Russia's 'Yandex' Corporation To Buy Out Uber Shares Worth $1 Billion
Russian-Dutch domiciled multinational corporation 'Yandex' will reportedly buy out the shares of American Technology company "Uber" for nearly $1 billion. The deal was announced on August 31 after which it enabled 'Yandex' to gain full control over companies like Yandex.Eats, Yandex.Lavka, Yandex.Delivery, and Yandex Self-Driving group. "Since we started our partnership with Uber in 2018... the entire Yandex ecosystem,” said Tigran… read-more
Tags: Uber, Shares, buy, Company
Courtesy: CNBC
Uber Plans To Hire 250 Engineers In Hyderabad, B'luru To Expand Teams
Uber on June 9 announced to hire around 250 engineers in Hyderabad and Bengaluru to expand the tech and product teams. Reportedly, the new hiring will strengthen many aspects of the company including rides and driver growth, eats, delivery, digital payments, infrastructure etc. The company had planned the expansion to make its services accessible in over 10,000 cities globally. Uber’s Manikandan Thangarathnam vowed to pioneer various industry… read-more
Tags: Uber, recruitment, TECH TEAM, Product team, expansion
Courtesy: The Hindu
Blind Woman Sues Uber For $1.1 Mn For Discrimination, Denying Rides
A San Francisco-based woman named Lisa Irving has sued Uber for $1.1Mn for denying her ride and discriminating for her disability. Irving, a blind woman who uses guide dog, was denied ride by the drivers while commuting to work. Bullied and verbally abused, Irving’s ride was deliberately cancelled by two drivers. After receiving no response from the company, Irving sued Uber, accusing them of discriminating her on 14 occasions.
Tags: Uber, Taxi, US, San Francisco, Lisa Irving, Discrimination
Courtesy: WION
Uber India Pledges Free Rides To, From COVID-19 Vaccination Centres
Uber has vowed to offer Rs 10 crore-worth service for free to help users commute to and from vaccination centres in India. Applying the redeemable promo code '10M21V' when booking, vulnerable citizens aged 45 and above can avail a maximum of two free rides. Uber, through the initiative, endeavours to assist the Central, State Governments and NGOs as India gears up for the third phase of the inoculation drive.
Tags: Uber, Ride-hailing, free rides, Covid-19, Covid-19 Vaccination centre, third phase
Courtesy: Business Today
Kolkata: Uber Cab Driver Returns Lost Bag Containing MacBook, Cash
Cab service Uber's driver Sarwan Kumar has been winning hearts after his story of returning a bag containing Macbook and cash went viral. The bag's owner, Abhijit Majumdar, on March 21 tweeted Sarwan's picture detailing how the driver returned his bag intact at midnight after he left it in the cab. In response, Uber India Support appreciated and thanked Abhijeet for sharing the positive story while lauding Sarwan for his "integrity and… read-more
Tags: Uber, Uber India Support, Sarwan Kumar, Kolkata airport, Abhijeet Majumdar, MacBook
Courtesy: India .com
Uber, Lyft To Create Database With Aim To Expose Abusive Drivers
Uber and Lyft have come together for a "sharing safety programme", aiming to create a database of drivers expelled from their jobs citing sexual assault complaints and other similar crimes. Reportedly, the list will be made available for companies that hire delivery agents for delivering groceries or takeout orders from the restaurant. A third-party organization HireRight will oversee the operations of this safety programme to avoid legal… read-more
Tags: Uber, sexual harrasment, Safety Protocols, Lyft
Courtesy: YourStory
DGGI Initiates Probe Against Ola, Uber Over GST Evasion
For alleged GST evasion, a probe has been initiated against cab aggregators Uber India and Ola by the Director-General of Goods and Services Tax Intelligence(DGGI). Reportedly, the duo has not paid GST on the incentives paid to the drivers and charges imposed from the customers for cancellation of rides. Besides, Uber India and Ola need to pay a tax of about Rs 800 crore, and Rs 300 crore respectively. Moreover, DGGI has summoned companies'… read-more
Tags: Ola, Uber, Cabs, Cab Aggregators, GST
Courtesy: Business Insider
Cab Fares Likely To Get Cheaper As Government Caps "Surge Price"
The government has capped the surge pricing of the cab aggregators at 1.5 times the base price. The move will bring down the fare charges of the cab aggregators such as Ola and Uber. It will also bar the aggregator to reduce prices 50% below the base fare to limit the fare volatility. This move aims to promote asset utilization and to ensure substantiate dynamic pricing principle.
Tags: Ola, Uber, Technology, India
Courtesy: Times Now
Joint Committee Of Parliament To Question Telcos and Cab Aggregators
Following the trail of the social media companies, the telecom operators and cab aggregators will also be questioned by the Joint Committee of Parliament on 'Data Protection Bill'. While Jio has been summoned on November 4, Airtel and Truecaller will appear on November 6. Reportedly, the panel will question Ola and Uber on November 5. The committee is looking into data collection issues and intends to protect individuals' information.
Tags: telecom operators, Airtel, Jio, Ola, Uber, parliament panel
Courtesy: India Today
Delhi: Ola, Uber Drivers on Strike; Demand Extension of Loan Moratorium
Almost two lakh Ola and Uber drivers began a strike on September 1 in Delhi-NCR demanding a fare hike and extension of the moratorium on loan repayment. Kamaljeet Singh Gill, president of Sarvodaya Drivers Association of Delhi said that drivers are scared that banks will tow away their vehicles for not paying EMIs as the moratorium ended on August 31. Gill mentioned that they had already requested the government once.
Tags: Ola, Uber, Indian government, Delhi-NCR
Courtesy: Hindustan Times