Mar 28, 2017 at 08:49 | Source: Moneycontrol.com
In a recent statement, SoftBank Group, which has invested up to USD 500 million into the cab aggregator, said it plans to introduce 1 million electric cars in a matter of five years.
Mar 24, 2017 at 08:21 | Source: Reuters
Uber had planned to buy 15,000 new cars last year and lease them out in a bid to attract more drivers - a strategy it has used in other markets - but it suspended the scheme for a while in December after leasing just a third of that total.
Mar 03, 2017 at 18:53 | Source: CNBC-TV18
Utoo has been operational in Chennai since October last year and has also made some headway in the Hyderabad market.
Mar 02, 2017 at 19:28 | Source: PTI
"In fiscal 2016, fleet sales, including to cab aggregators, accounted just about 9 percent of the passenger vehicles volume and this is expected to almost double to 15-17 percent by fiscal 2020," says the Icra report.
Mar 02, 2017 at 12:49 | Source: Moneycontrol.com
Uber CEOs argument with a cab driver in San Francisco echoes similar frustrations being felt by cabbies in a Delhi, Mumbai, Hyderabad or Bangalore. And there is no easy way out for lakhs of drivers attached with taxi apps.
Feb 27, 2017 at 19:26 | Source: PTI
Over one lakh drivers attached to two cab aggregators, who began an indefinite strike here from February 22 demanding better incentives and stopping attachment of new cabs, today sought Union Transport Minister Nitin Gadkari's intervention to solve the deadlock.
Feb 27, 2017 at 09:05 | Source: Moneycontrol.com
Ola, India's home grown online cab aggregator, has raised a fresh bout of funding with its existing as well as new investors. The cab aggregator raised funds to the tune of USD 350 million at a lower valuation of USD 3.5 billion, down from the highs of USD 5 billion it enjoyed earlier.
Feb 25, 2017 at 15:26 | Source: PTI
Billionaire Mukesh Ambani-led Reliance Industries has no plans to launch an app-based taxi service as the company sees no logic in diversifying into unrelated sectors.
Feb 24, 2017 at 18:08 | Source: Moneycontrol.com
The trading week gone by was only four days long. but there was a flurry of activity across IT, e-commerce and banking.
Feb 24, 2017 at 17:32 | Source: PTI
Food technology company Gorb today said it has partnered with cab aggregator Ola to offer food to consumers at discounted rates in Mumbai.