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India`s Zoomcar to launch cab rental product to test demand in larger market  Zoomcar will launch a chauffeur-driven cab rental product in the southern Indian city of Bengaluru as it looks to test the waters in a larger part of the transportation market, the self-drive car-sharing platform told Reuters on Friday. The move comes months after the cash-strapped company terminated co-founder Greg Moran as CEO after an over a decade-long tenure at the helm that saw the firm go public in the United States. Zoomcar could face stiff competition in a market dominate...
India`s Zoomcar to launch cab rental product to test demand in larger market
India`s Zoomcar to launch cab rental product to test demand in larger market
Source: Reuters
2024-12-21 10:39:20 am
Gig workers must develop industry-specific knowledge to remain competitive  There is a persistent skill gap among gig economy workers and they must develop industry-specific knowledge to remain competitive, a report said on Tuesday.  The report by TeamLease Edtech showed that 42.86 per cent of gig workers lack industry knowledge as the primary skill deficit. While gig workers are often technically adept, the absence of domain expertise can hinder their efficiency and effectiveness. In addition to this, 28.57 per cent of employers cited soft skills, i...
Gig workers must develop industry-specific knowledge to remain competitive
Gig workers must develop industry-specific knowledge to remain competitive
Source: IANS
2024-09-24 02:06:13 pm
Onboard gig workers on e-Shram portal in 3 months: Centre tells platform aggregators The Centre on Wednesday asked the platform aggregators like Zomato and Ola to onboard gig workers on the e-Shram portal within the next three months to help them access social security benefits.  In a meeting with platform aggregators such as Urban Company, Swiggy and Instamart, Zomato and Blinkit, Porter, Amazon, Uber and Ola as well as organisations such as FICCI, CII and Employer’s Federation of India, Minister of Labour and Employment Dr Mansukh Mandaviya emphasised the need...
Onboard gig workers on e-Shram portal in 3 months: Centre tells platform aggregators
Onboard gig workers on e-Shram portal in 3 months: Centre tells platform aggregators
Source: IANS
2024-09-18 06:21:07 pm
Uber to acquire Delivery Hero`s foodpanda business in Taiwan for $950 mn Uber Technologies will acquire Delivery Hero's owned foodpanda business in Taiwan for $950 million in cash, as the online food ordering company focuses on other markets. The acquisition is subject to regulatory approval and other customary closing conditions and is targeted to close in the first half of 2025, the companies said in a joint statement on Tuesday. Separately, both firms have also entered into an agreement for Uber to buy $300 million in newly issued ordinary shares of D...
Uber to acquire Delivery Hero`s foodpanda business in Taiwan for $950 mn
Uber to acquire Delivery Hero`s foodpanda business in Taiwan for $950 mn
Source: IANS
2024-05-14 01:59:10 pm
India`s Ola to stop ride-hailing operations in international markets Ola said on Tuesday it was exiting its ride-hailing businesses in the UK, Australia and New Zealand as the startup focuses on its home market India, where it is locked in a battle for market share with Uber. Ola Cabs, founded in 2010 by Bhavish Aggarwal, was operating in the international markets since 2018. Earlier this year, U.S. asset manager Vanguard cut Ola's valuation by 30% to under $2 billion. Parent ANI Technologies was valued at $7.3 billion in its most recent fundraise in...
India`s Ola to stop ride-hailing operations in international markets
India`s Ola to stop ride-hailing operations in international markets
Source: Reuters
2024-04-09 04:08:00 pm
EV sales in India to grow 66 pc this year riding on consumer interest, government initiatives  Driven by rising consumer interest, government initiatives and infrastructure development, India’s EV sales nearly doubled in 2023 and are likely to grow 66 per cent this year, a report showed on Friday. Overall, India’s passenger vehicle (PV) sales grew 10 per cent (year-on-year) to surpass 4 million units, its EV sales nearly doubled, rising 97 per cent YoY to account for 2 per cent of the overall PV sales. By 2030, EVs are expected to represent nearly one-third of I...
