The problem is major, and the problem affects hundreds of millions of people. Ignoring it must have a sound reason. Ignoring it must in some way be more important than addressing it, notes Aakar Patel.
Even the well heeled in metros find it difficult to go completely digital. Cash withdrawals from ATMs are back at the same level as they were before demonetisation
Drawn in by fuzzy promises about unleashing the entrepreneur in each of us and the benefits of being one's own boss, people find themselves instead oppressed by an algorithm, notes Rahul Jacob.
The Code on Social Security, 2020 gives a lot of comfort to gig firms which recognise cab drivers or food delivery executives as 'independent contractors' who directly do business with customers with the help of their digitised platforms.
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.
Bird Group's executive director Ankur Bhatia died on Friday at the age of 48 following a massive cardiac arrest.
Google has partnered with cab operators Ola and Uber, and a user can seamlessly book a cab with just one tap. This service is available in 27 cities across India
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Ola competes with Uber Technologies in India.
IIT Roorkee has so far seen the highest domestic salary rise Rs 80 lakh, up by a third from Rs 60 lakh last year.
With funds from SoftBank, Delhivery plans to rapidly scale up its reach from 15,000 pin codes to 20,000 by the June quarter of 2019-20.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
Supercars are being offered up for free drives in a new campaign by an online portal.
Education technology, grocery, fashion, food delivery and UPI payments surpassed volumes or revenues of February, in the September-October period.
Oil marketing companies IOC, BPCL and HPCL have invited expressions of interest from start-ups that wish to be enrolled as fuel entrepreneurs for doorstep delivery of high-speed diesel through mobile petrol pumps.
Blablacars enables private cars to seek fellow passengers for inter-city commute.
'Wage earners are shrinking. In both, the organised and unorganised sectors. And, entrepreneurs are growing.' 'But the increase in entrepreneurship is of a kind that does not create salaried employment or daily wage employment,' says Mahesh Vyas.
Predatory pricing petitions against Ola, Uber were filed from across cities.
The US Trade Representative's (USTR) office will also conduct the Section 301 probe against nine others, including Austria, Brazil, Indonesia, Italy, Spain, Turkey, the Czech Republic, the UK, and the EU, for levying or considering digital services taxes "discriminating against US companies".
The Securities and Exchange Board of India (Sebi) has mulled introduction of confidential initial public offering (IPO) filings and "pre-filing" of offer documents, a move aimed at giving issuers flexibility and alleviating concerns around privacy. Industry players said the concept, if implemented, would give a fillip to the domestic capital markets, ease the process and encourage more companies to go public. To be sure, the proposals are still at a discussion stage with Sebi just floating a consultation paper seeking public feedback.
'People will say a lot of things -- ignore the noise.'
Once the 21-day lockdown is lifted, which may happen in phases, those who have been contemplating purchasing a car may actually do it, said analysts. Thanks to social distancing norms and rising hygiene awareness, daily commuters may ditch public transport and shared mobility solutions like Ola and Uber. Many are likely to prefer the confines of a car over roughing it up in crowded public transport services such as a metro, local sub-urban trains and buses, they said.
'The impact of economic shocks on the labour markets is usually on the young who delay their entry in response to a fall in job opportunities,' says Mahesh Vyas.
A summary of sports events and persons who made news on Sunday
Returning to action after a break, double Olympic medallist P V Sindhu saw off Turkey's Neslihan Yigit in straight games to join compatriots Kidambi Srikanth and Sameer Verma in the second round of the Denmark Open in Odense on Tuesday.
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.
The Ola Money and Uber tie-ups demonstrate how insurance companies, including even government-run ones, are forging partnerships with every possible service company to offer products.
Gig workers are usually spoken of in the context of the sharing economy, like Uber, Ola drivers, delivery persons for Zomato and Swiggy and so on. This is the first time such workers will be covered under India's social security law.
With regard to his investment in Ola, Bansal said that on the one hand, the ride-hailing major had emerged as a global force in the mobility space and on the other it continued to build deeper for various needs of a billion Indians through its platform. This is the largest funding by an individual in the app cab.
Though Sindhu decided against travelling to Denmark, she plans to participate in the Asia Open-I and Asia Open-II scheduled to be held in November.
The deal brings the two start-up stalwarts - Bansal and Ola co-founder and chief executive officer Bhavish Aggarwal - together in the backdrop of growing foreign control in this space.
When defending champions Australia compete in the Women's Twenty20 World Cup final in Melbourne on Sunday, they will earn the same as their male counterparts would - in stark contrast to their rivals, India. In cricket-mad India, male players are revered as gods, paid handsomely and showered with lucrative endorsement deals, from watches and shoes to snacks, headphones and even toothbrushes. The women barely get a look-in.
They would only be allowed in the academy after they produce COVID-19 negative certificate, the SAI said in a release.
While Star was expecting around Rs 1,800 crore as ad revenues from the television and digital media, it may end up getting Rs 1,500-1,600 crore now, after factoring in the washouts and India not being able to reach the final.
P V Sindhu, will have to punch above its weight to salvage any hopes of a medal after being handed a tough draw in the badminton event at the 18th Asian Games.
A draft policy will be issued for public consultation in the coming weeks.
Chinese bicycle sharing giant Ofo launches service in seven Indian cities.
Summary of sports events and persons who made news on Tuesday.
E-commerce companies that fall within the scope of the equalisation levy include Adobe, Uber, Udemy, Zoom.us, Expedia, Alibaba, Ikea, LinkedIn, Spotify, and eBay.
As we celebrate International Women's day on March 8, meet the Indian sportswomen who have made the nation proud with their superlative performances in the sporting arena.
Falling valuations, slowing funding rounds and faltering investor sentiment seem to have prompted many start-ups to lay off employees in a bid to conserve cash. The latest to do so is SoftBank-backed Cars24, a leading e-commerce platform for pre-owned vehicles, which has laid off over 600 staff, according to sources in the know. The move, they said, is aimed at conserving cash amid cautious investor sentiment and a slowdown in funding.
