Don’t miss the latest developments in business and finance.

Bengaluru airport may allow Ola drivers to wait in premises

Image
Press Trust of India New Delhi
Last Updated : May 08 2016 | 5:28 PM IST
Cab aggregator Ola is said to have partnered Kempegowda International Airport Bangalore (KIAB) to allow drivers on its platform to wait within the airport premises for picking up passengers.
Currently, drivers of taxi aggregators like, Ola and Uber are not allowed to wait within the premises at most of the airports.
According to sources, a Memorandum of Understanding (MoU) was signed between the two parties last month.
"Many times, cab drivers, including those from other radio taxi companies would create nuisance for drivers of taxi aggregators. As a result of this, Ola and Uber drivers are not available within the airport premises," sources said.
This extends the waiting time for passengers booking cabs through apps, they added.
Spokesperson from Ola was not available for comment, while response from KIAB could not be elicited.

More From This Section

* * * * * * * * * * *
Bharti Airtel ties up with Microsoft for cloud services * Expanding cloud services portfolio, telecom operator Bharti Airtel today said it has tied-up with Microsoft to provide a seamless and scalable private connection to enterprises.
"Bharti Airtel today announced the launch of Connexion, direct private connectivity to cloud, and announced its collaboration with Microsoft Corp for Microsoft Azure ExpressRoute," a company statement said.
"With Connexion - we are confident of helping customers seamlessly and more securely connect to Microsoft Azure, by bringing down their network cost substantially and improving performance", said Ajay Chitkara, Director and CEO - Global Business, Bharti Airtel.
* * * * * * * * * *
BookMyShow enhances experience for cinema goers * Ticketing platform BookMyShow aims to partner restaurants and food chains across 25 cities to offer offers and discounts to enhance user experience.
The company has already partnered about 100 brands in two cities -- Mumbai and Pune, where the service is currently live.
"We found that after a movie, people would look for eating options near the theatre and that's a good point of engagement. We are partnering with restaurants near these theatres to offer discounts and special offers for our customers. This service is all about user experience," BookMyShow Vice President (Business Intelligence and Marketing) Marzdi Kalianiwala told PTI.
BookMyShow has started this service in Mumbai and Pune and has already partnered 100 brands.
"The intent is to scale this up to 20-25 cities in the next one year and partnering 400-500 brands," he said.
These include local brands as well as chains like Subway and Cafe Coffee Day.
Currently, the service is available only to desktop users but the company will extend this to its app as well in the next few months.
Users, when the book their tickets, are given a list of offers and they can download the coupons for using at the outlet.
RBI shifts supervision of some urban coop banks to Nagpur
* The Reserve Bank of India today said it has shifted supervision and monitoring of select non-scheduled urban cooperative banks to Nagpur from Mumbai earlier.
The supervision location for urban cooperative banks whose head offices are located in Dhule, Nandurbar, Jalgaon and Solapur districts has been shifted from Mumbai to Nagpur with effect from June 7, RBI said in a release.
It said any correspondence about these urban cooperative banks should be addressed to its Department of Cooperative Bank Supervision, Nagpur office.
* * * * *
ICICI Bank adds new features to its mobile banking application * ICICI Bank has added new features under its mobile banking application to allow customers pay taxes, book rail tickets as well as clear cheque-based transactions.
"ICICI Bank has added five new industry-first features on its mobile banking app iMobile taking the total number of services that the users can avail of to over 150," said the bank in a statement.
Among other new features customers can apply for personalised debit card as well as buy travel, motor insurance and mutual funds.
********
NRL's first consignment of Type-II paraffin wax off to Kenya * Numaligarh Refinery Limited today flagged off the first consignment, comprising 60 MT Type-II paraffin wax, to Kenya's Rok Industries from the Refinery's Marketing Terminal.
The consignment was flagged off by NRL Director (Technical) S R Medhi in presence of the company's senior officials, an official release said here.
NRL's Wax Plant was dedicated to the nation on February 5 this year by Prime Minister Narendra Modi.
The 50,000 Metric Tonne (MT) wax plant worth Rs 676 crore was commissioned in March 2015 and is the country's largest wax producing unit with indigenous technology developed by IIP Dehradun, EIL and NRL.
********
CreditVidya raises USD 2mn from Kalaari Capital * CreditVidya, a financial technology startup has raised USD 2 million in funding from Kalaari Capital.
The Series A investment will support CreditVidya's plans to advance their technology platform and launch additional products that help lenders approve more customers, minimise fraud rates and accelerate verification processes of potential customers, it said in a statement today.
Coursera bets on enterprise learning mkt
* Online education firm Coursera has launched 'Coursera for Business', an enterprise platform, to tap into the USD 31-billion global corporate e-learning market.
It has also roped in customers like L'Oreal, Boston Consulting Group (BCG) as well as India's Axis Bank.
"Coursera for Business enables companies to utilise Coursera's learning content, created by 145 universities and other institutions, to help address the rapidly evolving training and development needs of their businesses," it said in a statement.
The launch marks Coursera's entry into the multi-billion dollar global corporate online learning market, which is growing at over 10 per cent a year, it added.
Coursera reaches over 21 million registered learners globally. It is currently growing at the rate of 5 lakh learners every month.
* * * * * *
EXL acquires IQR Consulting for undisclosed amount * BPM major EXL today said it has acquired IQR Consulting, a US-based marketing and risk analytics solutions provider to the banking industry.
Financial details of the deal were not disclosed.
With a global delivery model and marquee clients across the United States, IQR will help EXL accelerate its analytics growth in the banking and financial services industry, it said in a statement.
IQR will become part of EXL Analytics and maintain its delivery hub in Ahmedabad, India.
* * * * * *
Uber launches new features in driver app * Transportation app Uber today said it has added new features in driver app, aimed at predicting, preventing and reducing number of crashes due to factors like rash-driving and fatigue.
These features will be rolled out for drivers in Bangalore over the next few weeks, with more cities coming soon, it said in a statement.
Among the new features, driver partners will now get daily reports about their driving pattern is compared to other drivers in their city with suggestions on how to provide a smoother, safer ride.
Also, display in the app will alert drivers about the speed of their vehicle, it added.

Also Read

First Published: May 08 2016 | 5:28 PM IST

Next Story