EV sales in India to grow 66 pc this year riding on consumer interest, government initiatives
EV sales in India to grow 66 pc this year riding on consumer interest, government initiatives
Source: IANS
2024-04-06 09:01:07 am
Statiq deploys its 1st EV charging facility in Ayodhya for green mobility As people in Ayodhya begin to embrace electric vehicles (EVs), charging infrastructure provider Statiq on Monday inaugurated its maiden EV charging station in the holy city. Located at Laxman Kunj smart vehicle multi-storey parking, the station has been installed by Statiq with fleet partner MyEVPlus. The charging station is equipped with one 60 kW DC charger (dual gun) and four 9.9 kW AC chargers, each featuring three sockets of 3.3 kW. The infrastructure allows simultaneous chargin...
Statiq deploys its 1st EV charging facility in Ayodhya for green mobility
Statiq deploys its 1st EV charging facility in Ayodhya for green mobility
Source: IANS
2024-03-11 03:05:10 pm
Adani Group, Uber to form JV to help expand fleet on green energy? In a thrust to the government's green energy goals, the Adani Group and Uber may soon announce a joint venture (JV) to help the global ride-hailing major expand its fleet that runs on alternative and renewable energy, sources said on Saturday. With this, Uber’s fleet in the country is likely to grow to 200,000 vehicles in the short term, people close to the development told IANS. According to sources, the Adani Group is likely to explore partnerships with major Indian vehicle ...
Adani Group, Uber to form JV to help expand fleet on green energy?
Adani Group, Uber to form JV to help expand fleet on green energy?
Source: IANS
2024-02-25 09:13:11 am
Terrific to discuss India`s growth with Gautam Adani over delicious breakfast: Uber CEO Uber's global CEO Dara Khosrowshahi on Saturday said it was terrific to discuss India's phenomenal growth and rising entrepreneurship with Adani Group Founder and Chairman Gautam Adani over "delicious breakfast". Replying to Gautam Adani’s earlier post on X (formerly Twitter), Khosrowshahi said the company is committed to scale up its operations in the country. “An absolutely terrific conversation with @gautam_adani over a delicious breakfast about India&rs...
Terrific to discuss India`s growth with Gautam Adani over delicious breakfast: Uber CEO
Terrific to discuss India`s growth with Gautam Adani over delicious breakfast: Uber CEO
Source: IANS
2024-02-24 04:55:33 pm
India`s DPI holds incredible promise, says Uber CEO as company partners ONDC Ride-hailing major Uber on Thursday signed an agreement with the government’s e-commerce platform Open Network for Digital Commerce (ONDC) to explore an integration with the network to expand the range of mobility offerings on the Uber app. Dara Khosrowshahi, Uber’s global CEO, spoke with Infosys Chairman Nandan Nilekani here during an event, saying that companies and governments around the world can learn from the scale and ambition of India’s Digital Public Infrastructu...
India`s DPI holds incredible promise, says Uber CEO as company partners ONDC
India`s DPI holds incredible promise, says Uber CEO as company partners ONDC
Source: IANS
2024-02-22 04:55:41 pm
Uber announces $7 bn share buyback as ride-hailing, food delivery biz recovers  Ride-hailing major Uber on Wednesday announced it will buy back company shares worth up to $7 billion after strong recovery in business last year. The Board of Directors has authorised the repurchase of up to $7 billion of the company’s common stock, Uber said in a statement. “Today’s authorisation of our first-ever share repurchase programme is a vote of confidence in the company’s strong financial momentum,” said Prashanth Mahendra-Rajah, Uber CFO. ...
Uber announces $7 bn share buyback as ride-hailing, food delivery biz recovers
Uber announces $7 bn share buyback as ride-hailing, food delivery biz recovers
Source: IANS
2024-02-15 10:51:43 am
Uber India Is Now Great Place To Work Certified  Uber, the leading ride hailing app, announced that it has been Certified by Great Place To Work® in India from January’24 to January’25. This prestigious recognition is a testament to Uber's commitment to building a diverse, inclusive, and people-first organization in India. The Certification reflects Uber's dedication to fostering an exceptional workplace culture, creating an environment where employees can thrive both personally and professionally. This Cert...
