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Ola shuts TaxiForSure unit, lays off up to 1,000 people

Tuesday, August 16, 2016 | More »

Cab-hailing company Ola has shut its TaxiForSure unit and is laying off as many as 1,000 employees, as the SoftBank Group Corp-backed firm tightens its belt to take on US-based rival Uber. According to at least half-a-dozen people with the direct knowledge of the development, about 90% of the staff ...