Cabbies threaten to boycott Uber app from today, fares may surge
"Uber approached the Bombay high court against the ongoing protest and strike of cab drivers, following which the court restrained protesting unions and their members from stopping or blocking Uber cabs. Ola and Rapido didn't approach the court like Uber. While we are looking for legal options, cabbies will boycott the Uber application," Keshav Kshirsagar, the president of the Indian Gig Workers' Front, said, after a meeting between the the senior office-bearers of the union and representatives of Pune, Mumbai and Nagpur RTOs at the transport commissioner's office in Mumbai.
A majority of cabbies tend to use the Uber application in Pune, a source said. "Cabbies can work on all three applications. With Uber being boycotted, there will definitely be surge pricing," Kshirsagar said.
You Can Also Check:
Pune AQI
|
Weather in Pune
|
Bank Holidays in Pune
|
Public Holidays in Pune
TOI sent a message to the Uber spokesperson seeking the firm's stand on the app boycott plan of the cabbies. A reply was awaited till going to press.
Commuters are worried over the cabbie's plan to boycott the Uber app.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around
Blinkist: Warren Buffett's Reading List
Undo
"Each day, we are being hassled by the cabbies. The fares have shot up. A majority of cabbies opt for the Regional Transport Authority (RTA)-approved fares, not what reflects on the applications. Why doesn't the Pune RTO take any action against them is beyond my understanding," said Koregaon Park's Rajesh Shinde.
In Pune, the RTA-approved rate for cabs is Rs75 for the first 3km and Rs25 for every subsequent km.
Kshirsagar, the president of the Indian Gig Workers' Front, said nothing concrete came out in Thursday's meeting. "The aggregators had assured in Wednesday's meeting that they would give a letter mentioning the date from when the RTA-approved fares would reflect in their applications. But no such letter has been provided by any of the companies, following which the meeting was convened on Thursday. The officials said RTAs, headed by district collectors, decide these matters.
We cannot go on a strike because the high court has prevented us from doing the same. But cabbies can boycott the Uber application," he added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
16 minutes ago
- Time of India
Lenskart's files Rs 7,500-8,000 cr IPO papers with Sebi
BENGALURU: Lenskart Solutions is gearing up for one of the largest consumer-tech listings of the year, with its initial public offering (IPO) expected to raise between Rs 7,500 crore and Rs 8,000 crore, people aware of the matter said. The final size will depend on valuations at the time of listing. The company filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) on Tuesday. The IPO consists of a fresh issue of shares worth Rs 2,150 crore and an offer for sale (OFS) of up to 13.23 crore shares by existing investors and promoters. A pre-IPO placement of up to Rs 430 crore has also been proposed, which could reduce the fresh issue size. Proceeds from the fresh issue will be used for the expansion of company-owned (CoCo) stores in India (Rs 272.62 crore), lease-related payments (Rs 591.44 crore), technology and cloud infrastructure (Rs 213.38 crore), and brand marketing (Rs 320.06 crore). The remainder will be allocated for inorganic acquisitions and general corporate purposes. As of March 31, 2025, Lenskart operated 2,723 stores globally, including 2,067 in India and 656 overseas. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Remember Him? Take A Deep Breath Before You See Him Now The Noodle Box Undo by Taboola by Taboola The company sold 27.2 million eyewear units in FY25, up from 21.2 million in FY24 and 15.9 million in FY23. Annual transacting customer accounts rose from 7.7 million in FY23 to 12.4 million in FY25, while its paid membership program, Lenskart Gold, reached 6.77 million members in India. Financially, the company swung from losses to profitability in FY24. In FY25, Lenskart reported revenue of Rs 6,653 crore, up from Rs 5,428 crore a year ago. Net profit rose more than fivefold during the same period, from Rs 59 crore to Rs 297 crore, driven by operating leverage and higher repeat purchases. Lenskart's apps have seen more than 100 million cumulative downloads, while its websites drew 105 million visitors in FY25. New customers, on average, purchased 3.62 pairs of glasses within two years, the filing revealed. The case of the missing degree Buried in Lenskart's DRHP is an oddly specific risk: one of its promoters, Sumeet Kapahi, who also heads global sourcing at the company, can't find his (Hons) degree or marksheets from the University of Delhi. He has emailed, written letters, and even applied through the university's online portal, but is still waiting for a response. Until then, Lenskart and its bankers have relied on the certificates he submitted for the IPO filing. The company admits there's no guarantee the university will ever send the documents, making this one of the more unusual disclosures in a multi‑thousand‑crore IPO draft. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Time of India
