India's Ola Electric likely to set valuation at around $4.5 billion for IPO, sources says

NEW DELHI (Reuters) -SoftBank-backed Indian e-scooter maker Ola Electric is likely to value the company at around $4.5 billion for its upcoming initial public offering (IPO), around 16-20% lower than at its last funding round, two sources with direct knowledge of the matter said. Read full story

Swiggy targets $15 billion valuation in India IPO, sources say

thestar.com.my - 23/Aug 12:30

NEW DELHI (Reuters) - SoftBank-backed Indian food delivery giant Swiggy is targeting a valuation of around $15 billion for its upcoming stock...

India's Ola Electric posts bigger Q1 loss as incentives drop, costs rise

thestar.com.my - 14/Aug 10:44

BENGALURU (Reuters) -Ola Electric, India's top e-scooter maker, reported a wider first-quarter loss on Wednesday, hurt by the price cuts it took to...

Warburg Pincus-backed cybersecurity firm eSentire explores sale, sources say

thestar.com.my - 13/Aug 14:47

NEW YORK (Reuters) - The owners of eSentire are exploring options including a potential sale that could value the cybersecurity company at about...

Eskom rolls out first electric car charging stations as first step towards electrifying fleet

dailynews.co.za - 23/Aug 06:31

The Distribution arm of South Africa’s power utility Eskom has laid the first foundations for the electrification of its vehicle fleet.Although...

‘Valuations more expensive than Tesla’: Ola Electric stock surges 107% in just 7 days!

times of india - 20/Aug 08:19

Ola Electric's stock has risen 107% from its IPO price, surpassing Tesla's valuation. Several long-term investors have pointed out that Ola, with a...

Indian Metals Major Hindalco to Attempt Any Novelis IPO in 2025

financialpost.com - 14/Aug 10:28

Hindalco Industries Ltd., which delayed an initial public offering for Novelis Inc., said it’s seeking a premium valuation for its US unit and any...

SoftBank in talks to invest in Sharp but feasibility unclear, Kyodo reports

thestar.com.my - 22/Aug 12:00

TOKYO (Reuters) - Japanese telecom company SoftBank Corp is in talks to invest about 100 billion yen ($684 million) in electronics maker Sharp...

EV maker Rivian halts production of Amazon delivery vans amid parts shortage

thestar.com.my - 16/Aug 12:28

(Reuters) -Rivian has temporarily suspended production of its commercial delivery vans used by retail giant Amazon.com due to a shortage of parts, a...

Snickers maker Mars to acquire Pringles maker Kellanova for nearly $30 bln

cde.news - 14/Aug 05:15

Mars set to acquire Kellanova, maker of snacks, for $30 billion.

WeRide, a Chinese Autonomous Driving Start-Up, Is About to Go Public

the new york times - 15/Aug 12:25

WeRide, a $5 billion software maker, is set for an I.P.O. amid geopolitical risks and a rush by Chinese automotive tech firms to raise money in the...

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