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Ola Electric names Deepak Rastogi CFO as Harish Abichandani bows out
MUMBAI: Ola Electric has appointed Deepak Rastogi as chief financial officer, ushering in a new finance chief as Harish Abichandani exits the electric two-wheeler maker.
The appointment, approved by the board and disclosed in an exchange filing on January 19, takes effect from January 20, 2026. Rastogi will also serve as key managerial personnel and join the company’s senior management team. Abichandani stepped down citing personal reasons, with his resignation effective January 19.
Rastogi joins Ola Electric from real estate developer Puravankara Limited, where he was group CFO. He brings more than two decades of experience across manufacturing, chemicals, auto components and infrastructure, with deep exposure to large, complex balance sheets.
His career began at Raymond Synthetics as assistant manager, accounts, followed by roles at Castrol and DuPont. He later moved to Alcatel-Lucent as head of finance before joining The Timken Company, where he rose from CFO for India to CFO for Asia, overseeing finance, planning, fund-raising, taxation, risk management, compliance and M&A, while driving EBIT improvement and shareholder value.
Rastogi subsequently served as president and group CFO at Tata Autocomp Systems and later at Deepak Fertilisers and Petrochemicals, cementing his reputation as a turnaround-focused finance leader.
The appointment comes at a critical juncture for Ola Electric as it sharpens its focus on scale, margins and governance. With a heavyweight CFO in the saddle and a clean handover at the top, the EV maker is signalling that the next phase will be less about speed and more about financial discipline.
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Oracle layoffs affect up to 30,000 employees globally
Job cuts span US, India and more, staff cite abrupt emails, uncertainty.
MUMBAI: April began with an inbox shock and for thousands, it ended with an exit. Oracle has carried out a sweeping round of layoffs, impacting an estimated 20,000 to 30,000 employees across its global operations, even as the company continues to report strong business performance. The job cuts were communicated via emails sent early on April 1, affecting staff across multiple regions including the United States, India, Canada and parts of Latin America. The reduction spans a wide range of roles and functions, though the company has not disclosed specific criteria behind the decisions.
In the days following the layoffs, employees have taken to platforms such as LinkedIn to share their experiences, many describing the process as abrupt and unsettling. Several posts pointed to a lack of prior indication, with notifications arriving suddenly in early-morning messages.
A recurring concern has been the impact on long-tenured staff. Users reported that employees with decades of experience were among those let go, raising broader questions about job security even for seasoned professionals within large technology firms.
The layoffs have also sparked anxiety about the wider direction of the sector. As companies continue to invest heavily in automation and artificial intelligence, workforce recalibration is becoming more common often accompanied by uncertainty around future roles and skills.
For many affected employees, the immediate challenge lies in navigating career transitions in an increasingly competitive job market, with posts reflecting concerns about stability and next steps.
The development comes against a backdrop of strong financial performance at Oracle, which recently reported a 22 percent year-on-year increase in revenue, alongside continued growth in its cloud infrastructure business. The company has also been committing significant capital towards artificial intelligence and data centre expansion.
The contrast between growth and job cuts has added to the unease, underscoring a broader shift in how large technology firms balance expansion with efficiency sometimes at the cost of the very workforce that helped build that growth.
