An Economic Times report said that Ola CEO Pavish Aggarwal met Uber top executives in San Francisco, USA. Uber said in a statement that the statement is false and that we are not in merger talks with Ola.
Following this, Ola CEO Pavish Aggarwal took to Twitter and said, ‘This news about Ola-Uber tie-up is a complete rumour, and we are not in any talks at this time. He also said that the company is operating profitably and we are a leading company that is growing well.
Also Read:Bank Holidays | Banks are closed for these 18 days in August
“If some other companies want to set up their business in India, we will welcome their wish, but we never want to join them,” he said.
Both the companies are India’s leading companies operating in the highly competitive Indian market. Moreover, it is revealed that these companies are giving discounts to encourage passengers to travel and are spending billions in this effort.
It is well known that in January 2020, Uber sold its local food delivery business, Uber Eats, to Zomato Ltd. At the same time Ola also shut down its grocery delivery business. It has also invested less than a billion dollars in its electric vehicle venture Ola Electric Mobility.
Also Read:134 percent growth in 9 years; 5 Important Features of General Provident Fund Scheme!
While many such reports are being published, this news that has been published now is found to be false. Ola and Uber are two of the leading and competing companies in India.
From global to local news (Top Tamil News, Breaking News), Latest Tamil News, all can be found instantly on News18 Tamil (News18Tamil.com) website.
News18 Tamil Nadu TV can be found on ARASU CABLE – 50, TCCL – 57, SCV – 28, VK Digital – 30, SUN DIRECT DTH: 71, TATA PLAY: 1562, D2H: 2977, AIRTEL: 782, DISH TV: 2977.