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Uber rolls out 'Pro' rewards programme for drivers in 12 cities

Uber rolls out 'Pro' rewards programme for drivers in 12 cities

Fri, Nov 24, 2023

Ride-hailing platform Uber on Friday launched 'Uber Pro', a rewards programme inspired by drivers and designed to help them reach their goals both on and off the road, in 12 cities.

Ola, Porter, Uber and Dunzo worst digital platforms for gig workers: Report

Ola, Porter, Uber and Dunzo worst digital platforms for gig workers: Report

Mon, Oct 30, 2023

The report evaluated 12 platforms offering location-based services in sectors such as domestic and personal care, logistics, food delivery and transportation, in the country.

Uber names semiconductor executive Mahendra-Rajah as CFO

Uber names semiconductor executive Mahendra-Rajah as CFO

Thu, Sep 28, 2023

The company saw its second-quarter revenue increase at a smaller-than-expected 14 per cent, compared with a near 29 per cent jump in the first quarter.

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Uber selects Melbourne for aerial services; confident Uber Air will operate in India in future

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

Factbox: How Uber and Lyft compare on key financial metrics

Factbox: How Uber and Lyft compare on key financial metrics

Fri, Apr 12, 2019

Both Uber and Lyft lose money though Uber has trimmed its losses in recent years. Uber`s adjusted loss before interest, taxes, depreciation and amortization was just over $1.8 billion in 2018 compared to $2.6 billion in 2017.

Uber plans to sell around $10 billion worth of stock in IPO

Uber plans to sell around $10 billion worth of stock in IPO

Wed, Apr 10, 2019

Uber is showing a realism that is being increasingly adopted by Silicon Valley unicorns, as stock market investors push back against some of the lofty price tags sought.

Uber buys rival Careem in $3.1 billion deal

Uber buys rival Careem in $3.1 billion deal

Tue, Mar 26, 2019

The acquisition makes Careem a wholly owned subsidiary of Uber and will keep the Careem brand and app intact, at least initially. Careem co-founders Mudassir Sheikha, Magnus Olsson and Abdulla Elyas are staying on with Careem following the acquisition, the companies said.

Ola ban in Karnataka: State govt open for talks

Ola ban in Karnataka: State govt open for talks

Sat, Mar 23, 2019

Karnataka kept the door open on Saturday to talks with local ride-hailing service Ola to avoid a ban that could help rival Uber build market share.

SoftBank, others in talks to invest $1 billion in Uber''s self-driving unit: Sources

SoftBank, others in talks to invest $1 billion in Uber''s self-driving unit: Sources

Thu, Mar 14, 2019

SoftBank Vision Fund is the largest shareholder in Uber with a 15 percent stake.

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