CAR HIRE BUSINESSES
Rent-a-Cab rules eased, fleet can have just five cars
The government believes lowering the threshold will encourage small entrepreneurs, startups and local operators to enter the market. Existing operators will also be able to expand into new locations using a smaller fleet of just five cars. The proposals are part of the draft Rent-a-Cab Scheme 2026, which is set to replace the country's 37-year-old regulatory framework from 1989.
Who is Yella Beezy aka Markies Conway? Dallas rapper sentenced to life in prison for paying a gunman $40,000 to fatally shoot fellow rapper MO3 on a busy interstate in 2020
Yella Beezy, whose real name is Markies Conway, has been found guilty of capital murder in Dallas. He hired the gunman who shot fellow rapper MO3 dead on a busy interstate in 2020. Authorities said that Conway paid $40,000 for the shooting, which stemmed from an escalating feud. Both rappers were well-known figures in the Dallas music scene at the time.
Yella Beezy verdict, trial update: Rapper Markies Conway convicted of hiring gunman who killed MO3 Melvin Noble
Prosecutors said the killing was the result of an yearslong escalating feud between Yella Beezy Markies Conway and MO3 Melvin Noble.
Dubai in Transit: The megalopolis is trying to shake off nightmarish war months, but caution remains in the air
Dubai is struggling to regain business momentum eight months after Iranian missile strikes disrupted tourism, real estate and other sectors. While tourist arrivals and hotel occupancy have recovered from their March lows, the recovery has stalled amid renewed regional tensions.
Fed holds rates as inflation stays high, signals more hikes amid AI boom and energy costs
The Federal Reserve held its key rate steady at around 3.9%, signaling cautious optimism about inflation trends. Chairman Kevin Warsh emphasized the importance of inflation control while dismissing political influences on monetary policy decisions. Analysts expect a potential rate increase at the next meeting as inflation persists, affecting consumer sentiment. Some Fed officials dissented, indicating ongoing discussions about future rate hikes remain relevant.
AI fear makes companies look powerful and helps them raise funds: Andrew Ng
In an exclusive interview with The Economic Times Digital, Andrew Ng argues that the immediate challenge is to prepare people for work that increasingly involves AI. He notes that computer science students, who have never used a coding agent or are connected to an advanced AI model, even as those skills become essential, continue to graduate from universities.
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When it comes to Trump's economy, these are the numbers that matter before mid-term elections
United States President Donald Trump attempted to convince voters before the upcoming mid-term elections that the American economy is growing. However, voters have maintained the negative effects of inflation caused by the Iran war. The economy is seeing slowing job growth and widening income inequality, with high interest rates encumbering housing and automobile purchases.
From Rs 25,000 engineering salary to Rs 2 lakh monthly: Techie's story of how he earned 8 times more as cab driver goes viral. 'Today, he owns 4 cars...'
An engineering graduate decided to ditch corporate career . Today, he earns eight more than he did as a techie by becoming a full-time cab driver. Taking to LinkedIn, marketing professional Yash Patel revealed how he met a driver who was an engineering graduate and was earning Rs 25,000 per month in a tech job. Today, he is earning over Rs 2 lakh per month and has four cars.
Want an early signal on the economy and stocks this festive season? Watch 19 stocks, and what their managements say in the next 20 days
There is a set of companies that sees the shape of the economy before economists do. They know when a household decides to spend or hold back; to buy better things or cheaper ones. This festive season, what these companies sell, and what they say about it afterwards, will tell you more about where consumption is headed than any official number. Watch them closely. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
RJ Mitte dies at 34: What we know about the ‘Breaking Bad’ star’s family, fiancée and net worth
RJ Mitte, renowned for his role as Walter White Jr. in Breaking Bad, has sadly passed away, leaving behind a powerful legacy. Beyond his acting career, he championed disability rights and worked tirelessly to increase representation within the entertainment industry. Overcoming significant personal challenges, including the care of his family following his mother's accident, Mitte inspired many.
Rapper Lucki injured. A look at his controversies: New Drank hitmaker’s ex-manager sued him for $1.5 million, claiming he destroyed his savings. A client accused him of wasting his $60,000
Rap star Lucki was allegedly stabbed during a scuffle that took place between him and a member of Playboy Carti’s crew at ComplexCon. While the reasons behind the altercation are yet to be unveiled, the New Drank hitmaker had made news recently for getting into trouble with his former manager and a promoter for his unprofessional behaviour.
AI productivity gains reflecting in salaries would take another 12 months: Wipro’s Jasjit Kang
Wipro’s Jasjit Kang says broad productivity improvements remain elusive as the company looks for stronger AI, problem-solving and learning skills in new hires.
New indicator for New India: 25 stocks whose numbers can reveal what is in store for the economy and the stock market
For decades, there was a familiar way to understand the Indian consumer. Economists waited for GDP, industrial production, inflation, credit growth and other official numbers, and then used them to work out whether households were spending more or pulling back. Those indicators still matter. But the Indian consumer has changed faster than the dashboard used to track consumption and spending patterns. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Chicago dug 60 miles of freight tunnels under the Loop in 1899 and forgot them; in 1992, a damaged wall let the river in, and losses topped $1 billion
Chicago's forgotten freight tunnels were constructed to ease street congestion, acting as essential channels for coal and parcels. However, neglect set in, tarnishing their initial purpose. A pivotal moment came in 1992 when a structural failure led to severe flooding, revealing the dire need for strict infrastructure management. Now, only a handful of these tunnels are still in operation, highlighting the ongoing necessity for vigilant maintenance of urban facilities.
