Layoffs, Jobs, Unemployment

New-age companies like Byju's, Unacademy, social media firm ShareChat, MyGate, and automobile-servicing startup GoMechanic were among the leading names that fired employees in large numbers

Ola Electric, EV Scooters, Two-Wheelers

Company will be adding in-house manufacture of motors as well as cells, which account for the bulk of the cost of a scooter

Ola chief executive Bhavish Aggarwal. (Photo source: Twitter/Bhavish Aggarwal)

Ola founder and CEO Bhavish Aggarwal has rubbished reports in a section of media about the company being in talks with Uber for a possible merger

Bhavish Aggarwal

Ola CEO Bhavish Aggarwal met top Uber executives in San Francisco recently, says a news report

uber, cabs, taxi, apps, technology, cab aggregator

Consumer protection regulator CCPA on Friday said it has issued notices to cab aggregators Ola and Uber for unfair trade practices and violation of consumer rights.
"We have issued notices to both Ola and Uber. Most of the consumer complaints received in the last one year are related to the deficiency in services and other unfair trade practices," Central Consumer Protection Authority (CCPA) Chief Commissioner Nidhi Khare told PTI.
In a meeting held on May 10 with cab aggregators, the government had warned of strict action unless they improve their systems and redress rising consumer complaints.
"We told them about the rising consumer complaints against their platforms. We gave them the statistics also. We have asked them to improve their system and redress the consumer complaints otherwise the competent authority will take strict action," Consumer Affairs Secretary Rohit Kumar Singh had said after the meeting.
The meeting was attended by representatives of Ola, Uber, Meru, Rapido 

The two-wheeler delivery service, which was launched in May last year during the nationwide lockdown, is now available across 26 cities

For now, Uber offers an  SOS service

The US-based company which is locked in an intense battle with Bengaluru-headquartered Ola for market leadership in India already operates a CoE in Hyderabad

MANIK GUPTA, chief product officer, Uber

India is one of our most important markets. 12 % of all our global trips are done in India. India is already a big market for us in terms of transactions, he said

Uber vs Ola race in top gear: Who will win India's ride-hailing market?

2019 could be a year of intense corporate battles. This is the last of a four-part series and focuses on ride-hailing apps Uber and Ola

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

Given the relatively small weight in the Bloomberg Global Aggregate Index, analysts expect India's inclusion could take place in one shot

bonds market, currencies, currency, RBI, yield

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024

Banks

Closing Bell on Friday, September 22: The Nifty PSU Bank jumped the most, rising 3.5 per cent

BSE, NSE, Sensex, Nifty, stock markets

Stocks to Watch today, September 22, 2023: Glenmark Pharmaceuticals Board has approved the divestment of a 75 per cent stake in its subsidiary Glenmark Life Sciences to Nirma for Rs 5,651 crore

Markets, market valuation, stocks, Sensex, Adani Group

The devastating storm that dumped torrential rains along the Libyan coast this month was up to 50 times more likely to occur and 50% more intense because of human-caused climate change, according to an analysis released on Tuesday.
Before crossing the Mediterranean, the storm raged for four days and caused extensive damage in central Greece and parts of Bulgaria and Turkey, a region where such extreme storms are up to 10 times more likely and up to 40% more intense because of climate change, scientists said.
Heavy one-day rains from Mediterranean storm Daniel caused massive flooding across eastern Libya that overwhelmed two dams, sending a wall of water through the coastal city of Derna that destroyed entire neighborhoods and swept bridges, cars and people out to sea. The death toll has varied, with government officials and aid agencies giving tallies ranging from about 4,000 to 11,000 dead.
The analysis was conducted by the World Weather Attribution group, which aims to quickly ...

climate change

In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share

Crude imports fell 3.9% month-on-month to 18.73 million metric tons in August, Petroleum Planning and Analysis Cell (PPAC) data showed

