The investment would provide a cash injection for Uber's self-driving program that is costing the money-losing startup hundreds of millions of dollars without generating revenue
Drivers for the ride-hailing company argued in the lawsuit they are employees, not independent contractors, as Uber has classified them, and therefore entitled to benefits and reimbursement for their expenses.
Cab-hailing service company Uber released ‘The Uber Lost & Found Index’ to reveal what customers have left behind after a ride.
DPIIT met stakeholders on March 8 to discuss issues related to the draft e-commerce policy.
While revenues have come easily, the companies have struggled with profitability, reporting huge losses as they grow.
With over 20 years of experience, she takes over from Sanjay Gupta, who will soon move to Uber US and Canada in a new role, it added.
Dismissing the case, Chief Justice of the High Court Lord Ian Burnett said the judge who granted the licence was not biased.
Uber’s sole aim is to make its IPO successful and that is linked to how well it manages to sell the India growth story to the Street. A growing ride hailing business without the distractions of a food delivery business will allow it to do just that.
The luxury car firms said they would invest more than 1 billion euros ($1.13 billion) to expand the joint venture, shifting beyond manufacturing and car sales towards pay-per-minute or pay-per-mile systems.
For Uber, this acquisition is seen as a strategy to reduce losses on a global level as it prepares for a possible public offering.
The company said it was yet to receive a copy of the FIR and stressed that safety was "paramount for all of us at Uber and we remain committed to trying to build the best possible safety standards for our riders".
The push comes as Didi is laying off staff in China as it grapples with regulatory scrutiny, reportedly significant financial losses and public backlash over the murder of two of its customers.
In grocery delivery, Swiggy will have to fight it out with likes of Amazon, and Walmart backed Flipkart.
The feature is optional and you can still make regular voice calls to the driver.
The new service, which begins from February 1, will employ speedboats that can seat a minimum of six passengers.
The company plans to test the flying car by 2020 and start commercial services by 2023
Cab aggregators are looking to diversify as business growth is slowing down. Softbank-backed Ola already does transactions and an NBFC licence will help it diversify into allied segments for growth.
The Uber Fleet app has been piloted over the last few months in various Indian cities, including Delhi and is now being rolled out across the country, Uber Head of Driver Product Daniel Danker told PTI.
In October 2016, the state government had constituted a four-member committee under the chairmanship of retired IAS officer B C Khatua to decide on the minimum and maximum fare structure for companies like Ola and Uber.
The shift coincides with its expansion plan to grow its presence to 50 cities from the current 36 by December-end.
Uber expects that an estimated 20,000 drivers will upgrade to electric cars by the 2021 and estimates about raising £200 million ($257 million) in helping drivers purchase battery-operated vehicles.
Vaish is an alumnus of the Indian Institute Technology (IIT), Kharagpur and holds a Master's degree in Mechanical Engineering from Stanford University.
The company had posted total revenue of Rs 1.04 crore in 2016-17.
Last month, the Netherlands imposed a 600,000-euro fine over the breach and Britain ordered Uber to pay 385,000 pounds
A government-commissioned review looked into the matter of modern workplace practices and in response on Monday the business ministry said it would legislate to improve the clarity of the employment status tests.