The company went public last August in an initial share sale that raised 6,145.56 crore. However, since then the company has been losing its market share continuously.
Following the news, Ola Electric shares fell 4% to â¹76.14 but later recovered and closed flat at â¹79.54.
The warning came after Bhavish Aggarwal, chairman and MD of the firm, had on December 2, 2024, shared details of Ola's plans for a four-fold expansion of its retail points on a social media platform, and not after disclosing to the exchanges.
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Dr Reddy's profit up 2% at â¹1,413 cr; revenue at â¹8.4k cr
Dr Reddy's Laboratories on Thursday said its consolidated net profit rose 2% to â¹1,413 crore in the third quarter of current financial year (FY25), driven by robust performance across markets.
Semiconductor industry succeeds in clusters: Meity Secretary
Krishnan, secretary, Ministry of Electronics and Information Technology (Meity), in a conversation with TNIE indicated that there would be a follow-on production linked incentive (PLI) scheme for larger investments.
Spin it to win it: Varun growing in stature
Gambhir and other leaders in the team has propelled spinner to be more attacking, says former India pacer Balaji
India supporting Indonesia defence industrialisation
INDIAN Ambassador to Indonesia Sandeep Chakravorty talks to Jayanth Jacob about the forthcoming visit of Indonesian President Prabowo Subianto as Chief Guest for India's 76th Republic Day.
Don't Take Precipitative Action Against Ravi, HC Tells CID
The Karnataka High Court on Thursday directed the Criminal Investigation Department (CID) not to take precipitative action against BJP MLC CT Ravi, in connection with a case registered against him by the Bagewadi police, for allegedly making derogatory remarks against Minister of Women and Child Development Laxmi Hebbalkar.
'Pariksha Pe Charcha' Initiative: Shri KV No 2 Organises Quiz Contest
SHRI Kendriya Vidyalaya (KV) No 2 organised a quiz competition under the 'Pariksha Pe Charcha' initiative, in Belagavi on Thursday.
Two kids drown in Malaprabha river in B'gavi
TRAGEDY struck when two children from Gadag drowned in the Malaprabha River near Munavalli while on a pilgrimage to the Saundatti Yellamma Devi temple with their family, in the Belagavi district on Wednesday.
Keys shocks Swiatek to reach final
MADISON Keys fought back from a set down on Thursday to shock Iga Swiatek in a nail-biter and set up an Australian Open final against two-time defending champion Aryna Sabalenka.
14 Held for Vandalising Unisex Salon in M'luru
Amnesia Pub attack accused held Prasad Attavar, a rowdy sheeter and prime accused in the Amnesia Pub attack in 2009, among the arrested
Maruti Suzuki Cars to Become Expensive by Up to â¹32,500 From Feb 1
The country's largest carmaker Maruti Suzuki (MSIL) will be hiking the prices of its vehicles by up to â¹32,500 from February 1, 2025, to offset the rise in input costs.
