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…
- 5G is leading to higher data speeds in India, but how long will the average user enjoy these speeds for free? December 4, 2023
- Earnings Call: Mamaearth’s parent company sees 53% rise in earnings December 4, 2023
- ONDC November Round-Up: Paytm, Ola, Metro Tickets, WhatsApp chatbot, and more December 4, 2023
- G7 Countries Agree on International Guidelines for Generative AI: Report December 4, 2023
- Delhi HC to Decide If Google’s Warnings Before Downloading WinZO’s apk File Violate WinZO’s Trademarks December 4, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
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...
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?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
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...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...