Ola

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Around 200,000 jobs slashed; how a shadow banking crisis sent India's auto sector into a tailspin
Business

Around 200,000 jobs slashed; how a shadow banking crisis sent India's auto sector into a tailspin

The slump in the country, along with a simultaneous slide in Chinese auto sales, is a blow for automakers wrestling with higher costs driven by more stringent emission norms and a push to develop electric cars.

SC asks Centre to consider bringing new law to regulate app-based taxi services like Ola, Uber for safety of women passengers
India

SC asks Centre to consider bringing new law to regulate app-based taxi services like Ola, Uber for safety of women passengers

The Supreme Court on Wednesday asked the Central government to consider bringing a law to regulate app-based taxi service like Ola and Uber for the safety and security of the woman passengers

Nearly two weeks after investing in NCDs, Sachin Bansal invests Rs 50 cr debt in consumer lending startup Kissht
Business

Nearly two weeks after investing in NCDs, Sachin Bansal invests Rs 50 cr debt in consumer lending startup Kissht

Bansal's debt investment in Kissht, operated by Onemi Technology Solutions, is reportedly convertible to equity if any repayment issues arise, which is unlikely to happen.

Sachin Bansal invests Rs 200 cr in NCDs of Piramal Enterprises; company to use fund for financial services business
Business

Sachin Bansal invests Rs 200 cr in NCDs of Piramal Enterprises; company to use fund for financial services business

In May this year, Bansal had announced an investment of $32 million in electric vehicle manufacturer Ather Energy, which had raised $51 million in its latest round of funding.

Ola gets licence from London transport authority for cab service
Business

Ola gets licence from London transport authority for cab service

Ride-hailing firm Ola Thursday said that it has received private hiring vehicle operator licence by transport authority in London

Ola Electric Mobility secures over Rs 1,725-cr funding from SoftBank; joins list of unicorns in India
Business

Ola Electric Mobility secures over Rs 1,725-cr funding from SoftBank; joins list of unicorns in India

Ola Electric is currently running several pilots involving charging solutions, battery swapping stations, and deploying vehicles across two, three and four-wheeler segments.

Govt plans to order taxi aggregators like Uber, Ola to convert 40% fleet of cars to electric by April 2026
Business

Govt plans to order taxi aggregators like Uber, Ola to convert 40% fleet of cars to electric by April 2026

India plans to order taxi aggregators like Uber and Ola to convert 40 percent of their fleet of cars to electric by April 2026, according to a source and records of government meetings to discuss new rules for clean mobility

Ola and Uber could be asked to go electric by 2026, reveals leaked govt. documents
News & Analysis

Ola and Uber could be asked to go electric by 2026, reveals leaked govt. documents

Uber, Ola would need to start converting their fleet by next year to achieve 2.5% electrification by 2021.

Ola restructures  Foodpanda, to focus on in-house food brands, expand kitchens, offline stores
Business

Ola restructures Foodpanda, to focus on in-house food brands, expand kitchens, offline stores

Ola is restructuring its food delivery platform Foodpanda to focus on building a portfolio of its own as well as curated food brands through a network of kitchens and offline stores

Ola's parent ANI Technologies suspends Foodpanda's delivery business, terminates contracts of several delivery executives
Business

Ola's parent ANI Technologies suspends Foodpanda's delivery business, terminates contracts of several delivery executives

In the last two weeks, Ola has dissolved the ground team completely. The company, however, has retained the core operations team consisting of senior employees

As Uber gears up for IPO on Friday, many Indian drivers talk of shattered dreams after steep cut in incentives
Business

As Uber gears up for IPO on Friday, many Indian drivers talk of shattered dreams after steep cut in incentives

Uber started its India operations in 2013, three years after local rival Ola launched a ride-hailing service. Both are backed by Japan’s Softbank Group Corp.

Ratan Tata invests in Ola Electric Mobility, says e-vehicle ecosystem evolving dramatically every day
Business

Ratan Tata invests in Ola Electric Mobility, says e-vehicle ecosystem evolving dramatically every day

Tata is also an early investor in ANI Technologies, Ola's parent company. He had invested in ANI Technologies in July 2015.

We can’t miss the bus for metros and bikes
India

We can’t miss the bus for metros and bikes

India urgently needs a mega bus initiative that provides affordable and easy service

Ola in talks with luxury carmakers Audi, Mercedes and BMW for subscription-based self-drive services
Business

Ola in talks with luxury carmakers Audi, Mercedes and BMW for subscription-based self-drive services

Ola has been running a small-scale pilot of the self-drive service in Bengaluru currently, and is expected to launch the offering in the next few weeks through Ola Fleet Technologies

Sachin Bansal plans to acquire majority stake in Bengaluru-based microfinance firm, may take role of CEO
Business

Sachin Bansal plans to acquire majority stake in Bengaluru-based microfinance firm, may take role of CEO

Sachin Bansal is planning to pick up as much as 75 percent stake in Bengaluru-based Chaitanya Rural Intermediation Development Services

Honda, Hino to join SoftBank-Toyota partnership's self-driving car service project; to take 10% stake in venture
Business

Honda, Hino to join SoftBank-Toyota partnership's self-driving car service project; to take 10% stake in venture

The new investment from Hino and Honda would leave SoftBank with a 40.2 percent stake in Monet, down from just over 50 percent when the venture was formed. Toyota will hold a 39.8 percent stake.

Ola ban in Karnataka revoked, fined for running motorcycle taxis without permission
News & Analysis

Ola ban in Karnataka revoked, fined for running motorcycle taxis without permission

Ola's permit, valid through 2021, allows it to run three and four-wheeler taxis in Karnataka.

Karnataka open for talks with Ola to avoid ban and allowing Uber an advantage
News & Analysis

Karnataka open for talks with Ola to avoid ban and allowing Uber an advantage

Karnataka issued a notice to suspend Ola's license for six months for violating government rules.

Ola banned for six months in Karnataka for violating government rules
auto

Ola banned for six months in Karnataka for violating government rules

Ola banned for running motorcycle taxis in Karnataka, misusing the license granted by the authorities.