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Ola Electric’s operating revenue, loss, widen in FY22, parent ’Ola’ reports widening net loss

Ola Electric, headed by Bhavish Aggarwal, has experienced a substantial surge in its consolidated revenue from operations during the fiscal year 2021-22. The company’s annual revenue witnessed an exponential growth of nearly 400 times, reaching ₹373 crore for the fiscal period, compared to the previous year’s ₹0.86 crore as per its annual financial statements. This … [Read more…]

U.S. FCC votes 3-2 to advance reinstatement of net neutrality rules rolled back during Trump tenure

In a significant and hotly debated decision, the U.S. Federal Communications Commission (FCC) has voted 3-2 to advance a proposal that aims to reinstate net neutrality rules and expand its regulatory authority over broadband internet services. This landmark move marks a shift in policy, as the FCC seeks to reestablish open internet rules that were … [Read more…]