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UberEats has not been able to expand itself to the size of Swiggy and Zomato.
Uber India gets more than Rs 1,700 crore from parent
13 Nov 2019 3:21 AM

Zomato and Swiggy have recently raised funding to compete in the high cash-burn business of food delivery.

Uber’s costs jumped about 33 per cent to USD 4.92 billion in the latest quarter.
Uber's quarterly loss widens as costs rise; shares fall
05 Nov 2019 8:16 AM

Overall, the company’s net loss widened to USD 1.16 bn in the quarter ended Sept 30, from USD 986 mn a year earlier.

Uber, which operates in over 40 Indian cities, has partnered with Bharti AXA to provide insurance to car rides and with TATA AIG for auto and moto rides. (Photo: File)
Uber to offer accident insurance to riders
25 Sep 2019 6:56 PM

Riders will be insured for up to Rs 5 lakh in case of accidental death or disability and up to Rs 2 lakh for hospitalisation.

India, 46 per cent of the car buyers are first time users.
Millennials opting for Ola, Uber not that a big factor for current slowdown: Maruti Suzuki
13 Sep 2019 1:32 PM

Due to increased prices of auto parts, taxes and rise in insurance rates are some of the reasons for slow down in automobile industry.

Uber’s report, its shares fell 6 per cent and Lyft dropped nearly 2 per cent. (Photo: AP)
Uber loses USD 5 billion, misses Wall Street targets despite easing price war
09 Aug 2019 9:31 AM

The company’s core business, ride-hailing, grew revenue only 2 per cent to USD 2.3 billion.

The stock is currently trading nearly 2 per cent below the IPO price.
Uber lays off 400 employees in marketing team
30 Jul 2019 9:11 AM

As of December 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team.

The French parliament earlier this month passed a new law that will tax digital giants on revenue accrued inside the country, even if their European headquarters are elsewhere, in a move that will affect huge US groups Google, Apple, Facebook, Uber and Amazon. (Photo: File | ANI)
G7 ministers reach consensus on taxing tech giants like Google, Amazon: France
18 Jul 2019 5:56 PM

G7 ministers 'fully supported a two-pillar solution to be adopted by 2020', said a statement from France.

Between allies, we can, and we should, solve our differences without using threats, French Finance Minister Bruno Le Maire said. (Photo: Representational))
France adopts pioneering tax on tech giants like Google, Amazon, Facebook & Uber after US threat
12 Jul 2019 12:53 PM

Global tax rules should be updated for the digital age, Internet Association's Jordan Haas.

About 1.5 billion people are expected to watch the tournament worldwide, more than 15 times the audience for the Super Bowl of American football. (Photo: Icc cricket world cup/twitter)
Big brands bet on World Cup fever in India, where cricket is ‘religion’
28 Jun 2019 3:36 PM

Advertisers estimate this year’s advertising spend of more than USD 400 million will be nearly double of 2015.

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