IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
The Quorum in Mumbai aims to introduce and extend its blend of hospitality and philosophy of being community-led, content-driven, design-focused and experiential.
The amendment comes within a month of web-based taxi companies being banned in Delhi, after a taxi driver on Uber's network allegedly raped a finance executive early this month.
Ola did not disclose financial details of the investment.
With Ola Corporate, aims to provide services to 10,000 firms by next year
The solution works on the pricing and scheduling algorithms that define key parameters necessary for most efficiently matching the supply and demand of freight and trucks.
The BJP ignored the principle of the Cabinet's joint responsibility and the adage of the buck stopping at the top, observes Amulya Ganguli.
An individual must have tolerance for ambiguity and will have to learn to adapt to changing scenarios, suggests Career Coach Dr Shruthi J Mayur.
Want to copy Kiara, Kareena and Manushi's style?
Despite the rupee fluctuations, the coveted brands have lined up a record number of launches.
The company has announced a global tie-up with San Francisco-based Uber.
'And they are going to be milder because we are dealing with the vaccinated and are much richer in terms of the immune response in the population.'
Cab aggregator Ola is laying off 1,400 staff from rides, financial services and food business as revenues declined by 95 per cent in the last two months due to coronavirus pandemic, a note by CEO Bhavish Aggarwal said. In an email to employees, Aggarwal made it clear that the prognosis ahead for the business is "very unclear and uncertain" and the impact of this crisis is "definitely going to be long-drawn for us".
As he completes 10 years in the industry and patiently waits for the release of his next biggie, '83, Joginder Tuteja looks at his biggest hits so far.
Both Indian firms have been in talks with investors for nearly a year to raise fresh funds of as much as $ 1 billion, but with little success so far.
Chinese foreign policy will acquire a more ideological and less pragmatic character. It will be conducted with more nationalist overtones, predicts former foreign secretary Shyam Saran.
The Bengaluru-based firm competes with US rival Uber whose lukewarm IPO last year has contributed to the lag in valuation trend among the unicorns across the Indian start-up ecosystem.
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
Rakul Preet Singh shares some important life lessons in an interview with FHM.
Both Uber and Rapido have an SOS button installed in the app which are monitored by their teams
A business in India wanting access to maps and geospatial data would typically have to wait months before it got what it wanted. All this is set to change with the new guidelines on geospatial data, report Neha Alawadhi and Peerzada Abrar.
A large number of American companies like Google, Uber and IBM are offering their resources to help India successfully fight the battle against the deadly coronavirus pandemic.
Online grocery platform BigBasket is looking at hiring 10,000 people for its warehouses and last-mile delivery to clear pending orders quickly and meet the spike in orders on account of the nationwide lockdown. "We are looking to hire 10,000 people for our warehouses and last-mile delivery. This hiring will happen across all 26 cities that we are present in," bigbasket Vice President-Human Resources Tanuja Tewari told PTI.
Mental health and life coach Anu Krishna tells you how to take control of your life.
A driver, working for US-based cab service provider Uber, was remanded in police custody for three days by a Delhi court for allegedly raping a 27-year-old woman executive in New Delhi on Friday night.
Political controversies aside, Twitter's business in India is expanding, and creating opportunities for Indians, reports Neha Alawadhi.
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
National camp to resume on Monday.
The Australian government had announced that anyone arriving in the country from overseas will be forced to self-isolate for 14 days starting Sunday midnight (March 15) in a bid to contain the spread of the novel coronavirus. However, a lot of citizens are confused regarding the working of the precaution.
Digitally driven businesses have cut short the time to market significantly.
India's Internet economy has two choices: An immediate $30 billion Sale-and-Leaseback or a $3 trillion value harvesting over decades, observes Vibhu Arya.
Currently the average expected time of arrival for Ola vehicles is five minutes.
Tax concealment in case of Walmart-owned Flipkart's unit is about Rs 650 crore while the remaining estimation is related to Swiggy.
Shuttler N Sikki Reddy and physiotherapist Kiran C have tested positive for COVID-19 at the ongoing national camp, forcing the closure of the Pullela Gopichand Badminton Academy in Hyderabad for sanitisation.
'Do not get into the calculations that you see on television...Oh if you are looking at $5 trillion economy, the country will have to grow at 12 per cent, today it is growing at 6-7 per cent'
The high court also told app-based taxi service provider, Ola cabs that it was inclined to allow only CNG-based cabs to provide point to point service in the national capital.
Strict lockdown-like restrictions are already in place in the southern stateand the Pinarayi Vijayan government decided to clamp the complete shutdown in the wake of severe spike in the positive cases.
State transport commissioner Shyam Wardhane has issued directives allowing private cars, buses and other vehicles to operate as "public transport" on Monday
Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.
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