Uber said it is conducting a full audit of its verification, rider feedback and support processes apart from assessing its driver screening processes, Ola is getting GPS installed in all its partner taxis.
The Bengaluru-based firm competes with US rival Uber whose lukewarm IPO last year has contributed to the lag in valuation trend among the unicorns across the Indian start-up ecosystem.
From extraordinary designs to innovative styling techniques, this three-day fashion show held in New Delhi had it all.
Employees are finding the 9 to 5 work cycles engaging anymore and are looking for greater flexibility, more challenging work, and new learnings.
Wayward employee behaviour at Uber and Infosys highlights the risk to corporate reputations.
As many as 81 per cent people support having rules for consumer e-commerce, but want more services-based platforms to have more clearly defined roles, a survey by community social media platform LocalCircles has found. The survey asked respondents to answer questions based on the recent draft Rules proposed by the ministry of consumer affairs. The responses found 81 per cent consumers wanting sales of products and services over electronic or digital networks to be governed by a set of electronic commerce rules.
Ace Indian women's doubles player Jwala Gutta has pulled out of the prestigious Asian Games after sustaining a sprain in the right knee ahead of the multi-sport event in Incheon, Korea.
BigBasket co-founder Abhinay Choudhari has exited the company, and in his next entrepreneurial journey, he is looking to "solve another equally painful chore for many Indian households" after grocery shopping. The Tata group acquired a majority stake in the online grocery store in May. And when the deal happened, Choudhari decided he won't continue to be part of the management team.
Nilekani said new-age technology markets work on a winner-takes-all basis.
Indian businesses in the US have created about 91000 jobs in the US.
The company has announced a global tie-up with San Francisco-based Uber.
Both Indian firms have been in talks with investors for nearly a year to raise fresh funds of as much as $ 1 billion, but with little success so far.
The amendment comes within a month of web-based taxi companies being banned in Delhi, after a taxi driver on Uber's network allegedly raped a finance executive early this month.
The fresh funds would be used for expansion of Meru's network.
Digitally driven businesses have cut short the time to market significantly.
Massive crowds thronged liquor stores, more vehicles plied on roads and cab-hailing platforms resumed services as India entered the third phase of the lockdown on Monday with further easing of curbs except in containment zones in the shadow of the highest rate of recovery yet from coronavirus.
In India, many cities lack bicycle lanes and proper pavements. This, coupled with heavily congested roads, creates a danger to cyclists. Furthermore, the low costs of bicycles may make it more economical to buy than to rent.
Cab aggregator Ola is laying off 1,400 staff from rides, financial services and food business as revenues declined by 95 per cent in the last two months due to coronavirus pandemic, a note by CEO Bhavish Aggarwal said. In an email to employees, Aggarwal made it clear that the prognosis ahead for the business is "very unclear and uncertain" and the impact of this crisis is "definitely going to be long-drawn for us".
Sales of Apple's smartphones in China have suffered a setback.
The global billionaire population reached a record 2,325 with the addition of 155 new billionaires in 2014, registering a rise of 7 per cent from 2013.
Around half the value of the mark-downs is due to the Japanese currency's appreciation against other currencies.
With Ola Corporate, aims to provide services to 10,000 firms by next year
'There is a degree of civility, efficiency, cleanliness and cultural ease here that has all but vanished in the squalid, chaotic and rootless Hindi heartland,' says Sunil Sethi.
A total of Rs 396 crore has been mopped up, as on August 20 against Rs 407 crore collected in the same period last year. This was despite the expansion of the levy to online e-commerce players from this financial year.
UB Group Chairman Vijay Mallya is no longer a member of India's 100 Richest club, even as fortunes of the country's uber-rich have seen a significant growth since last year.
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
The teenager's simple idea to solve a problem has been developed into an app which launched July 18 in Mumbai.
A driver, working for US-based cab service provider Uber, was remanded in police custody for three days by a Delhi court for allegedly raping a 27-year-old woman executive in New Delhi on Friday night.
Rakul Preet Singh shares some important life lessons in an interview with FHM.
After a recent spate of big-bang funding of food discovery and delivery apps, experts believe the sector's consolidation might be over and the remaining players are here to stay and thrive.
Currently the average expected time of arrival for Ola vehicles is five minutes.
From mass layoffs to acquisitions, here's how the Indian start-up industry kept us on our toes.
India's badminton doubles specialist N Sikki Reddy on Saturday heaved a sigh of relief after returning negative for COVID-19 barely two days after testing positive for the contagious disease, saying she was "shocked" by the not-so-kind reactions her initial result attracted.
The move is prompted by the disruption in the car usage pattern caused by the app-based ride-hailing companies such Ola and Uber
The Australian government had announced that anyone arriving in the country from overseas will be forced to self-isolate for 14 days starting Sunday midnight (March 15) in a bid to contain the spread of the novel coronavirus. However, a lot of citizens are confused regarding the working of the precaution.
The logic of deregulation was that the consumer was protected no matter what the price of crude. But now the reverse has happened. The government is protected no matter what the price of crude, observes Aakar Patel.
National camp to resume on Monday.
'Do not get into the calculations that you see on television...Oh if you are looking at $5 trillion economy, the country will have to grow at 12 per cent, today it is growing at 6-7 per cent'
Indian farmers practise an agro-silvo-pastoral system and that livestock is a crucial part of their economy. Taking away the meat would demonetise their assets. It would kill their income, says Sunita Narain.
The report however noted that the migration of super rich from China and India is not a "concern".
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