Ola Acquires TaxiForSure for Rs 1240 Crore

Mobile app cab service Ola (formerly known as Olacabs) has acquired rival TaxiForSure for $200 million or Rs 1240 crore ($1=Rs62), the company announced on Monday. The move is likely to pose stiff competition to other mobile app-based cab providers Uber and Meru. "With this deal, Ola, which is already the market leader in the personal transportation space with over 1-lakh vehicles on its platform, has further deepened its footpr...