Ride-hailing company Uber on Tuesday announced that it has hired Namit Jain, as a new Senior Director, Engineering, to lead its data, core infrastructure and platform teams in India.
The Uber app will let customers book bus seats as the company works with private firms and state-run services.
Improper grievance redress mechanism, poor service, hefty cancellation charges and fairness of algorithm used to charge fares among major issues raised
Falling valuations, slowing funding rounds add to woes; move aimed at conserving cash and shore up profitability
Firm says it has raised rates to cushion impact of rising fuel prices on drivers' earnings
Cab-hailing firm will show trip destinations to drivers before they decide to accept a ride.
Drivers who meet a predefined trip acceptance threshold will be eligible to get destination information, says Uber
Both services are available to Uber Eats users in Santa Monica and West Hollywood in California
SoftBank's $1.4 billion investment in Indian fintech firm Paytm currently has a fair value of around $800 million
The company said the hiring plan is a testament to Uber's commitment to India, and its recognition of the engineering talent in the country.
Takes tough stand on ride cancellation and surge pricing
The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc
Khosrowshahi said Uber's driver base is at a "post-pandemic high" and that it expects engagement to continue "without significant incremental incentive investments."
The Finance Minister also met Uber CEO Dara Khosrowshahi, who gave a snapshot of the company's investment in India and expansion plan
Diesel and petrol prices have gone up by Rs 6.40 per litre each between March 22, when they were hiked by 80 paisa per litre after a hiatus of 137 days, and March 31
Acting on the high court's directive, six companies, including Ola and Uber, had made 10 applications for aggregator's licence under the Union government's guidelines
Three RTOs in Mumbai Metropolitan Region have received ten applications from six companies, including Ola and Uber, for the aggregator license as per the provisions officials said on Monday.
Uber had previously claimed that it has assuaged safety concerns by improving insurance document verification systems and rolling out real-time identification
The company said it planned to include every taxi on its Uber app by 2025 and last year added 122,000 new taxis to its platform.
Uber on Wednesday announced the launch of its first National Driver Advisory Council which will facilitate a two-way dialogue between the ride-hailing company and drivers to address critical issues and improve their platform experience.