San Francisco-based Bolt was last valued at $11 billion after a funding round in January. However, high-flying tech valuations have come under pressure this year as investor sentiment took a hit from fears of a looming recession and a chill in the equity markets.
According to various measures recommended by CCI, cab aggregators should provide customers with general description of various components of total fare with clear mention of the surge component in the invoice. Also, in case of rude cancellation, drivers should be notified in a transparent manner what portion of cancellation charge is taken by the cab aggregator, and what portion is passed on the drivers.
The Cellular Operators Association of India (COAI) has said that OTT apps should be brought under the licensing regime, primarily universal licence, as they offer same set of services.
According to various measures recommended by CCI, cab aggregators should provide customers with general description of various components of total fare with clear mention of the surge component in the invoice. Also, in case of rude cancellation, drivers should be notified in a transparent manner what portion of cancellation charge is taken by the cab aggregator, and what portion is passed on the drivers.
Currently, internet shutdowns are handled by the states, which shut down internet services for a variety of reasons, such as maintaining law and order and preventing students from cheating on exams.
At the ET Soonicorns Summit, entrepreneur and investor Anupam Mittal of Shark Tank India fame encourages startups to chase ‘profit pools’, rather than ‘capital pools’ and talks about his social media funding platform, the DreamDeal initiative.
The White House said the United States needs "clear rules of the road to ensure small and mid-size businesses and entrepreneurs can compete on a level playing field. These principles are the culmination of months of work by the administration and engagement with numerous stakeholders, White House press secretary Karine Jean-Pierre told reporters. We're looking forward to hearing any feedback from the tech companies.