Page 16 - Uber

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

Caifornia court orders Uber, Lyft to classify their drivers as employees

The court affirmed an injunction that was issued on August 10, requiring the two companies to classify their drivers as employees rather than freelancers

Uber joins forces with SK Telecom to crack tough South Korea market

SEOUL (Reuters) - Uber Technologies said on Friday it will invest more than $150 million in a joint venture and partnership with South Korea's SK Telecom Co Ltd <017670.KS>, which is proposing to split off its mobility business.

Uber ropes in Amazon veteran Manikandan Thangarathnam as mobility head

The ride-hailing giant has also strengthened India tech team, taking ongoing hiring to 225 engineers

In a first, Amazon Pay, Uber partner to allow Indian users to pay for rides

India is the first market where the two American companies have formed such an alliance

Our business in India is in very solid shape: Uber CEO Dara Khosrowshahi

In an interview, KHOSROWSHAHI discusses with Surajeet Das Gupta the impact of the new social security code on the firm's driver partners and the performance of the firm after the lockdown in India

Uber, Bidhannagar Police enter pact for safer mobility amid Covid-19

Uber and Bidhannagar Police have entered into an agreement to make urban mobility safer amid Covid, with steps that include certification for drivers on health protocols and boosting public awareness