Rapido, initially known for bike taxis, has overtaken Uber and Ola in India’s ride-hailing market, driven by its two-wheeler dominance. Uber CEO acknowledges Rapido as tougher competition, prompting fare cuts and a driver subscription model. While Uber leverages its financial strength to compete, Rapido focuses on sustainable growth despite cash burn. Post navigation ‘Oil weapon not quite tool of leverage’: Expert critiques Donald Trump’s India tariffs; calls policy ‘hypocritical’ Strong domestic demand: Fitch revises India’s GDP growth outlook upwards to 6.9%; expects another RBI rate cut this year
