Page 5 - Ola

Ola Electric Q1 results: Net loss widens to Rs 347 cr, hurt by price cuts

The company, which made its trading debut last week, said its loss widened to Rs 347 crore ($41.4 million) in the April-June quarter from Rs 267 crore

MapmyIndia CEO calls Ola Maps a gimmick, warns people to be cautious

Homegrown digital navigation firm MapmyIndia has questioned claims of Ola-parent ANI Technologies on developing a navigational map of India and called the announcement a "gimmick". In the first interview with PTI after sending a legal notice to Ola Electric, MapmyIndia CEO and Executive Director Rohan Verma questioned Ola's claim that the map has been supplied by a startup Geospoc Pvt Ltd, which was acquired and became a subsidiary of ANI Technologies, based on its financial records as developing a digital navigational map of large country like India requires huge investments and expertise. Verma denied any risk to the company's business due to Ola Maps as its quality is not good. "We don't see a business risk, because we don't see a good product coming from there. People are complaining left, right and centre, about their (Ola) updated cab app, their updated electric vehicle app, that their maps are pathetic and causing users problems. Everybody knows that these are more ...

Ola IPO waits to cross the line ; FirstCry's anchor book sets off

75% of Ola's maiden issue is reserved for qualified institutional buyer

Ola Electric IPO: E2W maker raises Rs 2,763 cr from anchor investors

Investors include SBI MF, Templeton, Amundi, Goldman Sachs

Map war intensifies; Google announces new features to woo users in India

Google recently announced price cut on its Maps platform for developer, applicable from August 1, just weeks after Ola's Bhavish Aggarwal openly nudged Indian developers to shun Google Maps

Krutrim takes on Google, unveils new pricing & future roadmap for Ola Maps

For larger volumes, despite recent price adjustments by Google, Krutrim said it is offering prices which are 50 per cent of Google Maps' reduced rates, ensuring value for the users

Ola, Uber among 21 cos registered under Delhi's vehicle aggregator scheme

Over one lakh vehicles of 21 different cab aggregators, delivery service providers and e-commerce companies are now onboard the Delhi government's 'Motor Vehicle Aggregator and Delivery Service Provider Scheme', the city's transport department said on Saturday. Under the scheme, cab aggregators, delivery service providers and e-commerce entities with more than 25 vehicles in their fleet have to register to obtain a licence and it also sets a timeline for the electrification of their fleets. The non-compliant cab aggregators will face action as per the provisions of the scheme, it said. The scheme stipulates penalties ranging from Rs 5,000 up to Rs 100,000 per instance. The onboarded entities include Smartshift Logistics, ANI Technologies, the parent company of Ola, Uber India, Zomato Ltd., Blink Commerce, Swigfy Ltd, MoEVing Urban Technologies., and Roppen Transportation Services among others, it said. The fleet of vehicles of these companies includes electric, petrol and CNG dri

Affordable models take Bajaj, TVS closer to Ola Electric in e2W market

In July, their combined share surges past Ola's

Ola CEO endorses 70-hour work week, top neurologist warns of severe illness

Working for 55 or more hours per week is associated with a 35% higher risk of a stroke, 17% higher risk of dying from ischemic heart disease

Mobility players drive 18% of total car sales in FY24, says Deloitte

Mobility sector's growth path set to accelerate to 25% by FY30: Deloitte

Ola's Bhavish Aggarwal urges developers to shift from Google Maps

Ola is offering developers a year of free access to Ola Maps on the company's Krutrim Cloud and over Rs 100 crore in free credits

Ola Electric planning to layoff 400-500 employees to streamline operations

Ola Electric's IPO application is currently under review by the Securities and Exchange Board of India (Sebi)

Ola moves tech workloads out of Microsoft's Azure, says Bhavish Aggarwal

Although Krutrim managed to get 2,500 developers, there was no clarity if any companies have joined the platform or have shown interest in joining the platform

Ola Cabs CFO Kartik Gupta quits seven months after taking charge

Before joining Ola, Gupta worked as the Vice President and Regional CFO of Asia Pacific, Middle East and Africa at Procter and Gamble for over 17 years

Ola founder's latest bet on 'cloud' and free offer shakes tech industry

The cloud service is available to developers who are presently using Microsoft's Azure, with the condition that they won't return to Azure again

Ola CEO Aggarwal shuns Microsoft, says India needs its own tech platforms

Rebuking Microsoft and its subsidiary LinkedIn, Ola CEO Bhavish Aggarwal in a post said India needs to establish its own tech platforms to shun the chances of being "culturally subsumed" and "governed" by western big tech monopolies. Boycotting Microsoft, Aggarwal said Ola -- an existing customer of Microsoft Azure -- will no longer avail of its services, and will shift its entire workload to its homegrown Krutrim cloud in a week. The backlash comes after LinkedIn removed the CEO's post that called out LinkedIn's AI for "imposing a political ideology on Indian users". He had shared a screenshot from a generative AI response that used "they/their" pronouns to describe Aggarwal. Berating the "pronoun illness", he had said he hopes the practise doesn't reach India. "...the pronouns issue I wrote about is a woke political ideology of entitlement which doesn't belong in India. I wouldn't have waded into this debate but clearly LinkedIn has presumed Indians need to have pronouns in our

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

Ola Cabs is reportedly planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion

Telangana cab union announces 'No AC campaign' amid soaring temperatures

Union says working with Uber, Ola, Rapido are getting diminishing returns for each trip they make

Layoffs by Indian tech startups dip 60% in Jan-March this year, says report

Tech startups let go of more than 2,000 workers in the first quarter as funding capital reduced

Setting the pace: Ola Electric sees momentum continuing after record March

Ola's CMO, Anshul Khandelwal, also pointed out that there have been fundamental changes in the buying patterns of customers - for instance, more women are now buying electric vehicles than earlier