June 19, 2024 13:42 (IST)
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RBI slaps Rs 1.7 cr fine on Ola Financial Services for non-compliance

Mumbai: The Reserve Bank of India (RBI) slapped a Rs 1.67 crore fine on Ola Financial Services Ltd, the financial arm of app-based ride-hailing firm Ola, for non-compliance with its prepaid payment instrument (PPI) and know-your-customer (KYC) guidelines.

IPO-bound Ola raises USD 500 mln loan

Bangalore/IBNS: India's ride hailing company Ola secured a USD 500 million loan from international institutional investors to proliferate mobility across ride hailing, vehicle commerce, delivery with foods, quick commerce and financial services sectors.

Ola begins delivery of electric scooters today

Mumbai/IBNS: After a delay of two months, Ola is set to begin the delivery of its electric scooters from Wednesday, media reports said.

Ola strengthens its leadership team, hires top talent across businesses

New Delhi:  Mobility platform Ola has announced key leadership appointments across Ola Financial Services, Ola Cars, and Ola Electric.

Ola IPO is early 2022 to raise $2 billion: Report

Bengaluru/IBNS: Cab hailing company, Ola, is set to launch a public offer in early 2022 with the aim to raise at least $1.5-2 billion at a valuation of $12-14 billion, a report in The Economic Times said.

Ola scooter gets 100,000 reservation in a day

Kolkata: Ola on Saturday announced that its electric scooter received a record breaking 100,000 reservations within the first 24 hours.

Ola Electric opens reservation for Ola Scooter

Mumbai: Ola Electricon Thursday announced opening up reservations for electric scooter.

Ola completes vaccination for over 50% of its employees and their dependents

Kolkata: Ola, a mobility company, on Wednesday announced that it has successfully administered the first dose of vaccinations for over 50 percent of its employees and their dependents.

Ola to donate 10,000 oxygen concentrators across India

Bengaluru/UNI: Mobility platform Ola through a collaboration of its foundation with donation platform GiveIndia will supply 10,000 oxygen concentrators across the country.

Ola Foundation and GiveIndia partner to launch O2ForIndia Initiative

Mumbai: Ola Foundation, the philanthropic arm of Ola, on Monday announced its partnership with GiveIndia to provide consumers with oxygen concentrators for free through the Ola app.

Ola Electric ropes in 35-year auto veteran Yongsung Kim to head Global Sales & Distribution

New Delhi: Ola Electric on Tuesday announced the appointment of Yongsung Kim as Head of Global Sales & Distribution, overseeing India and international markets.

Ola adopts Siemens’ Digital Enterprise to build India’s most advanced manufacturing facility

New Delhi: Ola, one of the leading mobility companies in the world, today announced that it has partnered with Siemens as it looks to rapidly build its upcoming electric vehicle manufacturing facility.

Ola enables in-app ‘tipping’ globally, to help customers appreciate their drivers

Kolkata/IBNS: Ola, India’s leading mobility platform and one of the world’s largest ride-hailing companies, has rolled out a global feature for customers to express their gratitude and independently reward drivers for going the extra mile to deliver a safe and high-quality ride experience.

Covid-19: Ola launches ‘10 Steps to a Safer Ride’ for driver-partners and customers

New Delhi/IBNS: With the Ministry of Home Affairs (MHA) easing restrictions in select zones across the country, Ola, India’s leading mobility platform and one of the world’s largest ride-hailing companies, today launched a new safety initiative, ‘10 Steps to a Safer Ride’ as operations resume in over 100 cities which are in green and orange zones.

Ola launches 'Drive the Driver Fund' to offer relief to the driver community

Kolkata/IBNS: Two days after the nation-wide lockdown which has left the country’s drivers without any daily income, Ola, one of the world’s largest ride-hailing platform, on Friday announced the launch of ‘Drive the Driver Fund’ under the aegis of its social welfare arm, Ola Foundation.