MUMBAI : Indian e-scooter maker Ola Electric has received regulatory approval to go ahead with its $660 million Initial Public Offering, said two sources with direct knowledge, paving the way for the country's first ever EV stock listing.SoftBank and Temasek-backed Ola had filed its papers with India's Se
Analysts are bearish on auto stocks despite robust fiscal fourth quarter results due to weak outlook on volumes growth, intensifying competition, margin pressures in electric segment and rich valuations.
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Ola Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as the senior leadership is still concluding the scale of the layoffs. They are expected to hit multiple verticals, sources told ET.
Happy Monday! A new wave of brands founded by second generation entrepreneurs is snagging venture capital. This and more in todays packed edition of ETtech Morning Dispatch.