The High Court in Delhi has asked Delhi government to file a reply on steps taken by Govt to stop Ola & Uber from charging fares arbitrarily during the odd-even phase. The Delhi government has said that it will take strict action against Uber and Ola for causing hardship to commuters and charging exorbitant prices.
Bhavish Agarwal, the founder of Ola Cabs, has taken to twitter to state that reports of alleged ola-uber deal as mentioned in DNA, was an attempt by Uber to malign their image. “We’re here for the long run. Planted malicious stories are a sign of others desperation!,” Bhavish said in his tweet.
As per the new Motor Vehicle Act that has been amended with effect from April 2, rates are fixed by the government for all aggregators licensed to operate. As per new norms, the maximum fare will be capped at Rs 19.50 per km for AC cabs and Rs 14.50 per km for non-AC cabs.
Now that Ola has taken the Mini and Micro list, here is what we think they will launch.
Rajiv will be part of Ola’s core leadership team and is expected join the company in January, 2016. Mitesh Shah, who is currently the CFO, will lead Strategic Finance Initiatives as part of Rajiv’s team, going forward, said Ola in a statement.
With Ola’s vision to impact mobility and transportation in India by creating a valuable citizen utility and a robust entrepreneurial ecosystem, we look forward to seeking inspiration and learning from this association. It is an honour as well as a huge endorsement for us and reflects Ola’s commitment towards the future of mobility in India.
We will not issue licences to Uber and Ola Cabs to operate their taxis in the capital unless they follow existing ban imposed by the city’s government.
The mobile app-based taxi hailing services like Uber and Ola will be no more defined as mere ‘aggregators’. The latest draft of Road Safety Bill defines these services as a “digital intermediary or marketplace for a passenger to connect with a driver having the requisite qualifications under the laws in India.
$100mn earmarked towards fueling expansion & growth of TaxiForSure
Failed to abide by Delhi Govt’s order to cease the service; the Govt is planning for Country wide ban on the apps of all web-based taxi companies.
The cabs didn’t have digital meters and some were found charging 10X
Application for radio-taxi licenses will not be processed if they continue their services.
Speeding is one thing. And control is another. Choose wisely.
Ola was not even tracking order ids. Maybe money is getting to their heads
The company reported its first profit in 2013-14, of Rs 3.6 crore