Tesla offering major discounts and incentives in the US amid slumping sales: Full detailsTesla is implementing significant discounts and incentives in the U.S. due to declining sales and brand reputation concerns. These include ...
18 May, 2025, 11.51 AM IST
Uber, Lyft drivers strike across US, demanding fairer payWorkers say the rideshare and food delivery platforms are taking disproportionate sums from their fares as fees, hurting their earnings. Th...
15 Feb, 2024, 09.34 AM IST
Uber hits record high after unveiling first-ever $7-billion share buybackInvestors cheered the plans, with shares rising 12%, on the same day that thousands of drivers for Uber, rival Lyft and food delivery app D...
14 Feb, 2024, 10.48 PM IST
Uber, Lyft, DoorDash drivers in the US to strike on Valentine's Day for fair payThe strike call is the first since Uber and Lyft went public in 2019. Drivers will picket outside airports and Uber offices, two of the gro...
13 Feb, 2024, 12.42 AM IST
Driverless taxis gain ground in San FranciscoThe California Public Utilities Commission (CPUC) heard six hours of public comment before voting three-to-one to let Waymo, a unit of Goog...
12 Aug, 2023, 02.01 PM IST
Lyft to display ads in app in effort to boost revenueThe move will help Lyft, whose business is completely dependent on ride-hailing. Its larger rival Uber Technologies has a more mature adver...
10 Aug, 2023, 06.26 PM IST
Uber results: Revenue jumps 29% to $8.84 billion on strong ride-sharing marketUber said adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at $761 million, its highest on record a...
02 May, 2023, 05.06 PM IST
Uber confident on profit as ride-sharing makes strong start to 2023The company is benefiting from its dominant position in key global markets as travel rebounds from a pandemic-induced lull.
02 May, 2023, 04.35 PM IST
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
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.
11 Feb, 2023, 02.32 PM IST
Grab shares crash as revenue plunges on promotions, driver incentivesShares of Grab, which was reporting its first quarterly earnings since going public in December, skidded to their lowest ever. They have lo...
04 Mar, 2022, 08.48 AM IST
For Uber and Lyft, the rideshare bubble burstsUber and Lyft are correct that they offer a useful service, including food delivery to the homebound, an alternative to drunken driving and...
18 Oct, 2021, 11.43 AM IST
Car companies not getting many cab rides nowSeveral automakers have arrangements with car aggregators such as Ola and Uber to sell vehicles to drivers who join their platforms. Accord...
13 Feb, 2020, 07.22 AM IST
Uber’s Europe business is at risk after London revokes licenseUber’s rapid growth in London, where it says it has 3.5 million regular users, was seen as a success story for the company’s expansion outs...
27 Nov, 2019, 12.41 PM IST
Udacity co-founder, Thrun will put money on getting stuff off ground"Urban transportation is a huge sector. We saw a huge change in transportation a hundred years ago when we moved from horses to cars," said...
10 Oct, 2017, 08.22 AM IST
US-based Uber in top gear, catching up fast with its rival OlaUber has been growing its network of drivers at a faster pace and ferrying more passengers, data obtained from the companies and investors ...
03 Nov, 2015, 06.30 AM IST
UN Women cancels pact with Uber to create 1 million jobsThe car-booking company, cofounded in 2009 by Travis Kalanick and Garret Camp, has expanded to almost 300 cities in 54 countries.
24 Mar, 2015, 10.24 AM IST