The former CEO of eBay Australia, Simon Smith appointed as a Managing Director of taxi aggregator OLA in Australia. Simon held various roles previously including Chief Executive Officer of eBay Australia, Non-Executive Director of Sportsbet, VP of Virtual Offices at Servcorp and a consultant at McKinsey and Company. “Simon is a very entrepreneurial and strategic leader […]
Grocery Startup Big Basket has been dragged to court over trademark violations claimed by Mumbai-based tea maker Girnar Food and Beverages Pvt Ltd. Girnar food has approached the court against two registered operating agencies – SuperMarket Grocery Supplies Pvt. Ltd, the B2B business entity that sources products and sells it to Innovative Retail, which runs […]
Japanese holding company, Softbank Group Corporation is determined to invest funds amounting to $60 billion to $100 billion in a solar power project in India. According to the reports, the funds being invested in the project are supposedly raised by the Softbank from the Saudi Arabia’s government. Saudi Arabia is the biggest investor in the […]
Nowadays, the Indian market is becoming inclined towards fruit juices as compared to fizzy drinks. The most recognizable beverage brand Coca-Cola, amid competitive environment is bringing in its acquired juice brand called Rani Float to India which is a fruit-based beverage manufacturer. “Rani Float has real fruit pieces along with higher juice content, reduced sugar, […]
The government of Qatar has alleged UAE over human rights violation and now is taking it to the UN International Court of Justice (ICJ) as cited to the official Qatar News Agency (QNA). The move has come a year after Qatar accused of “terrorism” tied diplomatic and trade relations with Saudi Arabia, Bahrain and Egypt. […]
India’s leading cab-hailing company Ola, run by ANI Technologies Pvt Ltd. has reported a phenomenal 70% jump in revenue in the year that ended 31 March 2017 as reported in its latest annual regulatory filings. As per the filings under the ministry of corporate affairs, Ola has recorded a revenue of Rs. 1,286 crore in […]
A new tussle between Karnataka government and major cab aggregators Ola and Uber have come into play, where the state government has issued a notice to the ride-hailing companies for violating against rules for charging the time-based fare. As per new traffic rules stated under Rule 11(a) of the Karnataka On-demand Transportation Technology Aggregators, cab […]
Cab Riding Major Ola is set to walk along the footprints of India’s most successful internet startup Flipkart as it is about to adopt a group holding company structure that would boost company’s valuation and improve its business management. According to sources, Ola will set up a holding company consisting of different units that will […]
Ola, the homegrown cab-hailing service is now expanding its operations in Australia to include the cities of Brisbane, Gold Coast and Canberra. “Customers in these cities can book discounted rides using Ola app starting Tuesday,” said the Bengaluru-based online cab aggregator in a statement. Ola was founded in 2011 by Bhavish Aggarwal and has been […]
While yesterday we reported the departure of Jeff Holden from American cab hailing company uber, today’s there is a news regarding exit of another senior official of rival cab company Ola. Ola’s operation chief Vishal Kaul has resigned after serving the firm for one year and four months marking a latest senior level change in […]
Ola and Uber, the two cab-hailing giant companies are facing tough times as their Rajasthani taxi drivers are conducting a hunger strike from today due to disagreements against the rates of commission charged by their companies that they deem too high. The drivers also conducted a strike last month that lasted nine days and ended […]
Market Regulator, Securities, and Exchange Board Of India(SEBI) has imposed a fine of Rs 1 crore on turbine maker Suzlon Energy on account of violating trading norms on Friday. The turbine maker has repeatedly failed to disclose private sensitive information required by SEBI’s listing guidelines. Sahil Malik, an Adjudicating officer at SEBI said, I find […]