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Uber Q3 revenue shoots up to 30 percent to $3.81 billion, Uber Eats acts as a boon
News & Analysis

Uber Q3 revenue shoots up to 30 percent to $3.81 billion, Uber Eats acts as a boon

Revenue from Uber's ride-hailing business rose to 19 percent while sales from its Uber Eats rose 64 percent.

Uber, Ola will not have surge pricing during odd-even scheme starting 4 November
News & Analysis

Uber, Ola will not have surge pricing during odd-even scheme starting 4 November

The 12-day odd-even road rationing scheme in Delhi NCR starts on 4 November.

Ola in talks with Microsoft for $200 mn funding; companies to collaborate on emerging mobility technology
Business

Ola in talks with Microsoft for $200 mn funding; companies to collaborate on emerging mobility technology

Bengaluru-based Ola has been working on turning profitable as it plans to launch an IPO in the next few years.

Ratan Tata to continue to invest in startups; reveals strategy to invest more on 'intuition' than numbers
Business

Ratan Tata to continue to invest in startups; reveals strategy to invest more on 'intuition' than numbers

Ever since his retirement in 2012, Tata has been aggressively investing in Indian startups through his private investment vehicle, RNT Associates

Auto sector crisis: Amid dip in revenue, govt may not cut tax to spur demand; carmakers should be ready to compromise on price front
Business

Auto sector crisis: Amid dip in revenue, govt may not cut tax to spur demand; carmakers should be ready to compromise on price front

Srivastava also pointed out that India's auto sector had seen its best growth in the 7-8 years that Uber and Ola came into existence.

Shiv Sena takes dig at Nirmala Sitharaman, Piyush Goyal for comments on state of economy, praises ‘great job’ by Narendra Modi, Amit Shah
Politics

Shiv Sena takes dig at Nirmala Sitharaman, Piyush Goyal for comments on state of economy, praises ‘great job’ by Narendra Modi, Amit Shah

Shiv Sena on Saturday criticised the Centre on the economic situation, job loss and took a swipe at Union ministers Nirmala Sitharaman and Piyush Goyal for their comments on auto sales slump and the state of the economy

Firstpost Editor's Picks: Citizenship Amendment Bill, Nirmala Sitharaman on auto sales, Section 375 movie review; today's must-read stories
India

Firstpost Editor's Picks: Citizenship Amendment Bill, Nirmala Sitharaman on auto sales, Section 375 movie review; today's must-read stories

Firstpost Editor's Picks: Citizenship Amendment Bill in north east, Nirmala Sitharaman on drop in auto sales, Section 375 movie review; today's must-read stories

Link between ride-sharing and drop in car sales not a figment of Nirmala Sitharaman's imagination, but this debate is fake; here's why
Politics

Link between ride-sharing and drop in car sales not a figment of Nirmala Sitharaman's imagination, but this debate is fake; here's why

Legitimate queries can be raised about the veracity of Nirmala Sitharaman's claims, but it should be noted that she did not present ride-sharing as the sole cause behind slowdown, but as one of the causes driving it.

Citing 'millenial mindset', or Ola, Uber for car sector woes is self-defeating; purchasing power, consumer confidence are ebbing
Business

Citing 'millenial mindset', or Ola, Uber for car sector woes is self-defeating; purchasing power, consumer confidence are ebbing

That the millennial preference to hail Uber and Ola rather than commit to buying an automobile is one of the causes for the auto sector crisis is a theory floated by Finance Minister Nirmala Sitharaman

India doesn't need 'foolish' theories about millennials, but concrete plan to fix economy, says Rahul Gandhi
Politics

India doesn't need 'foolish' theories about millennials, but concrete plan to fix economy, says Rahul Gandhi

Congress leader Rahul Gandhi on Thursday attacked the BJP over the state of the economy, saying what India needs is not propaganda, manipulated news cycles and foolish theories about millennials, but a concrete plan to fix the economy

Auto sector slowdown: Ola, Uber may not be that strong a factor for decline in car sales, says Maruti Suzuki
Business

Auto sector slowdown: Ola, Uber may not be that strong a factor for decline in car sales, says Maruti Suzuki

India’s monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to the Society of Indian Automobile Manufacturers,

Nitin Gadkari backs Nirmala Sitharaman's ‘millennial mindset’ remark, says it is one of the reasons behind car sector slowdown
Politics

Nitin Gadkari backs Nirmala Sitharaman's ‘millennial mindset’ remark, says it is one of the reasons behind car sector slowdown

Transport Minister Nitin Gadkari backed Finance Minister Nirmala Sitharaman's claim that the mindsets of millennial were adversely affecting the automobile industry as they prefer to use radio taxi services instead of buying their own vehicle

'Blame everyone but BJP's handling of economy': Congress slams Nirmala Sitharaman over remarks on auto industry slowdown
Politics

'Blame everyone but BJP's handling of economy': Congress slams Nirmala Sitharaman over remarks on auto industry slowdown

Congress spokesperson Abhishek Manu Singhvi lashed out at Finance Minister Nirmala Sitharaman for attributing the slowdown in the automobile sector to the 'mindset of millennials'.

'Oxygen crisis as millennials inhale more air?': With #BoycottMillennials, Twitter trolls Nirmala Sitharaman's 'mindset of millenials' remark
India

'Oxygen crisis as millennials inhale more air?': With #BoycottMillennials, Twitter trolls Nirmala Sitharaman's 'mindset of millenials' remark

Meanwhile, the Sitharaman's statement holding millennials responsible for the slowdown in auto sector didn't go down well with netizens. The remark triggered a whirlpool of reactions on Twitter, with Indians mocking the "millennial blaming" ideology.

Nirmala Sitharaman partially right on Ola-Uber pushing auto slump, but we need NITI Aayog to tell us how much and why
Business

Nirmala Sitharaman partially right on Ola-Uber pushing auto slump, but we need NITI Aayog to tell us how much and why

The reason why Nirmala Sitharaman is the butt of jokes is that Uber and Ola may not be significant enough in terms of current data

Auto sales plunge: Sign of deepening economic slowdown or arrival of Kodak moment in industry
Business

Auto sales plunge: Sign of deepening economic slowdown or arrival of Kodak moment in industry

It is significant that auto sales in India have dropped 19 percent this year. But it cannot be a coincidence that a similar decline is evident in many other countries.

Bhupesh Baghel takes dig at Nirmala Sitharaman's 'millennial mindsets' remark, asks her to study Chhattisgarh’s model of economic development
Politics

Bhupesh Baghel takes dig at Nirmala Sitharaman's 'millennial mindsets' remark, asks her to study Chhattisgarh’s model of economic development

Taking a dig at Finance Minister Nirmala Sitharaman's mindsets of millennial remark, Chhattisgarh chief minister Bhupesh Baghel said that both Ola and Uber are offering their services in the state and yet the automobile sector has grown

Nirmala Sitharaman blames 'millennial mindset' for car sector slowdown, but who's at fault for drop in truck sales?
Business

Nirmala Sitharaman blames 'millennial mindset' for car sector slowdown, but who's at fault for drop in truck sales?

Even if app-based car renting services are picking up to the scale of upsetting the car sales market, as Sitharaman claims, that doesn’t justify such a sharp decline.

Nirmala Sitharaman blames 'millennial mindset' of using Ola, Uber for automobile industry slump
Business

Nirmala Sitharaman blames 'millennial mindset' of using Ola, Uber for automobile industry slump

Nirmala Sitharaman on Tuesday stated that the mindsets of millennial were adversely affecting the automobile industry as they prefer to use radio taxi services instead of buying own vehicle.