New Delhi [India], Feb 13 : Taxi aggregator Ola on Monday announced two significant appointments for strengthening its core technology leadership. The mobile app for transportation announced hiring Pranav Tiwari, former CTO of Cellworks as well as an ex-Googler as the Vice President of Engineering and will be working towards optimizing growth and profitability by bringing in necessary efficiencies in the supply chain function.
Sanjay Kharb who was earlier VP - Production Engineering at InMobi has joined as Vice President of Engineering Infrastructure and will strengthen efficiencies in Ola's technology infrastructure including site operability, compliance and data systems.
New Delhi [India], Feb 7 : Taxi aggregator Ola on has announced the expansion of 'Ola Rentals' to simplify intra city travel with affordable hourly packages on Ola Lux, Ola Prime Sedan and SUV as well as Ola Mini.
Launched in July last year, India's most popular mobile app for transportation has witnessed tremendous growth, selling over lakh of hourly packagers since it was launched.
It is now planning to expand rental to 100 cities.
Ola Rentals has emerged as a new favorite amongst customers; with metros like Chennai, Bangalore, Delhi and Mumbai as the top markets for the category. Users have the benefit to choose from 2 hours 30 kms, 4 hours 40 kms, and 8 hours 80 kms for a seamless Ola Rental experience straight from the Ola app.
New Delhi [India], Feb. 7 : TravelTriangle, a holiday marketplace, raised USD 10 million in series B funding from RB Investments. One of the most successful innovators in the online travel space, TravelTriangle's successful funding round saw participation from existing investors SAIF Partners and Silicon Valley venture fund Bessemer Venture Partners.
TravelTriangle has been able to generate funds for three years straight. Within a year of inception, TravelTriangle had raised an angel funding of Rs. 60 lakh from a group of individual investors. It then raised a pre-series A investment of USD 1.7 million from SAIF Partners in July 2014 and closed series A financing of USD 8 million from Bessemer Venture in April 2015.
Southwest Airlines has announced that it has reached a Tentative Agreement with its flight attendants. As a part of the agreement finalized this past week, wages of the attendants will be increased and the current contract of them will be increased through May 2019.
The airline said that it will be giving bonuses and work-rule adjustments as well to the attendants. Southwest Airlines Vice President of Cabin Services Mike Hafner said that are proud to have the best flight attendants in the industry.
As per AAA Mid-Atlantic, more than 1.2 million New Jersey residents will travel 50 miles or more for the July Fourth holiday weekend. In comparison to last year, there is a 1% this time. More than eight out of 10 will be traveling by automobile during the holiday.
The Independence Day holiday is from Wednesday, July 1 through Sunday, July 5. It is expected that 41.9 million Americans will travel nationally for this holiday. Tracy Noble, spokesperson for AAA Mid-Atlantic, was of the view, “The Fourth of July is typically the busiest summer travel holiday, with 295,000 more New Jerseyans traveling this weekend compared to Memorial Day”.
The Federal Transit Administration (FTA) came down hard on Washington Metropolitan Area Transit Authority (WMATA) considering the agency lacking in both how it manages itself and how it operates its trains and buses.
As a result, WMATA will now have to quickly make some really serious changes in its working.
System-wide, FTA inspectors cited 54 overall safety violations: 44 for Metrorail and 10 for Metrobus, said sources.
The deficits at WMATA came to the surface despite efforts to step up the agency-wide commitment to safety that followed the fatal 2009 Red Line crash at Fort Totten.
Researchers have determined after doing a gene study that ancient Europeans were predominantly light skinned and mostly lactose-intolerant. The genetic material was from 5,000 years ago and was extracted from the teeth of 101 ancient humans. The researchers have also gained insight into how mass migrations caused changes in Europe's people of that crucial historical era.
The genes belonged to Europeans who lived in the Bronze Age, which lasted from around the year 3000 B. C. to 1000 B. C. The findings of the study have been published in this week's issue of the journal Nature.
The official tourism association in Central Florida, Visit Orlando launched a new global marketing campaign in order to encourage more travel. According to officials, they will make use of professionally shot photos and video intended to encourage positive things related to Orlando in addition to a social media strategy that asks visitors to tell regarding their experiences.
According to Mark Jaronski, a Visit Orlando official, "Seeing these experiences that are being had will elicit the emotions to come back and create more memories. We have some plans that we have not unveiled yet that we will announce later this summer".
Uber could soon be among one of the most valuable venture-backed startups in history following a fresh fundraising round that may increase its worth up to nearly $50 billion.
If Uber successfully concludes the fresh funding round, it would become one of the most valuable venture-backed startups in history. This would put Uber on a par with Facebook, which was valued at $50 billion before its IPO.
The valuation hike has come just six months after the controversial taxi-hailing app notched up a $40 billion valuation after it took in another $1.2 billion from investors for funding its overseas expansion. According to reports now, it is looking at raising a further $1.5 billion.
The compact city that inspired ride-hailing companies Uber and Lyft has been offering an all new way to get to work with its fancy $6 big-bus rides with spacious seating, free Wi-Fi and attendants, delivering snacks.
The service was launched by a company named Leap in March with morning and evening commutes following public bus routes between the tony Marina district and the heart of downtown San Francisco.
By launching this, Leap has joined a private shuttle service called Chariot, operating 15-seat passenger vans over multiple routes within the city at a cost of $3 to $5 a ride.
