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Rout in Ola shares takes a heavy toll on Bhavish Aggarwal's assets

Financial Express Chandigarh

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December 01, 2025

THE ONGOING ROUT in Ola Electric shares has slashed more than half of founder Bhavish Aggarwal's publicmarket net worth, eroding the value of his listed holdings by over ₹5,000 crore just a year after the company's blockbuster IPO.

- NARAYANAN V

Aggarwal currently holds 1.32 billion shares in Ola Electric, valued at ₹5,428 crore based on Friday's closing price of ₹41.38 on the NSE. Ola Electric stock is now 46% below its listing price of ₹76 and down 60% from its 52-week high of ₹102.50 in December 2024. Shares are inching toward the 52-week low of ₹39.60 recorded on July 14, 2025.

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Digi payments: SBI & BoB get nod to set up intelligence arm

STATE BANK OF India (SBI) and Bank of Baroda (BoB) have received approval from the Reserve Bank of India (RBI) to form section-8 companies under the Companies Act, 2013 for digital payments intelligence platform called Indian Digital Payment Intelligence Corporation (IDPIC), lenders informed the exchanges on Wednesday.

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Adani Enterprises’ ₹25K-cr rights issue oversubscribed

ADANI ENTERPRISES SAID on Wednesday its ₹25,000-crore rights issue was oversubscribed, marking the group's biggest capital raise since a short-seller's allegations roiled the ports-to-power conglomerate in 2023.

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CPSE dividends reach 60% of FY26 target

GOVT FINANCES BOOSTER

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Fast adoption to define AI winners: Nadella

NADELLA SAID INDIA'S momentum was supported by a virtuous cycle created by public digital infrastructure, policy frameworks and a large domestic market.

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Financial Express Chandigarh

State refiners lead in Russia oil deals; RIL halts purchases

FOUR OUT OF seven largest refiners in India are now in the market for Russian crude as deep discounts push buyers to seek out non-sanctioned barrels, even as heavyweight Reliance Industries stays away.

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2 mins

December 11, 2025

Financial Express Chandigarh

US court reverses $1-bn order against Byju Raveendran

A US BANKRUPTCY court has reversed a $1 billion damages ruling against Byju Raveendran, according to a statement from the founders of Think and Learn - the parent firm of edtech platform Byju's.

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Financial Express Chandigarh

Meesho closes up 53% after listing at 46% premium

STOCK PERFORMANCE

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December 11, 2025

Financial Express Chandigarh

Are you helpless? Delhi HC asks Centre

THE DELHI HIGH Court on Wednesday questioned the central government for not taking timely action to check the crisis caused by IndiGo flight cancellations and asked why the situation was allowed to precipitate, with lakhs of passengers stranded and other airlines charging hefty fares.

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1 min

December 11, 2025

Financial Express Chandigarh

Amazon adds $35 bn to India cart

INVESTMENT TO ADVANCE AI-LED DIGITISATION, EXPORT GROWTH, JOB CREATION

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December 11, 2025

Financial Express Chandigarh

India's offer best: USTR

THE US IS facing barriers in many markets for its agriculture commodities.

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2 mins

December 11, 2025

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