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A more than 50% drop in revenue and twofold increase in net loss, combined with a Rs 1,700 crore debt raise, signal deepening troubles for the EV company.

While its peers headed for the exit, the fund house doubled down on the falling stock. The contrarian call now looks expensive—and risky.
The company’s two-wheeler sales are evaporating. But its founder is reframing it as a necessary step to achieve profitability. All while trying to pivot towards becoming a company that sells lithium-ion cells instead of automobiles.
Who’s going to lead the IPO party, what’s going to drive the market, where are some of the leading businesses headed, and more.