In a tweet, the Competition Commission of India (CCI) said that it has approved share subscription in ANI Technologies by Copper Technology.
Algorithms of online taxi aggregators do not take into account the registration plates before calculating fares. The state of UP, for instance, never collects entry tax on its cabs, but it is collected from passengers as a Rs 100 'surcharge' by firms...
The premier service will have the best-rated Uber drivers, who have completed at least 1,000 lifetime trips and have repeatedly been acknowledged by riders, the company said.
Even though Softbank failed to merge Snapdeal and Flipkart last month, it will continue to explore consolidation among other portfolio companies.
As the situation worsened, social media was rife with the ire of distressed Mumbaikars who found themselves stranded in the rain as cab prices surged by at least three times their average.
Ola commuters will now have easy access to a vast array of LIVE TV options across categories such as news, music, and general entertainment through YuppTV on Ola Play, a release said.
Cab hailing firm Uber Technologies on Tuesday announced insurance coverage for its driver partners in partnership with insurance firm ICICI Lombard
Ola has also made multiple presentations to Karnataka IT minister Priyank Kharge to extend the e-vehicle services to the state.
The amount is likely to be around Rs 10 per kilometre above the base price but nothing has been finalised yet. Meetings are being held to iron out these issues
Government wants a conducive atmosphere for domestic cab aggregators with lean car fleet who find it difficult to enter the market dominated by bigger players like Ola and Uber
Ola is giving an opportunity to its riders to share their rides with ex-servicemen. The option will be available from August 14 to August 16
Ola runs a 'Ola Sainik' programme in association with The Directorate General Resettlement (DGR) under the Ministry of Defence to onboard ex-servicemen as driver partners on its platform.
The deal involves allotment of 1,71,173 fully and compulsorily convertible preference shares for a total consideration of Rs 231.44 crore, according to the company's regulatory filings with the corporate affairs ministry.
In the past, China's Didi Chuxing invested in in taxi aggregators including Lyft, Ola, Grab, '99' and Taxify.
A division bench of Justices R M Sawant and Sadhana Jadhav was hearing petitions filed by Uber India Ltd, Ola Ltd and six drivers plying cabs with these two companies challenging the Maharashtra city taxi rules implemented by the state government this year.
SoftBank, already invested in Indian online grocer Grofers and cab hailing firm Ola, tried for months to engineer a share swap transaction between Snapdeal and Flipkart, India's two main homegrown e-commerce companies.
Metropolitan Magistrate Abhilash Malhotra summoned ANI Technologies Pvt Ltd which runs Ola, Uber India Systems Pvt Ltd and Serendipity Infolabs Pvt Ltd which runs 'Taxi For Sure' and directed their authorised representatives to appear before it on December 11.
The markup confirms increasing interests of investors in Flipkart and Ola as they compete against global rivals Amazon and Uber
Also feeling the heat are many white collar professionals who had used this as an investment route to earn a side income.
The complaint said that the company accessed data from the UIDAI’s secure database through insiders
The idea is to give safety net to local cab companies, while having prices set by govt
It proposes hefty penalties for traffic violations, a ten-fold increase in accident compensation, check bogus driving license, vehicle thefts and regulate of taxi aggregators such as Ola and Uber
The company, which ran into huge losses due to entry of aggregators like Ola and Uber, plans to revive market share with aggressive investment in technology and taking fleet size to 8,000 vehicles.
Cab aggregator Ola has invested Rs 100 crore in its car leasing subsidiary, Ola Fleet Technologies.