Explained: Why Ola Electric share price fell over 5% today
1 day, 10 hours ago

Explained: Why Ola Electric share price fell over 5% today

India Today  

Shares of Ola Electric Mobility Ltd declined over 5% during Wednesday’s trading session after the company received an administrative warning from the Securities and Exchange Board of India for non-compliance with disclosure norms. The market regulator took issue with a material announcement made by Ola Electric’s promoter and Chairman-cum-Managing Director Bhavish Aggarwal on X at 9:58 am on December 2, 2024. "It is observed that whereas the aforesaid information was disseminated on the stock exchanges by you at 1:36 PM and 1:41 PM on December 2, 2024, it was announced beforehand on X at 9:58 AM on December 2, 2024 by Bhavish Aggarwal, your promoter and Chairman-cum-Managing Director," the Sebi letter read. Additionally, Sebi directed Ola Electric to present the matter and its corrective steps to the Board of Directors and disclose this communication to stock exchanges

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History of this topic

Sebi against exuberance, price manipulations in SME listings; board to discuss it soon: WTM Bhatia
3 weeks, 1 day ago

Sebi against exuberance, price manipulations in SME listings; board to discuss it soon: WTM Bhatia

Live Mint  

Mumbai, Dec 17 Capital markets regulator Sebi wants to prevent exuberance, price manipulations and fraudulent trading practices on the Small and Medium Enterprises exchange, a senior official said on Tuesday. Addressing the India SME Banking Summit here, Whole Time Member Ashwani Bhatia said the regulator's board will be taking up the issue at its forthcoming meeting. "We are cognisant of …

Why Ola Electric share price jumped today? 3 factors behind strong rally
1 month ago

Why Ola Electric share price jumped today? 3 factors behind strong rally

India Today  

Shares of Ola Electric Mobility extended their winning streak on Tuesday, rising nearly 7% in intraday trade to touch Rs 101.42 on the Bombay Stock Exchange. Over the past five trading sessions, Ola Electric shares have gained nearly 28%, recovering sharply from their 52-week low of Rs 66.60. STORE EXPANSION BOOST Ola Electric's CEO Bhavish Aggarwal has unveiled an ambitious …

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here
1 month, 1 week ago

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here

Live Mint  

Despite starting today’s trading session on a weak note, falling 7 per cent, OLA Electric shares staged a strong recovery, erasing early losses to trade at ₹93.70 apiece, up 7 per cent from the previous close of ₹87.41. Despite the drop, OLA Electric retained its leadership position in the electric two-wheeler segment, holding a market share of 24.54 per cent …

Ola Electric shares continue positive rally, rise above Rs 90. Time to buy?
1 month, 1 week ago

Ola Electric shares continue positive rally, rise above Rs 90. Time to buy?

India Today  

Ola Electric Mobility Ltd extended its rally on Thursday, with shares rising over 6% to hit a high of Rs 93.60 in early trade. The brokerage had initiated coverage with a 'Buy' rating, citing Ola Electric’s dominance in the Indian electric two-wheeler market and its long-term growth potential. Citi highlighted Ola Electric’s leadership position with a 38% market share in …

Sebi investigating if Adani group flouted disclosure rules
1 month, 2 weeks ago

Sebi investigating if Adani group flouted disclosure rules

Live Mint  

India’s capital markets regulator is looking into whether the Adani group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter. The Securities and Exchange Board of India has asked officials at the stock exchanges if Adani Green Energy Ltd failed to properly disclose the US Justice Department’s investigation into bribery allegations, the people …

More trouble for Ola Electric, faces investigation over service standards: Report
Trending News
1 month, 3 weeks ago

More trouble for Ola Electric, faces investigation over service standards: Report

India Today  

The country's leading certification agency, the Bureau of Indian Standards, is set to investigate Ola Electric over alleged deficiencies in service standards and product quality, according to Consumer Affairs Secretary Nidhi Khare. In October, the CCPA requested Ola Electric to explain why it had received nearly 10,000 complaints from customers. The rising volume of complaints has brought regulatory scrutiny upon …

Consumer Complainants' Joy: Ola Electric Resolves 99.1% of Complaints
2 months, 2 weeks ago

Consumer Complainants' Joy: Ola Electric Resolves 99.1% of Complaints

Hindustan Times  

Kunal Kamra's post on Ola Electric's complaints garners mixed reactions. While he celebrates 99% of the complaints resolved, he questions the company's handling of user complaints and the applicability of the Consumer Protection Act (CCPA). The debate highlights the ongoing challenges faced by Ola Electric in addressing consumer grievances and maintaining transparency in its communication.

NSE ready to begin public issue process, waiting for SEBI approval to launch IPO: CEO Ashish Chauhan
9 months ago

NSE ready to begin public issue process, waiting for SEBI approval to launch IPO: CEO Ashish Chauhan

Live Mint  

The National Stock Exchange is ready to begin its initial public offering process but awaits the approval from capital markets regulator Securities and Exchange Board of India, according to chief executive officer Ashishkumar Chauhan. In December 2023, SEBI asked NSE to remain glitch-free for at least a year, enhance its technological infrastructure and corporate governance and resolve pending legal matters. …

Sebi extends timeline for verification of market rumours by listed entities
1 year, 3 months ago

Sebi extends timeline for verification of market rumours by listed entities

Live Mint  

The Securities and Exchange Board of India has extended the timeline for verification of market rumours by listed entities. “It has been decided to extend the effective date of implementation of the proviso to regulation 30 of the LODR Regulations for top 100 listed entities by market capitalization, to February 1, 2024 and for top 250 listed entities by market …

SEBI proposes curbs on derivative-linked share moves
1 year, 7 months ago

SEBI proposes curbs on derivative-linked share moves

The Hindu  

The Securities and Exchange Board of India, India’s market regulator, proposes measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements. SEBI proposed in a consultation paper late on May 21 that if a share in the futures and options segment falls or rises by 10% a day, …

Sebi examining legal aspects of NSE IPO: Tyagi
4 years, 11 months ago

Sebi examining legal aspects of NSE IPO: Tyagi

India TV News  

Sebi chief Ajay Tyagi on Tuesday said the capital markets regulator has received communication from largest stock bourse NSE for its IPO, and is examining the legal aspects of the same. The comments come within a month of NSE chief executive Vikram Limaye having said that the stock exchange intends to launch its initial public offering by September. In an …

NSE approaches markets regulator Sebi for IPO
5 years ago

NSE approaches markets regulator Sebi for IPO

India TV News  

The National Stock Exchange on Monday said it has approached markets regulator Sebi for its initial public offering and hopes to launch the public issue by September this year subject to approvals. "We have approached Sebi to seek its approval for the IPO and after that we will start the process of appointing merchant bankers, who will help the exchange …

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