Page 38 - Uber

Uber to lose at least $1.27 bn in first half of 2016

Uber lost about $520 million before interest, taxes, depreciation and amortisation in the first quarter this year

Uber lost at least $1.27 billion in first half of 2016 - Bloomberg

Subsidies Uber grants its drivers was the main reason for the loss, finance head Gautam Gupta told investors in a quarterly conference call

Uber says limited licences curb growth in Kolkata

Lack of cars are joining Uber platform because state transport department has issuing commercial licences in a restricted manner, said Ashwin Dias

UberEats launching in Tokyo

Launched in March this year, the delivery service is currently available in 28 cities across the world, reports Tech in Asia

Uber driver arrested in Mumbai for molesting foreigner

When she refused to sit in front seat with him, he came to the rear seat to clean the seat and touched her inappropriately

Uber acquires truck startup Otto, plans test run of driverless SUVs

Travis Kalanick said his company would put about 100 self-driving SUVs onto the streets of Pittsburgh

US judge rejects settlement deal in Uber driver suit

Uber in April announced an agreement to settle class-action litigation from drivers in two US states

Uber goes after Ola by launching web app in India's smaller cities

The new feature is up and running in smaller Indian cities of Nagpur, Kochi, Guwahati, and Jodhpur

Uber in legal bid to block new London taxi rules

Uber's customer support centre is currently based in Ireland and it is against moving its operations to London

Uber poaches Urban Ladder CTO to head India engineering centre

The move comes as Uber backed out of China, preferring to merge with rival Didi Chuxing for a minority stake, after admitting to losing money

Uber to increase headcount to 500 by year-end at Hyderabad facility

According to analysts, the move will allow Uber to focus more aggressively on the Indian market

Uber, Ola locked in high-stake battle for India market

With the government seeking to bring taxi aggregators players under its ambit, both firms are spending hundreds of millions to win customers

Taiwan set to order Uber to exit market

Earlier this week, Uber said it was selling its China business to rival Didi Chuxing after a bruising two-year price war in a challenging market

Uber faces Taiwan ban for operating illegally

Authorities say Uber does not have the proper registration to operate as a taxi service

Karnataka HC seeks clarity from state govt on app-based policy for cabs like Uber, Ola

The Judge also sought to know why aggregators like Uber had to fulfil the requirement of installing panic buttons in cabs and not other taxi drivers or owners in the state

Wounded Uber targets India after China loss

CEO Travis Kalanick's profit focus makes fight tougher in India

Uber to sell China business to rival Didi after losing billions

Didi Chuxing will buy Uber's brand, business and data in China. The combined entity would be worth $35 bn

Hail the winner

Uber reverses out of dead end in China

Didi to buy Uber's China business in $35 billion deal

Uber CEO Travis Kalanick will join Didi's board, while Didi Chuxing chief Cheng Wei joining the Uber board

Uber set to merge Chinese business with Didi Chuxing: Report

Combined entity to have valuation of $35 billion; investors in Uber China & others to get 20% stake in the firm