25 minutes ago
- Time of India
Trump Environmental Protection Agency moves to repeal finding that allows climate regulation
President Donald Trump's administration on Tuesday proposed revoking a scientific finding that has long been the central basis for U.S. action to regulate greenhouse gas emissions and fight climate change. The proposed Environmental Protection Agency rule rescinds a 2009 declaration that determined that carbon dioxide and other greenhouse gases endanger public health and welfare. Explore courses from Top Institutes in Please select course: Select a Course Category Technology others Project Management Finance Degree Data Science Management Public Policy Artificial Intelligence Others Cybersecurity MCA CXO healthcare Data Science Healthcare MBA Operations Management Product Management Leadership Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details The "endangerment finding" is the legal underpinning of a host of climate regulations under the Clean Air Act for motor vehicles, power plants and other pollution sources that are heating the planet. EPA Administrator Lee Zeldin announced the proposed rule change on a podcast ahead of an official announcement set for Tuesday in Indiana. Repealing the endangerment finding "will be the largest deregulatory action in the history of America," Zeldin said on the Ruthless podcast. Live Events Zeldin called for a rewrite of the endangerment finding in March as part of a series of environmental rollbacks announced at the same time in what Zeldin said was "the greatest day of deregulation in American history.'' A total of 31 key environmental rules on topics from clean air to clean water and climate change would be rolled back or repealed under Zeldin's plan. He singled out the endangerment finding as "the Holy Grail of the climate change religion" and said he was thrilled to end it "as the EPA does its part to usher in the Golden Age of American success.'' Tailpipe emission limits also targeted The EPA also called for rescinding limits on tailpipe emissions that were designed to encourage automakers to build and sell more electric vehicles. The transportation sector is the largest source of greenhouse gas emissions in the United States. Three former EPA leaders have criticized Zeldin, saying his March proposal would endanger the lives of millions of Americans and abandon the agency's dual mission to protect the environment and human health. "If there's an endangerment finding to be found anywhere, it should be found on this administration because what they're doing is so contrary to what the Environmental Protection Agency is about," Christine Todd Whitman, who led EPA under Republican President George W. Bush, said after Zeldin's plan was made public. The EPA proposal follows an executive order from Trump that directed the agency to submit a report "on the legality and continuing applicability" of the endangerment finding. Conservatives and some congressional Republicans hailed the initial plan, calling it a way to undo economically damaging rules to regulate greenhouse gases. But environmental groups, legal experts and Democrats said any attempt to repeal or roll back the endangerment finding would be an uphill task with slim chance of success. The finding came two years after a 2007 Supreme Court ruling holding that the EPA has authority to regulate greenhouse gases as air pollutants under the Clean Air Act. Passing court muster could be an issue David Doniger, a climate expert at the Natural Resources Defense Council, an environmental group, said it was virtually "impossible to think that the EPA could develop a contradictory finding (to the 2009 standard) that would stand up in court." Doniger and other critics accused Trump's Republican administration of using potential repeal of the endangerment finding as a "kill shot'' that would allow him to make all climate regulations invalid. If finalized, repeal of the endangerment finding would erase current limits on greenhouse gas pollution from cars, factories, power plants and other sources and could prevent future administrations from proposing rules to tackle climate change. "The Endangerment Finding is the legal foundation that underpins vital protections for millions of people from the severe threats of climate change, and the Clean Car and Truck Standards are among the most important and effective protections to address the largest U.S. source of climate-causing pollution,'' said Peter Zalzal, associate vice president of the Environmental Defense Fund. "Attacking these safeguards is manifestly inconsistent with EPA's responsibility to protect Americans' health and well-being,'' he said. "It is callous, dangerous and a breach of our government's responsibility to protect the American people from this devastating pollution."
