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Mumbai auto-rickshaw strike: From shutdown of Ola and Uber cab services to fare hike, check full list of demands here
Mon, Jul 08, 2019
Auto-Rickshaw drivers in the financial capital of India, Mumbai have called for an indefinite strike to fulfill their demands. Auto-Rickshaw Drivers' Union has called for a strike to fulfill demands.
Scared of cab drivers deviating from the route? Google Maps to the rescue
Wed, Jun 26, 2019
Google Maps rolled out "Stay Safer" feature on Wednesday that would alert Android users travelling in public vehicles like taxis or auto rickshaws if their drivers deviate more than 0.5 km.
Mark Zuckerberg’s blockchain dream becomes reality - how Facebook's Libra is different from Bitcoin
Thu, Jun 20, 2019
The critical question is: Can Facebook make a difference in cryptocurrency market, which has been dominated, and tested, by Bitcoin?
Uber testing on-trip 24x7 security helpline in India
Mon, Jun 17, 2019
The security measure seeks to address the need for direct human intervention instead of a callback after a lag.
Uber joins hands with Bajaj Auto to launch Bajaj Qute in its UberXS services
Thu, Jun 13, 2019
Uber stated that Bajaj Qute`s low running cost makes it suitable for daily commuting and it is easy to drive because of dash mounted sequential shift gears.
Uber selects Melbourne for aerial services; confident Uber Air will operate in India in future
Wed, Jun 12, 2019
In September last year, Uber had said it is considering India among five global locations (apart from Japan, Australia, Brazil and France) for its futuristic aerial taxi service.
Boost to Electric Vehicles! Modi govt order to Ola, Uber - Convert 40% vehicles to EV by 2026
Thu, Jun 06, 2019
The Union government has ordered cab aggregators Ola and Uber to convert 40 per cent of their fleet to Electric Vehicles (EV) by 2026, Zee Business TV reports.
Uber loses $1 billion in quarter as spent heavily on food delivery, freight business
Sat, Jun 01, 2019
Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company.
Uber may soon allow you to mark ‘favourite’ drivers
Thu, May 30, 2019
Uber is reportedly testing a new feature that would allow you mark a driver as a favourite. The option, spotted by Jane Manchun Wong, is available on the app after a ride has ended. You can ‘Add as favourite’ a driver to have a ride with the same driver in the future. The purposed feature may help build confidence among riders and make them feel safe. It is unclear when the feature would be rolled out to the public.
Uber's first employee, Ryan Graves, resigns from board
Sun, May 26, 2019
Uber`s first employee and one-time chief executive Ryan Graves will step down from the company`s board of directors, Uber said on Friday.
Uber drivers are contractors, not employees, US labor agency says
Wed, May 15, 2019
Drivers for ride-hailing company Uber Technologies Inc are independent contractors and not employees, the general counsel of a U.S. labor agency has concluded, in an advisory memo that is likely to carry significant weight in a pending case against the company.
Uber CEO Dara Khosrowshahi expects further pressure as shares add to losses, down 12 pct
Tue, May 14, 2019
Uber Technologies Inc`s shares fell 12% on Monday, more than doubling their losses since the ride-hailing giant`s poorly received market debut, and its chief executive officer said he expected the stock to remain under pressure in the coming months.
Uber IPO priced at $45, set to debut on NYSE; cab aggregator under pressure to avoid Lyft fiasco
Fri, May 10, 2019
Ride services giant Uber Technologies Inc will begin life as a public company on Friday, under pressure to start trading strongly after conservatively pricing its initial public offering.
Uber IPO: Company prices initial offerings conservatively to raise $8.1 bn
Fri, May 10, 2019
Uber Technologies Inc priced its initial public offering on Thursday at the low end of its targeted range, raising $8.1 billion, two people familiar with the matter said.
Uber to price blockbuster IPO against grim market backdrop
Thu, May 09, 2019
Uber Technologies Inc will price its initial public offering on Thursday, the most high-profile U.S. listing since Facebook Inc seven years ago, against a backdrop of turbulent financial markets and the plunging share price of its U.S. rival Lyft Inc.
Ahead of Uber IPO, ride-hailing drivers in New York to go on strike
Sat, May 04, 2019
Uber Technologies Inc`s drivers in New York will go on strike next week shortly before the ride-hailing company goes public to protest what they view as unfair employment conditions, a taxi union said on Friday.
Uber drivers plan protest over pay ahead of IPO
Tue, Apr 30, 2019
Uber Technologies Inc`s drivers in six U.S. cities are planning to shut their apps for 12 hours on May 8 to protest against low wages and working conditions, two days ahead of the company`s expected market debut.
Uber unveils IPO terms fall short of investors' expectations
Sat, Apr 27, 2019
Uber Technologies Inc, the world`s largest ride-hailing company, plans an initial public offering that values the company lower than the startup`s insiders had hoped, between $80.5 billion and $91.5 billion.
Uber Technologies to kick off investor road show with IPO terms on Friday
Fri, Apr 26, 2019
Uber`s moderation of valuation expectations reflects the poor stock performance of its smaller rival Lyft Inc following its IPO last month.
Uber allows Saudi women drivers to choose female passengers
Thu, Apr 18, 2019
After running a pilot program to understand the preference of women drivers in Saudi Arabia, Uber has officially introduced a feature to let the drivers decide the riders. Uber announced the introduction of its 'Passenger Preference' feature in Saudi Arabia for the female drivers.