Business & Markets: India — Last 24 Hours

Ola Electric is back in the market for fresh capital, approving a ₹1,500 crore fund raise via equity or convertible securities. This comes barely three months after its ₹780 crore QIP, signaling that financing needs remain critical as the company battles falling sales and a massive debt load of over ₹1,600 crore. The fund raise is vital to fuel its push into energy storage and build a 500+ dealer network over the next two quarters.

Leadership...