OLX

Dutch online marketplace OLX is helping EU antitrust enforcers in their investigation into Facebook owner Meta Platforms, the Naspers unit said on Friday.The European Commission has accused Meta of gaining an unfair advantage by tying its classified advertisements service Marketplace with its social network Facebook and imposing unfair trading conditions on rival online classified ads services. Meta, which contested the charges at a closed hearing held by the EU competition enforcer last week, has said the EU's case is…

Mumbai-based used cars platform CarTrade Tech will acquire online marketplace OLX India's auto sales business for Rs 537 crore. In a stock exchange filing on Monday, CarTrade said that it will acquire 100% stake in Sobek Auto India Pvt Ltd, the entity which houses OLX India’s automotive business for a cash consideration. Even though it is profitable, the acquisition could significantly impact CarTrade's cash cushion. As of March 31, 2023, the company — which had raised funds from investors such as Temasek Holdings and…

One of India’s top automobile classifieds portals, CarTrade, has made a significant acquisition by finalizing a deal to acquire OLX India’s auto business. The transaction, valued at Rs 537 crore, marks an important milestone for both companies. The acquisition, announced through a stock exchange disclosure by CarTrade, involves the purchase of Sobek Auto India Private Limited (Sobek) and its parent company, OLX India B.V. This strategic move is set to bolster CarTrade’s position in the Indian automotive market and bring…

Online marketplace OLX Group and the classifieds business arm of Prosus (global investment group) on Tuesday cut around 800 jobs globally.According to publication TechCrunch, the move comes as the company begins to phase out activities of its automotive business arm Olx Autos in several areas after a lengthy search for potential buyers and investors."Earlier this year, we made the strategic decision to exit the Olx Autos business and potential buyers or investors have been explored since then," the company was quoted as…

Connected vehicles, and especially AVs, are safer than vehicles driven by humans. In fact, 90% of motor vehicle accidents are due to human error.The term ‘connected car’ is a broad one; there are several arms to this rapidly evolving technology. In its simplest form, any car outfitted with internet accessibility is termed a connected car. In the Indian auto market, this term was first popularised by MG Motors when it launched the MG Hector. Hector’s badge on the rear…

Improve Article Save Article Like Article Improve Article Save Article Eligibility: CS/IT-related branchesMinimum 65% in Academics(X, XII)Minimum 6.5 CGPA with no standing arrearsOnline Assessment – Codility test (Time Duration – 1:30 hrs)Number of Questions asked – 3 Number of attempts to submit a problem – 1Difficulty level – 1 easy, 1 medium, 1 hardAfter the OA round, 38 students were shortlisted for the interviews.Interview Rounds:Round 1 – DSA Round – (Time Duration – 1:10 hrs): Questions related to projects Web…

Many of us have been in a situation where someone gets us a gift card as a present, but we don't find anything useful on that particular store. We then end up buying something out of desperation or the card gathers dust until the expiry date arrives and eventually heads to the trash can. This doesn't always have to be the case because there are ways to exchange your gift cards for cash.Things to remember before selling your gift cardBefore we go into detail and tell you how to sell your unused gift cards, there are a few…

Image Source : OLA Ola shuts down Ola Dash  Ola, a ride-hailing platform has shut down its used vehicle business whcih was called as 'Ola Cars' as well as 'Ola Dash'. The quick-commerce business from Ola, took the decision at a time when Indian companies are pouring money into the 10-15 minute grocery delivery market. The organization has shut Ola Cars within one year of its launch, as it focuses on its electric two-wheeler and car verticals. Furthermore, Ola has further shut down Ola Foods, food panda, Ola Cafe, …

Buying used cars from online portals has become a lot easier and more popular in recent times. However, it has also added to the risk of online fraud and errors, the consequences of which are only faced by the end-user. Something along these lines was experienced by Shamsher Singh from Dheera Ghara village, who ended up having an unfortunate connection with the recent incident of Punjabi Singer-Politician Sidhu Moosewala in broad daylight. According to Punjab Police, the killers of the singer used a car to follow him…