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NDMC to launch all women taxi service in Delhi from next month

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By Newsgram Staff Writer

The New Delhi Municipal Corporation is planning to launch an all women Cab service in the city under its authority in view of, the increasing number of crimes against women in taking place in public transport facilities. The cab services to be run exclusively by women drivers will be named Shakti (power), reported The Indian Express.

NDMC had planned to commence the cab service with a fleet of 20 taxis on the International Women’s day on March 8, however, it got postponed. “We have approached the Transport department to launch the project. While around 100 taxis are needed for launching such a service, we do not have enough funds at present to ply so many cabs. So we have sought the Transport department’s permission to begin a pilot project with 20 vehicles,” said NDMC chairperson Jalaj Shrivastav.

This step has been taken as an initiative in view of the gang rape of a 25 year old working professional working in Gurgaon by her taxi driver. “Whether it was the December 16 gang rape or the Uber rape case, providing safe transport lies at the heart of stopping such crimes,” a transport official said.

NDMC has approached Maruti Suzuki for procurement of cabs.  The women drivers will be recruited from the technical institute run by NDMC  and ”the tariffs are likely to be in sync with Delhi Transport Department rates, however, the council will take a call on this”, Srivastava said.

Women drivers will be employed to run vehicles ferrying school children. Since children are easy target of such sexual crimes. The project is all set to be launched next month and is surely a welcoming step for ensuring women’s safety.

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Uber’s Self-driving Unit Gets $1 bn Investment

According to market sources, the company may provide a price range for its shares later in April and would go public in May

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Photo shows an exterior view of the headquarters of Uber in San Francisco. (VOA)

The self driving unit of global ride-sharing major Uber has announced a $1 billion investment from Japanese conglomerate SoftBanks Vision Fund, car manufacturer Toyota and automotive component supplier Denso.

“Excited to announce Toyota, Denso and the SoftBank Vision Fund are making a $1 billion investment in Uber, as we work together towards the future of mobility,” Uber CEO, Dara Khosrowshahi tweeted late on Thursday.

Toyota and Japanese auto-parts supplier Denso will together invest $667 million, while Softbank’s Vision Fund will invest $333 million. SoftBank is already Uber’s largest shareholder, the CNBC reported.

Car maker Toyota invested $500 million in Uber in August 2018 when the two companies announced their intention to bring pilot-scale deployments of automated Toyota Sienna-based ridesharing vehicles to the Uber ridesharing network in 2021.

Uber app.

Uber officially filed its IPO process last week with the public filing of its prospectus. It would be listed on the New York Stock Exchange (NYSE) under the symbol “UBER”.

“We have incurred significant losses since inception, including in the United States and other major markets. We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability,” the company had said in the “S-1” form or the IPO Prospectus submitted to the Securities and Exchange Commission.

Also Read- WhatsApp Testing Official Emojis for Status Doodling

The company noted that as of December 31, 2018, it had 91 million or 9.1 crore monthly active platform users. There were 3.9 million or 39 lakh drivers on the platform by the end of 2018.

According to market sources, the company may provide a price range for its shares later in April and would go public in May. (IANS)