Bombay High Court bars taxi unions from disrupting Uber’s operations

For-Ola-Uber-Illegal-Ride-sharing-Story_ThinkstockPhotos-85451628US-based Uber Technologies Inc’s India subsidiary Uber India Technologies Pvt. Ltd has obtained a restraining order from the Bombay High Court that prevents dissenting taxi union bodies from disrupting its operations in Mumbai. Mumbai’s taxi unions had threatened to go on strike on 21 March. However, the strike has been called off following the court […]

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Do Uber drivers make more than the average software developer?

Amit-JainOn Friday, Uber India head Amit Jain sought to dispel the simmering discontent among its drivers over falling earnings and shrinking incentives, but he may well have stoked the fire instead. In a blog post titled ‘Driving with Uber: Setting the record straight’ that carried five “frequently asked questions”, Jain has claimed that 80% of […]

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Forest fire blazing through Indian startup ecosystem: Inventus’ Kanwal Rekhi

Kanwal-Rekhi_feKanwal Rekhi, co-founder and managing director at VC firm Inventus Capital Partners, has been a known sceptic of the capital-intensive model of India’s e-commerce companies. At the News Corp VCCircle LP Summit 2017 in Mumbai, he was in sublime form, mincing no words when quizzed about issues plaguing the country’s leading consumer internet companies. Speaking […]

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K’taka HC bars protestors from stopping Uber cabs; strike may spread to Mumbai

K'taka HC bars protestors from stopping Uber cabs; strike may spread to MumbaiUS-based Uber Technologies Inc’s India subsidiary Uber India Technologies Pvt. Ltd has obtained a restraining order from the Karnataka High Court that bars protesters, including union leaders and members, from blocking and stopping the company’s cabs. “The Hon’ble Karnataka High Court has issued an injunction restraining unions, their leaders, members and their followers from preventing […]

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Ola raises $330 mn in fresh round led by SoftBank: Report

Untitled-2_feBengaluru-based cab-hailing firm Ola, run by ANI Technologies Pvt. Ltd, has raised $330 million (Rs 2,200 crore) in fresh funding led by existing investor SoftBank Group Corp, a media report said on Monday. Citing sources it did not identify, Business Standard reported that the Japanese tech giant and two other existing investors participated in the […]

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Ola, Uber drivers begin indefinite strike in Bengaluru; services paralysed

ola-uber-feNearly 90% of the one lakh cab drivers associated with taxi-hailing companies Ola and Uber are taking part in an indefinite strike in Bengaluru, bringing the app-based taxi services to a grinding halt in the city. The protesters demand better incentives and relaxed work hours and call for an immediate decision on stopping attachment of […]

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Former Fidelity India executive Pratul Chopra joins Flipkart

Pratul-Chopra_feThe founder of carpooling app iRideShare and former head of marketing analytics at Fidelity India Pratul Chopra has joined Flipkart’s senior leadership team. At Fidelity, Chopra had worked under Nitin Seth, former country head of Fidelity in India and currently Flipkart’s chief operating officer. Chopra joined on Monday and will be part of strategy deployment. […]

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Uber, Ola clock half a billion rides in 2016, says RedSeer

OLA_UBER_JUNAID_FRide-hailing companies Uber and Ola carried out approximately 500 million rides in 2016, according to a report by RedSeer Management Consulting, a Bangalore-based consultancy firm. The number of rides by ANI Technologies Pvt Ltd-backed Ola, and US-based Uber Technologies Inc’s India subsidiary Uber, is up almost 300% from 130 million in 2015. “2016 was a […]

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Ola, Uber drivers go on strike in Bangalore as talks fail; one attempts suicide

IMG-20170216-WA0007As the latest round of talks between driver representatives and cab-aggregators failed, drivers associated with taxi-hailing companies Ola and Uber have launched a fresh round of agitation in Bangalore. One of the protesters attempted suicide outside Ola office by consuming poison. He has been rushed to hospital and is being treated at the ICU at […]

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