Around half the value of the mark-downs is due to the Japanese currency's appreciation against other currencies.
Do you think the government should interfere in the pricing policy of Ola and Uber? Tell us.
Forest were good value for the win, though Ipswich came close to opening the scoring midway through the first half.
Ratan Tata was one of the world's most influential industrialists yet he never appeared on any list of billionaires. He controlled over 30 companies that operated in over 100 countries across six continents yet lived an unpretentious life. Ratan Naval Tata, who died at a Mumbai hospital on Wednesday night at the age of 86 years, enjoyed a perhaps unique status -- a corporate titan who was considered a 'secular living saint' with a reputation for decency and integrity.
Uber started its business three years ago in India and is now operating in over 20 cities with thousands of cab drivers.
As Kolkata marches towards modernity, it is hard to imagine its streets without these cabs, notes Air Commodore Nitin Sathe (retd).
Protesters on Twitter have begun asking people to boycott Ola's service, as mark of disagreement with the company's views
The firm is fighting a court battle over new rules that mandate licensing & cap fares that remove surge pricing.
Both are focused on the overall transportation business, in which taxi services are only a part; the extended ambit includes autos, motorbikes, cycles, electric vehicles, water transport as well as food delivery services, says Surajeet Das Gupta.
The news of markdowns in the value of Ola and Snapdeal comes at a time when both companies are in talks with investors to raise fresh funds to take on deep-pocketed competition.
The past few weeks have been rough for both Ola and Uber companies, dodging fire from almost all corners.
Tamil Nadu -- often dubbed as India's own Detroit due to its thriving automobile manufacturing ecosystem -- is in no mood to miss the EV bus either. Recent developments attest to it. Vietnamese electric vehicle (EV) maker VinFast has promised a $2 billion plant in the southern state. And as promised earlier, the work on Tata Motors-JLR plant will kick off next week, on September 28, after the foundation stone laying ceremony.
The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around Rs 60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies planning to launch initial public offerings (IPOs) during October-November, they added. Together, these firms are looking to raise Rs 60,000 crore through their IPOs.
The 86-year-old Congress leader had been suffering from various ailments, sources in Medanta Medicity said.
Parliament was adjourned for the day on Monday after paying tributes to Union Minister Sis Ram Ola, who died on Sunday after prolonged illness.
The Association, which claims to represent around 125,000 app-based taxis in the the Delhi-NCR, demands that fares be increased from existing Rs 6 per km to around Rs 20 per km.
Ola Cabs acquires TaxiForSure in $200-mn deal.
Delhi Chief Minister Arvind Kejriwal says surge pricing is daylight robbery and no responsible govt can allow that.
Electric mobility in India is touted to be the way to the future, but implementation of large-scale projects to bring infrastructure for charging is still lacking.
Anupam Mittal, the fund man behind OlaCabs has lined up more investments.
Initially it will procure only e-rickshaws and e-autos for leasing to operators
The investments by Uber and Ola included setting up kiosks, incentivising drivers for parking at the railway stations, and payments to the Indian Railways.
The police have detained seven persons on charges of rioting following the incident.
JD(S) will help them build a competing app, which, will work on a cooperative model, where drivers will own the app and will decide prices which the customers will have to pay
The Ludhiana-born engineer is among the youngest entrepreneurs on TIME's 100 most influential people.
Yes Bank and Ola launched a mobile ATM service where customers of any bank can withdraw up to Rs 2,000 per card from PoS terminals
'The people of India have shown immense faith in the Tata group as they have never broken the trust of Indians.'
Car makers see a dip in demand from their biggest buyers, Ola and Uber. Demand from aggregators weakened for a number of reasons after a strong growth last year.
Uber on Tuesday said it is laying off about 600 employees in India -- about a quarter of its staff in the country -- as business has taken a major hit amid the COVID-19 pandemic. The development comes days after rival Ola had announced laying off 1,400 people from its rides, financial services and food business.
The strike has been called by the Maharashtra Navnirman Vahtuk Sena, the transport wing of the Raj Thackeray-led Maharashtra Navnirman Sena, which claims that several drivers of these cabs are not able to cover costs due to the falling business.
Ola and Uber have committed to spending Rs 15,000 cr to win the taxi market.
The total number of demat accounts in the country stood at 171.1 million as of August 31.
Uber is suing Ola for $7.5 million to compensate for lost revenue and goodwill, alleging the Indian market leader created about 94,000 fake user accounts with the ride-hailing service and used them to make more than 405,000 false bookings
The company did not disclose the valuations at which funds were raised.
State govt asks the two taxi aggregators to end surge pricing.
Bandhan expects to have a loan portfolio of Rs 14,500 crore.
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'.
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.
The government's decision to stop surge pricing by app-based taxi companies Uber and Ola ignores the basic principles of economics to appease a vocal section of the vote bank.
App-based taxi aggregator Ola is in talks to raise fresh funding of up to $400 million.
