Taking to his X handle, stand-up comedian Kunal Kamra has finally accepted Ola founder Bhavish Aggarwal's 'job offer' but with a twist. In his post, he mentioned several conditions before Bhavish before joining his company. Check them out here.
The CCPA, led by Chief Commissioner Nidhi Khare, observed that Ola's no-questions-asked refund policy only provided coupon codes for future rides, without giving consumers a choice for bank account refunds.
After he stepped back from the Tata Group, Ratan Tata became known as a prominent investor in Indian startups, backing a plethora of companies including digital payments firm Paytm, and Ola Electric, a unit of ride-hailing firm Ola.
At first, it was said that the showroom caught fire because of a short circuit. However, it was later found that the fire was set deliberately by Muhammad Nadeem, who was disappointed with the showroom services.
Ola Electric's stock has dropped again, for the 6th consecutive session and reported a loss of over 30 per cent from its recent all-time high of Rs 157.40 per share.
A recent report highlighted that TVS and Bajaj have expanded their electric vehicle portfolios with more affordable options, allowing them to capture an additional 4-7% of the market. As a result, TVS now holds a 19% market share, while Bajaj has 18% in the April-June quarter.
A video of a person protesting against Ola Electric scooter by singing the song 'Tadap-Tadap' in front of OLA company's showroom is going viral on social media.
Ola Electric Mobility saw a robust debut on the Mumbai stock market, with shares jumping 20 per cent, showcasing strong investor confidence in India's burgeoning electric vehicle (EV) sector. Now valued at USD 4.8 billion, the company is well-positioned to leverage the growing shift towards EVs.
Ola discontinued its use of Google Maps for cab operations, opting instead to integrate its in-house Ola Maps. This strategic shift is anticipated to save the company nearly Rs 100 crore annually.
Bhavish Aggarwal, co-founder and Chairman of the Ola group announced the launch of Ola Maps for their cab operations. He also said that the company will add more features to maps in the coming days.
The electric vehicles (EVs) penetration in the Indian two-wheeler (2W) sector has increased over the past two months, despite incentives being nearly halved in April.
Ola Electric has obtained approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). This milestone marks the first-ever IPO by an electric vehicle (EV) startup in India.
LinkedIn recently removed Bhavish post on “pronoun illness”. After the incident, he took to X (formerly Twitter) to raise his concerns about the AI tool's actions.
Ola Krutrim has unveiled its cloud platform for use by enterprises, researchers, and developers, marking it as a significant move in expanding its services. The announcement was made with the launch of a mobile app to complement the platform.
Hemant Bakshi, who was appointed as the CEO of Ola Cabs, resigned after four months of service in the company. The news has further triggered a workforce restructuring which will be affecting 10 per cent of employees. Bakshi's departure comes amidst challenges for the ride-hailing platform.
By expanding its services to emerging tourist destinations and focusing on profitability, Ola reaffirms its position as a leading player in the mobility industry, poised for continued growth and innovation.
In fiscal 2024, the Bengaluru-based company managed to sell 326,443 e-scooters, surpassing its target of 300,000 units. However, it's worth noting that the company had initially reduced its estimate by two-thirds.
Ola's move to withdraw its operations from international markets highlights its strategic decision to focus on India's burgeoning opportunities. Ola has recognised India as a pivotal market for its expansion.
Ola Electric reported a remarkable 115% year-on-year growth in FY24, with 328,785 units registered compared to 152,741 units in FY23. Additionally, the company experienced a 42% quarter-on-quarter growth in Q4 FY24, registering 119,310 units compared to 84,133 units in the previous quarter.
Financial Changes Effective April 1, FY 2024-25As the financial year 2023-24 draws to a close, significant financial amendments are poised to reshape personal finance from April 1, marking the beginning of the new fiscal year.
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