A law in the making to guard ecommerce consumers
The ministry of consumer affairs is looking to add a section detailing penalties for ecomm firms.
Ola driving to colleges for hiring
The class of 2019 is likely to be awash with job offers from startups including Ola, Amazon, Flipkart, Mee...
The sharing and renting economy sees a bloom amidst the slowdown
The sharing and renting economy appears to be steadily growing among millenn...
Catching the neighbourhood shuttle
A couple of early stage startups are trying to address the problem of neighbourhood shuttle or micro-mobility. This is beyond bike-taxi startups, or bike rentals. The idea here is that these startups will move a group of people together for 3-5 km at a cheaper rate than a cab or scooter.
Algorithm versus small businesses: an unequal battle
Studies suggest that customer’s behaviour has now been shifted to need-based decision rather than brand-driven decision. 70 percent of the word searches done on Amazon are for general goods.
E-tailers meet data panel, show varying flexibility on sharing data with government
Ecommerce companies Amazon, Walmart-owned Flipkart and Snapdeal presented views on possible data localisation, sharing aggregate customer data with the government and potential data portability on Tuesday.
SBI plans to sell 14% stake in card unit’s IPO, raise Rs 8,000 crore
It is the second largest credit card company in India with a card base of 9.5 million after HDFC Bank, with over 13 million.
Daimler mulls slashing 1,100 senior jobs: Report
German luxury carmaker Daimler plans to cut 1,100 management jobs worldwide in fresh efforts to cut costs as it grapples with expensive recalls and a slowing global market.
Uber India collective loss to hit Rs 3.8k crore
Negative revenues could be caused by commission revenues being lower than the cost of delivery, high refunds to consumers and UberEats paying restaurants for the food which they are not themselves giving discounts on, those tracking the space said.
Bull run for private technology funding market coming to an end: Softbank's Deep Nishar
Nishar said the debacle at WeWork, which SoftBank bailed out with a $9.5 billion cash injection, was an extreme case of dissonance between private, and what would have been its public market valuation.
UberEats India devours firm's global numbers
Uber's total revenue rose nearly 30% to $3.81 billion, while net loss widened to $1.16 billion in the quarter ended September 30, the company said in a statement.
Ola and Uber look beyond cab hailing to drive growth
Both mobility platforms are expected to bank on bike taxis and rentals to shore up ride numbers.
Gig economy weighs impact of social security for workers
The government has proposed changes which would ensure gig workers get life and disability cover, health and maternity benefits, old age protection and any other benefit it may determine as helpful. The benefits have not been clearly defined yet, which is making companies anxious as they fear their operational costs will jump.
Ola, Uber to deactivate surge pricing during odd-even scheme in Delhi
"We want to do our part in ensuring movement around the city is easy during the odd-even phase and have decided to deactivate dynamic pricing for the duration." an Uber spokesperson told PTI last month.
Real reason why Uber moved in: To simplify tax math
Earlier this month, Uber restructured and moved its entire India business – which partially operated from Netherlands under Uber BV – to the India-domiciled Uber India Systems. This is Uber’s first such restructuring since 2014.
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