Six senior executives of the Uber rival have resigned from in the UK, Australia and New Zealand
An Ola spokesperson said a part of these opportunities would be aimed towards development of the driver-partner ecosystem in Haryana.
This is possible because of a glitch in the Ola Cabs app
Ola had earlier shut down its food delivery venture Ola Cafe after it faced stiff competition from other food delivery companies such as Swiggy, Tinyowl, and Zomato
The incident took place on Sunday night when the 23 year old woman, who works as a fashion stylist took the cab to travel from Indiranagar to BTM layout
SoftBank is in talks with Tiger Global for its 20 percent stake for an estimated valuation of USD 650-700 million, sources said.
Jivrajka worked as the one-man call centre for the company which provided outstation rentals through phone and a basic website
The merchant bank - which focuses on technology, media and telecommunications - has hired former UBS banker Gaurav Mehta to head its India business as managing director, it said in a statement.
CNBC-TV18 will felicitate the leaders who have led the country’s glorious journey from the front, in the 12th edition of CNBC-TV18's India Business Leader Awards (IBLA) on March 23. The business leadership awards recognise leaders who create and sustain entrepreneurial initiatives, develop best practices and carve out powerful businesses in the global economy.
Indian start-ups are going on a warpath against their multi-national rivals. While taxi sharing platforms Ola and Meru have launched an attack on Uber asking the government to curb "capital dumping" from foreign players, e-wallet firm Mobikwik has launched a blistering attack on its rival Paytm which is funded by China's Alibaba.
With banks and ATMs not being able to cope with the rush for access to lower denomination or new currency after old Rs 500 and 1,000 notes were banned, cash dispensing through swipe of debit cards at POS machines was introduced at around 3,700 petrol pumps.
Amid a court battle between taxi-aggregators and the state government, Karnataka Industries Minister R V Deshpande today said companies like, Ola Cabs and Uber India Technologies, should follow rules of the country.
The Pune-based company, partly owned by entrepreneur Kapil Shelke and his father, and funded by two angel investors -- Ankit Bhati and Bhavesh Agrawal of Ola Cabs in their personal capacities -- has so far developed five prototypes of electric bike and the one it plans to commercialise is the fifth model called T6X.
After taxi aggregator Uber, auto-booking app Jugnoo has also alleged Ola of using "unethical practices to sabotage" its business.
As per the revised tariff, UberGO in Chennai would cost Rs 6 per km versus Rs 8 earlier, while UberX (Sedan) fares would be Rs 7 per km, compared to Rs 9 earlier. In Kolkata, uberGO fares have also been reduced to Rs 7 per km from Rs 9.
Rajiv Bansal, one of the most influential people in the technology space and the new CFO of Ola Cabs says, IPO is not as much the objective as being IPO-ready is.
According to industry body NASSCOM, there are more than 4,000 start-ups in India, with 28 the average age of founders.
Amidst the chaos in Tamil Nadu due to heavy rainfall, taxi car aggregator Ola Cabs has taken the initiative to help those in need and is sourcing boats from fishing harbor to rescue flood victims.
The government's move comes around a fortnight after it rejected the application for license by another cab service provider - Ola Cabs.
"We wanted to launch a card with special benefit meant for online purchases. In this card, whatever the spending be, we will offer a five times more reward than in case of normal cards," says Vijay Jasuja, CEO SBI Card
On June 3 this year, the Transport Department had rejected applications by US-based taxi booking firm Uber and two other such service providers -- Ola and TaxiForSure.
Competition Commission of India (CCI) Chairman Ashok Chawla said the probe is going on with respect to Bengaluru city. In April, the watchdog had ordered a detailed probe after it prima-facie found evidence of Ola violating the competition norms.
Last month, the government had directed both the taxi aggregators to submit details of their drivers and vehicles if they wanted to "regularise" their services in the city.
Top Delhi government officials said the applications of the three taxi aggregators were rejected for not filing undertakings stating they were complying with a ban imposed on them. The three operators had filed the applications under the modified Radio Taxi Scheme introduced five months ago.