Tiger Global trims stake in Zomato after Uber’s exit; stock edges higher
Tiger Global sold 18 crore shares of Zomato after the one-year lock-in period ended last month; shareholding in the company reduced to 2.77%.
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Zomato share dives 10% on Uber stake sale report
Uber plans to sell its entire 7.8% shares in Zomato at ₹48-₹54 apiece, a discount of 2.8-13.6% to Tuesday’s closing price of ₹55.60 on the BSE.
Consumer rights regulator sends notices to Ola, Uber for unfair trade practices
2,482 grievances were registered by consumers against Ola and 770 grievances were registered against Uber from April 1, 2021 to May 1, 2022.
Govt raises issue of cancellation charges with Ola, Uber
The Centre advised cab aggregators to respond to the concerns of commuters with utmost priority.
Gig economy: Good for companies, bad for workers
Gig work, at lower end of the skill chain, is low-paying, with no social security and job protection; it worsens social and financial health of workers, damaging the economy’s growth prospects.
“Failed a few times, but learnt from them, still took risks”
“If you are in a disruptive industry, businesses don’t scale in a linear way. There comes a moment when you have the right product at the right price point with the right value proposition."
Zomato IPO: Uber laughs all the way to the bank
After booking profit on Uber Eats sale, the ride hailing app is sitting on 5.6x gain in Zomato.
Digital is a boon for B2B marketing. Here’s why
B2B marketing got on to the digital bandwagon relatively late. But the foundations have already been laid. Companies now need to leverage digitalisation to hit that growth curve.
Ride-hailing firms try to ease lockdown pain
Ola has launched the ‘Ola Emergency’ service, while Uber has partnered with retail chains in the county to deliver groceries to people who cannot go out.
Uber partners with bigbasket to deliver essential products
The ride hailing app said it won’t be charging a commission for its services, which will be available in Bengaluru, Hyderabad, Chandigarh, and Noida.
