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Home  Business

Business

Ola Electric set to lay off 500 employees amid poor results

Ola Electric set to lay off 500 employees amid poor results

  • WhatsApp to introduce feature that transcribes voice messages to text

    Transcripts are rolling out globally over the coming weeks with a few select languages to start, and the company plans to add more languages over the coming months
  • Moody’s to review Adani Group’s governance after bribery charges

    Moody's Ratings stated that the indictment of Adani Group's chairman and other senior officials on bribery charges is "credit negative" for the group's companies. Billionaire Gautam Adani has been accused by U.S. prosecutors of participating in a scheme to pay over $250 million (approximately ₹2,100 crore) in bribes to Indian officials to secure favorable terms for solar power contracts.
  • After US indictment, Adani Group stocks shed Rs 2.45 lakh cr market value

    Stock of the group's flagship firm Adani Enterprises plunged 22.99 per cent, Adani Ports dived 20 per cent, Adani Energy Solutions tanked 20 per cent
  • Zomato CEO announces job opening; Says no salary for one year, candidate needs to pay Rs.20 lakh as fee

    he job which is based at Zomato's headquarters in Gurugram requires a candidate with 'hunger,' 'empathy,' 'common sense' and 'not a lot of experience'
  • Hyderabad’s real estate shows signs of slowdown, unit sales dip significantly

    According to ANAROCK data, city saw 7% drop in number of homes sold between April and September 2024 compared to the same period last year
  • Is work from home beneficial for Indian companies?

    The study, titled "Work-from-Home: Benefits and Costs: an Exploratory Study in the Indian Context", stated that Covid has given rise to many alternative systems, and work from home is a prominent outcome altering the employment ecosystem
  • Equity indices dip on foreign outflows, IT sell-off, and weak US cues

    The BSE Sensex dropped 156.72 points to 77,423.59 in early trade, while the NSE Nifty fell 64.25 points to 23,468.45. Key laggards from the 30-share Sensex included Infosys, Tech Mahindra, HCL Technologies, TCS, NTPC, Axis Bank, Tata Motors, and IndusInd Bank.
  • Rupee rises 8 paise to 84.38 against US dollar in early trade

    Forex traders noted that lower crude oil prices in the international market boosted the local currency's recovery. At the interbank forex market, the rupee opened at 84.42 and gained further to 84.38 against the US dollar, up by 8 paise from its previous close.
  • Uber introduces safety and ease features for drivers, including SOS and women rider preference

    In support of the government's Code on Social Security (CoSS), aimed at providing a safety net for gig workers, Uber announced efforts to promote registrations on the e-Shram portal, a unified database for gig and unorganized workers.
  • Mexican drug regulator imposes Rs 27 lakh penalty on Dr Reddy’s

    Penalty imposed on the company for deviation from prescribed guidelines in filing intimation of import of a reference standard for one of the APIs
  • Hyundai plans to make India a car production hub for emerging markets

    HMI Managing Director Unsoo Kim said in a conference call that the car major would be expanding production to meet the growing demand in the domestic market as well as the export market in Africa, the Middle East, Latin America and South Asia
  • iPhone exports from India touch record Rs 60,000 crore in April-Oct

    This time, the company is exporting newly-launched iPhone 16 models from India, apart from the other popular models in its 15 and 14 series
  • Indian markets slide on heavy selling in Reliance, HDFC bank

    During intra-day trading, the Sensex dropped by 530 points, or 0.67%, reaching 78,158, while the Nifty fell by 180 points, or 0.76%, to 23,702. The Sensex also hit an intra-day low of 77,959 during the session.
  • Swiggy IPO makes 500 employees ‘crorepatis’; unlocks Rs 9,000 cr worth of ESOPs

    On Wednesday, shares of Swiggy were listed with a premium of nearly 8 per cent against the issue price of Rs 390 on NSE.
  • Air India-Vistara merger becomes reality; Singapore Airlines to invest Rs 3,195 cr in integrated entity

    The completion of the much-awaited amalgamation, which was announced in November 2022, comes within six weeks of the integration of Air India Express and AIX Connect
  • Vistara flies into sunset as its last flight takes off to Singapore

    Vistara has now merged with Air India, creating an enlarged entity that is now the country's largest international carrier and second-largest domestic carrier
  • Soon, Bitcoin may touch $1,00,000, thanks to Trump’s crypto regulations

    On Tuesday, the Bitcoin price was hovering around $87,880 apiece; the price has surged about 30 per cent since the US election
  • Vistara operates final flights ahead of Air India merger

    Air India has announced that Vistara flights will switch to the 'AI2' flight code following the airlines' merger. Post-merger, Singapore Airlines will hold a 25.1% stake in Tata Group-owned Air India. Vistara was originally established in 2015 as a joint venture with Singapore Airlines holding a 49% stake.
  • Andhra Pradesh govt presents Rs 2.94 lakh crore Budget, aims at restarting State’s financial wheels

    Allots Rs 16,739 crore for Pawan Kalyan's Panchayat Raj and Rural Development portfolio; opposition YSRCP boycotts session
  • Amid diversification push, Apple plans research subsidiary in India

    The research and development facility would reportedly focus on research, design, testing and providing support to third-party manufacturers
  • Swiggy’s Rs 11,327 cr IPO subscribed 3.59 times on final day

    Swiggy's IPO was subscribed 0.12 times on the first day and 0.35 times on the second day. The qualified institutional buyers (QIBs) portion was subscribed 6.02 times, the non-institutional investors (NIIs) portion saw a 0.41 times subscription, the retail individual investors (RIIs) portion was subscribed 1.14 times, and the employee portion received 1.65 times subscription.
  • Ola Electric launches ‘BOSS of All Savings’ amid record EV sales

    Through the ‘BOSS of All Savings’ offer, Ola Electric is allowing customers to save up to Rs. 15,000 on the purchase of an Ola S1, with potential annual savings of up to Rs. 30,000 due to lower running and maintenance costs compared to an ICE vehicle.
  • Gold, Silver prices drop post-US election

    The India Bullion and Jewellers Association Ltd (IBJA) reports that 24-carat gold is priced at Rs 76,570 per 10 grams, 22-carat at Rs 74,720, 20-carat at Rs 68,130, and 18-carat at Rs 62,201 per 10 grams.
  • Supreme Court orders liquidation of Jet Airways

    A Bench led by Chief Justice D.Y. Chandrachud upheld the lenders' plea opposing the transfer of ownership of the grounded airline to the Jalan Kalrock Consortium (JKC). The Bench, which also included Justices J.B. Pardiwala and Manoj, used its extraordinary powers under Article 142 of the Constitution to ensure "complete justice" between the parties, ordering the immediate appointment of a liquidator.
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