The CCI has dismissed a case it had filed against the company in Kolkata.
Meru had filed a case against the global cab-hailing service app claiming that the latter, resorted to predatory pricing to woo customers. However, the CCI (Competition Comission of India) found no wrong-doing on Uber’s part.
Rahul Yadav has found another high profile backer for his new startup Intelligent Interfaces – it’s Indian cricket legend Yuvraj Singh. “Proud to back Rahul Yadav and Intelligent Interfaces (ii) in helping the Government govern 100x better with the help of technology. Get ready for the (r)evolution!”, posted Yuvraj on Facebook.
India’s startup community has joined the ongoing clamour against Facebook’s Free Basics program. A total of 9 influential startup founders have written to TRAI voicing their concerns about Facebook’s move. These include CEO of Indian unicorn startups Flipkart, Paytm and Zomato.
It’s a reason to rejoice for women employees who are planning to have a baby. The union government is set to increase the maternity leave for women employed in private firms from the existing 12 weeks to 26 weeks.
Carpooling is the flavour of the season. The established players in the cab hailing market Uber and Ola have launched their own versions, and a slew of carpooling apps have come up. Now the oldest cab-hailing service has jumped on the carpool bandwagon. Meru has launched its own ridesharing service. The pilot version of the project will be kicked off in Delhi-NCR.
The layoffs in India’s food tech sector are well on their way to continuing onto 2016. After Zomato had fired 10% of its workforce, and TinyOwl had let go of 100 employees which resulted in its cofounder being held hostage in their Pune office for 2 days, Foodpanda has fired around 300 of its staff in India. This represents 10% of its workforce.
The price of oil has fallen to its lowest level in 11 years and jobs in the oil sector are threatened. The price of benchmark Brent crude hit a low of $36.05 a barrel on December 28, the lowest since 2004 while US light crude dipped below $34 a barrel to its lowest level in six years. With analysts predicting that 2016 would see further declines, there is worry spreading across the oil sector jobs.
In a significant consolidation in the organised private pre-school education sector, pre-school chain Tree House, will merge with Zee Learn, subject to approval from shareholders and regulatory approval.
Hiring in India is likely to grow only 7% in 2016. Among sectors, IT, telecom and manufacturing would be the biggest employment generators.