Uber Technologies Inc News
BluSmart to exit cab-hailing service, pivot to rival Uber’s fleet partner: Report
BluSmart will wind up its ride-hailing business once the transition is complete. The timeline for the process is being finalised. This comes as the EV cab-hailing service faces a high cash burn—in excess of ₹20 crore every month.
2 min read14 Apr 2025Uber will get a robo-taxi boost. Why it’s time to buy the stock.
Autonomous-driving fears have kept a lid on the shares, but they are likely overblown.
4 min read12 Mar 2025Uber auto goes subscription-based: No more commissions, cash-only rides
Uber has announced a shift to a SaaS subscription model for auto drivers in India, moving away from its commission-based structure. Effective February 18, all auto rides will be cash-only, allowing drivers and passengers to negotiate fares independently.
1 min read18 Feb 2025Uber Q4 net profit totals $6.8 billion, revenue jumps 25%; Gross bookings up 18% to $44.2 billion
Uber Q4 Results: Uber’s net profit stood at $6.8 billion in the October-December period, while ride-hailing revenue jumped 25 per cent and delivery revenue rose 21 per cent.
3 min read5 Feb 2025Mumbai nightlife to Bengaluru’s office rush - you won’t believe how many kilometers Indians covered with Uber in 2024
In its annual report, Uber India reveals that users collectively travelled 9.2 billion kilometres in 2024, with Delhi-NCR dominating rides. Key trends include the rise of Uber Auto and electric vehicle usage, alongside new services like Uber Black and Uber Shuttle to enhance user experience.
2 min read8 Jan 2025How Uber and Lyft are gearing up for the robotaxi revolution
After ending their own driverless plans, the ride-sharing companies are embracing autonomous-vehicle operators and offering new app features.
6 min read6 Jan 2025Uber rolls out audio recording, women rider preference, SOS button in India to boost ride safety. Check out new features
Uber India has introduced a series of safety features aimed at enhancing security for both riders and drivers, particularly focusing on women.
1 min read28 Nov 2024Uber’s real threat isn’t from robots
The ride-hailing pioneer is contending with slowing bookings growth, rising insurance costs and an alliance between DoorDash and Lyft.
3 min read5 Nov 2024More than half of Uber’s 1 million fleet in the country comprises bike taxis and autos
The San Francisco-headquartered company claims that 3% or 30,000 of its taxis, are electric.
5 min read24 Oct 2024Tesla leaves Uber plenty of road
Elon Musk’s brief Cybercab unveiling doesn’t hurt the case for the ride-booking operator’s key role in the robotaxi business.
3 min read12 Oct 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared