India plans to cap commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, financial daily Economic Times (ET) reported on Thursday, citing people privy to the matter. The potential move could be another blow to San Francisco-based Uber after the ride-hailing firm was stripped of its license to carry paying passengers in London on Monday for the second time in just over two years over a “pattern of failures” on safety and security. Ola too has announced its expansion into London, a market also occupied …read more
Source:: Yahoo Finance
