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RIDESHARE BUSINESS
India becomes BlaBlaCar's largest market as fuel price surge boosts carpoolingRising fuel prices triggered by the Middle East war are driving a sharp increase in carpooling, with a ride-sharing platform reporting a su...- Red Balloon launches India's first commercial near-space balloonOn Wednesday, the company's VISTA platform ascended nearly 25 km above Earth from Vijayawada as part of "Mission SANA", carrying payloads f...
- Uber stock jumps 9% after $53.7 billion bookings beat: is UBER entering its strongest growth phase again?UBER stock surged roughly 9% in premarket trading after the company reported first-quarter 2026 results that beat Wall Street on the metric...
- Can Trump’s $1,000 IRA match executive order finally bring 56 million Americans without 401(k) access into retirement security? Here's who actually qualifies for this benefitUS President Donald Trump IRA Trump retirement plan executive order: Will $1000 IRA Match Transform Savings. For decades, retirement securi...
- SpaceX conquered the stars, now eyes bigger opportunity in AISpaceX estimates that its total addressable market - a closely watched metric - could be as much as $28.5 trillion, according to a S-1 fili...
- French Quarter Festival 2026: Are you ready for the biggest event yet? Here's what you need to know for navigating strict traffic and parking rulesThe French Quarter Festival returns with an expanded footprint and 22 music stages, drawing massive crowds to New Orleans. City officials h...
- Ola's AI smart assistant 'Kruti' goes dark across app platformsWhile 'Kruti' was not accessible via its direct website, kruti.ai, which showed a "site not found" error, users accessing it through Olakru...
- After Twitter, is Elon Musk buying the ride-share app Uber? Here's what the Tesla CEO saysElon Musk envisions a future where Tesla doesn't need Uber, as Tesla is developing a superior autonomous ride-hailing service. Tesla owners...
- Uber's second-quarter results beat Wall Street estimates on ride-sharing demandUber's second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services, send...
- Walmart lifts full-year sales and profit forecast, shares rallyThe company now expects adjusted core profit between $250 million and $270 million, compared to its earlier forecast of $180 million to $20...
- Uber shares tumble 9% on surprise net loss, weak second-quarter forecastThe report suggests that Uber's growth could be slowing after a strong 2023 in which it dominated the U.S. ride-share market and delivery b...
- Uber forecasts gross bookings for second quarter below expectationsUber projects lower second-quarter gross bookings due to ride-share and food delivery challenges, exceeding core profit expectations. Lyft ...
- Yamaha Motors makes a strategic investment in ridesharing startup Royal BrothersAbhishek Chandrashekar, chief executive officer, Royal Brothers, said that the startup intends to make it easy for 500 million Indians to r...
- Lyft to lay off more than 1,000 employees in cost-cut pushRisher, who took over earlier this month, had recently said the company will "significantly" cut jobs, without providing the number of jobs...
- Lyft shares skid on fears Uber pulling aheadLyft shares hit their worst day on record after closing 36.4% lower, with 13 analysts lowering their price targets on the stock.
- Uber sets sights on profits in 2023 as pandemic pain easesUber forecast adjusted EBITDA, a profitability metric that excludes some costs, between $660 million and $700 million for the first quarter...
- Rapido launches Mumbai operations, eyes profitability in 18 monthsThe motorcycle taxi service aggregator now has its operations spread across all metro cities in the country.
- Operating expenses to impact Uber's profitability in IndiaIn total, Uber is present in 63 countries spread across over 700 cities. India market ranks 5th outside US in terms of ride Miles.
- Ola appoints Shalabh Seth as CEO of Ola Fleet Technologies"I strongly believe that the leasing model is a major differentiator for Ola and I'm looking forward to working with Bhavish and the team a...
- How new startups like LiftO, Shuttl, rBus are trying to solve urban commuting problemThere is a massive need for public transport options, and private enterprise is looking to fill the breach left by state-sponsored infrastr...
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