Page 16 - Uber

Uber sells its self-driving car business to Aurora for $4 billion

Uber is selling its autonomous driving unit, Advanced Technologies Group, to self-driving car startup Aurora, in a move that would accelerate the ride-sharing company's goal to achieve profitability

Optiver makes highest international offer of Rs 1.39 crore pa at IIT Bombay

Microsoft, Texas Instruments among top recruiters at IITs in terms of offers

Australia a key market, Ola says amid reports of reduced operations

At a time when Covid-19 is pounding the transportation industry, it has been reported that Ola has closed local driver offices in Australia and suspended personal accident insurance for drivers there

Ola, Uber rides to get cheaper? Govt's new guidelines for app taxi firms

In this podcast we will talk about new regulations for cab aggregators, penalties in case of violation among other things

Fixing what isn't broken

The new ride-hailing regulations are ill-conceived

Uber, Ola surge price capped; 10-hour break must for taxi drivers

Firms face penalties, including loss of licence, for violation of govt guidelines

SoftBank hits new 20-year high as Uber gains and DoorDash plans IPO

Nomura Holdings raised its target to 9,100 yen from 8,190 yen citing the same reason. Both brokerages have a buy rating on SoftBank.

India to allow Uber and rivals to charge 20% commission

India accounts for an estimated 11% of Uber's global rides annually

Govt brings out new rules for tighter scrutiny of ride hailing apps

The government has said that non-compliance with these norms would also invite penalties

Uber looks to partner with other self-driving companies, says CEO

The talks have been ongoing since October though there is no certainty a deal will be reached

Uber in talks to sell its ATG self-driving unit to Aurora: Report

The talks are still ongoing and there is no certainty a deal could be reached

Ola sees full recovery in cities, says demand to continue after festivals

The SoftBank-backed ride-hailing firm had seen a massive slump during the lockdown but is now seeing close to 100 per cent recovery in key cities

Uber launches 'PIN-Dispatch' feature at Delhi airport to reduce wait time

Ride hailing major Uber on Monday said it has launched its 'PIN-Dispatch' feature at Delhi airport, aimed at reducing wait time and enhancing rider experience. The feature, which is already available at Bengaluru and Hyderabad airports, will be available at Terminal 3 (T3) of Indira Gandhi International Airport, a statement said. "Starting today, when riders request an UberGo at IGI International airport, they'll receive a unique six-digit PIN which will be used to match them to the first available driver at the pickup zone, reducing waiting times to almost zero," it added. The rider will be required to provide the PIN to the driver, who will input the one-time numeric code into the app, commencing the ride, it said, adding that riders will receive the driver and vehicle details for additional verification checks. Uber said it had initially launched PIN-Dispatch at Bengaluru and Hyderabad airports, resulting in 80 per cent reduction of wait times and improved traffic flow at dedica

Uber sees slowest recovery of ride biz in home US market, deliveries double

Ride-hailing customers who have returned are proving to be price-sensitive, pressuring margins in what was once Uber's largest and most important segment

Uber sees slowest recovery of US ride business, deliveries more than double

Uber said demand for its food-delivery service exploded in the latest quarter, but recovery in its global rides business is being held back by its most

Ola, Uber appear before Joint Parliamentary Committee on data protection

A member of the JPC said that Ola was committed to data localisation and told the members it shared data only with associate companies

Uber, Lyft win California vote to treat drivers as contractual workers

Companies like Uber and Lyft got a major relief in California after a ballot measure went in their favour exempting them from a state law to treat drivers as employees

Uber, Lyft shares soar over 15% after California ballot victory

Uber, Lyft and other ride-hailing apps spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping drivers from becoming employees

Californians back Uber proposal to keep gig economy workers as contractors

The ballot proposal by Uber and its allies had sought that app-based food delivery and ride-hail drivers' status should remain 'independent contractors', not be changed to employees

Uber to offer 12k free rides to National Association for Blind in 8 cities

The association, which will be valid from October to December 2020, will enable their safe access to educational and training institutes as well as work places in eight cities, a statement said