Uber, Ola and Rapido are among the big names who offer the service.
There are over 120,000 drivers in the capital who provide the service and undertake as many as 3 million to 4 million rides a week, making it the largest market in the country for the service.
The Delhi government banned the service on the grounds that while the bike taxi drivers have private registration numbers, they are carrying passengers on hire which is a commercial operation and, as such, violates the Motor Vehicles Act.
The plan to go to court stems from the breakdown of talks between the drivers and aggregators, and the Delhi government.
Bu hikaye Business Standard dergisinin March 06, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin March 06, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Mayday for 'Sell in May': Strategy needs a rethink
Market strength hinges on policy continuity, Budget, and attention to domestic indicators and global cues, say experts
High-valued stock universe up 2.5x in a single year
FROM 41 TO 104: Number of stocks commanding P/E ratios over 50x in March 2023 reflects market confidence
Bharat Electronics'growth story intact
THE COMPASS DEVANGSHU DATTA Bharat Electronics (BEL) reported excellent results for the January-March quarter (Q4) of FY24, which were driven by decent earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins and higher profit after tax (PAT) as well as good revenue growth.
Framework issued to shield stock price impact from market rumours
The Securities and Exchange Board of India (Sebi) on Tuesday detailed out a framework around \"unaffected price\" to calculate pricing for takeovers, buybacks, preferential issue and other such transactions.
Ireda plans FPO to unlock equity needs
Public sector non-banking financial company (NBFC) Ireda Limite will issue a follow-on public offering (FPO) during the current financial year to boost its equity capital.
'Mission is to push Indians to see Majestic Blue Ball'
GOPICHAND THOTAKURA, who recently made history by becoming India's first civilian astronaut or space tourist, in a video interview with Shine Jacob discusses his dream of an orbital space journey to view the country from the space, plans regarding collaborating with an Indian space startup, and aspiration of becoming an inspiration for others.
WEF: Tourism's share in global GDP to return to pre-Covid levels this year
The travel and tourism sector's contribution to global gross domestic product will return to pre-pandemic levels by the end of 2024, according to a new report by the World Economic Forum (WEF) on Tuesday.
GRAIN GAIN
Year of millets over, we need to dedicate a decade to these grains to build on the gains of 2023
Boards need to embrace AI
Boards of companies often face the imperative to embrace technological advancements to stay relevant in a rapidly evolving business environment.
A better way to fix MGNREGS
The problems of the rural job scheme should be tackled through stricter monitoring, not by burden-sharing