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Taxi-hailing App News
Travis Kalanick's move to reignite the power struggle in Uber backfires
Wed, Oct 04, 2017
After ousted CEO and co-founder of Uber Travis Kalanick made a move to appoint two directors on the company's board, it now has decided to reduce his power of control on it.
Uber offers to discuss concessions to continue operating in London
Sun, Sep 24, 2017
Uber is open to discuss concession with transport authorities to continue operating in London, after it lost its license to ply on its streets.
Bookings on Ola, Uber decline for the first time in India; is the dream-run over?
Tue, Jun 13, 2017
Online cab bookings in India saw an overall decline for the first time in India due to the impact of drivers going on strikes in major cities thereby disrupting the services.
Uber posts $708 million loss, finance head leaves - WSJ
Thu, Jun 01, 2017
Uber`s first-quarter loss, excluding employee stock compensation and other items, was $708 million, narrower than the $991 million reported three months earlier, the Journal said.
Ola's losses widens by about 3 times since previous year
Sun, Apr 30, 2017
Ola has seen its losses widen about three times from Rs 796.11 crore in 2014-15
Dreams of Ola, Uber drivers crash as incentives trickle and loans catch up
Tue, Apr 25, 2017
These drivers have been protesting low fares and low incentives that these taxi-hailing app companies are now offering.
Uber seeks Rs 12 crore in damages from taxi owners bodies as it moves to HC
Sat, Apr 22, 2017
It further alleged that the defendants have been engaged in "actively inciting" drivers of Uber to go on strike and protest against the company.
Uber rival Lyft looks to raise $500 million fresh funds
Thu, Mar 02, 2017
Lyft's fundraising efforts have been ongoing for months, and the company retained Qatalyst Partners in part to assist them in raising a fresh round of cash.
Will drive towards profitability halt the ahead for taxi-hailing apps?
Tue, Feb 28, 2017
Driver incentives and lower fares which were the cornerstones for the growth for tax-hailing apps to grow has now disappeared.
App-based cabs to drive down the demand for new cars by 5%
Mon, Feb 27, 2017
The report further found out through surveys conducted in Mumbai and Delhi that over 200 people that used Ola or Uber more than 8 times a month and indicated that nearly 16% of those using app-based cab services have frequently deferred car purchases by at least 6-12 months.
Taxi-hailing app players see a 250% growth in cab rides in 2016
Fri, Feb 17, 2017
Ola and Uber see a surge in growth of taxi rides in 2016 despite disruption in the form of regulation or supply side disruptions.
Brands hail Uber, Ola to get a seat next to customers
Tue, Jan 24, 2017
Brands such as London Dairy, OnePlus, Porsche, BMW, Practo, among many others have partnered with Ola or Uber for their campaigns.
Meru Cabs announces new services of Rs 9 per km; Is it the end of radio cabs?
Fri, Jan 20, 2017
Radio taxi service Meru Cabs is moving towards being an app=based taxi hailing service aka Ola and Uber. Meru Cabs on Friday announced the launch of a new line of service. The company also revamped its mobile application.
Now, Uber increases ride time fare by 10-15% in NCR-Delhi
Fri, Jan 06, 2017
The tax-hailing app now increased the ride time fare from Re 1 to Rs 1.50 in the Delhi-NCR region.
Uber's SwitchtoPOOL campaign helps India to save 5.5 million Kms of vehicle travelled during Dec to Jan
Thu, Jan 05, 2017
Taxi-hailing app Uber is betting big on its UberPOOL in India in 2017.
Daimler, BMW expected to merge carsharing services to compete with Uber
Thu, Dec 15, 2016
Daimler and BMW's car sharing services Car2Go and DriveNow are expected to be merged to take on US-based ride-hailing service Uber.
E-tailing, taxi-hailing companies see a decline in transactions post demonetisation
Mon, Dec 05, 2016
As e-tailing sites and online cab booking services were heavily dependent on cash, it has taken a big hit in terms of the transactions.
Ola wants govt to stop 'capital dumping' by rivals
Sun, Nov 06, 2016
Ola is present in 102 cities and claims over 4,50,000 drivers on its platform with cabs, auto-rickshaws, taxis and bike taxis.
Ola partners with Skill India initiative; to train 50-lakh drivers in next 5 years
Mon, Oct 17, 2016
During the event, Rajiv Pratap Rudy called out the huge need for drivers in the country, and acknowledged Ola’s efforts in providing employment.
SoftBank-led investor group invests $750 million in taxi-hailing app Grab
Tue, Sep 20, 2016
Grab's announcement comes a few weeks after Uber sold its China operations to bigger domestic rival Didi, an existing Grab investor, and analysts have said Uber may focus its efforts and money elsewhere, such as in Southeast Asia.