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SUNIL WATTAL
Ashok Lavasa named Expenditure SecretaryThese were among the 14 prominent changes made at the secretary level on Tuesday by the Appointments Committee of Cabinet headed by the Pri...- Cab aggregator Ola aims to become Infosys, gears up for IPOCFO Rajiv Bansal termed initiatives like Ola Cafe and Ola Store as “experiments”, while the cab aggregation and wallet business will be cri...
- US-based Uber in top gear, catching up fast with its rival OlaUber has been growing its network of drivers at a faster pace and ferrying more passengers, data obtained from the companies and investors ...
- Shaktikanta Das appointed Economic Affairs Secretary; Hasmukh Adhia is new Revenue SecretarySenior IAS officer Shaktikanta Das was today appointed as the new Economic Affairs Secretary, while Hasmukh Adhia will replace him as Reven...
- Ola becomes third-most valuable venture-backed company after raising Rs 2,500 croreThe $2.4 billion taxi aggregator will utilise funds to expand to 200 cities by year-end, ramp up its technology base and grow TaxiForSure b...
- Uber to appoint India CEO soon, will have multi-seater leadershipUber, which is valued at over Rs 2.4 lakh cr, has grown swiftly in India since its launch in Bengaluru in 2013 — it is now present in 12 ci...
- Urban Ladder raises Rs 310 crore in new round of funding led by Sequoia CapitalThe company, which is valued at about $150 million, will be investing the cash in expanding its product line, city reach, technology and da...
- Uber signs strategic deal with Times Internet for India expansionIn response to questions from ET, TIL described the alliance as a "strategic investment and cooperation partnership to support Uber’s expan...
- Flipkart identifies 3 new high-margin revenue streams - online advertising, brand consulting, furnitureFlipkart will soon offer online advertising and brand consulting for vendors using its electronic marketplace, its diversification into fee...
- Ola buys TaxiForSure for Rs 1,237 crore in a cash-and-stock dealIndia’s largest taxi aggregator Ola has bought smaller rival TaxiForSure for Rs 1,237 crore ($200 million) in a cash-and-stock deal.
- Snapdeal's expected loss to increase five fold, pegged to be Rs 1500 croreSources privy to the financials of Snapdeal told ET that it is spending more than $20 million every month in an aggressive strategy to disc...
- Online furniture store Urban Ladder may raise Rs 310 crore, in talks with Sequoia CapitalSequoia has committed to lead the fund-raising round, one of them said, and more investors could be brought in before the deal is closed.
- Softbank-backed companies Housing.com and Snapdeal bet big on selling properties onlineSnapdeal, too, has aggressive plans to sell new projects on its website. The marketplace was the first to sell Tata Value Home projects onl...
- Olacabs to buy TaxiForSure to take on competitors like Uber; deal likely at Rs 1,250 croreAccording to three people directly involved in the negotiations, Olacabs, backed by Japan's SoftBank, will pay cash and offer stock.
- Google Capital backs online real estate portal CommonFloorThe investment in CommonFloor marks Google Capital’s third investment in Asia; it earlier funded Chennai-based enterprise software maker Fr...
- Real estate portal Housing.com ties up with Tata Value Homes to sell affordable apartmentsAccording to a study conducted by Google, conducted by Google, 72% of customers research online before booking a house.
- Startup Housing.com valued at Rs 1,500 crore after SoftBank acquires 30% stake for $70 millionHousing.com, launched 2 years ago, has been valued at about Rs 1,500 crore with Soft-Bank acquiring a 30% stake for its investment of $70 m...
- Indian taxi companies like Meru Cabs, Ola, TaxiForSure take on Uber by imitating its payment processesMeru Cabs, Easy Cabs and Mega Cabs, plans to set up collection offices abroad to avail the advantage of single-level authentication.
- Uber gears up to drive into four more citiesIndian taxi service providers are taking the fight to Uber by banking on their first-mover advantage and the large fleet to create a barrie...
- Indian radio cab operators Meru Cab, Easy Cabs allege FEMA violation by Uber; say flouting RBI norm on credit card transactionsIndian radio taxi providers alleged that the San Francisco startup Uber stores passenger creditcard details on its system.
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