. This significant capital infusion ...- Ather board to consider fresh fundraise on June 12The fundraising could be undertaken through routes including a qualified institutional placement (QIP), a rights issue or other permissible...
- Kuku FM readies public market debut; SoftBank books Lenskart gainsKuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.
- Ola Electric launches QIP to raise funds, sets floor price at Rs 37.74 a shareOla Electric Mobility has launched its qualified institutional placement (QIP) and set a floor price of Rs 37.74 per share. The company may...
- Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...
- Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.
- PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...
- Coal India, NMDC emerge as must-watch mining plays as spot prices surge, says Motilal Oswal's Siddhartha KhemkaIndia's mining and metals sectors show strong opportunity with surging coal and iron ore prices, benefiting Coal India and NMDC. Private ba...
- Ola Electric shares nearly double from a record low: Is a comeback in sight?Besides luck, certain positive updates and improving numbers suggest the rally could be backed by real progress. Momentum is building as in...
- Ola Electric shares in focus amid plans to cut physical storesOla Electric plans to cut its store network to 550 outlets amid declining market share and operational challenges. The company reported wea...
- Ola Electric to cut stores to 550 as sale slump widensOla Electric plans to reduce its physical store count further to about 550 by March-end, amid a sharp decline in market share and mounting ...
- Ola Electric to cut store network to 550Ola Electric is significantly cutting its physical store count to around 550 by March-end. This move follows a sharp drop in market share a...
- After plumbing lows, Ola gets a full charge on D-Street; stock jumps 31% in AugustOla Electric shares surged nearly 31% in August, marking their best monthly performance since listing, fueled by optimism surrounding gover...
- Ola Electric ropes in EY to bolster regional compliance amid retail expansionOla Electric has partnered with Ernst & Young to bolster regional compliance as it transitions to a direct-to-store retail model, phasing o...
- Ola Electric accelerates profitability drive axing regional warehouses, optimising costsOla Electric has streamlined its distribution network by eliminating regional warehouses, now leveraging its 4,000 retail stores for invent...
- Ola Electric IPO subscribed 4.27X on final day of biddingOla Electric Mobility’s ₹6,146 crore IPO, the biggest so far in 2024, was oversubscribed 4.27 times. The offering included ₹5,500 crore in ...
- Ather Energy inducts ex-Ola execs Gurinder Singh Sukhija, Murali Sashidharan into management teamWith over 24 years of experience in diverse industries such as banking, telecom, infrastructure and transport networks, Sukhija was working...
- Ola Electric expands test rides of e-scooters pan-IndiaThe test rides will be initially open only for those who have purchased or reserved the Ola S1 and S1 Pro scooters, it added. Ola had kicke...
- Indifi Expands loan portfolio through partnership with Edelweiss for SME FinancingWith this association, Edelweiss Retail Finance will now extend lending to small businesses across multiple segments that Indifi operates a...
- Centre to divest 10% stake in NalcoIn a complete turnaround of its earlier stand, the ministry of mines has now agreed to divest 10% government equity in aluminium major Nalc...
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