India’s largest cab aggregator Ola on Wednesday said it was shutting down operations at TaxiForSure (TFS), a move seen as a bid to integrate its operation and cut costs. The decision comes 17 months after Ola acquired its cross-town rival for $200 million (Rs.1,200 crore) in a cash and equity ... Read More »
India’s largest taxi aggregator, Ola, has shut down itsTaxiForSure (TFS) business and has laid off 700 employees in the process, as it looks to consolidate its presence and reduce cash burn to fend off an attack from Uber. Ola had acquired smaller rival TFS in March 2015 for $200 ... Read More »
A flurry of proceedings from Uber drivers about an surprisingly excessive variety of canceled bookingsbecame the spark that ignited a bitter legal combat with Ola, Uber’s rival for dominance of India’s $12 billion taxi market, consistent with court docket documents and a source with direct expertise of Uber’s case. A ... Read More »
Delhi Chief Minister Arvind Kejriwal today warned of “strict action” against app-based taxis, including cancellation of permits and impounding of vehicles, for charging fares more than the rates prescribed by the government. “Strict action, including permit cancellation and impounding of vehicles, will be taken against app-based taxis which charge fares ... Read More »
