Uber, Ola apply for aggregator licences in Maha

First India Bureau Mumbai: Cab service providers Ola and Uber have applied to the Maharashtra government for aggregator licences, a Regional Transport Office (RTO) official said on Friday.

The Central and Maharashtra government require app-based companies to have a license.

Acting on a directive

First India Bureau of the Supreme Court, the cab service firms have applied for aggregator licences at Mumbai’s Tardeo RTO, which has jurisdiction over the entire island city, the official said. Since 2014, app-based taxis and autos have been operating in Maharashtra, but the government lacks efficient measures to address any violations by these operators, which could potentially be improved with the issu-

Mumbai: An educationist arrested in a money laundering case secured loans from banks for the renovation of his schools but ended up spending it on a luxurious lifestyle, the Enforcement Directorate told a special court here on Friday.

Vinay Aranha of the Rosary Education Group, a charitable trust that runs schools, was arrested by the Central probe agency on March 09 in an alleged loan fraud case. He was produced before Special PMLA Judge MG Deshpande, who remanded him in ED custody till March 20.

As per the central agency, Aranha is the secretary of the trust.

The Rosary Education Group had obtained a loan of around Rs20 crore form Cosmos Bank between 2015 and 2016.

“Investigation has revealed he has been leading a luxurious and highflying lifestyle. He has hosted several events involving Bollywood celebrities. He has recklessly spent funds which were meant for the educational purpose of his schools. He has also purchased several high-end luxury cars worth crores of rupees,” the ED told court.