Page 25 - Uber

Uber to block riders who misbehave or damage properties despite warnings

These steps have been taken to strengthen safety of the drivers on Uber's platform

Uber India to try out buses, quadricycles, electric two-and three-wheelers

Firm is going to try out buses, quadricycles, and electric two- and three-wheelers

Uber India revenue zooms to Rs 21.5 cr in FY18; net profit Rs 19.6 lakh

US-based cab-hailing platform Uber saw its revenue growing manifold from India business to Rs 21.5 crore in the fiscal ended March 2018, according to documents filed with the corporate affairs ministry. 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 India Technology, which operates the on-demand cab service in the country, also saw manifold jump in net profit to Rs 19.6 lakh in 2017-18, compared with Rs 3.22 lakh in 2016-17, showed the documents, accessed by business intelligence platform Tofler. While Uber's losses mounted to USD 1.07 billion in the September 2018 quarter, the company had said it would continue to invest in Uber Eats and electric bikes & scooters businesses as well as in high-potential markets such as India and the Middle East. "As we look ahead to an IPO (initial public offering) and beyond, we are investing in future growth across our platforms, including food, ...

Uber's driverless cars return to public roads nine months after fatal crash

Uber's driverless vehicles are operating at drastically reduced speeds

France fines Uber 400,000 euros over 2016 data breach exposing clients info

Last month, the Netherlands imposed a 600,000-euro fine over the breach and Britain ordered Uber to pay 385,000 pounds

Uber dealt another blow in UK, loses bid to block worker rights for drivers

Uber, which could be valued at $120 billion in a flotation, has faced protests, regulatory crackdowns and licence losses around the world as it challenges existing competitors and rapidly expands

After Lyft, Uber confidentially files for initial public offering: Report

Uber's most recent valuation was $76 billion, and could be worth $120 billion in an IPO

Lance Armstrong's early investment of $100,000 in Uber made him $20 million

Armstrong in 2009 invested $100,000 in Chris Sacca's newly started Lowercase Capital, CNBC reported. One of the firm's bets was on the ride-hailing startup that was then valued at $3.7 million

Grocery and autos: Uber's biggest moat in India

Uber is banking on autos to increase the number of rides and build a successful groceries business

Strange story of Uber's massive fund raising deal from Saudi govt

Two years ago, the money helped Uber settle its war with Didi Chuxing in China, fortified its position against rival Lyft Inc

Uber to appeal Singapore's competition watchdog decision on Grab deal

Uber said that the Compitition Commission's ruling that the transaction led to a substantial lessening of competition, and that Uber had intentionally breached the law, was unsupported and incorrect

With an ambitious timeline, Uber eyes 2021 for food delivery drones launch

Uber is crafting a narrative around its ambitions as it eyes a 2019 IPO to woo investors who may be skeptical over its scandal-plagued past and lack of profits in the ride-hailing business

After battling for customers, Uber, Lyft may fight for IPO investors

At $120 billion, Uber's debut on Wall Street would be the biggest since the Alibaba Group of China began trading on the New York Stock Exchange in 2014

Uber mulls selling minority stakes in its costly self-driving car unit

Uber received interest from potential investors and could spin off its Advanced Technologies Group into a separate business unit with its own valuation and equity

Wall Street bank proposals value Uber at $120 bn in a possible IPO

That eye-popping figure is nearly double Uber's valuation in a fundraising round just two months ago and more than GM, Ford Motors and Fiat Chrysler Automobiles NV are worth combined

The tough new boss Uber drivers have got is an algorithm, not a human

For Uber drivers, the workplace can feel like a world of constant surveillance, automated manipulation and threats of "deactivation"

Taxiing into new zones: Soon, Uber to deliver grocery at your doorstep

Uber has been quite bullish about its Uber Eats business globally, which, according to it, has been growing 200% per year and has a $6 billion run rate

Uber will consider all modes of transport, says Pradeep Parameswaran

Two-wheelers in India have a tremendous applicability as a use case for short distances

Soon Uber customers, drivers will contact each other through app only

The ride-hailing company said that it has been one of the demands from riders and drivers

Uber drives back to China: But for making bikes, not ride-hailing service

Uber sold its operations in China to Didi Chuxing in 2016 after suffering heavy losses