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TAXI COMPANIES COMPETITION
Uber India head Prabhjeet Singh quits, to join as OpenAI MDUber India's head, Prabhjeet Singh, is departing after an 11-year tenure to join OpenAI as its India MD. Singh, led Uber's significant grow...- Rapido's early backers look to sell shares worth Rs 100 croreAngel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, ...
- From rockets to brain implants, here's a look at Elon Musk's vast empireElon Musk, the world's richest man, leads a sprawling business empire. His ventures include electric vehicles, brain implants, underground ...
- Uber CEO Dara Khosrowshahi on India bets, Travis Kalanick, jobs in the AI era & moreUber CEO Dara Khosrowshahi anticipates India becoming its largest market in a decade, highlighting dynamic growth and talent. The company i...
- Dara Khosrowshahi on Uber’s India bets, AI & jobs; Nvidia’s Simplismart betHappy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) India, among other things. This a...
- PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...
- Gold loan startups find new shine; Infy Q4 profit jumpsHappy Friday! Gold loan fintechs are moving towards building their own loan books. This and more in today's ETtech Morning Dispatch.
- India's FDI plan for ecommerce; Tata charges up iPhone bizIndia is planning to allow FDI in inventory-based ecommerce exclusively for exports. This and more in today's ETtech Top 5.
- Taxi rides get pricier January 1 as new law raises costs every 52 seconds — what it means for youTaxi fares in Arlington, Virginia are set to rise from January 1. New rates will increase the initial drop charge, distance fees, and waiti...
- Taxi-hailing apps accused of scheming with Uber to inflate pricesThe lawsuit alleged the arrangements have led to "uniform or near-uniform pricing" between Uber rides and taxis booked using Uber or the de...
- Singapore regulator raises concern on Grab plan to buy Trans-cabThe commission said in a statement that it was unable to conclude at the end of its first phase of review of the proposed acquisition that ...
- Meru Cabs moves CCI against Ola, UberAlleging that the aggregators are disrupting the market by putting in huge sums of foreign investor money, the company said it has filed fo...
- Maharashtra trying to discriminate between cab services: Bombay High CourtA division bench of Justices R M Sawant and Sadhana Jadhav was hearing petitions filed by Uber India Ltd, Ola Ltd and six drivers plying ca...
- CCI exonerates Ola and rival Uber in complaint filed by Meru CabsThe CCI had previously rejected separate complaints filed by Mega Cabs and Meru alleging predatory pricing by Ola and Uber.
- Gurgaon-based Baxi to expand operations, eyes UP marketBaxi will start services in Noida and Ghaziabad in the next few weeks as it expands operations and tap into the booming on-demand motorbike...
- CCI rejects Meru Cabs' complaint against UberMeru had alleged that Uber was following the practice of predatory pricing in Kolkata market and was able to offer low prices as Uber had r...
- CCI orders probe against taxi aggregator for predatory pricingThe country's competition watchdog has initiated an investigation against a leading taxi aggregator for predatory pricing.
- Ola raises about $314 million in fresh fundingOla, backed by Japan's Softbank Corp, also received investments from private equity investors Accel Partners, Tiger Global and Steadview Ca...
- 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.
- TaxiForSure in talks to raise $60 million“We are looking for an investor who is strategic and deep pocketed,” said Aprameya Radhakrishna, co-founder at Taxi-ForSure.
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