Photo: Janam TV
Ola, GiveIndia To Provide Free Oxygen Concentrators To COVID Patients
Cab service provider Ola's social hand Ola Foundation, in association with online donation platform GiveIndia, will provide free oxygen concentrators to COVID-19 patients. The company on May 10 stated that the patients can book the concentrator from Ola's app and they will deliver it to patient's doorstep. Initially starting with 500 concentrators from Bangalore, the ‘O2ForIndia initiative’ will be extended to other cities with 10,000 more… read-more
Tags: Ola, Ola Foundation, Covid-19, GiveIndia, Oxygen Concentrators
Courtesy: LiveMint
Photo: The Siasat Daily
Ola Starts Construction Of World's Largest Two-Wheeler Factory In TN
Ola has sustainably begun constructing the world's largest two-wheeler production facility on its Tamil Nadu-based 500-acre site. Following a Rs 2400 crore-worth MoU with the state government in December, the company will operationalise its facility in the coming months. Powered by Ola's own proprietary AI Engine, the mega-factory supports an introductory capacity of 2 million units/year, besides serving as a global manufacturing centre for… read-more
Tags: Ola, Two-wheeler, e-scooters, world's largest two-wheeler factory
Courtesy: News 18
Photo: Tax Scan
Govt Names Byju Raveendran, Bhavish Aggarwal For Startup Council
Centre has appointed edu-tech platform Byju’s founder Byju Raveendran, Snapdeal co-founder Kunal Bahl and Ola’s Bhavish Agarwal and others as non-official members of National Startup Advisory Council. The NSAC will recommend steps to encourage innovation in various sectors among citizens across the country. Besides, it will assist in quick start, operation and exit for the startups. The NSAC's non-official panel will have stakeholders,… read-more
Tags: business, Startups, Indian Startups, Byju Raveendran, Ola
Courtesy: The News Minute
Photo: Free Press Journal
DGGI Initiates Probe Against Ola, Uber Over GST Evasion
For alleged GST evasion, a probe has been initiated against cab aggregators Uber India and Ola by the Director-General of Goods and Services Tax Intelligence(DGGI). Reportedly, the duo has not paid GST on the incentives paid to the drivers and charges imposed from the customers for cancellation of rides. Besides, Uber India and Ola need to pay a tax of about Rs 800 crore, and Rs 300 crore respectively. Moreover, DGGI has summoned companies'… read-more
Tags: Ola, Uber, Cabs, Cab Aggregators, GST
Courtesy: Business Insider
Photo: TechGenYZ
Ola To Set Up E-scooter Factory In Tamil Nadu, Invest Rs 2,400 Crore
Cab aggregator Ola's CEO Bhavish Aggarwal has announced to invest Rs 2,400 crore for establishing a manufacturing plant for its subsidiary, 'Ola Electric', in Tamil Nadu. The plant will have an initial annual capacity of two million units. Touted to be the biggest e-scooter factory in the state, the plant aims to create 10,000 jobs. "This will be one of the most advanced manufacturing facilities in the world," said Bhavish.
Tags: Ola, Bhavish Aggarwal, Tamil Nadu, Electric Vehicles
Courtesy: Business Insider
Photo: Zee News
Cab Fares Likely To Get Cheaper As Government Caps "Surge Price"
The government has capped the surge pricing of the cab aggregators at 1.5 times the base price. The move will bring down the fare charges of the cab aggregators such as Ola and Uber. It will also bar the aggregator to reduce prices 50% below the base fare to limit the fare volatility. This move aims to promote asset utilization and to ensure substantiate dynamic pricing principle.
Tags: Ola, Uber, Technology, India
Courtesy: Times Now
Photo: Deccan Herald
Joint Committee Of Parliament To Question Telcos and Cab Aggregators
Following the trail of the social media companies, the telecom operators and cab aggregators will also be questioned by the Joint Committee of Parliament on 'Data Protection Bill'. While Jio has been summoned on November 4, Airtel and Truecaller will appear on November 6. Reportedly, the panel will question Ola and Uber on November 5. The committee is looking into data collection issues and intends to protect individuals' information.
Tags: telecom operators, Airtel, Jio, Ola, Uber, parliament panel
Courtesy: India Today
Photo: ET Auto
London City Authorities Cancel Ola's Operating Licence
Citing that its app was not "fit and proper", authorities of London city have cancelled the operating licence of Ola. Transport for London (TfL) said that Ola did not adhere to the public safety regulations. Reportedly, TfL found Ola drivers without licence undertaking over 1000 passenger trips. However, it added that Ola can appeal against the decision in 21 days. The Bengaluru-based Ola began operations in London from February 2020.
Tags: Ola, Taxi, london, Automobiles
Courtesy: Economic Times
Photo: The Indian Express
Delhi: Ola, Uber Drivers on Strike; Demand Extension of Loan Moratorium
Almost two lakh Ola and Uber drivers began a strike on September 1 in Delhi-NCR demanding a fare hike and extension of the moratorium on loan repayment. Kamaljeet Singh Gill, president of Sarvodaya Drivers Association of Delhi said that drivers are scared that banks will tow away their vehicles for not paying EMIs as the moratorium ended on August 31. Gill mentioned that they had already requested the government once.
Tags: Ola, Uber, Indian government, Delhi-NCR
Courtesy: Hindustan Times
