Uber unveils $20 billion stock buyback plan as loyalty program boosts growthUber unveiled a $20 billion stock buyback program and forecast its third-quarter bookings above Wall Street estimates on Wednesday, as the ...
06 Aug, 2025, 04.39 PM IST
While Ola taps new roads, our focus still ride-hailing: Uber CEO Dara Khosrowshahi54-year-old Dara Khosrowshahi, who steered Uber to full-year profits of $1.1 billion in 2023 globally, said Uber India was now a “self-sust...
26 Feb, 2024, 01.14 PM IST
Anand Mahindra makes a confession after meeting Uber CEO Dara Khosrowshahi for second timeMahindra Group Chairman Anand Mahindra met with Uber CEO Dara Khosrowshahi during his visit to India. They had first met at Davos during wi...
25 Feb, 2024, 05.58 PM IST
Tata, Uber aim for strategic alliance to drive digital businessUber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk aga...
22 Feb, 2024, 11.20 PM IST
DoorDash's rising labour costs weigh on Q1 profit outlook, shares fallThe delivery firm, which also reported a wider-than-expected loss for the fourth quarter ended December 31, has increased minimum pay for i...
16 Feb, 2024, 08.33 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
Tata hails Uber to drive Neu trafficUber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk aga...
15 Feb, 2024, 07.10 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 unveils maiden $7 billion share buyback after first profitable yearOver the next three years the ride-hailing firm expects gross bookings growth in the mid to high teens percentage and adjusted core profit ...
14 Feb, 2024, 08.06 PM IST
Uber expects strong core profit as ride share, food delivery demand acceleratesUber, which posted its first full-year profit on net basis, is expanding initiatives like memberships, corporate travel and advertising. Co...
07 Feb, 2024, 06.09 PM IST
Japan's SoftBank reports 39% fall in Q1 net profitThe Japanese conglomerate posted record annual profit in May with executives pointing to further upside from Vision Fund investments like C...
10 Aug, 2021, 02.01 PM IST
SoftBank discussing a ‘slow-burn’ buyout to go privateUnder Japanese regulations, Son could compel other shareholders to sell when he gets to 66% ownership, perhaps without paying a premium, th...
09 Dec, 2020, 11.46 PM IST
Son’s SoftBank poised to return to profit after big lossesSoftBank uses a number of approaches to value its stakes in private companies, including taking cues from their latest financing rounds and...
07 Aug, 2020, 08.38 AM IST
SoftBank Vision Fund posts record $17.7 billion loss on Oyo, WeWork and UberSoftBank lost $17.7 billion last fiscal year after writing down the value of investments.
18 May, 2020, 04.46 PM IST
SoftBank has spent $2.3 billion to buy own shares since MarchThe Tokyo-based company, led by founder Masayoshi Son, has said it expects to book a record 1.35 trillion yen operating loss for the year e...
16 May, 2020, 10.46 AM IST
SoftBank to sell up to $41 bln in assets to expand share buyback, cut debtThe move comes as SoftBank's share price has been hammered by investor skepticism over the outlook for CEO Masayoshi Son's bets on startups...
23 Mar, 2020, 11.21 AM IST
How SoftBank’s Masayoshi Son became poorer by $6 billionThe Vision Fund is believed to be planning to swallow a charge of at least $5 billion.
06 Nov, 2019, 04.15 PM IST