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pharmeasy operating revenue: PharmEasy s FY23 operating revenue up 16% to Rs 6,644 crore; net loss widens 30%

PharmEasys parent firm API Holdings cut down its advertising and promotional expenses to Rs 235 crore, less than half of what it incurred on this account in FY22, while staff costs also eased 12% to Rs 1,283 crore.

Ola Electric IPO: Bhavish Aggarwal s Business Has Too Many Risks To Ignore

Ola Electric IPO: Bhavish Aggarwal s Business Has Too Many Risks To Ignore
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Ola Electric files for IPO, a first by Indian EV firm

The Indian entrepreneurship success story will soon see one more company debuting on the public markets. Ola Electric, the electric vehicle (EV) company, has become the first such firm that has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for its initial public offering (IPO). This is a fresh issue of equity shares of up to Rs 5,500 crore and an offer for sale (OFS) of more than 95 million equity shares at a face value of Rs 10.

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