Close Menu
    What's Hot

    How this wall will protect Japan from Tsunami?

    July 7, 2025

    Jackie Shroff Reveals Wife Ayesha Left Lavish Life To Live In Chawl With Him: "She Queued To Go To The Toilet"

    July 7, 2025

    Dipika Chikhlia On Arun Govil's Casting As Dasharath In Ramayana: "You Played Lord Rama, Then You…"

    July 7, 2025
    Facebook X (Twitter) Instagram
    N24India
    • Home
    • Features
    • Politics

      Kashmir Attack Sparks Media Storm Amid Political Blame Game

      April 23, 2025

      Religious Bias Allegations Rock Amazon, eBay, and Oracle Customer Support many Companies.

      January 10, 2025

      Feroz Khan Addresses Controversy with AIMIM MLA, Calls for Improved Road Infrastructure in Asifnagar -N24india

      October 7, 2024

      Yati Narsinghanand Saraswati Sparks Outrage with Hate Speech Against Prophet Muhammad: Calls for Legal Action Intensify

      October 5, 2024

      Drugs, Baby Oil, Video Tools: What Went On At Rapper Diddy's "Freak Offs"

      September 23, 2024
    • Science
      1. Politics
      2. Lifestyle
      3. Sports
      4. View All

      Kashmir Attack Sparks Media Storm Amid Political Blame Game

      April 23, 2025

      Religious Bias Allegations Rock Amazon, eBay, and Oracle Customer Support many Companies.

      January 10, 2025

      Feroz Khan Addresses Controversy with AIMIM MLA, Calls for Improved Road Infrastructure in Asifnagar -N24india

      October 7, 2024

      Yati Narsinghanand Saraswati Sparks Outrage with Hate Speech Against Prophet Muhammad: Calls for Legal Action Intensify

      October 5, 2024

      Jackie Shroff Reveals Wife Ayesha Left Lavish Life To Live In Chawl With Him: "She Queued To Go To The Toilet"

      July 7, 2025

      Dipika Chikhlia On Arun Govil's Casting As Dasharath In Ramayana: "You Played Lord Rama, Then You…"

      July 7, 2025

      Middle-Finger Emoji To Fist In F1, No Nudity In Oppenheimer: Most Ridiculous Censor Changes In Recent Films

      July 7, 2025

      Nora Fatehi Breaks Down At Mumbai Airport After Sharing Cryptic Post About Death

      July 7, 2025

      Watch Weightlifting at Paris 2024 – Follow the Olympic Games

      July 15, 2024

      Charlotte Hornets Makes Career-high 34 Points in Loss to Utah Jazz

      July 15, 2024

      Young Teen Sucker-punches Opponent During Basketball Game

      March 12, 2021

      Bills’ Josh Allen Finishes Second in NFL Most Valuable Player Voting

      January 18, 2021

      World’s first electric hydrofoil ship is coming to Saudi Arabia’s NEOM

      August 21, 2024

      World’s Tiniest Fanged Frogs Lay Their Eggs on Leaves and Guard Them

      July 15, 2024

      Get this 4K HD Dual-Camera Drone with WiFi for $75

      July 15, 2024

      Russian Satellite Breaks up in Space, Forces ISS Astronauts to Shelter

      July 15, 2024
    Facebook X (Twitter) Instagram
    N24India
    Home»Politics»Ola To Shut Down In UK, Australia, New Zealand, Focus On India Business
    Politics

    Ola To Shut Down In UK, Australia, New Zealand, Focus On India Business

    AdminBy AdminApril 9, 2024No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Ride-hailing services provider Ola has decided to shut down operations in the UK, Australia and New Zealand and will continue to focus on India business, its promoter ANI Technologies said today.

    The Softbank-backed company said that it sees immense opportunity for expansion in India.

    “Our ride-hailing business is growing rapidly, and we remain profitable and segment leaders in India. The future of mobility is electric – not just in personal mobility, but also for the ride-hailing business and there is immense opportunity for expansion in India.”

    “With this clear focus, we have reassessed our priorities and have decided to shut down our overseas ride-hailing business in its current form in the UK, Australia and New Zealand,” an Ola Mobility spokesperson said.

    The company had launched these operations in phases in 2018.

    ANI Technologies has reported a narrowing of consolidated net loss to Rs 772.25 crore in the fiscal 2023, according to a regulatory filing. The company posted a consolidated loss of Rs 1,522.33 crore in the financial year (FY) 2022.

    The consolidated revenue from operations increased by about 48 per cent to Rs 2,481.35 crore in FY23 from Rs 1,679.54 crore in the year-ago period.

    On a standalone basis, ANI Technologies, which comprises a ride-hailing business, has reported a narrowing of loss to Rs 1,082.56 crore in FY23 compared to a loss of Rs 3,082.42 crore in FY22.

    “We remain very excited and focused on our mission to serve 1 billion Indians. As a technology-first business, leading with innovation, we are confident to spearhead the country’s mobility ambitions and lead the next phase of growth in the industry at large,” the spokesperson said.
     

    (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



    Original Source

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Kashmir Attack Sparks Media Storm Amid Political Blame Game

    April 23, 2025

    Religious Bias Allegations Rock Amazon, eBay, and Oracle Customer Support many Companies.

    January 10, 2025

    Feroz Khan Addresses Controversy with AIMIM MLA, Calls for Improved Road Infrastructure in Asifnagar -N24india

    October 7, 2024

    Comments are closed.

    Advertisement
    Demo
    Latest Posts

    How this wall will protect Japan from Tsunami?

    July 7, 2025

    Jackie Shroff Reveals Wife Ayesha Left Lavish Life To Live In Chawl With Him: "She Queued To Go To The Toilet"

    July 7, 2025

    Dipika Chikhlia On Arun Govil's Casting As Dasharath In Ramayana: "You Played Lord Rama, Then You…"

    July 7, 2025

    Middle-Finger Emoji To Fist In F1, No Nudity In Oppenheimer: Most Ridiculous Censor Changes In Recent Films

    July 7, 2025
    Trending Posts
    Business & Economy

    Maersk CEO Vincent Clerc Speaks to ‘Massive Impact’ of the Red Sea Situation

    January 20, 2021
    Sports

    Review: Can Wisconsin Clinch the Big Ten West this Weekend

    January 15, 2021
    Biotech

    These Knee Braces Help With Arthritis Pain, Swelling, and Post-Surgery Recovery

    January 15, 2021

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Hyderabad
    • Telengana
    • Lifestyle
      • Science
    • Politics
      • Asia
      • Europe
      • World
    • Middle East
    • Sports
    • Home
    • Blog
    • Homepage
    • Typography Elements
    • Get In Touch
    • Our Authors
    © 2025 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.