Uber Ceo Dara Khosrowshahi

Uber's comment on an ICIJ report on the manner in which it flouted local rules to build its business is revealing as it seeks to wash its hands off the management's deeds pre-2017

He says the younger generation doesn't dream of owning a car, but instead wants the freedom of having any service on demand

India is a very competitive market with demanding consumers but its "profitability characteristics" are improving, Uber chief executive Dara Khosrowshahi told reporters

The change in the strategy has been made in an effort to help government understand the cab aggregating segment as well as the company better

Uber says it will leverage the profits it makes from developed markets in the US and Europe to fund the losses of its Indian business