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.
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.
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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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.
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.
More companies with unconventional business models to get into messy legal hassles in India.
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."
'These reports of cases being very low in other states, is it true? Are the numbers believable?'
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.
Ola was supposed to expand to the Netherlands, Kenya, Dubai, Israel, and Brazil.
Due to unavoidable circumstances, Kishore Singh is forced to become an Uber convert.
Will space tourism with a niche market of serving only the uber-rich ever be profitable, asks Kumar Abishek.
Most Indian start-ups and e-commerce are largely funded by foreign investors
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.
A week after a young executive was allegedly raped by Uber cab driver Shiv Kumar Yadav in New Delhi, Nidhi Shah, who lives in the United States has come forward, saying she had filed a complaint with the cab company against the same driver.
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.
India on Sunday dethroned defending champions and 14-time winners Indonesia
The Sikh taxi driver was assaulted by an unidentified man, who knocked off his turban and also used expletives against him.
Wayward employee behaviour at Uber and Infosys highlights the risk to corporate reputations.
Passengers complained that they had to wait a long time for Ola and Uber cabs, and added that those were available at inflated rates.
Twenty unions of autos and taxis have formed a Joint Action Committee, which has called for the indefinite strike.
Ola said it will not charge commission from drivers for the first two months after the launch, allowing them to retain 100 per cent of their earnings from the platform.
Sukanya Verma shows us some eye-catching instances.
The climax of every episode has been stupendously well crafted. You will be left shocked and wanting to know more.
Tara Sutaria and Ananya Panday up the glam quotient of Hello! mag.
P V Sindhu and Lakshya Sen sailed into the second round but it was curtains for Saina Nehwal and Kidambi Srikanth on a mixed day for India at the French Open Super 750 badminton tournament in Paris on Wednesday.
Industry watchers say while it's completely possible for a firm like SoftBank to step in and take control of Ola, it's usually one of the least favoured options.
A grouping of Indian and Indian-origin professionals working with tech giants like Google, Uber, Amazon and Facebook have written an open letter against the new religion-based citizenship law and the planned national register of citizens, terming them as "fascist". The letter by 'TechAgainstFascism' on online publishing platform Medium also urged the leaders to refuse to shut off the Internet at the "government's whim" and to ensure that content moderation is not skewing pro-government.
Hyundai, which is also toeing Maruti's lines, said special schemes are offered to engage the cab aggregators, including annual-maintenance-contract packages and extended warranty.
The police have detained seven persons on charges of rioting following the incident.
'What India needs isn't propaganda, manipulated news cycles & foolish theories about millennials, but a concrete plan to #FixTheEconomy that we can all get behind,' Gandhi said in a tweet.
Swiggy had in June entered the elite Unicorn club after raising $210 million from a group of investors
The list of what you can and cannot do with this phone is intriguing.
Why hasn't India produced a single earth-shaking idea like Python or the World Wide Web, asks Ajit Balakrishnan.
Veterans in the travel industry, a well-known corporate lawyer, and a marquee US-based hedge fund have backed the upcoming low-cost airline Akasa Air. Founded by former Jet Airways chief executive officer (CEO) Vinay Dube, the venture counts ace stock trader and investor Rakesh Jhunjhunwala as its biggest financial backer with an investment of around Rs 300 crore. A person with knowledge of the development said most of the people were well known to Jhunjhunwala and Dube, who approached them during the conception stage.
Over the past week, several unusual partnerships among start-ups, traditional businesses and hospitals have been announced, and several more are likely to materialise soon. The trend could see increased importance of gig workers, who are taking considerable risk to deliver goods to people in the time of a pandemic.
'Ola in India makes money on every ride. Our focus over the past couple of years has been to keep growing the market and our share in the market and build up on sustainable business,' says co-founder and CEO Bhavish Aggarwal.
HR Guru Mayank Rautela offers practical advice.
