Monday April 22, 2019
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New Radio Taxi Scheme for capital in next 10 days

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By NewsGram Staff-Writer

Delhi government taking cognizance over the PILs informed Delhi High Court about enacting a new radio taxi scheme for the operation of taxis in the capital in the next 10 days. The PILs filed in the court were alleging violation of the Supreme Court directive on running radio taxis in the country.

The AAP government on Tuesday informed the court that the new scheme will make it mandatory for taxi operators to install a panic button and equip the cabs with GPS.

credit: www.teckinfo.com
credit: www.teckinfo.com

In its reply directed to Chief Justice G. Rohini and Justice Jayant Nath, the government insisted on safety and better comfort of women and other passengers. They said that the newly modified scheme will also encourage last mile connectivity in minimal fare. The proposal will bound taxi operators to setup a call centre for looking into public grievances.

Additional standing counsel Naushad Ahmed Khan representing the government in the court said that the new norms will make the creation of a driver database system necessary, which will include all the information about the driver and his vehicle. The same would be shared with the passengers on demand from the call centre.

The scheme will also include strict norms on the operation of diesel taxis and on complying eco-safety rules. It would also be applicable to app-based taxi operators Uber, Ola, and Taxi for Sure.

 

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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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Uber, bengaluru
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.

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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)