The sharing and renting economy sees a bloom amidst the slowdown
The sharing and renting economy appears to be steadily growing among millennials averse to acquiring assets.
Algorithm versus small businesses: an unequal battle
Studies suggest that customer’s behaviour has now been shifted to need-based decision ra...
Ola Electric gets former president of Hyundai, India on board
India has been actively pushing for a shift to electric vehicles in its pursuit...
Sachin Bansal invests Rs 888 cr more in his venture Navi Tech
Navi Technologies has made a profit after tax of Rs 1.9 crore on revenue of Rs 16 crore for the financial year ending March 31, the filings show. Bansal, who has been actively investing in startups for a few years, has focused on financing through debt in the past year.
E-tailers meet data panel, show varying flexibility on sharing data with government
Ecommerce companies Amazon, Walmart-owned Flipkart and Snapdeal presented views on possible data localisation, sharing aggregate customer data with the government and potential data portability on Tuesday.
Ola and Uber look beyond cab hailing to drive growth
Both mobility platforms are expected to bank on bike taxis and rentals to shore up ride numbers.
SBI plans to sell 14% stake in card unit’s IPO, raise Rs 8,000 crore
It is the second largest credit card company in India with a card base of 9.5 million after HDFC Bank, with over 13 million.
Ola, Uber to deactivate surge pricing during odd-even scheme in Delhi
"We want to do our part in ensuring movement around the city is easy during the odd-even phase and have decided to deactivate dynamic pricing for the duration." an Uber spokesperson told PTI last month.
Ola in talks with Microsoft for $200 million funding
Ola, which has about 200 million riders on its platform across India, the UK, Australia and New Zealand, had recently announced setting up of a research unit in the Bay Area to focus on new areas like e-vehicles and connected cars.
Daimler mulls slashing 1,100 senior jobs: Report
German luxury carmaker Daimler plans to cut 1,100 management jobs worldwide in fresh efforts to cut costs as it grapples with expensive recalls and a slowing global market.
Bull run for private technology funding market coming to an end: Softbank's Deep Nishar
Nishar said the debacle at WeWork, which SoftBank bailed out with a $9.5 billion cash injection, was an extreme case of dissonance between private, and what would have been its public market valuation.
UberEats India devours firm's global numbers
Uber's total revenue rose nearly 30% to $3.81 billion, while net loss widened to $1.16 billion in the quarter ended September 30, the company said in a statement.
CCI okays Hyundai, Kia's stake buy in ANI Technologies, Ola Electric
"The Commission approved the proposed combination subject to the carrying of modifications proposed by Hyundai Motor Company and Kia Motors Corporation," the CCI said. The proposed transaction does not give rise to any competition concerns.
Uber India collective loss to hit Rs 3.8k crore
Negative revenues could be caused by commission revenues being lower than the cost of delivery, high refunds to consumers and UberEats paying restaurants for the food which they are not themselves giving discounts on, those tracking the space said.
Delhi odd-even scheme: Cab drivers plan stir on November 11
"This time there is no surge pricing during the oddeven scheme and cab drivers have to bear the brunt of it as they are working very hard but unable to earn any extra money. In fact, the drivers are running their cabs at peak hours with high traffic but getting the usual fare," said Kamaljeet Gill, president of Sarvodaya Drivers Association of Delhi.
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