Time of India
25 minutes ago
- Time of India
UBS steps up contingency planning as it tries to tame Swiss rules, sources say
ZURICH/HONG KONG, - UBS is briefing senior staff that the need to examine moving its HQ from Switzerland has grown since the government proposed new capital rules, a source with knowledge of the matter said, while another pointed to London as a favourite alternative. The Swiss government proposed reform measures in June that envisage that UBS - as Switzerland's sole remaining global bank with a balance sheet about double the size of the economy - should capitalise its foreign subsidiaries by 100% rather than 60% currently, to cover potential losses abroad. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Orthopedic Knee Surgeon: Suffering From Pain After Age 50? Do This Every Morning Wellnee Undo That could mean the bank has to carry an extra $24 billion in capital. A review by UBS looking at contingency planning has concluded that London is one of the best options for an alternative location should the bank try and move, one of the sources said. Live Events Britain has similar rules on foreign subsidiaries but a third source said authorities outside Switzerland may show more flexibility. Two sources familiar with the bank's thinking said UBS was also warning internally that it could be vulnerable to a future takeover by a foreign rival if it were weakened by the rules. The sources spoke on condition of anonymity because the discussions are confidential. UBS, which is due to release second quarter earnings on Wednesday, has intensified lobbying with parliament since June 6 to push back against the proposed capital changes, two lawmakers said. Even insiders at the Zurich-based wealth manager say UBS - whose leadership argues it came to the rescue when it bought Credit Suisse in a government-engineered deal - does not intend to leave Switzerland. All agree that UBS's principal objective is to soften the regulations. Even so, UBS executives think the government's demands mean that if no compromise is reached, it may need to respond radically, one source familiar with the lender's thinking said, pointing to a possible relocation. UBS told Reuters it would engage in the consultation process for the new rules while evaluating appropriate measures "to address the negative effects that extreme regulations would have on its shareholders." Its Swissness was a "differentiating element", it said, adding that UBS - which has been running an advertising campaign themed "A bank like Switzerland" - wanted to be based in Switzerland "leveraging the mutually beneficial relationship." Switzerland's finance ministry declined to comment on what it said were internal UBS decisions. FINMA, the Swiss regulator, declined to comment. UBS earlier this year started warning about the possibility of shifting its headquarters, but the latest deliberations are reported here for the first time and highlight a political tug-of-war between UBS, led by CEO Sergio Ermotti, and the government about what is best for the bank and for Switzerland. Representatives for the UK Treasury, Bank of England and the Financial Conduct Authority declined to comment. Swiss Finance Minister Karin Keller-Sutter said in June that the new rules would make it more costly for the bank to grow abroad but that she hoped UBS would stay in Switzerland. DIFFICULT MOVE As for any large bank, relocation would be costly and difficult and industry insiders say Switzerland's global renown as a wealth management centre has been central to UBS' business model. Pressure is, however, growing on the bank. UBS's shares have underperformed rivals, gaining 7% in 2025 against the wider sector's 37% as investors fear the new rules will impede shareholder payouts and growth prospects. One UBS shareholder, speaking on condition of anonymity, told Reuters it would be difficult for the bank to attract investors if the capital rules talks dragged on for three or four years without the bank making progress in softening them. The ball "is in UBS's court" to find a solution, the investor said. Under the proposed capital requirements, UBS's Common Equity Tier 1 capital ratio, a key measure of bank capital, of 14.3% could reach 17%. That would put it above rivals like JPMorgan at 15.8%, Morgan Stanley at 15.7%, and Goldman Sachs at 15.3%, the government estimated in June. Outside experts say like-for-like comparisons are difficult. PERSUADING INVESTORS Switzerland's parliament is not due to receive a draft law on the rules until well into 2026. But UBS executives want to reassure investors by early 2026 they can soften the final legislation, two of the sources said. If it cannot placate investors coming into 2026, UBS may try to repatriate more than the $5 billion in capital it already plans to return to its parent bank, which could eventually fund payouts, analysts say. UBS's efforts have already yielded fruit. Last month a parliamentary committee backed a motion to make the government send all the new banking rules to parliament instead of issuing some directly. "We have to find the right balance between capital that minimises risks but also maintains UBS's competitiveness," said Beat Walti, the lawmaker who proposed the amendment.
