Coronavirus Lockdown: Ola to lay off 1,400 staff; CEO says revenues decline by 95% in last two months due to pandemic
Cab aggregator Ola is laying off 1,400 staff from rides, financial services and food business as revenues declined by 95 percent in the last two months due to coronavirus pandemic, a note by CEO Bhavish Aggarwal said
Softbank said to be brokering merger deal between homegrown Ola, US headquartered Uber: Source
Taxi-hailing services Ola and Uber have once again revived talks to merge their businesses here, in a deal being brokered by Japanese investment firm Softbank that is an investor in both the companies.
Ola says there will be no surge pricing during the implementation of the odd-even scheme in Delhi
Favoring the introduction of the odd-even scheme, Ola said the current levels of air pollution in the national capital were "troublesome".
Ola launches Ola Partner World, a sprawling 20,000 square feet facility to address the needs of drivers
Chief Operating Officer of Ola, Vishal Kaul said, "At Ola, over 800,000 driver partners realize their entrepreneurial dream."
Uber rolls out in-app chat and multi destination rides for users in India
Using the in-app chat feature, riders can provide information like their exact location without incurring any call charges.
Driverless cars will not be allowed in India as it will lead to joblessness: Nitin Gadkari
"We are not going to promote any technology or policy that will render people jobless," Gadkari said.
Ola and Uber wait expectantly as India examines the use of private cars as shared taxis in major cities
Allowing the use of private cars as taxis would improve the supply of vehicles at a low cost, say analysts.
Uber says there are no changes in its plans to grow and invest in India
The company has also connected to its driver partner ecosystem to reiterate its commitment to the Indian market.
With Travis Kalanick out of the picture, Uber's ultimate test starts now
Many a times the founders may not be the best person to lead the company through all its stages.
Ola Cabs lost Rs 6 cr every day in 2015-16 due to heavy ad spend, staff cost
Ola's employee-related expenses rose over five-fold to Rs 461.60 crore; its advertising and promotional expenditure zoomed to Rs 437.89 crore from Rs 99.84 crore in 2014-15
Uber Central comes to India; provides on-demand, door-to-door transportation for businesses
Uber Central lets organisations provide on-demand, door-to-door transportation for their customers, clients or guests.
Uber launches selfie powered Real-Time ID check in India
The latest security feature using Microsoft Cognitive Services to instantly compare selfie to the one corresponding with the account on file.
Ola and Uber drivers go on strike in Delhi NCR demanding better pay and perks
Ola and Uber drivers in Delhi NCR have gone on strike demanding better pay and services.
OlaShare, UberPool ride-sharing services are illegal in Karnataka from 3 February; Uber open to talks
The Karnataka Transport minister had ordered Uber and Ola to stop ride-sharing services in the state by 3 February. Starting today, these services are now illegal.
UberPool, Ola Share ride-sharing services to be banned in Karnataka from Monday
Ride-sharing services from Ola and Uber are now facing a ban in Karnataka. The state’s transport commissioner insists that the service is illegal.
Surge in demand from cab-aggregators like Ola and Uber is propping up India's vehicle industry
At a time when demonetisation and the diesel vehicle ban in Delhi impacted the sales of cars, cab-aggregators pushed India’s car market into a new era of growth.
The aggregator model – rise, challenges, and scope of this approach in India
Typically, the goods and / or service providers are the real customers of such aggregator based businesses.
Uber CEO Travis Kalanick says India will be the last place to get autonomous cars
Uber CEO, Travis Kalanick's reasons for the same were fairly straightforward and to do with driving patterns that road users and drivers or riders follow.
Note ban: Ola ties up with leading banks, oil and gas cos to aid driver-partners
In Bengaluru, Ola has partnered with BPCL to facilitate the process of obtaining fuel e-vouchers across all BPCL petrol pumps in the city
Ola has decided to "integrate" with it's acquisition, TaxiForSure
Eighteen months after acquiring rival TaxiForSure, Ola is absorbing as many employees as possible and extending enhanced severance benefits to others.