CCPA probes Ola, Rapido, other ride-hailing apps on advance tipping
Consumer protection watchdog
CCPA
is investigating
ride-hailing platforms
like
Ola Cabs
and Rapido to ascertain if they are indulging in the unfair trade practice of '
advance tipping
'. On Wednesday, the Central Consumer Protection Authority (CCPA) issued a notice to Uber for allegedly "forcing or nudging" users to pay advance tips for faster service.
"CCPA is investigating other apps like @Olacabs and @rapidobikeapp, they will also be served notice if they are found indulging in such practices,"
Union Consumer Affairs Minister
Pralhad Joshi
said in a post on X on Thursday.
Joshi, on Wednesday, said the practice of 'Advance Tip' was deeply concerning.
"Forcing or nudging users to pay a tip in advance for faster service is unethical and exploitative. Such actions fall under unfair trade practices," the minister had said, adding that tipping is meant as a token of appreciation, given after service completion, not as an entitlement beforehand.
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Economic Times
an hour ago
- Economic Times
Can JioMart, Rapido change the game for Eternal, Swiggy? Deven Choksey answers
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Time of India
2 hours ago
- Time of India
Rapido crashes food delivery party. Should Swiggy and Eternal investors be worried?
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Economic Times
4 hours ago
- Economic Times
Cred's down round; Blinkit's food safety woes
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Customers are charged goods and services tax (GST) on the rain fee, which was meant to incentivise delivery partners, prompting backlash on social media. Kaynes Semicon, L&T Semiconductor Technologies to acquire Fujitsu General's OSAT business Mysuru-based Kaynes Semicon and Bengaluru-based L&T Semiconductor Technologies (LTSCT) are acquiring the outsourced semiconductor assembly and test (OSAT) power modules business of Japan's Fujitsu General for Rs. 118.34 crore. Deal details: Fujitsu is transferring its power module production facilities to Kaynes. Kaynes, which already manufactures for LTSCT, will produce these modules LTSCT's behalf. The transaction is expected to close on June 23, subject to regulatory approval under Japan's Foreign Exchange and Foreign Trade Act. Why now: Raghu Panicker, chief executive, Kaynes Semicon, told us, 'The new OSAT facility being set up in Sanand, Gujarat, is launching its operations with a focus on the global power device packaging market.' This move is backed by two major developments: a multi-million-dollar, high-volume service agreement with its customer Alpha and Omega Semiconductor (AOS) and the acquisition of three power packaging lines from Fujitsu Electronics Limited, Japan, he explained. Other Top Stories By Our Reporters Situation involving Wolfspeed will have no impact on India OSAT: Renesas | Japanese chipmaker Renesas has stated that the situation involving Wolfspeed will have "no impact" on its OSAT project in India. Reports of a potential bankruptcy filing by the US-based silicon carbide (SiC) wafer maker have been sending shockwaves through the global semiconductor industry, with experts suggesting that it could affect Murugappa group-owned CG Power's forthcoming outsourced semiconductor assembly and test facility (OSAT) in Sanand. Shares of Eternal, Swiggy drop as Rapido undercuts food delivery commission: Shares of Zomato's parent company, Eternal, and its rival, Swiggy, fell by as much as 2.5% and 4% on Monday following an ET report stating that Rapido plans to launch its food delivery services this month, offering significantly lower commissions to restaurants compared to the two major players. Krutrim announces agentic AI assistant 'Kruti', to launch on June 12: Bhavish Aggarwal's artificial intelligence (AI) company Krutrim on Monday announced its agentic assistant 'Kruti', months after the founder first teased the chatbot. In a post on X, Krutrim said Kruti, India's first agentic AI assistant, "listens, adapts and acts proactively, purposefully and in your language". Global Picks We Are Reading ■ Sam Altman's eyeball-scanning digital ID project to launch in UK (FT) ■ Inside the race to find GPS alternatives (MIT Technology Review) ■ Silicon Valley led the quest for driverless cars. 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