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Ola scores a duck for third consecutive year in rankings for fairness of gig work
Money Control
·
1y ago
Medial
According to Fairwork's ranking of e-commerce platforms in terms of fairness to gig workers, Ola has scored zero out of 10 points for the third consecutive year, remaining at the bottom of the table. BluSmart emerged as the front-runner in the ride-hailing space with 5 points, while Uber scored just 1 point. BigBasket topped the fairness table with 6 points, followed by Zomato, Swiggy, Urban Company, and BluSmart with 5 points each. No platform scored more than 6 out of 10 points, and none scored all the first points across the five principles of fairness.
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Karnataka announces cess on transactions conducted through aggregator platforms to support gig workers
Economic Times
·
9m ago
Medial
The government of Karnataka plans to impose a new cess on transactions made through aggregator platforms like Zomato, Swiggy, Ola, and Uber. The move aims to provide social security to gig workers. The accrued funds will be used for gig workers' welfare. The state government has drafted a bill to protect the rights of platform-based gig workers, which includes obligations on aggregators regarding social security, transparency, and occupational health and safety. Gig work falls outside traditional labor laws in India, and this measure seeks to address that gap.
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Ola, Porter, Uber, Dunzo among worst platforms for gig workers: Fairwork India report
Economic Times
·
1y ago
Medial
According to a report by research firm Fairwork India, Ola and Porter have been ranked as the worst platforms for gig workers, scoring zero out of 10 for fair work standards. The report evaluated 12 platforms, including Uber and Dunzo, against fair pay, fair conditions, fair contracts, fair management, and fair representation. No platform scored more than six out of ten points, with BigBasket being the top performer. BluSmart, a relatively new player in the ride-hailing sector, scored higher than established platforms. The report calls for structural changes to ensure decent work for gig workers.
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LinkedIn plans to add gaming to its platform
TechCrunch
·
1y ago
Medial
Microsoft-owned social media platform LinkedIn is reportedly developing a games experience to increase user engagement. Its three initial games will be called 'Queens', 'Inference', and 'Crossclimb'. LinkedIn is experimenting with organising player scores based on places of work, creating rankings for different companies. A LinkedIn spokesperson confirmed the gaming initiative, stating that it aims to add puzzle-based games within the LinkedIn experience to deepen relationships and spark conversations. However, the spokesperson did not disclose a launch date or Microsoft's involvement in the project.
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Ola Electric Shares Fall 6% Intraday, Marking Loss For Three Straight Sessions
Inc42
·
11m ago
Medial
Shares of Ola Electric, led by Bhavish Aggarwal, fell by as much as 6% during intraday trading on the BSE. This marks the third consecutive session of losses for the company's stock. As of 1:25 PM, the stock was trading at INR 120.90, a 4.2% drop from its previous close of INR 126.21 on Friday. Ola Electric currently has a market capitalization of INR 53,675 Cr.
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Ola, Uber and Porter score zero in Fairwork India Ratings 2024
Entrackr
·
10m ago
Medial
Mobility companies Ola, Uber, and logistics firm Porter ranked lowest in working conditions for gig workers, as reported by the Fairwork India Ratings 2024. The report underscores labor standards within India’s platform economy and emphasizes the urgent need to improve conditions for gig workers. The evaluation assessed 11 platforms across various sectors, including logistics, food delivery, and transportation, such as Amazon Flex, Bigbasket, BluSmart, Flipkart, Ola, Porter, Swiggy, Uber, Urban Company, Zepto, and Zomato. The Fairwork India Team, led by the Centre for IT and Public Policy (CITAPP) at the International Institute of Information Technology Bangalore (IIIT-B), in collaboration with Oxford University, has released the Fairwork India Ratings 2024. Tata Digital-owned BigBasket has emerged as the top performer in the Fairwork Index, along with Swiggy, Urban Company, and Zomato, each scoring 6 points. Notably, no platform scored more than 6 out of the maximum 10 points, and none fully met all five principles: Fair Pay, Fair Conditions, Fair Contract, Fair Management, and Fair Representation. The report further highlights that only BigBasket and Urban Company earned the first point under Fair Pay for implementing a minimum wage policy, ensuring that all workers earn at least the local minimum wage after work-related costs. In the 2023 Fairwork Ratings, BigBasket topped the list with a score of 6 out of 10, followed by BluSmart, Swiggy, Urban Company, and Zomato, each scoring 5. Zepto received 4 points, Flipkart scored 3, Amazon Flex scored 2, while Dunzo and Uber scored 1. Ola and Porter received zero points, reflecting significant gaps in working conditions for gig workers. BigBasket, which topped the Fairwork ratings, recently announced its full transition into quick commerce. Meanwhile, Swiggy is preparing for its stock market debut. Urban Company, which led the rankings in 2022, has recently been in the news for multiple secondary offerings and ESOP buybacks. Zomato, noted for its valuation, is currently India’s most valued tech company, with a market capitalization nearing $30 billion.
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Ola Electric shares hit 20% upper circuit on affordable EV scooter launch and Citi's 'Buy' call
Economic Times
·
8m ago
Medial
Ola Electric shares surged by 20% on the announcement of the launch of two new affordable electric scooters, priced at Rs 39,000, making them the cheapest in Ola's lineup. The scooters, called Ola S1 Z and Gig, are aimed at gig workers and urban commuters, respectively. Ola has already started accepting reservations, with deliveries expected to begin in April 2025. Citi also played a role in boosting Ola Electric's shares by initiating coverage with a 'Buy' rating and a target price of Rs 90.
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Karnataka govt seeks inputs on Gig and Platform Workers Bill
YourStory
·
1y ago
Medial
The Bangalore Chamber of Industry and Commerce conducted a consultative session on the Gig and Platform Workers Bill. Topics of discussion included the precise definition of a 'gig worker', provisions for social security, welfare fund, incentive structures, and financial levy mechanisms. Representatives from Ola, Uber, Flipkart, Zomato, Dunzo, FreshOn, Zepto etc participated.
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Relief For Ola: Karnataka HC Stays Order Declaring Drivers As Startup’s Employees
Inc42
·
10m ago
Medial
- Karnataka High Court vacation bench stayed the ruling on the relation between Ola and its drivers as employer-employees. - Earlier ruling required Ola to pay INR 5 lakh compensation to a woman customer who faced harassment by a cab driver. - The ruling could have had broader implications for the gig economy if upheld. - Ola parent company ANI Technologies was at the center of the legal dispute. - The vacation bench's decision provided temporary relief to Ola and its business model.
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Onboard Gig Workers On e-Shram Portal In 3 Months: Labour Min
Inc42
·
10m ago
Medial
Mansukh Mandaviya, the Union Minister, instructed officials to create a committee for the social security of gig workers. He also urged aggregators to list job openings on the National Career Service. These actions are taken in response to concerns about the working conditions of gig workers, such as excessive work hours and low pay.
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This silent workforce is draining $15 billion a year. India’s biggest crisis hides in plain sight - This silent workforce is draining $15 billion a year. India’s biggest crisis hides in plain sight BusinessToday
Business Today
·
4m ago
Medial
India's gig economy, quietly revolutionizing informal work, affects 500 million workers. Despite contributing an estimated 1.25% to GDP by 2030 with 23 million construction, 19 million manufacturing, and 18 million transportation jobs, systemic failures cost $15 billion annually. Gig workers include financially strapped solo earners and aspiring entrepreneurs. A significant portion of workers face underemployment, while gig roles in households are rising. Background checks and platform use are pivotal for reliability and pricing transparency.
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