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Ola’s Valuation Cut To Half Prior To Its EV-Market Pivot!

The valuation of Ola, the app-based ride-hailing startup unicorn, has been brutally slashed into half prior to its pivot into EV mobility market space! A recent media report found that the U.S-based investment firm Vanguard Group, one of the first...

Devised to Disrupt: Ola’s $2 Billion Game Plan to Take the EV Market in India By Storm

It has already made a name for itself in the ride-hailing sphere in India. Ola’s next aim – to power charge the country towards an electric mobile future. And boy, does it have the stratagem to back that claim! Tucked away...

Uber and Ola In Hot Water: India Authorities Launch Fresh Probe!

The Directorate General of Goods and Services Tax Intelligence (DGGI) sent a summons to Uber and Ola officials on Monday regarding tax evasion allegations against the two companies, Business Standard has reported. The investigation will look into alleged tax evasions...

Uber, Ola Surge Pricing: SC Says All Is Well

While the Indian Government is busy introducing rules to further tighten the noose around cab aggregators. Uber and Ola, in a recent court victory, had a momentary sigh of relief. On Tuesday, Supreme Court, the country’s topmost judiciary body, ruled...

End Of Free Ride For Ola And Uber: GOI Sets New Rules For Cab Aggregators!

For long Ola and Uber have been enjoying the free ride on charging surge price from customers and paying low commission to drivers. Looks like that has finally come to an end! The Indian Government’s new rules for cab aggregators...

Ola To Foray Into Vehicle Manufacturing: Plans To Setup World’s Largest e-Scooter Manufacturing Facility

India's largest taxi-aggregator Ola is planning to jump into the business of vehicle manufacturing, keeping an eye on the future prospects of electric vehicles. The company has reportedly engaged the government of multiple states with a proposal of setting...

No More Shared Rides By Ola And Uber: Suspended Until The Further Notice

India, as a whole, is being encouraged to take up social distancing in the wake of the Covid-19 outbreak to slow down its spread. The biggest ride-hailing giants operating in India Ola and Uber are now pitching in to...

Ahead of IPO Launch, Ola Restructuring Business, Narrows Losses

As the much talked and anticipated IPO of Ola seems to be on the cards, the domestic unicorn OLA is reportedly taking measures to restructure its business model. The aim of this reorganization is to increase profits in order to...

Uber And Ola To Receive A New Mandate in India: Go Electric!

India aims to enable taxi aggregators, such as Uber and Ola to turn 40% of their vehicle inventory into electric cars by April 2026, according to a study and government conference papers addressing new safety travel laws. On the...

Global Ride Hailing Market Subjected To A Schemed Upheaval

Be it passenger comfort or ease of booking, the global ride-hailing market is certainly not just any chance occurrence. The sure sign of the upsurge in demand for the ride-hailing services on a global level is due to the convenience...

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The Dogecoin Fever In India Has Turned Into The Worst Nightmare For WazirX

The doge frenzy has finally arrived in the Indian cryptocurrency space! Named after a popular meme (based on the Japanese...