Ola plans $500 million IPO, to appoint banks soon
by ETtech.com
ETtech.com— Ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion, three sources with direct knowledge of the matter told Reuters on Friday.SoftBank-backed Ola is India's answer to Uber and plans to file papers for approval with the country's market regulator within three months, said the sources, who declined to be named as the matter is confidential.Ola declined to comment.The company is in talks with investment banks,...
MacRumors—European Regulators Will Soon Approve Apple's Plan to Open Up Tap-to-Pay to Banks and Payment Providers. As part of the changes introduced in Europe in iOS 17.4, Apple gave third-party payment apps and banks direct access to the NFC chip, allowing for non-Apple Pay tap-to-pay payment options. The European Commission is set to approve Apple's plan to open up tap-and-go mobile payments "as soon as next month," according to Reuters. With NFC access, banks and third-party payment apps can offer contactless payments directly on the iPhone without having to use the Wallet app or Apple Pay. This...
Daily Mail—Bank holiday travel chaos warning: Revellers warned to plan ahead as up to 16 million cars to hit the roads on 'frantic Friday' and rail strikes set to disrupt to Britain's railway network. The weather is set to change just in time for the weekend with highs of 20C - which will add to the congestion as millions make a dash to seaside towns and fairs.
Drudge Report—Millions of New Yorkers May Be Planning to Leave. About 7 million New Yorkers plan to leave the state, a new survey revealed this month.In a new Marist poll, 37 percent of New Yorkers—roughly 7 million people—said they plan to move away. The number was slightly more concentrated among Republicans, as 46 percent said they plan to leave the state compared to just 29 percent of Democrats.: How to Sell Your HomeThe mass migration echoes a trend that gained momentum during the COVID-19 pandemic and continued in the years that followed as Northerners...