Ola, Uber fees may be capped at 10% of total fare; You pay Rs. 100 fine if you cancel the ride #DraftRegulation

Ola, Uber fees may be capped at 10% of total fare; You pay Rs. 100 fine if you cancel the ride.

The central government will soon release a draft which plans to cap the commission earned on rides by firms such as Uber and Ola to a maximum of 10% of the total fare.

The guidelines also suggests a penalty in the range of 10-50% of the total fare not exceeding Rs 100 if the driver cancels the ride. Further, states will be able to set a maximum number of cancellations a driver can make in a week.

A similar penalty of 10-50% of the total fare not exceeding Rs 100 could be levied on passengers cancelling a ride for no reason.

Plus, state governments can also levy a charge on the aggregators’ earnings, if they choose to.

Doing business in India is..?

Flipkart launches ‘Saathi’ – a voice based navigational tool targeted towards Bharat market

Flipkart has launched Saathi, a guided navigation tool for first time Internet users to get comfortable with the product.

Flipkart Saathi uses a combination of text and audio-based instructions to guide new users in their e-commerce journey. This includes a list of key actions in the form of pop-up texts followed by audio for a better understanding.

The feature aims to empower consumers across tier-2, tier-3 cities and beyond in rural India, as it seeks to bring the next 200 million consumers online.

Google: Nearly 500 users in India warned of govt-backed phishing attacks in 3 months

Google sent out more than 12,000 warnings to users globally, including nearly 500 in India, between July and September this year to sound them out against being targeted by “government-backed attackers”.

Over 90 per cent of these users were targeted via ‘credential phishing emails’… These are usually attempts to obtain the target’s password or other account credentials to hijack their account.

Govt wants to regulate digital media; Proposes a bill

The draft Registration of Press and Periodicals Bill, 2019, put out by the ministry of information and broadcasting on Tuesday, seeks to replace the Press and Registration of Books (PRB) Act, 1867, that governs the print and publishing industry in the country.

“The publishers of news on digital media shall register themselves with the Registrar of Newspapers for India in such manner and giving such particulars as may be prescribed,” the draft legislation says.

OYO in race to acquire significant stake in CCD

Oyo and British private equity firm Apax Partners are in the race to buy a significant stake in Café Coffee Day. OYO has already launched coffee chain, The French Press which is currently running 2 cafes in Delhi and Bangalore.

Others bidding for CCD include KKR, TPG Capital and Bain Capital.

Ola launching in London (Uber’s licence has been cancelled) : Badassery

Now that Uber’s licence in London has been cancelled, Ola has announced its London launch. Ola has begun registering licenced drivers in London as it prepares to launch operations in the city.

With this, over 50,000 licenced drivers will now be assured that they can continue to provide mobility services in London.

Ola launched its operations in the UK starting with Cardiff in August 2018 and has been steadily expanding across the country across Birmingham, Liverpool, Exeter, Reading, Bristol, Bath, Coventry, and Warwick.

WhatsApp is profitable in India

WhatsApp, which hasn’t yet begun its full-fledged India payments operations has reported revenues of Rs 6.84 crore for fiscal 2019 and a profit of Rs 57 lakh for the financial year under review.

In its financial statements, WhatsApp stated the company had started its operations and attributed the revenues to its IT enabled business processes outsourcing services.