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
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
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.
