Wednesday, September 23
A ride-hailing unicorn little known outside of India is gaining users faster than Uber Technologies Inc., disrupting the San Francisco titan’s effort to conquer a key growth market.Rapido, based in the southern city of Bangalore, has upended the local transportation sector with its inexpensive motorcycle taxis and unique pricing model, racking up more downloads last year than Uber and fellow Indian rival Ola. The startup has now achieved profitability for the first time, its co-founders said in an interview, setting them up for a potential public listing.Cut-rate pricing and a huge supply of drivers have been integral to Rapido’s unexpected ascent. By charging each driver a tiny subscription fee — rather than commissions on each ride as Uber does — Rapido is shaking up one of the w
An earthquake of 3.7 magnitude jolted Haryana's Jhajjar district, second one of the week, and tremors were felt across Delhi-NCR. According to the National Centre for Seismology (NCS), the earthquake occurred at 7:49 pm at a depth of 10 kilometres. The coordinates shared by NCS placed the epicentre at 28.68°N latitude and 76.72°E longitude.On Thursday, too, an earthquake of 4.4 magnitude on the Richter scale struck the same district in Haryana, sending tremors across Delhi, Noida, Gurugram, Faridabad, and surrounding areas.There were no immediate reports of damage or casualties."EQ of M: 3.7, On: 11/07/2025 19:49:43 IST, Lat: 28.68 N, Long: 76.72 E, Depth: 10 Km, Location: Jhajjar, Haryana," NCS confirmed in a post on X.— NCS_Earthquake (@NCS_Earthquake) Delhi falls under Seism
Byrnihat, located on the Assam-Meghalaya border, ranked as the most polluted city in India in the first half of 2025 while Delhi stood a distant second, according to a new analysis.According to the analysis by independent research organisation Centre for Research on Energy and Clean Air (CREA), Byrnihat recorded an average PM2.5 concentration of 133 micrograms per cubic metre, while Delhi's PM2.5 levels reached twice the national ambient air quality standard at 87 micrograms per cubic metre.Hajipur (Bihar), Ghaziabad, Gurugram, Sasaram (Bihar), Patna, Talcher (Odisha), Rourkela (Odisha) and Rajgir (Bihar) were the other cities in the top 10 most polluted list.Aizawl in Mizoram was the cleanest city in the country in the first half of the year.From January to June, CREA said, particulate ma
Mumbai | Delhi: US-headquartered proprietary trading firm Jane Street, barred by the Securities and Exchange Board of India (Sebi) over allegations of market manipulation, could also come under the income tax scanner. The department is considering a probe into potential violations of provisions related to the General Anti-Avoidance Rules (GAAR) framework and permanent establishment norms, people familiar with the matter said.According to Sebi's findings, Jane Street's Indian entity engaged in intraday trades in the cash segment, while its offshore entities, based in Singapore and Hong Kong, booked substantial profits through index option trades. This arrangement has raised concerns about the possible breach of certain tax provisions, said the people cited. 122377022 Significant
