Zomato and Swiggy have recently raised funding to compete in the high cash-burn business of food delivery.
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.
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.
Due to increased prices of auto parts, taxes and rise in insurance rates are some of the reasons for slow down in automobile industry.
The company’s core business, ride-hailing, grew revenue only 2 per cent to USD 2.3 billion.
As of December 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team.
G7 ministers 'fully supported a two-pillar solution to be adopted by 2020', said a statement from France.
Global tax rules should be updated for the digital age, Internet Association's Jordan Haas.
Advertisers estimate this year’s advertising spend of more than USD 400 million will be nearly double of 2015.
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