Boby Chemmanur group to invest Rs 250 crore in helicopter taxi service
The group will acquire ten helicopters on wet lease in phases to ferry people to tourist destinations.
Food aggregators aren’t restaurants’ enemies: Merrill Pereyra, MD Pizza Hut India
Merrill Pereyra, who has come from global franchise chain Q...
36 Ola, Uber drivers found with no licence in airport crackdown
In September, the Union Transport Ministry had increased the fine for driving...
PTC India selected as aggregator for powermin's 2,500 MW PPA scheme
PFC Consulting Ltd which is the nodal agency for this scheme, conducted the bid process again on December 27, 2019. The earlier bid process for phase II carried by NHPC in February 2019, was cancelled due to lack of response from state discoms.
Better incentives spike Ola driver logins by 10%
New structure, with average take rate of 20% for firm, gives drivers transparent view of earnings.
Bengali TV actress 'molested' by taxi driver on New Year's Eve, one held
The woman alleged that the driver had cancelled the trip moments after she got into the taxi.
Ola, Uber fees may be capped at 10% of total fare
This is the first time govt wants to regulate commission collected by such cos, which currently stands at 20%.
Realty sector: System-wide credit losses to lenders jump to 7.33% in June 2019
System-wide credit losses have jumped from 5.74% in June 2018, according to the RBI data.
Taxi policy guidelines: Cab surge pricing could be capped at thrice the base fare
Surge pricing will likely be restricted to certain times of the day and the total number of hours or rides when it is applicable may be limited, a government official aware of the development told ET. “On the issue of surge pricing, it is likely to be capped at thrice the base price but it has to be decided at what hours of the day it will apply,” the official said.
IDBI Bank in talks with Avenue Capital to sell stake in asset aggregator Arcil
Avenue will become the largest stakeholder if the sale gets RBI nod.
Xiaomi in talks to back bike taxi app Rapido
Rapido was founded by Aravind Sanka, Rishikesh S R and Pavan Guntupalli in 2015 and also counts Hero MotoCorp MD Pawan Munjal among its investors.
Tech norms for Account Aggregator ecosystem out
As per experts, the system would work with AAs onboarding customers on to their service platforms somewhat similar to how payment companies acquire customers through mobile applications.
Orders go down as Zomato & Swiggy raise delivery fees
Over the last six to eight months, the two dominant players have also started passing on restaurant packing charges and certain taxes to consumers and cut down on losses per order.
RBI raises aggregate exposure limit to Rs 50 lakh on P2P lending platforms
Industry insiders said these were precursors to Thursday's move. “We requested for a limit of ₹1 crore for investment but… at least RBI considered for an elevation to ₹50 lakh,” Ranjan told ET after the announcement.
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