Download the app
App StorePlay Store
Beige
Login
← All tags

ola

Maharashtra demands instant shutdown of Ola Uber Rapido bike taxi apps over safety and legal violations

Maharashtra demands instant shutdown of Ola Uber Rapido bike taxi apps over safety and legal violations

Maharashtra Transport Minister Pratap Sarnaik has written to the state cyber crime department asking for an immediate shutdown of app-based bike taxi services by Ola, Uber and Rapido. He alleges they operate without permissions and warn of action under the IT Act and Motor Vehicles Act, citing safety gaps like weak driver verification, insurance and emergency systems, plus a fatal incident last February.

Summarised by Beize from a story on Inc42 on 13 May 2026
Ola Consumer turns free cash flow positive in H2 FY26 after restructuring

Ola Consumer turns free cash flow positive in H2 FY26 after restructuring

Ola Consumer has turned free cash flow positive in H2 FY26, signaling a sharp turnaround after a year of restructuring. The cab aggregator moved to a zero-commission driver subscription model and shifted toward higher-margin revenue streams. The improvement comes even as competition intensifies, highlighting the resilience of its new business structure.

Summarised by Beize from a story on The Economic Times on 8 May 2026

Your news, in seconds

App StorePlay Store
Ola Consumer loss doubles to ₹662.4 cr as revenue crashes and spending shifts

Ola Consumer loss doubles to ₹662.4 cr as revenue crashes and spending shifts

Ola Consumer, Ola Group’s ride-hailing arm, more than doubled its net loss to ₹662.4 crore in FY25 as operating revenue dropped 41.8% to ₹1,170.9 crore. Losses accumulated to ₹21,212.6 crore alongside debt of over ₹586 crore, though the firm says liquidity is sufficient. Costs fell overall, but marketing surged 117.9% and an IPO process is underway.

Summarised by Beize from a story on Inc42 on 7 May 2026
Ola AI startup Krutrim axes agentic platform as funding dries up and leaders exit

Ola AI startup Krutrim axes agentic platform as funding dries up and leaders exit

Krutrim, the AI venture backed by Ola founder Bhavish Aggarwal, is scaling back sharply after funding constraints triggered a leadership exodus and workforce cuts. Key AI and semiconductor leaders, along with more than 60 linguistics staff, have exited. The move has reportedly paused its agentic AI platform and shelved its Bodhi 1 chip, while Krutrim pivots toward AI cloud services.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Uber Ola Rapido drivers in Maharashtra may soon need Marathi learning as new rule nears

Uber Ola Rapido drivers in Maharashtra may soon need Marathi learning as new rule nears

Maharashtra plans to extend its Marathi language learning requirement beyond traditional taxi and auto drivers to app-based cab services. The transport minister said a policy is being prepared for aggregators like Uber, Ola, and Rapido, with a timeline linked to the August 15 extension already announced for conventional drivers. The move could affect drivers and riders on these platforms.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026
Hindustan Copper IndiGo Ola Among 6 Stocks That Moved as Rally Snapped

Hindustan Copper IndiGo Ola Among 6 Stocks That Moved as Rally Snapped

Markets paused after a four-day rally on Thursday, and six stocks grabbed attention for big, uneven moves. Hindustan Copper, IndiGo and Ola were among the standout names as gains were supported by rupee-led strength in IT, while other moves were driven by fresh corporate updates and stock-specific pressures.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Never miss a story

App StorePlay Store
Ola’s million EV milestone hides a pricey warranty problem looming for buyers

Ola’s million EV milestone hides a pricey warranty problem looming for buyers

Ola’s push toward a million EVs is being shadowed by warranty costs that far exceed both rivals and traditional automakers. The imbalance has investors and customers wondering whether the company’s growth is being underwritten by rising repair liabilities, and how long the higher costs can remain sustainable as EV volumes scale up.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play