Analysts expect revenues of Indian IT majors like Tata Consultancy Services and Infosys getting adversely impacted due to the ongoing crisis among US regional banks. This and more in today’s ETtech Morning Dispatch.
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Ola Electric kicks off $250-300 million fundraise plan
The company is expecting an up round that may see it valued at $6.5-7 billion, based on the expectation of turning ebitda positive from FY24. That will make it the most valuable electric two-wheeler company in the country, even exceeding legacy peers such as Hero Motocorp and TVS Motor.
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WazirX blocked 2,431 accounts in past six months
FAME II subsidies for two EV makers stopped until they submit proof of localisation
“After examination of reports in respect of two OEMs, the models of these two OEMs have been suspended from the FAME (Faster Adoption and Manufacturing of Electric and Hybrid Vehicles) scheme,” minister of state for heavy industries Krishan Pal Gurjar said in a written response to a question raised in the Lok Sabha.
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Google suspends Chinese ecommerce app Pinduoduo after finding malware in versions
Content moderators sue Meta over alleged 'union-busting' in Kenya
Google denies destroying 'chat' evidence in US antitrust lawsuit
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