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ANI Technologies News
Ola banned from London roads, to appeal decision
Tue, Oct 06, 2020
Indian ride-hailing company Ola has been refused a licence to continue operating in London over passenger safety failings by the British capital's transport authority, a decision the company said would appeal
Ola losses narrow to Rs 2,842 cr for FY18; revenue zooms 61%
Fri, Feb 01, 2019
According to the documents filed with the Corporate Affairs Ministry, Ola narrowed its standalone losses significantly to Rs 2,676.7 crore, while revenues were up 44.6 per cent to Rs 1,860.6 crore in FY2018 compared to the previous financial year.
SoftBank writes off Rs 6,400 crore from its Snapdeal investment
Wed, May 10, 2017
SoftBank said that it has written off over $1 billion (Rs 6400 crore) on valuation of its investment in Snapdeal.
Ola's losses widens by about 3 times since previous year
Sun, Apr 30, 2017
Ola has seen its losses widen about three times from Rs 796.11 crore in 2014-15
To compete with Uber, Ola raises over Rs 1,600 crore in fresh funding from SoftBank
Fri, Apr 14, 2017
Ola has raised about Rs 1,675 crore in a fresh funding round from Japan's SoftBank in order to compete with its rival taxi aggregator Uber in India.
SoftBank loses $350 million on Indian investments including Ola, Snapdeal
Thu, Feb 09, 2017
Japan's multinational telecom and internet firm SoftBank has reported $350 million loss on its investments in India including its investments in Ola and Snapdeal.
SoftBank writes down India investment by $560 million
Tue, Nov 08, 2016
Japan's SoftBank Corporation has booked an investment loss of 58.14 billion yen ($560 million or nearly Rs 3,725.54 crore) on its investments in India including cab-hailing firm Ola and e-commerce company Snapdeal.