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How an Ola investor slashed its valuation by almost half after virus outbreak

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How an Ola investor slashed its valuation by almost half after virus outbreak

Ride-hailing firm Ola’s valuation was cut by almost half earlier this year by one of its investors...

Uber India cuts a quarter of jobs as lockdown hits business

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Uber India cuts a quarter of jobs as lockdown hits business

Ride hailing company Uber Technologies Inc’s Indian arm will cut 600 jobs across functions, as it ...

Ola to cut one-third workforce as revenue slumps in lockdown

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Ola to cut one-third workforce as revenue slumps in lockdown

Cab aggregator Ola is letting go 1,400 employees as the coronavirus pandemic has hurt its core ride-...

Uber to require drivers, riders to wear masks around the world

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Uber to require drivers, riders to wear masks around the world

Uber Technologies, Inc. on Wednesday said it will require drivers, delivery workers and riders ...

Uber posts $2.9 bn Q1 loss, sees rides recovering from coronavirus lows

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Uber posts $2.9 bn Q1 loss, sees rides recovering from coronavirus lows

Uber Technologies Inc's ride service bookings slowly recovered in recent weeks as the company ...

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

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Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara ...

Uber sees profit by end of 2020, but still expects full-year loss

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Uber sees profit by end of 2020, but still expects full-year loss

Uber Technologies Inc on Thursday moved forward by a year its target to achieve a measure of ...

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How policy flip-flops for internet businesses are clouding investor sentiment

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How policy flip-flops for internet businesses are clouding investor sentiment

New-age businesses typically thrive in two scenarios: One, where there is no established policy ...

Uber co-founder Travis Kalanick sells nearly $550 mn of shares

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Uber co-founder Travis Kalanick sells nearly $550 mn of shares

Uber Technologies Inc co-founder and former chief executive Travis Kalanick has sold nearly 21% of ...

Uber CEO expects India, other developing markets to drive growth

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Uber CEO expects India, other developing markets to drive growth

Uber pinned its growth over the next decade on developing markets like India on Tuesday, despite the...