Ola Cab

'No Ola, Uber in Goa', says CM Sawant as coastal MLAs seek policy pause

Goa CM Pramod Sawant rules out Ola and Uber's entry, assures locals that app cab guidelines are only drafts; coastal MLAs urge policy pause to protect local taxi operators' livelihood

Bhavish pulls a Musk, asks Ola staff for weekly 'Kya chal raha hai' reports

Ola CEO Bhavish Aggarwal mandates weekly reports from employees, mirroring Elon Musk's directive, as part of stricter workplace policies amid reported layoffs at Ola Electric

Ola Electric likely to lay off over 1,000 employees to reduce losses

The layoff news saw the SoftBank Group-backed firm's stock hit a 52-week low in intraday trading

E-commerce firms to adopt Safety Pledge to protect consumers on Dec 24

Major e-commerce platforms such as Zomato, Ajio and Ola will adopt a Safety Pledge on National Consumer Day on December 24 as part of steps to enhance product safety for online shoppers. The voluntary commitment, announced by the Department of Consumer Affairs, aims to detect and prevent the sale of unsafe and spurious products on digital marketplaces, an official statement said. A committee chaired by consumer activist Pushpa Girimaji developed the pledge after extensive stakeholder consultations in November 2023. With India projected to have 500 million online shoppers by 2030 and currently hosting 880 million internet users, the initiative addresses critical challenges in the rapidly expanding e-commerce landscape. The pledge requires platforms to cooperate with statutory authorities and raise product safety awareness among sellers. "The unique nature of e-commerce, where physical product examination is impossible, makes this safety initiative crucial," the department said. The

Ola Electric's Bhavish Aggarwal and his EVs need to be less combustible

An online spat between Aggarwal and Kunal Kamra, a popular Indian stand-up comic, has had India riveted

Ola CEO faces backlash after heated social media exchange with Kunal Kamra

The exchange between the two began when comedian Kunal Kamra posted a picture of Ola Electric scooters gathering dust outside a dealership, apparently awaiting service

MapMyIndia accuses Ola Electric of data theft for maps, sends legal notice

MapMyIndia's legal notice alleges Ola's activities breach the 2021 agreement's terms, which specifically forbid co-mingling and reverse engineering as per Intellectual Property regulations

Ola Electric set for IPO with Rs 12-13 GMP, price band at Rs 72-76 a share

The grey market premium (GMP) for Ola Electric's shares is estimated at Rs 12-13, suggesting a potential premium of 16% over the issue price

Ola Electric's China import costs surge 37% in FY24 amid rising expenses

IPO-bound Ola Electric's overall material costs in FY24 reached around Rs 4,390 crore, marking a 75% increase from FY23

Ola Electric sets price band of Rs 72-76 per share in one of biggest IPO

Ola Electric's roughly $740 million IPO will be the first by an Indian electric vehicle maker

Viral video: Ola delivery partner caught red-handed eating consumer's food

A Noida-based entrepreneur shared that an Ola food delivery partner demanded an extra Rs 10 to deliver the order and then kept him waiting for almost 45 minutes

Ola Cabs exits Google Maps, saves Rs 100 cr by transitioning to Ola Maps

Ola Cabs' shift from Google Maps to their in-house Ola Maps has led to significant annual savings of around Rs 100 crore

Bhavish Aggarwal's Krutrim unveils Android app, iOS app coming soon

Krutrim has opened up its cloud platform for enterprises, researchers, and developers, enabling development of new-age technology products at a fraction of current costs

Ola Cabs CEO Hemant Bakshi resigns; company to lay off 10% employees

Hemant Bakshi's exit coincides with company's impending restructuring efforts, poised to impact at least 10 per cent of the workforce

A new ride: Ola Cabs weighs $500 million IPO, in talks with i-banks

The company is in talks with investment banks, including Goldman Sachs, Bank of America, Citi and India's Kotak and Axis, and plans to appoint IPO advisers within a month, said two of the sources

Krutrim AI models improving almost every week, says company executive

The startup aims to address the inherent hallucination issue in AI models by leveraging user feedback from its beta program

Ola plans to launch e-rickshaw by the end of this month and ahead of IPO

Ola is planning to enter the e-rickshaw segment with its new product Raahi which is expected to be released this month. Raahi will compete with Mahindra Treo, Piaggio Ape e-city and Bajaj RE

Ola FY23 results: Net loss narrows to Rs 772 cr, revenue from ops rises 48%

ANI Technologies, which operates under the Ola brand, on Thursday said its consolidated net loss narrowed to Rs 772.25 crore in the fiscal 2023, according to a regulatory filing. The company posted a consolidated loss of Rs 1,522.33 crore in the financial year (FY) 2022. The consolidated revenue from operations increased by about 48 per cent to Rs 2,481.35 crore in FY23 from Rs 1,679.54 crore in FY22. On a standalone basis, ANI Technologies, which comprises a ride-hailing business, reported a narrowing of loss to Rs 1,082.56 crore in FY23 compared to a loss of Rs 3,082.42 crore in FY22. The revenue from operations of ANI Technologies on a standalone basis increased by about 58 per cent to Rs 2,134.94 crore in FY23 from Rs 1,350.03 crore in FY22. Ola Mobility business in India posted an operational profit of Rs 250 crore in FY23 from EBIDTA ( earnings before interest, taxes, depreciation, and amortisation) loss of Rs 66 crore. At the group level, Ola reported a narrowing of operat

Ola launches 'Prime Plus' cabs for cancellation-free rides; details here

Ola will not hire new drivers or vehicles for the new service and would instead rely on its existing fleet, sources said

US investor Vanguard marks down Ola's valuation by 35% to $4.8 billion

Vanguard reportedly has about 0.7 per cent stake in the ride-hailing firm