In 1890, engineers connected two English towns separated by a cliff; the water-powered railway still carries passengers more than 135 years later
The Lynton and Lynmouth Cliff Railway, a marvel of engineering since 1890, ingeniously employs gravity and river water to transport two carriages. Designed specifically for the challenging incline, it continues to stand as the UK's sole fully water-powered funicular. As a historic means of transport, it provides a unique zero-emissions travel alternative, effectively eliminating reliance on electricity.
She lives in Yellowstone, but once had a corporate job earning $75,000 in Chicago: 26-year-old learns why sometimes earning less still makes financial sense
A 26-year-old woman walked away from a $75,000 corporate job in Chicago and moved to Yellowstone National Park to work as a seamstress. Her new salary is far lower, but the career switch has also brought a very different cost of living, daily routine and way of looking at work. What made her give up a comfortable corporate career, and how has the move changed the way she manages her money.
In 1940, Frederick McKinley Jones patented a refrigerator tough enough for moving trucks; it changed how fresh meat and dairy could travel long distances
In 1940, Frederick McKinley Jones revolutionized the transportation of perishables by patenting a refrigeration unit specifically for trucks. This pivotal invention made it possible to transport food over long distances without decay, laying the groundwork for today’s refrigerated trucking industry. As a result, grocery stores could now provide customers with fresh produce sourced from far and wide, drastically reshaping the landscape of food distribution across America.
How Trump's war on EVs derailed America's auto-factory revival | Explained
US electric vehicle projects and jobs face setbacks due to policy shifts. Automakers canceled billions in investments and thousands of jobs were lost. Many affected states supported Donald Trump in the 2024 election. This situation contrasts with China and Europe's EV market growth. The industry now focuses on energy storage batteries and gasoline vehicles.
In 2015, Beyonce accepted about $6 million in Uber stock instead of cash for a performance; 4 years later, the company went public at an $82 billion valuation
Beyoncé and Uber story remains a striking example of how celebrity culture, technology startups and equity compensation converged during Silicon Valley’s explosive growth years. In 2015, accepting reported Uber stock instead of cash for a performance could have looked like an unconventional compensation choice.
Flipkart plans to hire 250,000 workers to meet festive blitz
Flipkart plans to hire over 250,000 workers for the upcoming festive season. This significant recruitment drive will increase last-mile delivery positions by 60 percent. Approximately 75,000 new workers will be entering the workforce for the first time. The company is expanding its delivery network with new hubs and employment opportunities. This expansion aims to meet rising customer demand during the Big Billion Days event.
Party's over for crypto scammers who went on a spending spree after a $240 million bitcoin theft
In a bold social engineering heist, young con artists pilfered over $240 million in bitcoin, leading to an extravagant month of luxury splurges, complete with stylish mansions. The FBI has arrested Malone Lam, alleged leader of the gang, alongside 17 others, underscoring a disturbing trend of cryptocurrency frauds reported to them. With rising criminal activity, law enforcement is intensifying efforts to prosecute these offenders and reclaim the misappropriated assets.
Hyundai Motor India targets 20% women in executive roles by 2030
By the year 2030, Hyundai Motor India is targeting a significant increase to twenty percent female representation within its executive ranks, which currently comprises more than eight percent women. The organization is witnessing a surge in women enrolling in trainee programs and is rolling out initiatives designed to boost their leadership opportunities and career development. This approach supports the company's commitment to ESG frameworks and the UN Sustainable Development Goals.
Cars24 plans to hire over 500 employees across verticals in the next quarter
The company will be hiring for both tech and non-tech related roles and has opened positions in departments including technology, product, data sciences, engineering, business, customer success, human resources, finance, marketing and sales. The new hires will play a critical role in driving the next phase of growth at Cars24 as the company scales its operations and expands further.
CarDekho hires CEO for Indonesia business
Rafly will be the first CEO for the company, coming on board from Indonesian fintech firm DimoPay.
Bhavish Aggarwal’s Ola Electric is beefing up hiring for ambitious car project
Ola is expected to release blueprint on August 15.
Used car sellers are on a hiring spree as demand shoots through the roof
Used car retailer Spinny said that it wants to add at least 5,000 new roles through 2022 as it more than doubles its team of about 4,000 at present.
Startup Jobs: 2020's unicorns look to ramp up hiring in 2021
Newly minted startup unicorns—Pine Labs, Zenoti, Postman, Razorpay, Cars24 and Glance—are scaling up teams by 10-100% to drive market expansion and invest in product development.
Startups, e-commerce companies gun for IITians to boost firepower
These companies are increasingly looking at engineers for roles in operations, marketing, business finance, procurement, etc.
Apple's new auto executive Doug Betts is a perplexing hire
Landing at Apple, and presumably being hired to focus on some aspect of Apple's rather mysterious car project, is a magnificent recovery for Doug Betts.
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