What perhaps turned the tide against Uber was the plight of the consumer.
The largest e-commerce entity of China is setting up its first India office -- an indication that it intends to capture a pie of the growing e-commerce market here. Raghavendra Kamath & Alnoor Peermohamed report.
Meru Cabs' founder says they were a traditional company.
The broader Nifty ended on top of 9,800 again.
From auto to watches, the mood is sombre due to the alarming state of the Indian economy and value erosion in stock market capitalisation.
There are about 600,000 taxis in India, generating combined annual revenue of about Rs 11,000 crore (Rs 110 billion).
The system has gone through three rounds of testing for its load-bearing capacity.
Engine snag forces IndiGo to ground 7 new aircraft
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.
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.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Even if the same party returns to power, what is important to debate is that having introduced an entitlement, how challenging it is to reverse such decisions, says Mukesh Butani.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
The Union Budget announcement of a minimum support price (MSP) that will be 50 per cent more than the cost of production has started a debate on the calculation of cost. Ramesh Chand, member, NITI Aayog, speaks to Sanjeeb Mukherjee on this and related issues.
'Why can't a country that builds and manages airports of acknowledged excellence at home and abroad produce passports of durable quality for its citizens?' asks Sunil Sethi.
While the Bongaon municipality accommodates 1,200 trucks, the rest are at the mercy of private parking lots, where contractors charge an upfront fee of about Rs 4,000 per day.
Earlier, its attempts to monetise properties, including the 22-storeyed Air India building in Nariman Point, saw lukewarm response.
There is a need to have a 'CEO for Mumbai' in order to realise the ambition of making it a global financial centre.
Prior to 2011, the company was in dire straits. But recent financial results show its fortunes are on the mend.
To revive the two state-run telecom operators, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the government is likely to waive the one-time fee these telcos need to pay for retaining additional spectrum.
SBI chairman Rajnish Kumar said Naresh Goyal would be eligible to bid for the airline when the lenders auction it next month.
"We refuse to grant any relief," the SC said.
Younger brother Surendra wants to re-invest his share in real estate and education
Those looking to take advantage of current market conditions should buy only after conducting due-diligence.
Even if you don't come in the filing bracket, it is the only way to claim refunds, get visa to some countries.
At a time when capital allocations to real estate are growing globally, investors are expecting transparency standards in real estate to be at par with other asset classes, says Anuj Puri.
The realty market has been reeling under declining sales, coupled with higher inventory, for the past two years.
With future prospects being difficult to predict, hiring for a short period is proving to be cost-effective
Not only young companies, even some established players are opting to function out of co-working spaces with an aim to quickly scale up their services. Sangeeta Tanwar reports.
The IIM-B's 'Karnataka innovation report' has become the basis for the Congress party's election narrative, particularly to distinguish it from the 'Gujarat model of development', reports Archis Mohan.
'Agriculture has been given the wrong kind of attention.' 'More innovations are needed for the sector to be successful,' says Devi Murthy of Kamal Kisan.
Drivezy is helping people share their vehicles.
Commercial vehicles witnessed a fall of 15-17% in November as buyers struggled to meet margin money requirements, reports Swaraj Baggonkar.
Tailored luxury experiences with the most minute of details charted out for discerning travellers is the way forward, says Nikita Puri.
'People can start making a safety net, and that safety net should be at least three months of your monthly salary.' 'If somebody is earning Rs 25,000 then s/he should have at least Rs 75,000 in her/his bank account, so that if anything like this (lockdowns) happens in the future, they are not struggling.'
Read the investor-developer agreement carefully before signing the cheque
Coca-Cola's acquisition of British coffee chain Costa, its biggest acquisition of a brand in history, faces three challenges in India.
With organic kitchen gardens, Goa's luxury holiday homes are raising the bar The ease of reaching the destination, the mix of party culture and quietude are some of the reasons why individuals are increasingly investing in Goa
The company brings its global campaign to India, looks for trust and a way to grow its business in the country
