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Ola Electric Said to Have Recorded $136 Million Loss in FY 2022-23, Missing Revenue Goal

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[ad_1] India’s largest e-scooter maker Ola Electric recorded an operating loss of $136 million (roughly Rs. 1,118 crore) on a revenue of $335 million (roughly Rs. 2,754 crore) in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. The 2022-23 loss number of SoftBank-backed Ola Electric, which … Read more

Uber, Ola Suffer a Blow as Supreme Court Revives Ban on Bike Taxis in Delhi

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[ad_1] The Supreme Court on Monday stayed the High Court order by which it had essentially allowed bike-taxi aggregators Rapido and Uber to operate in the national capital by asking the Delhi government not to take any coercive action against them till a new policy was formulated. A vacation bench of Justices Aniruddha Bose and … Read more

Ola Electric Said to Hold Investor Meet on IPO Plans From Next Week

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[ad_1] India’s Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock market listing, the first of a series of meetings for its up to $1 billion (nearly Rs. 8,250 crore) IPO, two sources with direct knowledge said. The sources said Ola, which makes electric scooters … Read more

Netflix, Ola, Uber Not Integrated With PIPOnet Passenger Service App, Clarifies NuRe Bharat CEO

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[ad_1] 3i Infotech-led consortium NuRe Bharat Network has not integrated Netflix, Ola, Uber or any other company with its PIPOnet app, a senior official of the company said. NuRe Bharat Network and RailTel on Monday unveiled PIPOnet mobile app with aims to provide all services, including e-ticketing, travel, stay reservations, and entertainment apps, for railway … Read more

RailTel, NuRe Bharat Launch Railway Passenger Service App; Will Provide Travel, Entertainment Services

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[ad_1] 3i Infotech-led consortium NuRe Bharat Network and RailTel on Monday unveiled PIPOnet mobile app which aims to provide all services, including e-ticketing, travel, stay reservations, and entertainment apps, for railway passengers. NuRe Bharat Network CEO Sax Krishna said that the app will become available on Android Play Store in the next two weeks. “We … Read more