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Uber fraud case: Should've given court ex-employee's letter in Waymo case, says federal judge
Sat, Dec 16, 2017
Ride hailing company Uber was obligated to turn over to a U.S. federal judge a letter from a former employee that told of the company`s "fraud and theft" and mentioned evidence of stolen trade secrets nailed "like a scalp" to the wall, a court official said Friday.
Uber heads to court in fight for London survival
Mon, Dec 11, 2017
Uber will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its licence in its most important European market.
Uber agrees to settle U.S. lawsuit filed by India rape victim
Sat, Dec 09, 2017
Uber Technologies Inc and a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India have agreed to settle a civil lawsuit the woman filed against Uber in June, according to a U.S. federal court filing on Friday.
Uber paid 20-year-old Florida man to keep data breach secret: Sources
Thu, Dec 07, 2017
A 20-year-old Florida man was responsible for the large data breach at Uber Technologies Inc last year and was paid by Uber to destroy the data through a so-called "bug bounty" program normally used to identify small code vulnerabilities, three people familiar with the events have told Reuters.
Uber signs first Southeast Asian e-wallet deal with Vietnam's MoMo
Wed, Nov 29, 2017
The deal is Uber`s first e-wallet partnership in Southeast Asia, home to 600 million people, and could help the firm catch up with main regional rival Grab which has its own e-wallet service.
SoftBank offering to buy Uber shares at 30% discount
Tue, Nov 28, 2017
Japan`s SoftBank Group Corp <9984.T> is offering to purchase shares of Uber Technologies Inc [UBER.UL] at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.
Uber to disclose price on SoftBank deal early next week: sources
Sat, Nov 25, 2017
Uber Technologies Inc plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service`s investors, two people familiar with the plans said on Friday.
Uber to partner with Mahindra for electric vehicles in India
Fri, Nov 24, 2017
Ride-hailing firm Uber Technologies will partner with automaker Mahindra and Mahindra to add electric vehicles on its platform in India, the two companies said in a statement on Friday.
Uber told SoftBank about data breach before telling public
Fri, Nov 24, 2017
Uber Technologies Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank Group Corp ahead of going public with details of the incident on Tuesday.
Uber paid hackers $100,000, concealed data stolen from 57 million accounts
Wed, Nov 22, 2017
Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the data of some 57 million accounts of the ride-service provider, the company said on Tuesday.
SoftBank funding may spur Uber to re-think tough Southeast Asian market
Tue, Nov 21, 2017
SoftBank Group`s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say.
Focussed on making UberEATS profitable in India: Uber
Wed, Nov 15, 2017
Cab hailing app Uber today said it is committed to making "serious investments" in its food delivery offering, UberEATS in the Indian market but is also mindful of ensuring profitability of the business.
SoftBank may not invest in Uber if deal not sweet enough
Tue, Nov 14, 2017
SofBank has commented on its possible investment in the ride hailing app - Uber.
Uber's South Asia policy chief quits in latest senior departure
Tue, Nov 14, 2017
Uber`s chief of policy for India and South Asia has quit, two sources familiar with the matter said on Monday, in the latest high-level departure at the online taxi company.
SoftBank investment deal in Uber likely to be finalised next week
Tue, Oct 17, 2017
Uber's board voted earlier in October to approve the Japanese tech conglomerate's cash infusion, which would add six more board seats and annul super-voting shares held by former CEO Travis Kalanick among others
Uber, Ola customer booking experience sees a decline in Q2 due to cab supply crunch
Mon, Oct 09, 2017
The cab supply crunch especially during the peak hours seems to be having a direct impact on the customer booking experience of cab players such as Uber and Ola.
Travis Kalanick's move to reignite the power struggle in Uber backfires
Wed, Oct 04, 2017
After ousted CEO and co-founder of Uber Travis Kalanick made a move to appoint two directors on the company's board, it now has decided to reduce his power of control on it.
Uber board gives go ahead to SoftBank deal; trims Travis Kalanick influence
Wed, Oct 04, 2017
Uber board's new decision gives SoftBank the go ahead to take a large stake in one of the biggest start-ups in the world and curbs the influence of ousted CEO Travis Kalanick.
Ola Cabs may receive $2 billion in fresh round of funding from SoftBank, Tencent
Tue, Oct 03, 2017
Once this round of funding goes through it is expected to help Ola go up against global giant Uber.
Ola, Uber see growing demand for auto-rickshaws as cab supply declines
Mon, Oct 02, 2017
The crippling driver strikes at the beginning of 2017 has provided the boost for the auto-rickshaw category to evolve and become a large part.