Stocks to watch today: With Accenture raising its revenue guidance for FY25 to 3-6 per cent, exceeding its previous guidance, IT stocks in India would be in focus today.
The S1 series' manufacturer of electric scooters has intensified its focus on service operations by building a new team that includes employees from various departments such as product and operations
The incident comes amid growing public ire over servicing at Ola Electric, India's no.1 e-scooter maker
Ola Electric share price target: Since its listing on August 9, Ola Electric stock has surged 92 per cent (till August 19) over its issue price of Rs 76
The e-motorcycle launch is set to intensify competition in the world's second-largest two-wheeler market
The e-bikes, named Roadster, Roadster X, and Roadster Pro, will be available from the fourth quarter of FY25
The Bengaluru-headquartered electric vehicle manufacturer was awarded 20 Gigawatt hours (GWh) out of the 50 GWh allocated under the PLI scheme
Ola Electric CEO Bhavish Aggarwal also announced the development of Ola's next-generation battery technology, known as the 'BharatCell,' the first cell to be manufactured in India
The company, which made its trading debut last week, said its loss widened to Rs 347 crore ($41.4 million) in the April-June quarter from Rs 267 crore
Following the listing of Ola, Aggarwal, who is just 38, has seen his net worth surpass $1.5 billion, cementing his place in the world's youngest billionaires list
The stock had listed flat to its initial offer price at 76 rupees on the National Stock Exchange
MapMyIndia's legal notice alleges Ola's activities breach the 2021 agreement's terms, which specifically forbid co-mingling and reverse engineering as per Intellectual Property regulations
Days before its IPO, Ola Electric is in the news for not quite the right reasons.
According to Redseer, E2W penetration in India is expected to expand from approximately 5.4 per cent of domestic 2W registrations in FY24 to 41-56 per cent of domestic 2W sales volume by FY28
Volume growth, vertical integration would be the main pillars for improving its margins, founder and CEO Bhavish Aggarwal told reporters on Monday
Ola is planning the IPO at a lower valuation to ensure higher participation from investors bidding for the IPO shares
SoftBank-backed EV maker to pursue valuation of about $4.5 bn
EV maker last raised funds at $5.5 bn value
Indian markets regulator in June approved Ola's $660 million stock market listing, the first IPO by an EV-maker in India and which is set to be one of country's largest share sales this year
Bhavish Aggarwal, founder, says leading global products should be made in the country, for India and the world