Ola Electric Founder Topped Up Collateral as Shares Tumbled
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Bhavish Aggarwal, founder and chief executive officer of Ola Electric Mobility Ltd., paid about 200 million rupees ($2.3 million) in cash to top up collateral for borrowings against shares, according to people with knowledge of the matter, as the stock slid on poor sales.
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The market is still developing with a strong emphasis on innovation and sustainability as the region's digital infrastructure grows, helping APAC make the shift to more environmentally friendly data centre operations. Leading the way in this change are nations like China, India, Japan, Singapore, and South Korea, driven by investments in hyperscale data centres, government sustainability regulations, and rising demand for cloud computing. Dielectric fluids are becoming more and more appealing due to technological advancements in fluid formulations, such as synthetic esters and eco-friendly substitutes. Strategic alliances between fluid suppliers, equipment makers, and data centre operators are also influencing the sector. Nevertheless, there are still issues, such as large upfront investment costs, a lack of uniformity, and regional variations in regulations. 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