Ola Cabs CEO Hemant Bakshi steps down

Hemant Bakshi, CEO of Ola Cabs, has stepped down from his position after just four months, according to a report by Moneycontrol.com. The ride-hailing company, a subsidiary of ANI Technologies, is said to be preparing for a restructuring effort that could affect around 10% of its employees, approximately 200 people, as per sources familiar with the situation.