Ola Electric is conducting an restructuring exercise which is expected to affect over 500 employees across various roles within the organisation, according to sources. This would be over 12 per cent of staff at the firm which has about 4,000 people. “This is a restructuring exercise ongoing for the last few months and is expected to conclude by next month,” said a person familiar with the development.
Posts in category All News
Lupin shares 0.71% as Sensex rises (22-11-2024)
A total of 4,218 shares changed hands on the counter till 12:26PM (IST)
Valuations, not growth, pose the bigger challenge for Indian markets: S Naren (22-11-2024)
Earnings certainly was a problem in the September quarter and in the December quarter, things will be slightly better. But the problem is that if you look at more smallcap and midcap, you are giving them 60, 70, 80 PE. Is it justified? No. But the reason they are being given 60, 70, 80 PE is because there is continuous inflow into small and midcap funds and due to that the funds buy at 60, 70, 80 PE and that is the challenge if you ask me, is the problem rather than the economy.
ICICI Lombard shares 2.09% as Sensex rises (22-11-2024)
On the technical charts, the RSI of the stock stood at 35.09.
IDFC First Bank Limited (22-11-2024)
I will go even further as to say even if there is a revenue impact, it will impact profitability of adani and not viability of the loan itself unless adani group faces liquidity issues.
That should also be the case with fusion microfinance loan also.
So all the provisioning idfc first did, a lot of it should come back post rights issue of fusion micro.
Protean EGov Technologies Ltd – A Play on the ONDC, Digital Policies (22-11-2024)
Protean eGov Technologies OFS: NSE Investments is set to divest up to 20.3 per cent of its stake through an offer for sale (OFS). Set a floor price of ₹1,550 per equity share.
Praj Industries surges on ambitious growth plan, eyeing sustainable sectors (22-11-2024)
Praj Industries soared 8.27% to Rs 731.80 as the company targets a threefold increase in revenue by 2030 by focusing on new opportunities.
Zinka Logistics shares fall 7% after listing. What should investors do (22-11-2024)
Zinka Logistics share Price: Zinka Logistics Solutions’ shares fell 7% post-IPO debut at Rs 279, with a 2.2% premium over the issue price. Investors are cautious due to financial challenges and legal issues.
Anand Rayons Ltd leads gainers in ‘B’ group (22-11-2024)
Supriya Lifescience Ltd, Murae Organisor Ltd, Taylormade Renewables Ltd and Nakoda Group of Industries Ltd Partly Paidup are among the other gainers in the BSE’s ‘B’ group today, 22 November 2024.