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Ola likely to raise funds at 40% lower valuation
Fri, Nov 25, 2016
The news about the company raising $600 million was first reported by PTI in the beginning of the month.
Ola wants govt to stop 'capital dumping' by rivals
Sun, Nov 06, 2016
Ola is present in 102 cities and claims over 4,50,000 drivers on its platform with cabs, auto-rickshaws, taxis and bike taxis.
Future jobs to be driven by digital tech: Kiran Mazumdar-Shaw
Mon, Oct 31, 2016
Automation and digital technologies will drive jobs of the future even as they cannibalise conventional employment while creating a large number of new opportunities, says biotech entrepreneur Kiran Mazumdar Shaw.
Uber inks pact with Electronics and IT Ministry for driver training
Sat, Oct 15, 2016
Transportation app Uber has signed an agreement with Ministry of Electronics and IT's Common Services Centres (CSCs) for skilling drivers on its platform.
Saudi Arabia, SoftBank aim to be world's No 1 tech investor with $100 billion fund
Sat, Oct 15, 2016
Saudi Arabia and Japan's SoftBank Group will create a technology investment fund that could grow as large as $100 billion, making it one of the world's largest private equity investors and a potential kingpin in the industry.
Uber to launch UberEats; aims to win Japan's heart through its stomach
Wed, Sep 28, 2016
Uber Technologies on Wednesday said it will launch a food-delivery service in Japan as it looks for new ways to enter a potentially massive market where its ride-hailing service has been blocked by regulation and opposition from taxi drivers.
Uber launches 'Schedule a Ride' feature in India; to allow users to book cab up to 30 days in advance
Thu, Sep 22, 2016
Ride hailing app Uber on Thursday launched a 'Schedule a Ride' feature that will allow users in over 20 cities in India to book rides up to 30 days in advance.
Apple eyes deal with carmaker McLaren: FT
Wed, Sep 21, 2016
US tech giant Apple is in talks with British supercar maker McLaren about a possible acquisition, the Financial Times reported on Wednesday.
ASCI pulls up brands for false ads, many repeat offenders
Tue, Sep 20, 2016
It was noticed that there were some other brands continue to be pulled up by the self-regulatory body and do not adhere to the its warnings.
SoftBank-led investor group invests $750 million in taxi-hailing app Grab
Tue, Sep 20, 2016
Grab's announcement comes a few weeks after Uber sold its China operations to bigger domestic rival Didi, an existing Grab investor, and analysts have said Uber may focus its efforts and money elsewhere, such as in Southeast Asia.
US moves to regulate self-driving cars
Tue, Sep 20, 2016
The United States unveiled a sweeping new regulatory framework for the unexpectedly rapid rise of self-driving automobile technology, just days after Uber broke ground with its first driverless taxis.
Automakers tap Ola, Uber to push sales
Sat, Sep 10, 2016
In May, Toyota laid out plans to invest in Uber to create flexible vehicle leasing terms.
M&M-Ola tie-up set to shape future vehicle design; eyes Rs 2,600 crore revenue in next 2 years
Thu, Sep 08, 2016
Indian automaker Mahindra & Mahindra's (M&M) tie-up with domestic ride-sharing giant Ola will not only drive car sales, but also influence and shape the design of its vehicles in the future, Chairman Anand Mahindra said on Thursday.
India's ride-hailing app Ola to announce joint initiative with Mahindra
Wed, Sep 07, 2016
Indian ride-hailing firm Ola and the country's top utility vehicle maker Mahindra and Mahindra are set to announce a joint initiative on Thursday, according to an invitation sent to the media.
Limited licenses by West Bengal RTO curb growth in Kolkata: Uber
Thu, Aug 25, 2016
Taxi-hailing aggregator Uber on Thursday said the West Bengal transport department has been issuing a limited number of commercial licences, leading to a lesser number of cars joining its platform in the state capital.
Uber to launch driverless car service in Pittsburgh
Fri, Aug 19, 2016
The company gave few details on the Pittsburgh project, which has been in the planning since last year.
Uber launches legal action over new rules for drivers in London
Wed, Aug 17, 2016
Uber has launched legal action against new rules in London such as written English tests for its drivers, in the latest battle between regulators and the car ride app which has faced bans and protests worldwide.
Ford, Baidu invest in US self-driving car sensor firm
Tue, Aug 16, 2016
Ford Motor Company and Chinese internet giant Baidu on Tuesday said they have invested a combined $150 million in Velodyne, a US company specializing in laser sensors for self-driving cars.
Uber to hire over 150 people in next few months at Hyderabad facility
Sun, Aug 07, 2016
Online taxi aggregator Uber will hire over 150 people over the next few months to ramp up its customer support operations in India as part of its efforts to enhance driver and rider experience on its platform.
Ride-share battle ends with Didi buying Uber China operations
Mon, Aug 01, 2016
Since Uber launched its China operations little more than two years ago both companies have spent billions of dollars on subsidies for drivers and passengers in China, as well as trading vitriolic accusations, as they fought for dominance in the potentially lucrative market.