
Maharashtra govt to launch ride-hailing app to compete with Ola, Uber
The service that would be operated under the state transport department would offer a competition for the private players in the sector, which is currently dominated by private cab aggregator platforms such as Ola, Uber, and Rapido, according to Sarnik.
The proposal has received an in-principle nod from Chief Minister Devendra Fadnavis and deputy chief ministers Eknath Shinde and Ajit Pawar, but the clearance from the Cabinet is expected soon, Sarnaik said.
Sarnaik, who is also the chairman of Maharashtra State Road Transport Corporation (MSRTC), said the app-based aggregator platform for the state is almost complete, and the government is deliberating on names such as Jai Maharashtra, Maha-Ride, Maha-Yatri, or Maha-Go for the app.
The app is being developed in collaboration with institutions such as the Maharashtra Institute for Transport Technology and Maharashtra Institution for Transformation (MITRA), with private players in consultation.
'This will not only offer comfortable travel for commuters but also generate employment for thousands of youngsters in Maharashtra,' Sarnaik said, adding that all terms in the Centre's aggregator policy guidelines are being adhered to.
The government plans to check the monopoly and ensure transparency in fare levels and drivers' benefits, officials from the transport department said. The app will offer services by auto-rickshaws, taxis, and e-bikes in towns and cities.
Officials indicated that the platform will also be made compatible with the Central Government's Motor Vehicle Aggregator Guidelines, 2020, which stipulate safety, accountability, and fare regulation standards for digital transport aggregators.
'The government has the technical knowledge, infrastructure, and manpower. This model, if well implemented, will serve the interests of both service providers and users,' he added.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Hindu
6 hours ago
- The Hindu
‘AI may appear magical today, but it is grounded in decades of evolving logic'
Artificial Intelligence may appear magical today, but it is grounded in decades of evolving logic and computation, said Balaji Padmanabhan, director, Center for Artificial Intelligence in Business, Robert H. Smith School of Business, University of Maryland. He was speaking at a discussion hosted by The Hindu on the growing influence and integration of AI across domains. Beginning with the earliest chatbots of the 1960s, Prof. Padmanabhan spoke about how definitions of intelligence have evolved. Human intelligence, he said, is shaped by memory and experience, while AI systems learn from data and patterns. 'Everything in AI is a number,' he said, explaining how the concept of embedding allows machines to convert even abstract ideas into computable forms. Learning in AI happens through sequences of inputs and outputs, generating patterns and predictions at scale. Referencing AlphaGo -- Google DeepMind's system that defeated human champions in the board game Go, he elaborated reinforcement learning, where machines learn through trial, error, and feedback, though such systems still rely heavily on human-led design and training. He identified education, healthcare, and the military as major sectors where AI is gaining ground. The discussion also referred to Alpha, a school in Austin that uses AI to personalise learning. Responding to a question on AI regulation, Prof. Padmanabhan pointed out that even conventional teaching lacked defined guardrails and AI was no different. The discussion included questions on lateral thinking, embedded archives, AI in sports, games, and pain analysis. Emerging threat He also flagged prompt injection attacks as an emerging threat, where manipulated inputs could lead AI systems — especially large language models — into unintended or unsafe behaviour. On broader implications, he noted that reliance on AI may reshape human memory and cognition over time. Addressing governance, he emphasised the need for strong verification architecture, fair use policies, future-oriented planning, and compliance frameworks. 'We need to govern systems, not just AI,' he said.


Time of India
7 hours ago
- Time of India
Swiggy's Q1 losses double to Rs 1,197 crore, revenue rises 54%
Academy Empower your mind, elevate your skills Food and grocery delivery company Swiggy on Thursday reported another quarter of steep net loss and the second consecutive three-month period of cash burn over Rs 1,000 crore amid heightened quick commerce competition even as the company itself slowed down on dark store the April-June period, Swiggy's net loss doubled year-on-year to Rs 1,197 crore, while it spent Rs 1,053 crore of cash on a net basis, after accounting for operating, investing, and financing activities. The Bengaluru-based company's operating revenue for the quarter increased 54% to Rs 4,961 Bengaluru-based company also said that it is looking to offload its 12% stake in urban mobility startup Rapido, which has announced plans to enter the food delivery segment. Swiggy had invested around Rs 1,050 crore in the bike-taxi platform in 2022, and its stake is currently worth Rs 1,400-1,500 crore as per Rapido's last round valuation."When we got into Rapido, it was a mobility player doing really well and we wanted to partner with them on that journey. We've even had conversations with them on a partnership in food delivery but unfortunately that didn't materialise and they've decided to get into the business themselves. That's just a we're planning to go separate ways on this," said Sriharsha Majety, Swiggy's group CEO.


New Indian Express
10 hours ago
- New Indian Express
Swiggy to re-evaluate investment in Rapido over conflict of interest
Food-tech firm Swiggy will re-evaluate its investment in ride-hailing startup Rapido, citing a potential conflict of interest as the mobility company recently entered the food delivery space. 'Rapido is now the largest mobility player in India by rides, and has been a disruptor in its space. As a shareholder, we are extremely happy with their success and value-creation; but do acknowledge a potential conflict of interest that may arise in the future,' said Swiggy in its letter to shareholders on Thursday. It added, 'Our 12% minority stake has appreciated significantly since our investment (basis incoming interest) and we are actively re-evaluating our investment due to the above developments.' Rapido entered the food delivery space in June through a pilot called 'Ownly' in Bengaluru, charging restaurants a fixed fee per order. A proposal shared with restaurants shows that Rapido is positioning itself as a zero-commission, value-focused alternative to Swiggy and Zomato. Swiggy invested in Rapido in 2022. It holds approximately a 12% stake in Rapido which is valued at around Rs 1,020 crore based on Rapido's current valuation of just over Rs 8,500 crore. The ride-hailing company, which competes with Ola and Uber, has raised around $600 million so far. "Food delivery continues to attract new competition, with new players or models trying to enter this high-frequency, high customer-intent category every year. The key question is what new competition will unlock for the consumer, which we are not already doing at scale. Many of the new offerings we have created (including on affordability) and will continue to roll out, will be towards ensuring that competition does not get a clear opening." Swiggy stated in the letter.