NEW DELHI—ANI Technologies Pvt.’s ride-hailing service Ola is laying off hundreds of workers at a fellow Indian operator it bought last year, a sign of possible consolidation amid increased competition in the country from Uber Technologies Inc.Bangalore-based Ola last year acquired Serendipity Infolab Pvt.’s TaxiForSure for $200 million in cash and stock, saying the two companies would continue to operate separately. Ola said at...

Source: Wall Street Journal August 17, 2016 20:15 UTC