Bhavish Aggarwal News
This decline has taken a toll on its market share, which has shrunk from 46 per cent in June 2024 to just 19 per cent now.
Ola Electric Founder Bhavish Aggarwal had posted a video on his X handle on December 2 before 10 a.m, in which he shared his plan to increase the company's sales network by nearly four times by December 20
The Bhavish Aggarwal-led electric vehicle (EV) company is trying to boost its operational efficiency by reducing redundancies and “drive profitability”, according to multiple reports. The restructuring exercise will impact employees from several departments, the reports added.
Ola Electric’s recent stock plunge comes amid rising controversy involving CEO Bhavish Aggarwal and a social media dispute.
Shares of Ola Electric Mobility fell more than 4 per cent on Monday and slipped below the Rs 100 mark for the first time since its listing last month.
The electric vehicle (EV) company’s stock closed at 108.15 apiece, a drop of 2.56 per cent from its last trading session. The share is down more than 31 per cent from its recent all-time high of 157.40.
The Ola Electric cell is currently under trial production at its Gigafactory.
Ola Electric’s shares have tumbled over 27 per cent from its record peak of Rs 157.53 a piece, leaving investors jittery amid profit booking and broader market volatility.
A latest Jefferies report said that TVS and Bajaj have expanded their portfolios with more affordable electric two-wheelers.
For Q1 FY25, the company posted adjusted gross margin of Rs 377 crore for the quarter ended June 30.
It includes street view, indoor images, NERFs, drone maps and 3D maps.
Ola Electric also surpassed 2 lakh registrations in CY2024, becoming the first EV two-wheeler company to achieve the milestone within the first half of a calendar year.
ONDC is projected to surpass 10 million transactions in June which includes both mobility and retail and marks a fivefold growth year-on-year.
The professional networking platform LinkedIn later deleted Ola CEO Bhavish Aggarwal's posts "without notifying him", leading to an outburst from the Ola founder.
Netizens have slammed OLA CEO Bhavish Aggarwal's tweet as being 'homophobic'.
Krutrim has announced Model-as-a-Service (MaaS), offering developers access to its LLMs as well as open-source models being hosted on its cloud at cheaper costs.
The series of errors made by Krutrim AI has caused a great deal of laughter on social networking platform X, where screenshots of the chatbot's replies have gone viral.
The chatbot will assist users in over 10 Indian languages, such as English, Hindi, Tamil, Bengali, Marathi, Kannada, Gujarati, and even Hinglish (a blend of Hindi and English).
Ola revolutionized urban mobility in India, transforming the traditional taxi industry with its innovative app-based platform, achieving remarkable success, and becoming a leading player in the global ride-hailing market.
The proposed Initial Public Offering (IPO) encompasses a fresh equity share release of up to Rs 5,500 crore and an offer for sale (OFS) involving 95,191,195 equity shares at a face value of Rs 10.
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