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Ola And Uber Drivers To Go On Strike.

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Ola And Uber Drivers Go On Strike,Startup Stories,2017 Business News Update,Ola And Uber Business Updates,Ola And Uber Latest News,Ola and Uber Cab Drivers Strike,Ola and Uber Drivers Call Strike All Over India,Cab strike in India,Cab Drivers Strike

Ola and Uber continue to face aggression not just from riders, but from drivers as well. Drivers from these cab aggregators have called for an indefinite strike in Mumbai to voice their grievances against declining earnings, deteriorating business experience and increasing concerns over driver suicides.

Ola and Uber cab drivers and car owners have distributed pamphlets notifying riders everywhere about the strike. The strike is going to begin on 10 December 2017 and is going to go on for an indefinite period of time.

With the cab aggregators refusing to look at the bigger picture, drivers and cab owners are running at a major risk. The cabs may also be seized by banks because of debt issues and other financial issues.

According to reports, a lot of cab drivers took their lives due to financial problems. Drivers have been facing a lot of trouble such as the inability to pay and financial debt reaching exponential numbers. Both Ola and Uber have been working hard to contain the rising unrest but to no avail.

Drivers for both the cab aggregators have been complaining for a while now, stating that their income has fallen drastically. They have also said the owners are not bothered in the least bit about the driver’s safety or mental health.

Our demands should be fulfilled because our earnings have dropped. Their commitment of Rs 75,000 per month in earnings proved to be fake. We are earning Rs 10,000 to Rs. 15,000. I cannot even pay my EMIs. They should immediately stop getting cars,” a driver was quoted during a protest earlier this year in Hyderabad.

Ola and Uber drivers have called a strike all over India and not just in Mumbai. This gives rise to a very serious question – is the cost of sustainability at the risk of employees or do the employers just not care enough?

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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