'Uber bids $3 bn for Nokia''s HERE mapping service'

Last Updated: Friday, May 8, 2015, 13:29

Current growth rate suggests HERE will make more than 400 mn euros of annual operating profit after two to three years.

Zomato, Uber sign global pact to provide enhanced experience

Last Updated: Thursday, April 23, 2015, 11:10

Online restaurant guide Zomato and taxi hailing app Uber have entered into a partnership to enable users book cabs to the restaurant they are planning to eat at.

Geneva bans Uber in latest setback for US firm

Last Updated: Tuesday, April 14, 2015, 16:56

Authorities in Geneva have banned Uber for breaching local taxi laws but the beleaguered US-based company said Tuesday it was appealing the order and denied any wrongdoing.

Centre to soon issue advisory on app-based taxi services

Last Updated: Friday, April 10, 2015, 15:17

The advisory may be issued as an interim measure.

Ola raises about $314 million in fresh funding

Last Updated: Thursday, April 9, 2015, 11:21

India`s biggest online taxi business Ola has raised about $314 million in a fresh round of funding from investors including billionaire Russian Yuri Milner`s DST Global, a company filing showed.

Uber now testing electric cars in Chicago

Last Updated: Monday, March 16, 2015, 11:45

Uber is reportedly using a fleet of electric cars as part of a new test program in Chicago, a report said.

Uber unveils plan for training women cabbies

Last Updated: Thursday, March 12, 2015, 21:10

Cab aggregator service Uber today announced that it had tied up with a Singapore-based company to train women drivers even as it continues to be under a Delhi government ban after a driver enlisted with it allegedly raped a 25-year-old woman executive inside a taxi.

Ola Cabs acquires TaxiForSure in $200-mn deal

Last Updated: Monday, March 2, 2015, 14:53

"Furthering its mission to revolutionise personal transportation in the country, Ola announced that it has acquired TaxiForSure for USD 200 million in a cash and equity deal," the company said in a statement on Monday.

China's Baidu invests in controversial taxi app Uber

Last Updated: Wednesday, December 17, 2014, 19:33

Chinese search engine Baidu, the country's equivalent of Google, announced Wednesday it has bought a stake in Uber for an undisclosed sum, as the controversial US web-based taxi app seeks to expand into an already crowded market.

Uber faces tough rivals, regulatory glare in China

Last Updated: Wednesday, December 17, 2014, 15:06

Deep-pocketed Chinese rivals and tough regulators stand in the way of U.S. car-hailing service Uber`s plans to conquer one of the world`s biggest transportation markets, even after it signed a tieup with domestic internet giant Baidu Inc.

China's Baidu confirms investment in online taxi service Uber

Last Updated: Wednesday, December 17, 2014, 11:47

The companies didn`t disclose how big a stake Baidu is taking, nor how much it is paying for the investment, announced jointly in Beijing.

Auto, taxi unions threaten to go on two-day strike

Last Updated: Monday, December 15, 2014, 20:22

The autorickshaw and taxi unions have threatened to go on a two-day strike from January 5 in favour of their charter of demands, including removal of GPS and toll tax on private taxis.