Ola was founded in 2011 and has a massive offering with over 125 million users, however until this year, that offering had been limited to just India, with the company picking Australia as its first foray into worldwide markets.
Ola launched in Perth on Valentine's Day and made an aggressive push into the Australia market with a generous incentive strategy for both users and drivers, undercutting Uber.
(NYSE:MRK) Shares Sold by Leavell Investment Management Inc
Krilogy Financial LLC boosted its holdings in shares of Merck & Co., Inc.by 0.4% in the 2nd quarter. (NYSE:MRK) for 1.37M shares. Woodstock Corp decreased its stake in Merck & Co Inc ( MRK ) by 3.91% based on its latest 2017Q3 regulatory filing with the SEC.
The company has not yet started operations in Melbourne. Ola is now officially operating in Sydney and has hired a local team to build partnerships and support driver-partners, it said in a statement.
SoftBank is also the largest shareholder in Uber, after the Japanese telecom firm recently bought 15 per cent of its stake.
Uber which is Ola's main competitor in the Australian market, launched its operations in Australia in 2012 and now operates in 19 Australian cities including the major cities of Sydney, Melbourne, Brisbane, Adelaide, Perth and Canberra. "Rides can also be booked to and from Sydney Airport, for drop off and pick up in the designated ridesharing area". US-based Uber, which is one of the world's most valued startups, runs on-demand food delivery app UberEATs in select Indian cities. On February 22, the company started its operations in Perth, Australia, for which it claims to have received a strong response from driver-partners with over 7,000 registrations.
After the block deal, Tata Sons will hold about 73% in TCS, which generated $18 billion in revenues in fiscal 2017. It is planning to sell the TCS shares for Rs 2,872 to Rs 2,925 each, CNBC TV18 reported on Monday.
According to NFL Network's Tom Pelissero, the Buffalo Bills have "some interest" in Minnesota Vikings' quarterback Sam Bradford . It helped lead the team to the second-best record in the NFC and a bye into the divisional round of the playoffs.
If the low can develop and track across western Montana, bands of moderate to heavy snow would be likely for mountain passes. We took a step in the spring direction this past weekend as we sprung ahead our clocks back to daylight saving time.
The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. Following the transaction, the executive vice president now owns 349,305 shares in the company, valued at $2,239,045.05.
According to WalletHub .com, rankings were determined by examining each city based on 28 key indicators of happiness. Though Pearl City ranked 57th for income and employment, the study does note that money can't buy happiness.
But the Taliban has so far ruled out direct talks with the Western-backed government, which they say is illegitimate. The insurgent group has said it was prepared to negotiate, but only with the USA and not with the Kabul government.
The list included Victoria Tauli-Corpuz, a United Nations special rapporteur for indigenous people's rights. Ms Tauli-Corpuz denounced the Government, calling the complaint "baseless, malicious and irresponsible".
Canaccord Genuity set a $33.00 price target on Dicks Sporting Goods (NYSE:DKS) in a research note issued to investors on Friday. It is negative, as 48 investors sold KO shares while 641 reduced holdings. 66 funds opened positions while 209 raised stakes.
TheStreet upgraded shares of Vornado Realty Trust from a "c+" rating to a "b-" rating in a research note on Monday, December 18th. After $0.64 actual earnings per share reported by BP p.l.c. for the previous quarter, Wall Street now forecasts 3.13% EPS growth.
TV host Aditya Narayan arrested for rash driving
Now that singer is yet again back in a fresh controversy, we wonder what the 'papa kehte hai' singer has to say. The medical reports will come today and following that, Aditya will be questioned about the incident.
Less violence, more drama for Colombia's election
His own Party of National Unity, which was the biggest political movement in the outgoing congress, finished fifth overall. Sunday's vote was seen as a barometer for a fiercely contested presidential election in May.