Page 40 - Uber

Karnataka HC adjourns hearing on Uber plea against licence rules

State transport department has asked taxi aggregators to suspend operations till they secured licences under new norms

Uber raises price war with Ola Micro

Slashes its rates for Uber Go to Rs 6 a km from the existing Rs 8 a km in Delhi-NCR

Karnataka rules regressive, impossible to comply: Uber

Company had earlier run-ins with regulators across the world in France and the US

Uber looks to have its own payment wallet

Tata Group announced a tie up with Uber to offer drivers and owners a comprehensive vehicle purchase and financing solutions

Uber, Tata cos partner to offer finance and cars to Uber drivers

This will enable owners and drivers to buy select Tata Motors' cars on flexible financing from Tata financing arms

Uber to expand presence to 50 cities by year-end

It also announced partnership with Tata companies to offer driver partners on Uber platform a comprehensive vehicle purchase and ownership solution

Uber fined $900,000 in France for illegal service

Uber suspended UberPOP in France in July 2015 after an organised push from taxi drivers

French court slaps euro 800,000 fine on Uber, execs for illegal taxi service

The European Commission said this month that EU member states should only ban "sharing economy" services as a last resort

Uber installs meters in cabs to comply with Karnataka rules

The taxi hailing app is miffed with local transport authorities' refusal to accept its application

Uber to contest challan issued to its CEO

Delhi government had issued challans to company's top executives for alleged violation of the Motor Vehicles Act

Uber blinks, to comply with Karnataka rules for app-based taxi aggregators

Applies for permit, to abide by fare capping and no-surge pricing rules

Uber ramps up services in Chennai

'We launched Uber in Chennai 2 years ago, and this is a natural step forward,' Uber India General Manager said

We are on an investment mode in India: Uber

'We introduced cash payment here, which was a global first, said Uber India President

Uber says 25% trips in Delhi, Bengaluru are on uberPOOL

Cab aggregator expands service to three more cities, claims it has cut down number of km by 7 million since inception, saving 300,000 litres of fuel

Uber expands uberPOOL to 3 more Indian cities

The service was launched in the country about 6 months ago, which is currently available in Delhi & Bengaluru

Saudi funds to fuel Uber's India race

US taxi-hailing firm raises the money from Saudi Public Investment Fund to support global expansion

Uber turns to Saudi for $3.5-billion funding

In its quest to build a global empire, Uber has turned to the West Asia for its biggest infusion of cash from a single investor.Uber said on Wednesday that it had raised $3.5 billion from Saudi Arabia's Public Investment Fund, the kingdom's main investment fund, in one of the largest-ever investments into a privately held start-up.The money was part of the ride-hailing giant's most recent financing round and continued to value Uber at $62.5 billion. The investment, which was months in the making, does not cash out any of Uber's existing investors.Uber, which has viewed the West Asia as an important area in its expansion, said the investment further aligned the company with Saudi Arabia as the kingdom planned to transform its economy, reducing its dependence on oil and improving employment. Until now, Saudi Arabia has not been known for venture capital investing, though some members of its royal family have made some deals. Prince Alwaleed bin Talal, for instance, has invested in Lyft,

Uber takes Karnataka to court on new rules; says it is constitutional

This is the second time it has challenged local authorities after it took on the Delhi govt for denying it a licence to operate in the capital

Karnataka to Uber, Ola: Get licence or go off roads

Ola and Uber have committed to spending Rs 15,000 cr to win the taxi market

Selling Uber shares may be much tougher than you actually think

SharesPost, a broker of private technology stocks, approached investors with what seemed like an alluring offer: a potential investment in a fund that would hold Uber Technologies shares. In exchange for exposure to the high-flying ride-hailing startup, they were asked to part with at least $100,000 each and agree to hold the stake until the company goes public or gets acquired, with no vote in business decisions or visibility into its operations or finances.But SharesPost said it called off the proposed deal. The plan was to purchase as much as $10 million in preferred shares from Uber's most recent round of financing and package them in an investment fund to be sold at a premium, according to offering documents obtained by Bloomberg.SharesPost said it wouldn't pursue the transaction, citing a "lack of investor interest." "It became clear that the minimum funds would not be collected for this deal, and as a result, the sales team began to inform interested clients of this fact," Greg