Sequoia’s Bangalore Office Raided By Enforcement Directorate
Sequoia India’s Bangalore’ Office was raided on Monday night by officials from the Enforcement Directorate.
Category: News
Bangalore Citizen Gets 50% Refund From Ola After Complaining About Surge Pricing
While Bangalore’s taxi aggregators are continuing to charge surge pricing rates despite a government order, it turns out that there’s now a way to get a refund – complaining to customer care.
Delhi Becomes Latest State To Ban Surge Pricing; Rules Implemented With Immediate Effect
After Delhi’s population had complained of prices that were 3-4 times the normal fare, Chief Minister Arvind Kejriwal had warned Uber and Ola of “strict action.” His action seems to have worked, and barely a day later, Uber has withdrawn surge pricing.
Vishal Sikka Gets A ₹29 Crore Bonus As Infosys Beats Revenue Targets
A marginal growth in business and a weak rupee vis a vis the dollar has had Indian IT giant Infosys laughing all the way to the bank. And the highest beneficiary of the gains is Infosys CEO Vishal Sikka, who has recently had a 55% pay hike and received an additional 1 crore over his 28 crores variable pay.
TCS Fined Rs. 6,100 Crore For Allegedly Stealing Software
TCS has been fined $940 million, or Rs. 6,100 crore, by a jury in the US on the charges of stealing healthcare software from an American healthcare company. This is one of the most serious verdicts ever handed down on an Indian company abroad.
Uber, Ola Cars Seized For Not Complying With Surge Pricing Directives
Vehicles belonging to Ola and Uber have been seized in Bangalore for continuing to apply surge pricing rates. Rame Gowda, the commissioner of transport and road safety, said that more than 30 vehicles have been impounded and operations against the two companies are continuing.
After A Curious Case Of A Fake International Travel Booking, MakeMyTrip Sued
Two builders from bangalore were in for a rude shock at the airport when the tickets and VISAs they had booked for a business trip to Singapore, booked through MakeMytrip, turned out to be fake.
Paytm Makes Its Biggest Offline Push Yet; Launches Free Public Wifi
Paytm is planning to launch public Wifi hotspots which will allow people to access their Paytm accounts when they’re on the move.
Ola Denies Acquisition Talks With Uber; Seeks To Take Legal Action Against DNA
Rubbishing the report carried by DNA and putting any rumours of an Ola-Uber merger to rest, Bhavish Aggarwal, co-founder and CEO, Ola has taken to Twitter and has penned an impassioned blogpost.