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Uber Auto & Moto expected to drive Rs 36,000 crore in economic activity in India in 2024: Report

Uber Auto & Moto expected to drive Rs 36,000 crore in economic activity in India in 2024: Report

Wed, Oct 23, 2024

Ride-hailing app Uber on Wednesday released its 2024 India Economic Impact Report, according to which its Auto and Moto services are expected to drive Rs 36,000 crore in economic activity in the current calendar year.

Auto, taxi drivers begin 2-day strike in Delhi-NCR; demanding better compensation from cab aggregator services

Auto, taxi drivers begin 2-day strike in Delhi-NCR; demanding better compensation from cab aggregator services

Thu, Aug 22, 2024

Eighty per cent of autorickshaws and taxis are off the road in the national capital, Delhi Auto Taxi Transport Congress Union (DATTCU) president Kishan Verma claimed and said around 14 unions are participating in the protest.

Uber Green electric cabs launched in Kolkata

Uber Green electric cabs launched in Kolkata

Thu, Jun 20, 2024

Renowned cab service firm Uber has announced the launch of its flagship electric vehicle service, Uber Green, in Kolkata, marking a step towards eco-friendly urban transportation in the metro city.

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Uber selling failed auto-leasing business to startup

Uber selling failed auto-leasing business to startup

Wed, Dec 27, 2017

Earlier, in September, Uber shut down its money-losing "Xchange Leasing" business and has been seeking a buyer.

Uber rival Ola buys Foodpanda, to invest $200 million in food delivery marketplace

Uber rival Ola buys Foodpanda, to invest $200 million in food delivery marketplace

Tue, Dec 19, 2017

Ride hailing platform has acquired Foodpanda to get into the food delivery space in India.

Uber ties up with BBM messenger on ride booking

Uber ties up with BBM messenger on ride booking

Mon, Dec 18, 2017

The agreement means that BBM Messenger users, including both Android and iOS users, can book an Uber ride without leaving the BBM app, or being required to have a stand-alone Uber app on their phone, the company said.

Uber fraud case: Should've given court ex-employee's letter in Waymo case, says federal judge

Uber fraud case: Should've given court ex-employee's letter in Waymo case, says federal judge

Sat, Dec 16, 2017

Ride hailing company Uber was obligated to turn over to a U.S. federal judge a letter from a former employee that told of the company`s "fraud and theft" and mentioned evidence of stolen trade secrets nailed "like a scalp" to the wall, a court official said Friday.

Uber heads to court in fight for London survival

Uber heads to court in fight for London survival

Mon, Dec 11, 2017

Uber will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its licence in its most important European market.

Uber agrees to settle U.S. lawsuit filed by India rape victim

Uber agrees to settle U.S. lawsuit filed by India rape victim

Sat, Dec 09, 2017

Uber Technologies Inc and a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India have agreed to settle a civil lawsuit the woman filed against Uber in June, according to a U.S. federal court filing on Friday.

Uber paid 20-year-old Florida man to keep data breach secret: Sources

Uber paid 20-year-old Florida man to keep data breach secret: Sources

Thu, Dec 07, 2017

A 20-year-old Florida man was responsible for the large data breach at Uber Technologies Inc last year and was paid by Uber to destroy the data through a so-called "bug bounty" program normally used to identify small code vulnerabilities, three people familiar with the events have told Reuters.

Uber signs first Southeast Asian e-wallet deal with Vietnam's MoMo

Uber signs first Southeast Asian e-wallet deal with Vietnam's MoMo

Wed, Nov 29, 2017

The deal is Uber`s first e-wallet partnership in Southeast Asia, home to 600 million people, and could help the firm catch up with main regional rival Grab which has its own e-wallet service.

SoftBank offering to buy Uber shares at 30% discount

SoftBank offering to buy Uber shares at 30% discount

Tue, Nov 28, 2017

Japan`s SoftBank Group Corp <9984.T> is offering to purchase shares of Uber Technologies Inc [UBER.UL] at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.

Uber to disclose price on SoftBank deal early next week: sources

Uber to disclose price on SoftBank deal early next week: sources

Sat, Nov 25, 2017

Uber Technologies Inc plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service`s investors, two people familiar with the plans said on Friday.

Uber to partner with Mahindra for electric vehicles in India

Uber to partner with Mahindra for electric vehicles in India

Fri, Nov 24, 2017

Ride-hailing firm Uber Technologies will partner with automaker Mahindra and Mahindra to add electric vehicles on its platform in India, the two companies said in a statement on Friday.

Uber told SoftBank about data breach before telling public

Uber told SoftBank about data breach before telling public

Fri, Nov 24, 2017

Uber Technologies Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank Group Corp ahead of going public with details of the incident on Tuesday.

Uber paid hackers $100,000, concealed data stolen from 57 million accounts

Uber paid hackers $100,000, concealed data stolen from 57 million accounts

Wed, Nov 22, 2017

Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the data of some 57 million accounts of the ride-service provider, the company said on Tuesday.

SoftBank funding may spur Uber to re-think tough Southeast Asian market

SoftBank funding may spur Uber to re-think tough Southeast Asian market

Tue, Nov 21, 2017

SoftBank Group`s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say.

Focussed on making UberEATS profitable in India: Uber

Focussed on making UberEATS profitable in India: Uber

Wed, Nov 15, 2017

Cab hailing app Uber today said it is committed to making "serious investments" in its food delivery offering, UberEATS in the Indian market but is also mindful of ensuring profitability of the business.

SoftBank may not invest in Uber if deal not sweet enough

SoftBank may not invest in Uber if deal not sweet enough

Tue, Nov 14, 2017

SofBank has commented on its possible investment in the ride hailing app - Uber.

Uber's South Asia policy chief quits in latest senior departure

Uber's South Asia policy chief quits in latest senior departure

Tue, Nov 14, 2017

Uber`s chief of policy for India and South Asia has quit, two sources familiar with the matter said on Monday, in the latest high-level departure at the online taxi company.

SoftBank investment deal in Uber likely to be finalised next week

SoftBank investment deal in Uber likely to be finalised next week

Tue, Oct 17, 2017

Uber's board voted earlier in October to approve the Japanese tech conglomerate's cash infusion, which would add six more board seats and annul super-voting shares held by former CEO Travis Kalanick among others

Uber, Ola customer booking experience sees a decline in Q2 due to cab supply crunch

Uber, Ola customer booking experience sees a decline in Q2 due to cab supply crunch

Mon, Oct 09, 2017

The cab supply crunch especially during the peak hours seems to be having a direct impact on the customer booking experience of cab players such as Uber and Ola.

Travis Kalanick's move to reignite the power struggle in Uber backfires

Travis Kalanick's move to reignite the power struggle in Uber backfires

Wed, Oct 04, 2017

After ousted CEO and co-founder of Uber Travis Kalanick made a move to appoint two directors on the company's board, it now has decided to reduce his power of control on it.

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