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.
ANI Technologies, the parent firm of Ola, indicated that its liability is limited to Rs 1,000 only and it can change the terms without giving any notice to its users, according to Business Line.
Kotak said that it’s too early to write off the sector given medium-term positives like favorable demographics. However the year 2016 was not good for FDI inflows into the startup sector.
uberMOTO currently charges Rs 5 per km and a minimum fare of Rs 10. Moneycontrol experienced the ride and here's what it found...
On June 21, the company’s board fired its CEO and co-founder Travis Kalanick.
Leasing of cabs will now attract a tax of 29-43 percent GST - depending on the car – compared to the earlier tax levy of 14.5 percent. Cab leasing programs of both Ola and Uber are likely to take a hit.
The court also observed that the services provided by Uber were "fantastic".
Metropolitan Magistrate Abhilash Malhotra listed the matter for the next date to seek clarifications, after which it would reserve the order on the petition seeking summoning of the firms as accused.
India's cyber security agency has yet to receive any reports of a latest ransomware attack hitting computers there, its boss told Reuters on Tuesday, after a Swiss government agency identified India as one of the main victims.
Younger startups could refrain from calling themselves - an Uber of xyz, a connotation very popular among companies trying to aggregate local businesses.