The commission said in a statement that it was unable to conclude at the end of its first phase of review of the proposed acquisition that ...

The acquisition would include a combined taxi and private-hire-vehicle fleet of more than 2,500 vehicles owned by Trans-Cab, they said.

Grab Holdings is in talks to go public through a merger with an SPAC controlled by Altimeter Capital Management that could value the SoftBa...

Having already relinquished China to Didi Chuxing, giving up on Southeast Asia would be a precursor for Uber to perhaps losing India and Ja...

Under terms of the proposed agreement, Grab would buy out Uber’s operations in certain markets in Southeast Asia and Uber will take a stake...

The technology will be adapted on the 9-metre long bus. It will have a capability to regenerate 36% energy, which will lead to less than 0....

The Russia deal is Uber's second retreat from a major market after exiting China last year, losing over $2 billion in its battle with Chine...

The final size of the round is yet to be determined. Ola is looking to raise about $500 million in the financing round, which could go up t...

Uber will reportedly continue to operate its own app in China for now. Uber declined to comment on this to the publication.

Didi Kuaidi is an investor in India's largest taxi aggregator Ola and both of them have a common investor in form of SoftBank.

Interestingly, Alipay's parent company Alibaba Group Holding owns a stake in Uber rival Didi Kuadi. Didi Kuadi is also an investor in Uber'...

Pradeep Dodle, head of cabs category management has quit the company while Harsha Kumar, associate vice president of products is serving he...

The company, which provides marketing and support services to Uber, posted a net profit of Rs 3.2 crore on income of Rs 69 crore in the yea...

“This will be a win for the diversity and vitality of the global ridesharing industry,” said Cheng Wei, CEO of Didi Kuaidi.

Bike ride-hailing app Baxi has raised Rs 10 crore in funding from a number of high-profile investors, making this one of the largest seed r...

With easy accessibility and competitive fares, taxis are gaining ground as driving in traffic and then looking for parking space make Delhi...

According to three people directly involved in the negotiations, Olacabs, backed by Japan's SoftBank, will pay cash and offer stock.