The offering includes a $1.5 billion portion of eight-year bonds, up from an originally planned $1 billion. The rest $500 million has a five-year tenure, the report said.
Uber has presence in 31 cities while its competitor Ola offers services in around 110 cities.
The development comes in at a time when Softbank-backed rival Ola has been on an international expansion spree. Besides India, it has expanded its operations to Australia, UK and New Zealand.
The government had agreed in 2017 on new regulations in an attempt to guarantee a cap on licences for Uber and similar services at a ratio of just one permit for every 30 taxi permits
The settlement with 50 US states and Washington, DC brings closure to one of several high-stakes legal battles Uber is seeking to resolve before an initial public offering next year, while also delivering a national rebuke against Uber's history of flouting laws and basic business ethics.
As of now, the proposal is just a draft. The government will evaluate suggestions and objections from stakeholders before finalising it
The slowdown is a result of the two companies focussing more on operational efficiency, cutting customer discounts, expansion into new spaces such as food delivery and driver incentives, the report said
The Competition and Consumer Commission of Singapore has fined Uber S$6.6 million and Grab S$6.4 million, it said on Monday.
Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry in the region.
This $50 million to be raised by Ola is expected to be a part of the $1 billion, the company has been trying to raise.
The high court also said its interim order staying the proceedings in the criminal complaint lodged before the trial court against the two service providers shall continue till further orders.
Allison also highlighted the importance of a strong foundation for the next generation of innovations, including eVTOLs, carpooling and autonomous vehicles
Uber has already named Dallas and Los Angeles as its first two launch cities in the US and has been on the prowl to select an international city as its third partner.
The US firm said it was working with Fuji Taxi Group, which has been operating for more than 60 years in the Nagoya area, located near the heart of Japan's automaking heartland.
The ride-hailing company will not sell its Advanced Technologies Group "at this time," he told Reuters in an interview after a media event to unveil changes to improve the safety of drivers and riders.
It had named Dallas and Los Angeles in the US as the first two cities for the commercial launch of its aerial taxi service by 2023 and has been on the lookout to select an international city as its third partner.
Nathalia Santos, 26, a Rio native who runs a popular YouTube channel about her life as a blind woman, said she was unable to ascertain her location after being expelled from the car or get to her destination.
Uber had named Dallas and Los Angeles as its first two launch cities in the US for the launch of its aerial taxi service and has been on the prowl to select an international city as its third partner.
The five shortlisted countries are Japan, India, Australia, Brazil and France. Uber customers in launch cities will be able to push a button and get a flight on demand
Toyota, one of the world's largest carmakers, and Uber Technologies Inc, the leading ride hailing service, are widely seen as lagging the competition in developing self-driving cars.
Uber had launched Uber Eats in India in May last year and today expanded the service to five more Indian cities Tiruchirappalli, Surat, Nashik, Ludhiana and Mysore to now cover 28 cities.
New York City based Lead Edge Capital said on Thursday it has closed a $520 million fund to invest in software and internet startups.
Nelson J. Chai most recently served as the CEO of Chicago-based insurance and warranty provider, Warranty Group.
The high court also said its interim order staying the proceedings in a criminal complaint lodged before a trial court against the two service providers shall continue till further orders.
Uber’s exit from other markets has helped the ride-hailing company to invest in markets such as India where it believes it “can win”