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Uber ties up with Delhi Metro

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New Delhi: Uber, world’s largest taxi aggregator, has partnered with the Delhi Metro Rail Service to introduce a seamless commuter service ‘Uber Transit’ at select metro stations Delhi from Tuesday. The new service will provide last mile connectivity to Delhi Metro customers.

Under the partnership to improve first and last-mile connectivity for users, Delhi Metro Rail Corporation (DMRC) will provide Uber dedicated pick up and drop points.

Talking to reporters, DMRC Managing Director Mangu Singh said that a pilot is being run at about four stations and the facility will eventually be made available in 210 of 274 Metro stations.

“Research has shown that integrating on-demand services with public transport is beneficial for riders,” Mr Singh said at an event which saw Uber launching its “public transport” service in Delhi, making it the ninth city globally and first in Asia to have such a feature.

“This new initiative integrating public transport with mobility operators like Uber will certainly boost first and last mile connectivity solutions for around six million passenger journeys performed in the system daily,” Mr Singh said.

The Public Transport feature on the Uber app works quite similar to the Public Transit option available on Google Maps. However, Google’s offering lets users even book Uber and Ola cabs. The search giant also in the recent past enhanced the Maps app with an Auto Rickshaw Public Transport Mode and voice navigation for public transportation.

“India is a fundamental market for Uber,” said Dara Khosrowshahi, CEO, Uber, while addressing the media at the event. “We think that it’s a big market and would help us bring innovations.”

Uber is also bullish on utilising Indian talent to export its developments to global markets and double down its headcount in the country. Nonetheless, the company often faces concerns over safety issues.

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CBI raids at 169 places across nation in bank fraud cases worth 7000 crore

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New Delhi: The CBI is conducting searches in 169 locations across the country in connection with 35 bank fraud cases, which were registered by it and involve funds of over Rs 7,000 crore, officials said on Tuesday.

The searches are going on in Delhi, Gurgaon, Chandigarh, Ludhiana, Dehradun, Noida, Baramati, Mumbai, Thane, Silvassa, Kalyan, Amritsar, Faridabad, Bengaluru, Tirupur, Chennai, Madurai, Quilon, Cochin, Bhavnagar, Surat, Ahmedabad, Kanpur, Ghaziabad, Bhopal, Varanasi, Chandauli, Bhatinda, Gurdaspur, Morena, Kolkata, Patna, Krishna and Hyderabad, they said. The agency refused to give further details as the search operations are still going on, they said.

Among the alleged frauds being probed by the agency are SEL Manufacturing in Bank of Maharashtra worth Rs 113.55 crore, Advance Surfactants in SBI worth Rs 118.49 crore, Eskay Knit worth Rs 42.16 crore in Dena Bank (now Bank of Baroda), Krishna Knitwear Technology worth over Rs 27 crore in Canara Bank, they said.

The cases pertain to State Bank of India, Punjab National Bank, Andhra Bank, Oriental Bank of Commerce, Indian Overseas Bank, Allahabad Bank, Canara Bank, Dena Bank, Central Bank of India, Union Bank of India, IDBI Bank, Bank of Baroda, Bank of Maharashtra, Bank of India, and Punjab and Sind Bank, they said.

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