uber

Uber’s Latest Acquisition Hints That Alcohol Delivery Is the Next Multi-Billion Dollar Business!

Uber's acquisition of Drizly has a lot more dig and discuss. For the alcohol delivery industry, every deal is just another excuse to break out the glasses. And with the acquisition of a premier business player, the marker for making...

Masayoshi Son’s Giant Bet On Ride-Hailing Sector Is Finally Paying Off As SoftBank Sells $2 Billion In Uber Stocks!

Following the surge in the value of U.S. headquartered ride-hailing giant Uber, SoftBank Group Corp’s Vision Fund cashed in on the same by selling close to $2 billion in Uber Technologies stock! According to a filing with the United Securities &...

Uber and Ola In Hot Water: India Authorities Launch Fresh Probe!

The Directorate General of Goods and Services Tax Intelligence (DGGI) sent a summons to Uber and Ola officials on Monday regarding tax evasion allegations against the two companies, Business Standard has reported. The investigation will look into alleged tax evasions...

Uber, Ola Surge Pricing: SC Says All Is Well

While the Indian Government is busy introducing rules to further tighten the noose around cab aggregators. Uber and Ola, in a recent court victory, had a momentary sigh of relief. On Tuesday, Supreme Court, the country’s topmost judiciary body, ruled...

End Of Free Ride For Ola And Uber: GOI Sets New Rules For Cab Aggregators!

For long Ola and Uber have been enjoying the free ride on charging surge price from customers and paying low commission to drivers. Looks like that has finally come to an end! The Indian Government’s new rules for cab aggregators...

Plagued With Bad Luck, Uber To Bid Adieu To Its Self-Driving Car Project

: Uber is selling its ATG self-driving car division to an autonomous vehicle startup Aurora Innovation, Inc., in a deal valued at about $4 billion, according to people familiar with the matter. The ride hailing company is also making a $400 million cash...

Uber To Take Auto-Rental Global: Can The Indian Success Be Replicated?

Uber, the transportation giant, is all set to take the expand the footprint of Indian-made autorickshaws and bank on their success globally too! Uber India saw an increase in users opting for Uber autos while the pandemic was in full...

Uber India Layoffs 25% Workforce Citing Tough Market Conditions

After laying off thousands of employees in the US, Uber is scaling down its operations in India now. Uber is downsizing its workforce in India by letting go its 25% of employees. The company hopes to reduce expenses in...

No More Shared Rides By Ola And Uber: Suspended Until The Further Notice

India, as a whole, is being encouraged to take up social distancing in the wake of the Covid-19 outbreak to slow down its spread. The biggest ride-hailing giants operating in India Ola and Uber are now pitching in to...

Do You Tip Uber Drivers? 40% Riders Do But Gender Generosity Is Surprising [STUDY]

How many times or how frequently do you feel to tip Uber drivers? A recent new study by the National Bureau of Economic Research (NBER) revealed that only 16% of all Uber rides in the US are tipped by riders....

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Future Retail Can’t Sell Its Assets To Reliance Retail: Singapore Tribunal

In a double victory for Amazon, the Singapore International Arbitration Centre (SIAC) has denied Future Retail's appeal to lift the temporary suspension...