Page 11 - Uber

SoftBank plans Vision Fund job cuts after record $23.1-bn net loss in Q2

SoftBank was in a bubble on valuations, no sacred areas for cost cuts, says CEO

Need to address gap due to India's jobless growth, says Anand Mahindra

On inflation, he said that though it's a concern from the business angle, it can nevertheless provide a minimum threshold of returns on productive assets

Uber sells entire stake in Zomato; pockets Rs 3,088 cr, makes 2.4x returns

Fidelity Investment Trust Fidelity Series Emerging Markets Fund bought 54.4 mn shares worth Rs 274 cr and ICICI Prudential Life Insurance bought another Rs 226 crore, showed block deal data

EV firm River gets $11 mn in funding to set up manufacturing plant

Uber and Twitter investor Chris Sacca's fund backs Bengaluru-based company preparing its first electric scooter

Uber users in Delhi, NCR can book their rides using Hindi on WhatsApp

Uber users can now avail its services on WhatsApp in both Hindi and English languages

Zomato shares close on a flat note after falling sharply in early trade

In morning trade, the stock had slumped 9.62 per cent to Rs 50.25 on the BSE. Later, it recovered most of the lost ground and ended at Rs 55.40 apiece, lower by 0.36 per cent.

Zomato says 'not privy' to shareholders' plan as Uber sells 7.8% stake

After Uber sold its 7.8 per cent stake worth over $390 million in Zomato, the Deepinder Goyal-run company said on Wednesday it is not privy to what its shareholders are doing with their shares.

Uber likely to exit Zomato on Wednesday; puts entire 7.8% stake on block

Share sale could fetch as much as Rs 3,300 cr

Uber likely to sell stake in Zomato in mega block deal tomorrow: Report

The offer size of $373 million was based on the lower end of a Rs 48-Rs 54 price range set for the block deal, shows a document

Ola and Uber in merger talks; Bhavish meets Uber execs in US: Report

'Absolute rubbish. We're very profitable and growing well. If some other companies want to exit their business from India they are welcome to! We will never merge,' tweets Ola CEO

SoftBank's deal flow halved in Apr-June after portfolio takes heavy losses

Low tech valuations are draining SoftBank's ability to turn public listings of its portfolio companies into liquidity to fuel its outsized bets

Uber files: UK union stages 24-hour strike to make CEO accountable

In the wake of the shocking Uber Files revelations, the UK's App Drivers and Couriers Union (ADCU) staged a 24-hour strike till Wednesday, demanding that the ride-hailing platform be held accountable

TMS Ep220: Windfall tax, urban flooding, recession-proof stocks, Uber files

Why has the govt slashed windfall tax on fuel exports? Why urban India gets flooded every monsoon? Which stocks are investment-worthy amid imminent recession? What are Uber files? All answers here

What are Uber files?

From lobbying world leaders to circumventing local regulations, Uber indulged in shady practices in its bid to spread business. This report offers insight into the Uber files and their dark secrets

Uber adds safety net: Riders can now share live location updates with cops

Riders or drivers will be able to share their live location along with their name and contact details at the swipe of a button on the Uber app with the police

Quality standards for gig, shared economy players soon: top govt officials

Indian Bureau of Standards also mulling adoption of ISO benchmarks; need for standardisation also arises from increasing number of complaints received by consumer affairs ministry lately

Uber rolls out a slew of changes after forming driver advisory council

Uber has decided to do away with the trip acceptance thre­shold and rolled out the un­conditional upfront drop-off destination feature

Uber driver will be able to see trip destination before accepting ride

Uber on Thursday said its drivers would be able to see the final destination of the passenger before they accept the ride as it looks to cut down on trip cancellation post-booking of the trip. The move follows feedback that the ride-hailing app received from its National Driver Advisory Council which was launched in March 2022 to facilitate a two-way dialogue between Uber and drivers across six metro cities to address key issues. "To enhance transparency and remove frustration for riders and drivers, drivers on the Uber platform across India will now be able to see the trip destination before they decide to accept the ride," Uber said in a statement. The company said it had done a pilot project in May on the same which yielded encouraging results in the reduction of trip cancellations. "Uber has decided to do away with the trip acceptance threshold and rolled out the unconditional feature to all cities. Uber will continue monitoring feedback from drivers and riders and make changes

Uber gets into damage control with the story of a changed company post 2017

Uber's comment on an ICIJ report on the manner in which it flouted local rules to build its business is revealing as it seeks to wash its hands off the management's deeds pre-2017

"Shift blame to flawed Indian system": How Uber reacted to 2014 rape case

When an Uber cab driver raped a 25-year-old passenger in Delhi in 2014, the company's first response was to "shift blame to flawed Indian background checks"