Uber India Is Now Great Place To Work Certified
Uber India Is Now Great Place To Work Certified
Source: PR Agency
2024-01-23 03:38:27 pm
Tata, Uber plan to expand operations in Telangana Tata Group and Uber plan to expand their operations in Telangana while Systra Group is looking to set up a digital centre. This was the outcome of the meetings Telangana delegation led by Chief Minister A. Revanth Reddy had with representatives of these companies on the sidelines of World Economic Forum (WEF) annual meeting in Davos. The Chief Minister met Natarajan Chandrasekaran, Chairman of Tata Sons. They discussed Tata Group's ongoing and future business plans for Telangana. ...
Tata, Uber plan to expand operations in Telangana
Tata, Uber plan to expand operations in Telangana
Source: IANS
2024-01-19 11:47:34 am
Uber India made Rs 679 cr from rides in FY23, losses up over 57% Ride-hailing major Uber’s losses went up more than 57 per cent in India to Rs 311 crore in the fiscal year (FY) 2023 from Rs 197 crore in FY22. Uber India registered a 54.4 per cent increase in its revenue at Rs 2,600 crore in FY23, reports Entrackr, citing its consolidated financial documents. Rides on the platform accounted for 25 per cent of the total operating revenue in the country, which increased by 75 per cent to Rs 679 crore in FY23. The income from business support se...
Uber India made Rs 679 cr from rides in FY23, losses up over 57%
Uber India made Rs 679 cr from rides in FY23, losses up over 57%
Source: IANS
2024-01-09 03:53:39 pm
Uber expands flexible pricing service to more tier 2, 3 cities in India Ride-hailing major Uber is now testing its flexible pricing service in several tier 2 and 3 cities in India to expand its user base, allowing commuters to bid a particular fare for their ride. Caller Uber Flex, the flexible pricing service was tested for the first time in India in October last year. According to TechCrunch, the service has now been expanded to cities like Aurangabad, Ajmer, Bareilly, Chandigarh, Coimbatore, Dehradun, Gwalior, Indore, Jodhpur and Surat, among other citie...
Uber expands flexible pricing service to more tier 2, 3 cities in India
Uber expands flexible pricing service to more tier 2, 3 cities in India
Source: IANS
2024-01-06 10:47:54 am
Indians travel 64 mn kms in Uber EVs in 2023, Saturdays most popular Indians travelled 64 million kms in Uber EVs through the year, spending a total of 3.9 million hours and helping build a greener future, the ride-hailing platform said on Wednesday. Uber trips during the year covered a record 6.8 billion kms, enough to traverse the entire 6.37-million km road network in India more than a thousand times over, or nearly thrice daily. The cities with the highest number of Uber trips in 2023 were Delhi-NCR, Bengaluru, Hyderabad, Mumbai, Pune, and Kolkata, t...
Indians travel 64 mn kms in Uber EVs in 2023, Saturdays most popular
Indians travel 64 mn kms in Uber EVs in 2023, Saturdays most popular
Source: IANS
2023-12-27 06:08:18 pm
Uber Auto in Delhi among services driving company`s growth: CEO Uber Auto, a three-wheeler service provided by the company, has become a major hit in India making it easier for travellers to hail a ride without having to haggle for prices.Not only has it been a boon for Indians, looking for a cheaper option to the customary cabs, but the three-wheeler services in New Delhi also seem to be at the forefront of Uber?s future growth initiatives, company?s Uber CEO Dara Khosrowshahi has said.The 54-year-old Chief Executive made the remark on Tuesday during a k...
Uber Auto in Delhi among services driving company`s growth: CEO
Uber Auto in Delhi among services driving company`s growth: CEO
Source: IANS
2023-09-20 02:03:15pm
India-specific feature helps Uber clock 3.5 mn trips & orders, rolls out globally A feature deployed in India by local Uber teams to verify genuine users on its platform has helped the company add 3.5 million trips and orders this year to date, the ride-hailing platform said on Monday.This verification feature is now being rolled out to Uber users globally, including riders, eaters, merchants and earners, the company said in a statement.The development process was worked on by a team of engineers, data scientists, product and program managers, all based out of India. ...
India-specific feature helps Uber clock 3.5 mn trips & orders, rolls out globally
India-specific feature helps Uber clock 3.5 mn trips & orders, rolls out globally
Source: IANS
2023-09-11 04:01:18pm