Ola's cash reserves are starting to run dry. The company was in talks to raise $1 billion in funding by the end of July, but no announcement has been made as yet
High-end luxury brands are beginning to recognise the untapped potential in India. Import duties, however, are playing spoilsport.
A draft policy will be issued for public consultation in the coming weeks.
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.
'Why was Top Gun: Maverick made? 'And the only reason I can think of is that the new film was made to emphasise and re-establish Tom Cruise's superstar status,' notes Aseem Chhabra who watched the Top Gun sequel at its premiere in Cannes.
IIT Kharagpur gets more than 1,000 job offers in a record five days, with 144 companies visiting the campus till Dec 5
Srikanth said winning for the country was a big motivating factor for the team.
Presenting some stunning off-ramp looks we spotted on Day One of LFW. Take a look!
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.
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Ola competes with Uber Technologies in India.
India will take on traditional powerhouse China in the final match on Wednesday.
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.
Following an assurance from the state government that their grievances would be looked into, the strike -- which was to begin on Tuesday -- has been pushed back.
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.
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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.
Summary of sports events and persons who made news on Tuesday.
Shameem Akthar, yoga acharya trained with the Sivananda Yoga Vedanta Center, will show you four poses that will help you reach new levels of flexibility.
There are many things that Uber could and should have done when it started operating in Delhi, a city which is unfriendly to women -- but did not. It should have been able to more carefully track taxis that go off GPS, as happened in this case.
Researches reveal that many firms that employ H-1B workers directly, including some of the biggest names in the technology industry such as Amazon, Google, Microsoft, Apple, Qualcomm, Salesforce and Uber, pay a large share of their H-1B workers at one of the two lowest wage levels, Level 1 or Level 2.
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.
Nita Ambani exudes grace, warmth and power on the cover of Femina.
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.
Hari Narayanan shares his experience of travelling by an Uber auto to Coimbatore airport.
'These reports of cases being very low in other states, is it true? Are the numbers believable?'
India on Sunday dethroned defending champions and 14-time winners Indonesia
Mahindra launches e-mobility platform 'Glyd' to take on Ola, Uber. Targeted at office-going executives, it offers web-conferencing, curated entertainment and music content from selective partners.
Passengers complained that they had to wait a long time for Ola and Uber cabs, and added that those were available at inflated rates.
Rediff readers share their experience about taxis and autorickshaws in India.
The 16-year-old from Gujarat was rewarded for last year's stellar run, which saw her win titles in three junior international tournaments. It enabled her rise three places and take the top position in the BWF junior rankings.
Moody's Investors Service on Monday said it has assigned a first-time B3 corporate family rating (CFR) to ANI Technologies, which operates ride hailing service Ola. Moody's CFRs are opinions of a corporate family's ability to honour all of its financial obligations. It has also assigned a B3 rating to the company's proposed senior secured term loan.
The Sikh taxi driver was assaulted by an unidentified man, who knocked off his turban and also used expletives against him.
The apex body also advised "teams and participants entering tournaments during the European and Asian legs" to "not return to their home countries as many would then have to undergo a 14-day quarantine period upon their return."
The BWF also shared its Standard Operation Procedure with member associations, saying any breach "can result in accreditation being revoked and participants not permitted to enter the venue."
Will space tourism with a niche market of serving only the uber-rich ever be profitable, asks Kumar Abishek.
Sources said a merger could benefit both as Grofers' private labels business would be a draw for Zomato, as well as its experience in the online grocery delivery space.
Paytm recently partnered with 1,000 educational institutions over admission fee payment through the app.
Uber India has readied itself for another $500 million (Rs 3,300 crore) investment in the next three months.
Ola was supposed to expand to the Netherlands, Kenya, Dubai, Israel, and Brazil.
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.
