Ola

CCPA issues notices to Ola, Uber over differential pricing; Apple also under scrutiny

The Central Consumer Protection Authority (CCPA) has issued notices to cab aggregators Ola and Uber over alleged discrepancies in pricing based on the type of smartphone used by consumers, Union Minister of Consumer Affairs, Pralhad Joshi, said on Tuesday. In a post on X, Joshi explained that the CCPA's action follows observations of "apparent differential pricing" linked to whether consumers use iPhones or Android devices. "The Department of Consumer Affairs, through the CCPA, has issued noti...

September 16, 2024 4:46 PM

Ola IPO opens tomorrow with price band Rs 72-76; retail investors can bid for a minimum of 195 shares

Ola Electric Mobility Limited, a pioneer in India's electric vehicle (EV) sector, is poised to launch its Initial Public Offering (IPO) on Friday, August 2, 2024. The Bengaluru-based company has set the price band for its shares at Rs 72 to Rs 76 each. The IPO, which will remain open until Tuesday, August 6, consists of a fresh issue of equity shares worth Rs 5,500 crore and an offer for sale (OFS) of up to 84,941,997 equity shares. Retail investors can bid for a minimum of 195 shares, requirin...