wordpress blog stats
Connect with us

Hi, what are you looking for?

NAMA Digest 1: Developments at Ola, IIT-Madras, Facebook, Google and more

Transport The Bangalore Transport Department has issued notices to Ola and Uber for not disabling child-lock on their cabs, pointing out that only 20% of the city's 100,000 cabs have disabled child-lock, according to the Economic Times. The transport department has disabled the feature in 22,000 cabs and penalized the owners. It has further formed 11 teams with 3 members each to check on cabs in different areas of the city. Narayana Swamy, the additional commissioner of the Transport Department, told ET that these companies were operating 60,000 cabs, and that the cab platforms' support was necessary to implement this and ensure the safety of women. * Ola has applied for an NBFC license and is looking to expand a short-term credit service (which is currently running in pilot for riders), launch a credit card (in partnership with a bank), sell insurance to drivers and riders, reports the Economic Times. Ola already offers trip-insurance to customers, and a pay-later option called Ola Credit. The new product will begin with a 15-day credit period, and could be extended to 30 days depending on customer behavior. Sources told ET that Ola wants to expand its existing services like Ola Credit via an NBFC arm. Currently under Ola Credit, users can pay later for multiple cab rides in a single settlement. Wearables Fossil Group will sell the intellectual property of its smartwatch technology, which is under development, to Google for $40 million, reports the Economic Times. Expected to close this month, the deal also involves…

Please subscribe/login to read the full story.
Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

News

RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.

News

Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...

News

The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