Page 17 - Ola

Ola hires top auditor to probe recruitment fraud by HR head Yugantar Saikia

Laptop and email seized, Saikia kept off company's rolls; fraud size said to be 'few million dollars'

Ola plans to go Down Under, eyes Australia and New Zealand for expansion

The two new markets are overwhelmingly dominated by Uber, which has been able to edge out local start-ups

Ola acquires Food Panda in India, to invest $200mn into food delivery biz

This deal includes the transfer of Foodpanda's India business to Ola in an acquisition deal in exchange for Ola stock.

Ola projected to turn profitable by FY19, rake in $1 bn by 2021

The projections, part of the firm's valuation report dated March 18, 2017, stated that the firm would achieve a net operating profit after tax of Rs 1,170.49 crore in 2018-19

Ola to raise $2 billion in fresh funding from Tencent, SoftBank

The deal on the first $1 billion is expected to be closed soon and will not see participation from Ola's largest investor, SoftBank

Ola said to raise $2 bn from SoftBank, Tencent

The funding will help Ola to continue its focus on India and build both its supply of vehicles and drivers

Ola aligns with millennials, adopts their causes to market services

Company's focus on climate change and attempts to link it to the 'Ola Share' service is not new

eKart exec Harish Abhichandani replaces Rajiv Bansal as Ola CFO

Abhichandani had served a year and a half stint as the CFO of Flipkart's logistics unit eKart

Ola raises Rs 231 crore from Tekne Private Ventures

The deal involves allotment of 171,173 fully and compulsorily convertible preference shares

Ola Cabs hits legal hurdle for playing 'pirated' music

> The Bengaluru Police has registered a complaint of copyright infringement against ride hailing service Ola and its founders Bhavish Aggarwal and Ankit Bhati for streaming pirated film music through its Ola Play platform. The complaint which was filed by Bengaluru-based Lahari Recording Company on May 20 accuses ANI Technologies Pvt. Ltd., the parent company of ride hailing service, of downloading and streaming songs from popular Telugu and Kannada movies for which it owns the rights. Police raided the Ola office, seized equipment that downloaded and stored songs locally and streamed it on its Ola play platform, it said in a statement on Friday. Tulasiram Naidu, director at Lahari Recording Co, discovered last month that Ola was playing audio music of popular Telugu movies such as Bahubali, Chiranjeevi's Khaidi 150 and Kannada movie Sundaranga Jana, when he took Ola Prime from airport to his home in Bengaluru. Naidu, who is known as Lahari Velu in film circles, checked with ..

Ola raises Rs 670 cr from Ratan Tata-backed fund, other investors

Bengaluru-based firm ahd earlier raised about $250 million from SoftBank in Nov last year

Ola lost Rs 6 crore a day during 2015-16. Here's why

Ola posted a consolidated loss of over Rs 2,311 crore in 2015-16

Ola eyes $100 mn in fresh funding to fuel expansion as battle with Uber on

Ola recently raised funds to the tune of Rs 1,675 crore from its Japanese investor, SoftBank

Ola raises Rs 1,675 crore from SoftBank in fresh funding

Last year was tough with SoftBank writing down its investment in Ola, reports Tech in Asia

Softbank-backed Ola ramps up electric vehicles push in India

Company will also invest in setting up charging stations in the pilot cities

Ola, Uber drivers now knock TN govt's door for tariff hike

Both Ola and Uber didn't respond on queries related to ongoing protest

Ola signs MoU with Madhya Pradesh govt to create 25,000 entrepreneurs

Cab aggregator Ola today said it has signed MoU with Government of Madhya Pradesh to create 25,000 entrepreneurs in the state. The MOU is focused towards training, skill development and empowerment of 25,000 driver partners in the next two years, Ola said in a releae. It said the MoU has been signed with Madhya Pradesh State Skill Development Mission (MPSSDM) and Directorate of Skill Development (Technical Education & Skill Development Dept). The company has set goal of nurturing micro entrepreneurship and skilling 50 lakh drivers by 2020. Ola said as part of this initiative, it will work closely with the State's Skill Development Department in providing essential training infrastructure, utilities and technology framework that will ensure an improved employment scenario for the youth of Madhya Pradesh. Along with skilling and training thousands of men and women, Ola said it will also organise on-ground events, build communication modules and create a ...

Ola joins hands with Gorb to offer food to customers at discounted rates

The will provide a discount of Rs 100 on a minimum order value of Rs 200

Ola raises $330 mn at $3.5-bn valuation

Valuation 30% lower, as SoftBank marked down its investment in the cab aggregator

Ola, Uber drivers call off strike as companies promise to fulfil demands

Development comes as Delhi govt called a meeting between drivers and representatives of Uber and Ola