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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 unveils IPO terms fall short of investors' expectations

Uber unveils IPO terms fall short of investors' expectations

Sat, Apr 27, 2019

Uber Technologies Inc, the world`s largest ride-hailing company, plans an initial public offering that values the company lower than the startup`s insiders had hoped, between $80.5 billion and $91.5 billion.

Uber Technologies to kick off investor road show with IPO terms on Friday

Fri, Apr 26, 2019

Uber`s moderation of valuation expectations reflects the poor stock performance of its smaller rival Lyft Inc following its IPO last month.

Uber allows Saudi women drivers to choose female passengers

Uber allows Saudi women drivers to choose female passengers

Thu, Apr 18, 2019

After running a pilot program to understand the preference of women drivers in Saudi Arabia, Uber has officially introduced a feature to let the drivers decide the riders. Uber announced the introduction of its 'Passenger Preference' feature in Saudi Arabia for the female drivers.

Factbox: How Uber and Lyft compare on key financial metrics

Factbox: How Uber and Lyft compare on key financial metrics

Fri, Apr 12, 2019

Both Uber and Lyft lose money though Uber has trimmed its losses in recent years. Uber`s adjusted loss before interest, taxes, depreciation and amortization was just over $1.8 billion in 2018 compared to $2.6 billion in 2017.

Uber plans to sell around $10 billion worth of stock in IPO

Uber plans to sell around $10 billion worth of stock in IPO

Wed, Apr 10, 2019

Uber is showing a realism that is being increasingly adopted by Silicon Valley unicorns, as stock market investors push back against some of the lofty price tags sought.

Uber buys rival Careem in $3.1 billion deal

Uber buys rival Careem in $3.1 billion deal

Tue, Mar 26, 2019

The acquisition makes Careem a wholly owned subsidiary of Uber and will keep the Careem brand and app intact, at least initially. Careem co-founders Mudassir Sheikha, Magnus Olsson and Abdulla Elyas are staying on with Careem following the acquisition, the companies said.

Ola ban in Karnataka: State govt open for talks

Ola ban in Karnataka: State govt open for talks

Sat, Mar 23, 2019

Karnataka kept the door open on Saturday to talks with local ride-hailing service Ola to avoid a ban that could help rival Uber build market share.

SoftBank, others in talks to invest $1 billion in Uber''s self-driving unit: Sources

SoftBank, others in talks to invest $1 billion in Uber''s self-driving unit: Sources

Thu, Mar 14, 2019

SoftBank Vision Fund is the largest shareholder in Uber with a 15 percent stake.

Uber hires more IPO underwriters as it prepares to go public, say sources

Uber hires more IPO underwriters as it prepares to go public, say sources

Wed, Mar 13, 2019

Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people familiar with the matter said on Tuesday.

Ola, Uber rival? Mahindra enters taxi service with this electric car

Ola, Uber rival? Mahindra enters taxi service with this electric car

Wed, Feb 27, 2019

Mahindra and Mahindra aims to make electric vehicles commercially viable.

Uber commuters alert! Cab aggregator gets this WhatsApp like feature: Check how to use it

Uber commuters alert! Cab aggregator gets this WhatsApp like feature: Check how to use it

Wed, Feb 13, 2019

One the leading cab aggregators in India, as well as the world, Uber has introduced a new feature to improve the experience of its users.

Ola losses narrow to Rs 2,842 cr for FY18; revenue zooms 61%

Ola losses narrow to Rs 2,842 cr for FY18; revenue zooms 61%

Fri, Feb 01, 2019

According to the documents filed with the Corporate Affairs Ministry, Ola narrowed its standalone losses significantly to Rs 2,676.7 crore, while revenues were up 44.6 per cent to Rs 1,860.6 crore in FY2018 compared to the previous financial year.

Uber to start speedboat services in Mumbai from February 1

Uber to start speedboat services in Mumbai from February 1

Wed, Jan 30, 2019

Hoping to tap waterways transportation in the country`s commercial capital, Maharashtra Maritime Board (MMB) has partnered with Uber to launch UberBOAT from February 1, a senior Uber official said here on Wednesday.

Uber starts pilot speedboat service in Mumbai

Uber starts pilot speedboat service in Mumbai

Wed, Jan 30, 2019

Ride-hailing app company Uber just launched UberBOAT, a speedboat service between Mumbai’s Gateway of India, Mandwa and Elephanta Caves. The service will kick off on Friday, 1 February and can be booked through the Uber app.

Uber aims to ramp up driver onboarding in India with new 'Fleet' app

Uber aims to ramp up driver onboarding in India with new 'Fleet' app

Thu, Jan 24, 2019

"There is an opportunity for people, who didn't approach us as they didn't own a vehicle, to now come onboard as a partner. We expect this (number) to be significant," he said.

Uber India revenue zooms to Rs 21.5 cr in FY18

Uber India revenue zooms to Rs 21.5 cr in FY18

Thu, Jan 03, 2019

The company, which competes with rival Ola in India and other international markets, had posted a total revenue of Rs 1.04 crore in 2016-17.

Uber, Ola to solve your Delhi Metro problems; here is how you will benefit

Uber, Ola to solve your Delhi Metro problems; here is how you will benefit

Thu, Dec 27, 2018

A pilot service on booking cars through two major cab aggregators at Delhi Metro stations was launched Wednesday, seeking to further boost last-mile connectivity for commuters.

Ads on Ola, Uber cabs likely to be cheaper in Delhi soon

Ads on Ola, Uber cabs likely to be cheaper in Delhi soon

Wed, Dec 26, 2018

Under the new policy, ad rates will be decided on cabs numbering over 400-500 cars at one go, and it would be cheaper in comparison to common rates, the report said citing official sources.

Fighting Fraud: SMEs are you hacked? This is how you can reduce the risk of fraud in the business

Fighting Fraud: SMEs are you hacked? This is how you can reduce the risk of fraud in the business

Thu, Dec 13, 2018

Oftentimes, the easy-going or laissez faire approach adopted by small businesses is a factor in their falling victim to opportunistic hackers.

Defunct startup Sidecar sues Uber: ''hell-bent on stifling competition''

Defunct startup Sidecar sues Uber: ''hell-bent on stifling competition''

Wed, Dec 12, 2018

Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc, alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business.

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