Both are using their war chest to offer incentives to drivers and discounted fares to riders. Traditional radio cabs and small-time operators are struggling to match up.
India's first DTH service provider, Dish TV, has started making profits after a long wait of 11 years. The Chairman of the Rs 2,733-crore company, Jawahar Goel, tells Ajita Shashidhar about the company's challenging journey. Edited Excerpts:
What sets apart a number of the Indian VC funds from their overseas counterparts in India is also their willingness to invest in start-ups at the business-plan stage, even before these have begun earning revenue.
Chairman Ajay Singh's hands-on approach has led to the gradual improvement in market share and financial performance in recent months. However, the challenges in front of SpiceJet are still daunting.
India Inc. has been very kind in distributing profits to their investors, but there is huge inconsistency between their profit and dividend payout growth.
The biggest reason is that India Inc.'s profits remain well below expectations. In spite of this, investors, in search of higher returns, have pushed up stock prices - especially of mid- and small-cap companies - far above what can be justified by earnings.