California court upholds Uber, Lyft drivers being contractorsThe ruling came as a victory for ride-share firms and food-delivery app platforms that backed a measure called Proposition 22 ahead of its ...
14 Mar, 2023, 03.52 PM IST
BharatPe’s original cofounder moves on; Zomato stock zooms 20%Bhavik Koladiya, who cofounded BharatPe with Shashvat Nakrani in March 2018, is ending his association with the company.
07 Sep, 2022, 01.05 PM IST
Uber’s London ban marks global backlash for ride-hailing giantsFor Uber, the loss of its license in London puts one of its biggest markets outside of the U.S at risk. The regulator found unlicensed user...
28 Nov, 2019, 11.12 AM IST
After WeWork, SoftBank’s startup accounting model under fire. Oyo raises eyebrowsThe Vision Fund put $250 million into Oyo in 2017 and led a $1 billion funding round last year, which pushed the Indian company’s valuation...
26 Nov, 2019, 09.48 AM IST
Who’s winning the self-driving car race?In the next three years, almost all of these contenders will be able show off cars capable of navigating city streets at casual speeds alon...
08 May, 2018, 09.41 AM IST
Uber pushed the limits of the law. Now comes the reckoningUS officials are looking into possible bribes, illicit software, questionable pricing schemes and theft of a competitor’s intellectual prop...
12 Oct, 2017, 10.13 AM IST
PepsiCo's Indra Nooyi comes under fire as Trump council splintersThere is pressure on Nooyi to step down from Trump’s council after the president was slow to condemn white-supremacist violence last weeken...
16 Aug, 2017, 01.53 PM IST
Uber reports financial numbers for first time, shows it's a cash-burning machineUber more than doubled gross bookings in 2016 to $20 billion, acc to report. Net revenue was $6.5 billion, while adjusted net losses were $...
15 Apr, 2017, 02.28 PM IST
LeEco billionaire Jia Yueting’s car-hailing ambitions suffer a setbackYidao Yongche, the limo service 70% owned by LeEco, has been trying for months to hit its fund-raising targets and fallen short.
12 Nov, 2016, 11.09 AM IST
Super-cheap driverless taxis may kick mass transit to the curbWhile driverless cars have already shown the ability to handle highways, companies are pushing to perfect them for city streets, using GPS ...
25 Oct, 2016, 09.49 AM IST
French police raids Uber office to investigate its controversial ride-sharing serviceThe enquiry centres on the uber-POP smartphone app, which puts non-professional drivers with their own cars in touch with passengers via th...
19 Mar, 2015, 05.06 AM IST
Why Uber is hated, and enviedAnd we’re only scratching the surface, starting with the latest in a string of controversies around the ridesharing Goliath.
30 Nov, 2014, 09.50 AM IST
How Uber is running up the scandal metreThe company, valued at $18.2 billion, has been mired in one controversy after another and is turning into a punching bag.
20 Nov, 2014, 12.09 PM IST