At the eagerly awaited Ola Sankalp event, Ola Electric Mobility, the powerhouse of the Indian electric vehicle (EV) market, recently introduced a new line of electric bikes. Bhavish Aggarwal, the founder and…
Tag: Ola
Weekly Business News: From Ola Electric IPO to 24 Seven Acquisition
Holcim’s Exit from India: A Strategic Shift in the Cement Industry The world’s biggest cement producer, Holcim, based in Switzerland, announced in May 2022 that it would be selling its India operation…
Ola to enter quick commerce sector, robots to be deployed at dark stores
According to reports, Ola, the massive ride-hailing company owned by ANI Technologies, is taking a risk by reentering the fast-growing rapid commerce market. This action represents a dramatic change in the company’s…
IPO Update: Reports suggest Ola Electric to launch $740 Mn IPO next month
The electric car division of Ola Cabs, Ola Electric, is expected to launch its initial public offering (IPO) in the first half of August, causing a stir in the Indian stock market….
As LinkedIn removes CEO’s post on ‘pronoun illness’, Ola to move from Microsoft Azure to Krutrim AI
In a bold move that could reshape the landscape of cloud computing in India, Ola Group of Companies’ founder and CEO, Bhavish Aggarwal, has announced the company’s decision to sever ties with…
Ahead of CEO Hemant Bakshi’s resignation, Ola Cabs plans to lay off 300 employees
One of the top ride-hailing services in India, Ola Cabs, has lately experienced major organizational and leadership changes. The resignation of the CEO, Hemant Bakshi, who only started three months ago, has…