Russian Oil, crude oil, oil, oil prices

The new members appointed are Anil Agrawal, a former police official who recently worked at India's commerce ministry and worked on various startup initiatives

apps, digital, unfair trade practices, antitrust law, competition, online, tinder, shazam, spotify, itunes, apple, google

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

India's ambitions for green hydrogen are riding the coat-tails of Chinese equipment, with Beijing's global stranglehold on the green hydrogen business now extending to New Delhi

green energy targets in mind, but is India technology-ready?

green energy

While posing a complex challenge, slums also offer a unique opportunity for morally and economically imperative urban development

Dharavi

As part of the partnership, Infosys will have access to NVIDIA's full-stack gen AI program and will set up a NVIDIA Centre of Excellence

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani (Photo: Infosys)

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani

The board of the private sector lender is scheduled to meet on Friday, September 22, 2023 to consider the raising of funds by issue of equity shares / any other equity linked securities.

Karnataka Bank

A mutually beneficial relationship between Trump and Fox News broke down after the 2020 election in the wake of the network's coverage of the election

Fox Corp Chairman Rupert Murdoch

In a meeting with officials of the DHI, the company has said the period for which the government is demanding a refund of subsidies of Rs 130 crore does not apply to it

Hero Electric to raise capacity at Ludhiana plant to 500k units in 6 months

Hero Electric

Latest model can log 40-50% higher sales in India than iPhone 14, say retailers

Apple Store Saket

Prime Minister Narendra Modi on Friday said the G20 Summit's success has given the nation the confidence to organise such global events and urged those involved in the planning and execution of the summit to document their experiences.
The G20 Summit, under India's presidency, was held here from September 9 to 10.
Addressing those involved in organising of the summit at the event's venue, Bharat Mandapam, Modi also credited ground-level functionaries for the success.
Drawing parallels between the organising of the G20 Summit and the Commonwealth Games, he said the sporting event in the national capital in 2010 got mired into things that brought disrepute to the country and infused a sense of despondency in the governing system.
"On the other hand, the cumulative effect of the G20 Summit has been that of success in showcasing the strength of the country to the world. I am not concerned with the praise in editorials. For me, the real happiness lies in the fact that my country is now 

PM Modi addresses media on the first day of the special session of Parliament, in New Delhi, Monday, Sept. 18, 2023. (PTI Photo/Manvender Vashist Lav)

Bike and auto-rickshaw aggregator Rapido has drawn up plans bring on board 200 women drivers over the next three months, the company said on Friday.
Currently, Rapido Auto has engaged 50 female 'captains' hailing from diverse backgrounds in the city for its ride-hailing service, and it aims add more than 200 active captains in the next three months through collaborations with various Coimbatore-based non-governmental organisations, the company said in a release.
Rapido will equip the women captains with essential safety and driving skills through the comprehensive training programme in collaboration with the NGOs. It also plans to launch micro-loans and family health insurance for women auto captains in Coimbatore, the release added.
This initiative would enable women to earn between Rs 800 and Rs 1,000 a day, translating to a monthly income of Rs 25,000 to Rs 30,000, it added.
"Rapido Auto, as a company, is deeply committed to fostering gender empowerment and inclusivity. Our jour

Bike taxi startup Rapido plans to ramp up hiring of women captains

Heatmap

uber vs ola

Layoffs continue at startups; funding winter, macro uncertainty to blame

Ola Electric scales up as it plans to gain a lead over competitors

Will never merge: Ola CEO rubbishes reports of merger talks with Uber

'Absolute rubbish,' says Ola CEO on report of merger talks with Uber

Consumer rights regulator issues notice to Ola, Uber over trade practices

Uber Connect saw 3X demand in May, driven by grocery and drug deliveries

Uber sets up new centre of excellence in Visakhapatnam, to hire 500 people

We are open to partnerships with state bus services: Uber's Manik Gupta

Uber vs Ola race in top gear: Who will win India's ride-hailing market?