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Uber, Ola Face Off in Battle for India's Booming Taxi Market

Aiming to wrest control of India's booming taxi market, two cab-hailing smartphone apps - Uber and Ola - are promising hundreds of millions in new investment while also facing off with one another in court. San Francisco-based Uber reportedly plans a $500 million infusion of new funds, apart from the $1 billion already committed over the past nine months, according to Indian newspapers. The company declined this week to comment on those reports. Meanwhile, Ola Cabs promises to add...

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