Ola Losses
- All
- News
- Videos
-
Ola Electric's Quarterly Loss Widens to Rs. 870 Crore
Ola Electric Mobility reported a loss of Rs. 870 crore ($101.8 million) in the quarter ended March 31, compared with a loss of Rs. 416 crore a year earlier. Its total expenses fell 31.6 percent to Rs. 13.6 crore.
-
Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
-
Ola Electric To Lay Off 500 Employees Amid Losses: Report
Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of a restructuring exercise.
-
Ola Electric's Q2 Loss Narrows, Says Most Service Issues 'Minor'
Ola Electric on Friday reported a narrower loss for the second quarter, attributing this to a significant increase in sales. The company also claimed that the recent rise in service requests primarily concerned "minor issues." Between July and September, Ola Electric delivered a total of 98,619 two-wheelers, marking a 73.6 percent increase from the...
-
"Rs 6,000 Loss": Man Takes Cab To Reach Destination After Train Runs 9 Hours Late
He stated that he had no other choice but to hire an interstate taxi from Kanpur to Jhansi to avoid missing his connecting train.
-
Ola Electric Said to Have Recorded $136 Million Loss in FY 2022-23, Missing Revenue Goal
India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal.
-
Ola Unveils First Operating Profit Ahead Of Potential IPO
Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs.89.82 crore ($12 million) for the fiscal year that ended in March 2021, ver...
-
SoftBank-Backed Ride-Hailing Firm Grab Announces Layoffs
Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus.
-
COVID-19 Tech Job Losses Over 10,000 Now, Show No Sign of Slowing
A huge number of tech companies are cutting staff or shutting shop. The losses continue to mount with thousands of people out of jobs.
-
Daimler Loses $1.3 billion On Diesel, Airbag Woes
Daimler AG, the maker of Mercedes-Benz luxury cars, says it lost 1.2 billion euros ($1.3 billion) in the second quarter as the company booked 4.2 billion euros in one-time charges for troubles with diesel vehicles and air bag recalls. The quarterly loss reported Wednesday was the company's first since 2009 and a bumpy start for new CEO Ola Kalleniu...
-
Uber Posts $1 Billion Loss in Quarter as Growth in Bookings Slows
Uber Technologies said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter.
-
Ola 'Chalo Befikar' In-Trip Insurance Programme Launched for Riders, Can Be Availed at Re. 1
Ola has extended the benefits of its 'Chalo befikar' insurance programme across various categories.
-
SoftBank Logs Over $1.4 Billion Loss From Indian Investments, Including Snapdeal and Ola
SoftBank Group said it has recorded loss from investments to the tune of $1.4 billion, or over Rs. 9,000 crores, for 2016-17 in Indian startups like Snapdeal and Ola.
-
Ola Lost About Rs. 6 Crores a Day in 2015, Filing Reveals
Ola posted a consolidated loss of over Rs. 2,311 crores - about Rs. 6 crores a day - during fiscal 2015-16, a filing with the Ministry of Corporate Affairs reveals.
-
Cab Company Ola Lost Rs 6 Crore Every Day During 2015-16
SoftBank-backed cab aggregator Ola posted a consolidated loss of over Rs 2,311 crore -- about Rs 6 crore a day -- during fiscal 2015-16, on account of heavy advertising and promotional expenses and high employee cost.
-
Ola Electric's Quarterly Loss Widens to Rs. 870 Crore
Ola Electric Mobility reported a loss of Rs. 870 crore ($101.8 million) in the quarter ended March 31, compared with a loss of Rs. 416 crore a year earlier. Its total expenses fell 31.6 percent to Rs. 13.6 crore.
-
Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
-
Ola Electric To Lay Off 500 Employees Amid Losses: Report
Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of a restructuring exercise.
-
Ola Electric's Q2 Loss Narrows, Says Most Service Issues 'Minor'
Ola Electric on Friday reported a narrower loss for the second quarter, attributing this to a significant increase in sales. The company also claimed that the recent rise in service requests primarily concerned "minor issues." Between July and September, Ola Electric delivered a total of 98,619 two-wheelers, marking a 73.6 percent increase from the...
-
"Rs 6,000 Loss": Man Takes Cab To Reach Destination After Train Runs 9 Hours Late
He stated that he had no other choice but to hire an interstate taxi from Kanpur to Jhansi to avoid missing his connecting train.
-
Ola Electric Said to Have Recorded $136 Million Loss in FY 2022-23, Missing Revenue Goal
India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal.
-
Ola Unveils First Operating Profit Ahead Of Potential IPO
Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs.89.82 crore ($12 million) for the fiscal year that ended in March 2021, ver...
-
SoftBank-Backed Ride-Hailing Firm Grab Announces Layoffs
Southeast Asian ride-hailing and payments firm Grab announced hundreds of job losses on Tuesday due to the impact of novel coronavirus.
-
COVID-19 Tech Job Losses Over 10,000 Now, Show No Sign of Slowing
A huge number of tech companies are cutting staff or shutting shop. The losses continue to mount with thousands of people out of jobs.
-
Daimler Loses $1.3 billion On Diesel, Airbag Woes
Daimler AG, the maker of Mercedes-Benz luxury cars, says it lost 1.2 billion euros ($1.3 billion) in the second quarter as the company booked 4.2 billion euros in one-time charges for troubles with diesel vehicles and air bag recalls. The quarterly loss reported Wednesday was the company's first since 2009 and a bumpy start for new CEO Ola Kalleniu...
-
Uber Posts $1 Billion Loss in Quarter as Growth in Bookings Slows
Uber Technologies said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter.
-
Ola 'Chalo Befikar' In-Trip Insurance Programme Launched for Riders, Can Be Availed at Re. 1
Ola has extended the benefits of its 'Chalo befikar' insurance programme across various categories.
-
SoftBank Logs Over $1.4 Billion Loss From Indian Investments, Including Snapdeal and Ola
SoftBank Group said it has recorded loss from investments to the tune of $1.4 billion, or over Rs. 9,000 crores, for 2016-17 in Indian startups like Snapdeal and Ola.
-
Ola Lost About Rs. 6 Crores a Day in 2015, Filing Reveals
Ola posted a consolidated loss of over Rs. 2,311 crores - about Rs. 6 crores a day - during fiscal 2015-16, a filing with the Ministry of Corporate Affairs reveals.
-
Cab Company Ola Lost Rs 6 Crore Every Day During 2015-16
SoftBank-backed cab aggregator Ola posted a consolidated loss of over Rs 2,311 crore -- about Rs 6 crore a day -- during fiscal 2015-16, on account of heavy advertising and promotional expenses and high employee cost.
