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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The state transport department has set fixed per kilometre fares instead of a band. Prices should drop, but so would cab availability at peak hours and driver earnings.
More than a decade since Ola’s launch and then Uber’s entry into India, transport authorities across the country are still largely muddling around on how to regulate them.
The Karnataka government on Saturday announced that it was revising fares upwards for taxis in the state, including for taxi aggregators such as Uber and Ola. The last such revision was in 2021, and before that in 2018.
In the latest announcement, three things have happened:
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
As Rapido and Uber pull ahead, falling traction and mounting financial stress leave Ola with few options.
The popular super app startup is seeing widening losses, Dubai’s financial zone wants more wealth and Aramco’s big quarter.
