New Delhi, June 4 (IANS) Ola Consumer (formerly known as Ola Cabs) has suffered a sharp valuation cut after funds managed by US investment giant Vanguard Group reduced the fair value of its parent company — ANI Technologies — to just $70 million, as per multiple reports.Reports said that the markdown — based on the firm’s latest filing with the US Securities and Exchange Commission (SEC) — indicated a decline of nearly 99 per cent from the company’s peak valuation of $7.3 billion.The lates…
Latest ANI Technologies News & Updates
Bengaluru, April 28 (IANS) The Karnataka Government has approached the Supreme Court challenging a recent judgment of the Karnataka High Court that lifted the ban on bike taxi services. The appeal has been filed against ANI Technologies and other cab aggregators. The appeal, filed last week, is yet to be listed for hearing before the apex court.It may be noted that the High Court had ruled that the State cannot deny permits solely on the ground that the vehicle is a motorcycle.The judgment was d…