According to the fans, the app-enabled buses and shuttles have complemented an aging municipal transit system that is unreliable and overburdened during the peak hours.
According to a newspaper analysis, the cost to ride, which has been recently estimated for California's bullet train from Los Angeles to San Francisco, is a bargain at an average of $86. According to the Los Angeles Times, the rail trip will be the cheapest in the world at approximately 20 cents a mile. The average fare of journey on Italy's 434-mile bullet train from Milan to Salerno was 25 cents a mile.
It was 22 cents per mile on China's 809-mile line between Beijing and Shanghai. There is not much information on China's high-speed rail finances. And according to many experts, fares are greatly subsidized, similar to many other foreign operators.
Travelers will be at relief this year, as they can expect a slight reduction in terms of air fares for their destinations. This summer, the average roundtrip domestic ticket including taxes stands at $454, which is 1% less than from last year.
But not everyone will be able to save. Flights to Hawaii, Florida and New Orleans will be less costly, but travelers travelling to New York, Denver and San Francisco may have to pay more. In Europe also, the cost would vary depending on the destination.
According to Metro, its new railcars started operating on the Blue Line on Tuesday. According to officials, eight out of the system's first 7000-series rolled out at the Franconia-Springfield station. Metro said that these new cars are better from safety point of view and have better performance in crash tests than previous models.
According to Metro Board Chair Mort Downey, safety is their priority and investment in their railcar fleet indicates that. As per Downey, the 7000-series cars are symbol of a considerable improvement in reliability, safety and rider comfort. Downey added that he is excited to welcome their customers aboard on behalf of the Metro Board of Directors.
According to a new report by expense-management system provider Certify, 47% of the ground transportation rides in March were through Uber.
The transportation rides tripled from the 14% of rides that Uber had just over a year ago in January 2014. Uber now tops taxi rides for business travelers in few cities. Certify based its findings on receipts submitted by North American clients each year.
In its hometown of San Francisco, 71% of rides during the first quarter were for Uber, 29% used taxis. Uber also beat out all other forms of ground transportation in Dallas, accounting for 56% of the rides.
The Metropolitan Transportation Authority will allow fans to ride vintage subway cars to reach Yankee Stadium on Monday. The move has been adopted in honor of the Bombers' opening day.
As per sources, the classic vintage cars were part of the old IRT system, and started operating in 1917. The vintage cars ran in service for more than five decades before they were retired in the late 1960s.
With their rattan seats, paddle fans and incandescent light bulbs, they served as a splendid illustration of how far rapid-transit car design and technology have advanced over the past 100 years.
It has been told that the first ride will leave the Grand Central Terminal at 11:30 am on April 6, and will run non-stop throughout the day to the Bronx.
Dufry AG provided details about its plans for its takeover of World Duty Free SpA (WDF). The company stated it has planned to consolidate its position as the biggest player in the sector. On Monday, Switzerland headquartered company announced that it has expected to raise about 2.1 billion euros through a rights issue of new stock. The company also said that it expects to raise about 1.5 billion euros through long-term debt instruments.
According to reports, the combined companies will have market share of about 25% and the projected annual sales about $9 billion. WDF has more than 490 stores in about 98 airports, including London's Heathrow and Gatwick.
Rising employment and personal incomes may make the spring travel season for the US airlines the best one. It could see maximum passenger numbers in seven years, said industry group Airlines of America.
It is said that around 134. 8 million passengers or around 2.2 million people per day are expected to fly in March and April. If the projections for 2015 turn out to be true then it would be a 2% boost from the 132.2 million people who flew on US airlines in the same period last year.
John Heimlich, Airlines for America vice-president and chief economist, was of the view that two factors, firstly, high consumer sentiment and secondly, the continued affordability of air travel, may add to a busy travel season.
New Delhi, Feb 26 : Union Minister for Railways Suresh Prabhu on Thursday said that his ministry has a 'comprehensive' plan for the North-East, adding that all state capitals in the region will soon be connected to Delhi.
"We have a very comprehensive plan for the North-East, and we have already decided to connect all state capitals of the region with Delhi. We are making a huge investment; the Prime Minister has visited the region many times and even I have gone with him," Prabhu said at a press conference in the national capital.
"The North East is considered as a special project state so the money for that is also available from multiple sources," he added.
Washington, Feb 19 : Breathometer and Uber are reportedly teamingup to make sure that inebriated people go back home safe and sound.
According to Tech Crunch, the blood alcohol level breath analysis startup has announced a partnership and API integration with Uber.
Following the deal, any person who is found to be drunk up to the halfway point of the legal limit in California (.04 blood alcohol concentration level) or higher on a Breathometer Breeze device will be asked to hire a cab.
CEO of Breathometer Charles Michael Yim reportedly said, "Access to a dependable and on-demand ride solution directly from our app for anyone that has been consuming alcohol is critical." (ANI)
Washington, Jan 08 : New York's Taxi and Limousine Commission (TLC), which licenses taxicabs in the city, has temporarily suspended five out of six car hubs of Uber until they divulge electronic records of drivers' trips.
The TLC has asked Uber to produce data including, "the date of trip, time of trip, pick up location, and license numbers" and has demanded that the company pay 200 dollars fine for each of its bases in New York , reported The Verge.
Uber, on the other hand, has argued that the details demanded by the agency constitute trade secrets and sharing them could undermine its position in the market. They also said that such data could be a violation of drivers' privacy.