In a setback to US-based online cab service provider -- Uber, the Delhi government has rejected again the company's application for licence to run its taxis in the national capital.
The ban on app-based taxi services will continue and vehicles violating it will be seized, the city government on Tuesday submitted in the Delhi High Court in New Delhi while Uber India Systems Pvt Ltd withdrew its plea against the December order stopping its operations.
With the 21 unicorns collectively valued at $73.2 billion, India is the fourth biggest in terms of unicorns, behind the US, China and the UK, as per the Hurun Global Unicorn List.
The incident took place at around 4 am on Monday when Nuruddin, an Ola cab driver, was thrashed by six people, including two women of African origin, after he refused to carry more than four passengers in his vehicle.
The company is a facilitator of taxis (therefore an intermediary) and is best governed under the IT Act said Neeraj Singhal, Uber's head of expansion in India.
SoftBank's investments in the past two years include $627 million in online-retailing marketplace Snapdeal and leading a $210 million funding round in taxi-hailing app Ola Cabs.
A profession that has become quite lucrative with the advent of Ola Cabs, TaxiForSure and the likes, now hangs in the dark. Anita Babu and Itika Sharma report
Ratan Tata has invested an undisclosed amount in startup research platform Tracxn.
Flipkart co-founder Sachin Bansal on Friday took pot shots at Snapdeal saying India should not be blamed for the latter's failure to hire "great engineers".
The Kenyan national was not assaulted and the report lodged in this regard was false, Noida Senior Superintendent of Police Dharmendra Yadav told a press conference in Noida.
In a first in the country, online taxi aggregator Ola has today announced that it has deployed boats in water logged and partially submerged areas in Chennai.
The government is mulling blocking mobile taxi hailing apps of Uber, Ola and TaxiForSure all over the country, with the Department of Electronics and Information Technology seeking views from the Transport Ministry for the same.
The move follows after a warning by Chief Minister Arvind Kejriwal, who on Monday assured strict action, including impounding of cabs, if the app-based taxis were found charging more than the prescribed rates.
Over the past week, several unusual partnerships among start-ups, traditional businesses and hospitals have been announced, and several more are likely to materialise soon. The trend could see increased importance of gig workers, who are taking considerable risk to deliver goods to people in the time of a pandemic.
Anita Aikara/Rediff.com revisits her father's ancestral house in the backwaters of Kerala and shares some pics from her trip.
She was travelling in an Ola cab when unknown persons stopped the vehicle, pulled her out and thrashed her.
The controversy started a Twitter firestorm with many demanded the Ola to block his account. However, there were many who supported the man's 'right to choose'.
Ridlr will become a wholly-owned subsidiary of ANI Technologies, which owns Ola brand. Ridlr's team of 64 employees will now become a part of Ola.
Nikesh Arora has an engineering degree in electronics and worked for a brief period at Wipro, selling computers.
The investments by Uber and Ola included setting up kiosks, incentivising drivers for parking at the railway stations, and payments to the Indian Railways.
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The rape of a 27-year-old woman executive allegedly by a cab driver has shaken those who prefer cab-booking services like Uber, which charge premium rates on the promise of better services.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
The Ludhiana-born engineer is among the youngest entrepreneurs on TIME's 100 most influential people.
'While we may speculate about personality politics, the reality is that there are more important issues that drive the India-US relationship.'
How much do you know Russian billionaire Yuri Milner, who has invested $ 100 million in a project to find extra-terrestrial life?
Ola cabs impressive response to a rather partisan request from a Hyderabad-based customer has won a million hearts
His tryst with investing in start-ups began when his juniors started approaching him for guidance and capital.
The day-long statewide strike called by the Mumbai Autorickshaw-Taximen's Union, the largest auto union in the city, began from midnight demanding ouster of call centre-operated Uber and Ola cabs besides revocation of Maharashtra government's decision to scrap the Hakim panel on auto and taxi fares.
Ola Cabs, which started out in 2010, has raised over $1 billion of funds.
Just a few weeks ago, the Centre has come out with the long-awaited Motor Vehicle Aggregator Guidelines, which have drawn a dismayed response from the companies concerned.
There is an overwhelming sentiment among techies and entrepreneurs from the Silicon Valley who are eager to welcome Modi over the weekend.
As a tech services company, Ola has never been in hardcore manufacturing. And unlike in ride hailing, which is a two-player market (Uber is the only other competitor), in two-wheelers it faces many entrenched players. But most of all, rivals say Ola's targets are out of sync with most, even ambitious, projections.
Many online retail websites follow 'aggregator' model.
Delhi high court on Wednesday asked the city government why websites of app-based cabs cannot be blocked on a PIL alleging that these taxi services were operating despite the government banning them.
For the four new players, the spike in wealth is 126 per cent.
Cab aggregators caught between showing profitability to investors, increasing their network and dabbling in areas such as food ordering have seen a major blow to their primary business.
Your next ride via the Ola app in an auto rickshaw could be cashless.
He was illegally probing a 2014 Delhi rape case using the victim's medical records to find out if it was a ploy by Ola to sabotage Uber's operations
Be it for the organisation they work for, or for their own venture, if they believe in an idea, they work relentlessly towards it.
Nikesh Arora is one of the highest-paid business leaders globally.
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