Monday, March 20, 2023
Outlook India
Outlook Business


The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms

The food delivery platforms have also sought clarification from the government on the directive while claiming that there has been a misinterpretation of the notice as the ban is applicable to bike taxi service providers

The Bengaluru-based ride hailing start-up had challenged the state government's refusal to grant a license to bike taxis

A major chunk of the impacted staff are from the fintech's marketing and operations departments

Chasing profitability, the start-up has also shut down verticals including infotainment service Ola Play, used-cars platform Ola Cars, and quick-commerce vertical Ola Dash

Ola is working on a new lending service through the Ola app and the Ola Money app

The rating of 12 digital platforms was done by a Fairwork India team in association with Oxford University

The relationship between cab aggregators and the Karnataka government has been witnessing major upheavals since early October

However, local auto unions dubbed this meeting as an eyewash

In the interim order issued on Friday, the Karnataka HC has also capped the convenience fee levied by the apps at 10% of the fare, not including GST.