According to company executives, the situation might worsen in the coming days.
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Ola competes with Uber Technologies in India.
100,000 cabs and 45,000 autorickshaws would be plying on the Delhi-NCR routes to handle the rush.
An industry source said the funding was part of an overall $500 million the company is planning to raise, which will value Ola at around $5 billion.
Ola Cabs, which started out in 2010, has raised over $1 billion of funds.
Delhi Chief Minister Arvind Kejriwal says surge pricing is daylight robbery and no responsible govt can allow that.
Mass mobility in India is in a race when the light turns from yellow to green. Just that this moment has lasted three years. The renewed enthusiasm, however, indicates that the lights may finally be about to change, says Patanjali Pahwa.
The state governments of Karnataka and Maharashtra have also moved to exert more control on app-based taxi aggregators.
For now, Bounce, Shuttl, Fab Hotels, Instamojo, Zomato, Curefit, and HealthifyMe, among others, are going for salary deductions. Most of the consumer internet start-ups, besides those who are in the grocery delivery, education tech, and video conferencing business, would ultimately lay-off people and cut back salaries.
Delhi and neighbouring Noida in Uttar Pradesh, too, are studying Gurgaon's no-car Tuesday model.
Second hand goods are catching up with customers on renown shopping websites.
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
'My simple instruction to every IBM salesperson is, "When you go to the customer, use less of this (he points to his mouth) and more of this (ear)".' 'Talk less, listen more",' Karan Bajwa tells Raghu Krishnan.
As an entrepreneur the most important quality you have to have is that all consuming passion to become an entrepreneur.
A number of Xooglers are employing lessons and practices learnt during their stint at Google to branch out into innovative ventures.
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