Tag: Predatory Pricing

Ola, Uber surge pricing to be capped; ride cancellation by driver to attract fine up to Rs 25,000 | Business Today

Ola, Uber surge pricing to be capped; ride cancellation by driver to attract fine up to Rs 25,000 | Business Today

Ola and Uber have become the preferred mode of transport in cities like Delhi. However, the experience may not be pleasant all the time. Delhi government has realised the impact these cab aggregators have on daily commuters. To make things easy, a new proposal has been introduced which will install checkpoints and new rules for […]

NYC Taxi Waave Pilot Expands With Upfront Fares | Metro US

NYC Taxi Waave Pilot Expands With Upfront Fares | Metro US

Starting this week, booking a surge-free ride with an upfront price in an NYC taxi is as easy as using your preferred ride-hailing service. The new initiative is a citywide expansion of the city’s Taxi and Limo Commission pilot with the ride-hailing Waave app. Now available in all five boroughs, New Yorkers can use Waave […]

Uber Tasks Centralized Response Team With Monitoring Prices During Disasters | The Drive

Uber Tasks Centralized Response Team With Monitoring Prices During Disasters | The Drive

Uber is overhauling the way it responds to emergencies and natural disasters. In a blog post, the ride-hailing company said it now has a centralized command center that will direct responses to disasters, including instituting temporary price caps and suspending service. Uber’s new Global Security Center will monitor situations that may affect the company’s business […]

New measures protect Grab users against ‘excessive’ surge prices, but no restoring of discounts expected | Channel NewsAsia

New measures protect Grab users against ‘excessive’ surge prices, but no restoring of discounts expected | Channel NewsAsia

SINGAPORE: As part of measures imposed by the Competition and Consumer Commission of Singapore (CCCS) to level the playing field in the ride-hailing industry, Grab will now be required to maintain its pre-merger pricing algorithm. According to the CCCS, this is to protect the interests of passengers by ensuring that base fares remain at the same level as before Grab’s acquisition […]

Uber is overhauling the way it responds to emergencies and natural disasters | The Verge

Uber is overhauling the way it responds to emergencies and natural disasters | The Verge

Uber is overhauling its disaster response procedures so it doesn’t get caught flat-footed during major events like a hurricane or terrorist attack. In the past, Uber’s response to disasters was largely piecemeal, relying on local teams to make all the decisions about capping surge pricing or suspending service. Now, the ride-hail company’s new Global Security […]

To lure back riders, Railways set to scrap dynamic pricing on 40 trains | Business Standard News

To lure back riders, Railways set to scrap dynamic pricing on 40 trains | Business Standard News

Your next ride on the Rajdhani Express might be a little light on your pocket as the Indian Railways is set to scrap the flexi-fare — also called dynamic pricing — on 40 trains, according to a report in ‘The Times of India’. The flexi-fare scheme is reportedly being scrapped for trains that have shown […]

Is a taxi or Uber driver more likely to rip you off on the way to the airport? | MarketWatch

Is a taxi or Uber driver more likely to rip you off on the way to the airport? | MarketWatch

Uber drivers are not completely exempt from allegations that they’ve ripped off their passengers, however. The study found the drivers often seek out routes that are subject to surge pricing, Uber’s practice of increasing fares when there is high demand. They also occasionally tell the app that they’ve started a ride before a rider gets […]

Price of unfair competition: Government needs to be wary of predatory pricing by e-commerce | The Financial Express

Price of unfair competition: Government needs to be wary of predatory pricing by e-commerce | The Financial Express

The government recently released the draft e-commerce policy, which attempts to regulate and control deep discounting by e-commerce players. While the structure of the draft has been criticised in some quarters, there is no denying that there is an urgent need for an e-commerce policy. Regulation is required as price distortions would have wide ramifications […]

Fare revision hasn’t helped us, say cabbies, commuters | Times of India

Fare revision hasn’t helped us, say cabbies, commuters | Times of India

BENGALURU: It’s been nearly nine months since the transport department revised cab fares, fixing minimum and maximum charges. However, it seems the revision has benefited neither taxi drivers nor users. In fact, the average per km cab fare in the city — which earlier varied between Rs 10 and Rs 20 — has now touched […]

New York Taxi Workers Defeat Uber and Lyft with Landmark Legislation | Inequality

New York Taxi Workers Defeat Uber and Lyft with Landmark Legislation | Inequality

Ride-hailing companies like Uber and Lyft poured more than $1 million this year into lobbying New York City officials. But that influx of cash couldn’t compete with the dedication of the city’s cab drivers. After years of agitating for ride-sharing regulations to protect their livelihoods, New York taxi workers have finally won a vehicle cap […]