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Ola, Uber, Others to Meet Government Over Unfair Trade Practices

The government has called a meeting of cab aggregators like Ola and Uber on Tuesday to discuss their policies related to fare calculation, surge pricing, ride cancellations and measures taken by them for data protection of customers, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. The meeting has been called amid rise in consumer […]

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News

Ola, Uber, Others to Meet Government Over Unfair Trade Practices

The government has called a meeting of cab aggregators like Ola and Uber on Tuesday to discuss their policies related to fare calculation, surge pricing, ride cancellations and measures taken by them for data protection of customers, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. The meeting has been called amid rise in consumer […]

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Technology

Ola, Uber, Others to Meet Government Over Unfair Trade Practices

The government has called a meeting of cab aggregators like Ola and Uber on Tuesday to discuss their policies related to fare calculation, surge pricing, ride cancellations and measures taken by them for data protection of customers, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. The meeting has been called amid rise in consumer […]

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Apps

Uber Said to Cut Costs, Slow Down Hiring: Report

Uber will scale back hiring and reduce expenditure on its marketing and incentive activities, CNBC reported on Monday, citing a letter from Chief Executive Officer Dara Khosrowshahi. The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta said last week it would slow down the growth […]

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Technology

Uber Said to Cut Costs, Slow Down Hiring: Report

Uber will scale back hiring and reduce expenditure on its marketing and incentive activities, CNBC reported on Monday, citing a letter from Chief Executive Officer Dara Khosrowshahi. The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta said last week it would slow down the growth […]

Read More
Technology

Uber Reports Loss in Q1 2022 Despite Double Growth in Rides Business

Uber shares skidded Wednesday after the company said it was hit with a big loss in the first three months of this year despite a rebound in its ride-share business. Quarterly revenue at Uber’s rides unit nearly tripled year on year to $2.5 billion (roughly Rs. 19,066 crore), topping the sum taken in from its […]

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Apps

Uber Reports Loss in Q1 2022 Despite Double Growth in Rides Business

Uber shares skidded Wednesday after the company said it was hit with a big loss in the first three months of this year despite a rebound in its ride-share business. Quarterly revenue at Uber’s rides unit nearly tripled year on year to $2.5 billion (roughly Rs. 19,066 crore), topping the sum taken in from its […]

Read More
News

Uber Reports Loss in Q1 2022 Despite Double Growth in Rides Business

Uber shares skidded Wednesday after the company said it was hit with a big loss in the first three months of this year despite a rebound in its ride-share business. Quarterly revenue at Uber’s rides unit nearly tripled year on year to $2.5 billion (roughly Rs. 19,066 crore), topping the sum taken in from its […]

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Apps

Uber Admits to Claims It Misled Consumers About Ride Fare, Cancellation Fees

Australia’s competition watchdog is suing Uber Technologies and seeking an AUD 26 million (roughly Rs. 140 crore) fine from the ride-hailing platform after it admitted to misleading consumers about ride fare estimates and cancellation fees. The Australian Competition and Consumer Commission (ACCC) on Tuesday said Uber admitted that between December 2017 and September 2021 it warned […]

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Apps

Uber Suspends Services in Tanzania Over New Fare Rules

US ride-hailing giant Uber has suspended its services in Tanzania, saying government legislation that raises fares and cuts its commission made it difficult for it to operate. Uber said it made the “difficult decision to pause operations” in the East African country from Thursday. “The pricing order proposed by the Land Transport Regulatory Authority (LATRA) […]

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