Skip to content
Search

Latest Stories

Ola Corporate launched in UK for business travel

Ride-hailing company Ola on Tuesday (21) launched Ola Corporate service for cost-effective business travel in UK.

The company claimed that the service is 25 per cent cheaper when compared to alternative options.


"Ola Corporate provides a centralised billing and customised ride policies to help businesses organise safe and reliable travel for their employees as people get back to work," said a company statement.

"The service supports cashless transactions, safeguarding both riders and drivers from contact, and through streamlined processes and end-to-end solutions can help to reduce ground travel costs by up to 25 per cent. Ola only charges for time used, there are no wait time or platform fees."

The company also revealed that demand has been doubled in the last four weeks as people are increasingly on the move.

People can book rides on the app and simply tag the ride as a Corporate ride. The fares are paid automatically through the company’s Ola Corporate account and can be viewed and downloaded at any time from the dashboard.

“The launch of Ola Corporate continues to demonstrate our ability to grow and diversify in the UK. The new service will build on the success we have had, with our focus on quality, safety and reliability remaining at the core of everything we do," said Marc Rozendal, Ola’s UK managing director.

"We look forward to working with businesses across the UK to meet their mobility needs and helping people to get back to work safely.”

More For You

Prudential to list Indian asset management venture

Prudential chief executive Anil Wadhwani

Prudential to list Indian asset management venture

INSURER Prudential plc announced that it is considering a partial listing of its stake in ICICI Prudential Asset Management, one of India's leading investment firms. The news sent Prudential's shares soaring by 5.8 per cent to close at 722p on the London Stock Exchange.

The FTSE 100 company currently holds a 49 per cent stake in the Indian joint venture, which market analysts estimate to be worth around £4 billion. ICICI Bank, which owns the remaining 51 per cent, has confirmed its intention to maintain its majority shareholding, emphasising its "long-term commitment" to the partnership that began in 1998, reported the Times.

Keep ReadingShow less
NatWest-Reuters

The bank has set a new performance target, aiming for a return on tangible equity of 15-16 per cent in 2025 and above 15 per cent by 2027. (Photo: Reuters)

What’s driving NatWest’s better-than-expected profit growth?

NATWEST reported higher-than-expected annual profit on Friday, supported by its growth strategy, improved productivity, and capital management efforts.

The bank, which once had assets worth 2.2 trillion pounds—more than twice the size of the British economy—has undergone years of restructuring to focus mainly on domestic consumer and mortgage lending.

Keep ReadingShow less
London business district
A general view shows the London's financial district from an office window in Canary Wharf. (Photo: Getty Images)

Economy grows 0.1 per cent in fourth quarter, defying expectations

THE UK economy expanded by 0.1 per cent in the final quarter of 2024, contrary to forecasts of a contraction, according to official data released on Thursday.

The growth, supported by a stronger-than-expected 0.4 per cent rise in December, offers some relief to chancellor Rachel Reeves as she navigates broader economic challenges.

Keep ReadingShow less
BP-Reuters

Fourth-quarter profit dropped 61 per cent compared to the previous year, marking BP’s weakest results since Q4 2020, when the pandemic reduced global oil demand. (Photo: Reuters)

BP reports lowest quarterly profit in four years, plans strategy reset

BP reported a quarterly profit of £943 million on Tuesday, falling short of expectations and marking its lowest in four years.

The company said it plans a "fundamental reset" of its strategy, days after reports that Elliott Management had taken a stake in the oil major.

Keep ReadingShow less
Shein-Reuters

Shein had aimed to go public in London in the first half of this year, subject to regulatory approvals in the UK and China. (Photo: Reuters)

Shein cuts valuation to £40 billion for London listing

SHEIN is preparing to lower its valuation to around £40 billion for a potential initial public offering (IPO) in London, according to three Reuters sources familiar with the matter.

This is nearly 25 per cent lower than the company's 2023 fundraising valuation as it faces increasing challenges.

Keep ReadingShow less