Ola Electric To Lay Off 500 Employees Amid Losses: Report

November 22, 2024 admin

Ola Electric reported 43% rise in net loss in July-September period from the previous quarter. New Delhi: Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of a restructuring exercise. The Bhavish Aggarwal-led electric vehicle (EV) company is trying to boost…

Nation

Union Budget | Centre to expand electric vehicle ecosystem to support charging infra

February 1, 2024 admin

The government will expand the electric vehicle ecosystem to support charging infra, and e-buses for public transport networks will be encouraged, Finance Minister Nirmala Sitharaman said on Thursday, February 1, 2024. Ms. Sitharaman, in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, also said the blending of…

Business