We feel now is a pretty good time to analyse Uber Technologies, Inc.'s ( NYSE:UBER ) business as it appears the company...
(Bloomberg) -- India’s government-backed open commerce network has begun offering ride hailing at zero commission, a move that could shake up dominant ride-sharing companies, Uber Technologies Inc. and its homegrown rival, Ola. Most Read from BloombergDeutsche Bank Drops in Selloff Citi Describes as Irrational‘Zoom Towns’ Exploded in the Work-From-Home Era. Now New Residents Are Facing LayoffsJack Dorsey’s Wealth Tumbles $526 Million After Hindenburg ShortUBS Sends Khan to Stem Credit Suisse’s P
India's open e-commerce network ONDC on Thursday marked its foray into the mobility sector, tying up with a ride-hailing company in the tech city of Bengaluru to help local businesses take on the likes of Uber Technologies. ONDC is in talks with more companies in the sector across several cities to bring them on board over the next few months, its Senior Vice President Nitin Nair said at an event in Bengaluru. The government launched the Open Network for Digital Commerce (ONDC) last year to enable small merchants and local stores across the country to access processes and technologies typically deployed by large e-commerce platforms like Amazon and Walmart.