Skip to content
Search AI Powered

Latest Stories

India’s Ola to start service in London soon

INDIAN start-up Ola Cabs has said on Tuesday (26) that it has started to register drivers before launching commercial operations in London.

According to company sources, the Bhavish Aggarwal-led company is inviting tens of thousands of private hire vehicle (PHV) drivers who are allowed to work for ride-hailing companies across London.


The drivers asked to register themselves on the company platform, as it aims to launch its service in the city in the near future.

The company said in a statement: "Ola has begun registering licenced drivers in London as it prepares to launch operations in the city. With this, over 50,000 licensed drivers will be able to join Ola and provide mobility services in London.”

"Ola is recognised for its collaborative approach, working with national governments and local authorities, to help solve transport issues. The company has passed all regulatory audits so far, adhering to safety standards that are similar to those of TfL (Transport for London)."

The latest announcement has come a day after Ola’s US rival, world’s largest ride hailing application, Uber, got its commercial licence cancelled in the British capital.

The Bengaluru-based firm has already been operating its services in the UK cities, including Birmingham, Bristol, and Liverpool after it began its UK operations last year in Cardiff.

The firm has driven into foreign markets such as Australia, New Zealand, apart from Britain.

Ola’s service is available in over 250 major cities.

Uber’s commercial licence was revoked by TfL.

The move came after almost 14,000 trips were made by drivers with fake identities on the company’s platform.

This was the second time Uber lost its licence in the British capital in the last 36 months.

More For You

Essar-Oil-UK-Getty

Essar Oil UK is advancing decarbonization at its Stanlow Refinery with two key projects supported by Industrial Energy Transformation Fund (IETF) grants. (Photo: Getty Images)

Essar, 24 other firms get £51.9m to cut industrial carbon emissions

THE GOVERNMENT has allocated £51.9 million to support 25 businesses in reducing carbon emissions as part of the Plan for Change aimed at driving economic growth and rebuilding Britain.

The funding covers projects across various industries, including food manufacturing, cement production, and glass processing.
Companies receiving funding include Essar Oil UK, Nestlé's coffee processing site in Staffordshire, Heinz's baked bean factory in Wigan, and Hanson Cement in North Wales.

Keep ReadingShow less
Tesla-Getty

Tesla has faced challenges in 2024, reporting its first annual decline in deliveries as incentives failed to increase demand for its ageing vehicle lineup. (Photo: Getty Images)

Tesla received nearly £200m in UK government grants since 2016: Report

ELON MUSK’s electric vehicle company Tesla has received £191 million in grants from the UK government since 2016, according to an analysis by Tussell.

The majority of the funding, £188m, was provided by the Department for Transport (DfT) through the plug-in car grant scheme, which aimed to promote the adoption of electric and plug-in hybrid vehicles, The Guardian reported.

Keep ReadingShow less
CES-2025

CES 2025, organised by the Consumer Technology Association (CTA), will be held from 7 to 10 January.

Indian tech innovations to shine at CES 2025, says top executive

THE INDIAN technology sector continues to capture attention, with several startups and entrepreneurs showcasing their innovations at CES 2025, the world's largest tech event.

John Kelley, vice president and show director of CES, described the Indian tech story as “fascinating” and highlighted its growing global significance.

Keep ReadingShow less
Anil Agarwal acquires London's historic Riverside Studios

Anil Agarwal

Anil Agarwal acquires London's historic Riverside Studios

THE founder and chairman of Vedanta group Anil Agarwal is the new owner of the iconic Riverside Studio in London, a statement said on Wednesday (8).

The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name ‘Anil Agarwal Riverside Studios Trust’, it informed.

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. )Representational image: iStock)

India's GDP growth projected to fall to 6.4 per cent in FY25

INDIA's gross domestic product (GDP) growth is projected to decline to 6.4 per cent in the financial year 2024-25, marking its lowest rate in four years, according to government data released on Tuesday. The slowdown is attributed to weaker performance in the manufacturing and services sectors.

The growth rate of 6.4 per cent, estimated by the national statistics office (NSO), is the lowest since the contraction of 5.8 per cent recorded during the Covid-19 pandemic in 2020-21. GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24.

Keep ReadingShow less