Page 2 - Cab Aggregators

Ola and Uber in merger talks; Bhavish meets Uber execs in US: Report

'Absolute rubbish. We're very profitable and growing well. If some other companies want to exit their business from India they are welcome to! We will never merge,' tweets Ola CEO

Uber lobbied, used stealth tech to block scrutiny, evade regulators: Report

The documents were first leaked to the Brtiish newspaper The Guardian, which shared them with the consortium

Ola may lay off up to 500 employees in order to drive cost-efficiency

Layoffs may take place across Ola departments amid challenging funding environment and delay in listing plans

Uber's lost-and-found list of curious things people tend to forget in cabs

According to Uber, in 2022, afternoons are when riders seem to be most forgetful, particularly between 1 pm and 3 pm, when the maximum number of things are left behind

Ola, Uber get notices for alleged consumer rights breach, unfair practices

Improper grievance redress mechanism, poor service, hefty cancellation charges and fairness of algorithm used to charge fares among major issues raised

Uber India addresses trip cancellations, drivers not switching on AC

Cab-hailing firm will show trip destinations to drivers before they decide to accept a ride.

How the dreams of thousands of Ola and Uber drivers are turning sour

Once app-based cab aggregators became popular and their driver population burgeoned, they pruned incentives and began charging drivers hefty commissions. The pandemic only made matters worse

Top headlines: Govt warns cab aggregators, volatility in power stocks

Here are the top business stories on Wednesday

Govt reads out the riot act to cab aggregators amid rise in complaints

Takes tough stand on ride cancellation and surge pricing

Improve systems, redress complaints or face action, govt warns cab firms

Cab aggregators, including Ola and Uber, have been warned of strict action unless they improve their systems and redress rising consumer complaints, a senior government official said on Tuesday.

Govt to meet cab aggregators Tue as consumer complaints rise against firms

The government has called a meeting of cab aggregators like Ola and Uber on Tuesday to discuss their policies related to fare calculation, surge pricing, ride cancellations and measures taken by them

CCPA gets complaints against cab aggregators; calls meeting next week

The meeting is likely to be held on May 10

Ola CEO Bhavish Aggarwal shifts gear, to focus more on long-term strategy

Aggarwal on Tuesday tweeted that he is not retiring as has been portrayed by some media reports

Bombay HC asks all cab aggregators to apply for licences by Mar 16

The Bombay High Court on Monday directed all such aggregators to apply for valid licenses by March 16

Uber rival Bolt raises $711 million at valuation of over $8 billion

Bolt, a rival of Uber's ride-sharing and food delivery business, last raised funding in August at a valuation of more than 4 billion euros.

Delhi govt to ask aggregators to completely switch to electric vehicles

The Delhi government is going to ask e-commerce companies, food delivery services and cab aggregators to completely switch to electric vehicles

SoftBank-backed Ola's COO and CFO to exit firm amid its plans to go public

Source says departures driven by loads of pressure from the top, pandemic impact on ride-hailing business and plenty of resources going to Ola Electric

Ola acquires geospatial provider GeoSpoc to build new mobility maps

Cab-hailing platform Ola on Tuesday said it has acquired GeoSpoc, a leading provider of geospatial services in the country, for an undisclosed sum

Uber could post first adjusted profit this quarter as ride demand returns

Uber Technologies Inc could post its first profit on an adjusted basis for the current quarter, reaching the elusive milestone sooner than expected

How Ola e-scooter compares with Ather, Honda Activa and others?