What happened at Ola Electric?

Police have launched an investigation into the suicide of a 38-year-old engineer, K Aravind, who worked with Ola Electric. Aravind had alleged harassment by his superiors at the electric vehicle company.

How did the Indian markets perform?

Indian markets closed marginally higher after a strong start in the Muhurat trading session, with investors now focused on upcoming earnings, global interest rates, and crude oil prices.

Home / Business and Economy / Jain Resource Recycling Enters Joint Venture, Ola Electric Faces Suicide Probe

Jain Resource Recycling Enters Joint Venture, Ola Electric Faces Suicide Probe

23 Oct

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Summary

Indian markets close marginally higher despite strong start
Jain Resource Recycling forms JV to expand recycling operations
Ola Electric under investigation after engineer's suicide allegation

Jain Resource Recycling Enters Joint Venture, Ola Electric Faces Suicide Probe

On October 24th, 2025, Indian markets closed marginally higher after a strong start in the Muhurat trading session. Investors are now closely watching upcoming earnings announcements, global interest rate trends, and crude oil price movements.

In other news, Jain Resource Recycling has entered into a joint venture agreement with C&Y Group Investments to establish and operate a recycling and manufacturing facility in Ahmedabad. The JV will focus on recycling various scrap materials, including cables, motors, and transformers. Additionally, the company has announced its second-quarter results.

Separately, police have launched an investigation into the suicide of a 38-year-old engineer who worked with Ola Electric. The engineer, K Aravind, had been working as a homologation engineer with the electric vehicle company since 2022 and allegedly attempted suicide at his apartment on September 28th, citing harassment by his superiors.

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