Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion ahead of its expected initial public offering, people with direct knowledge of the matter told Reuters.
British jet engine maker Rolls-Royce (RR.L) has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early next decade.
Coffee Day Enterprises, which runs coffee chain under brand name Cafe Coffee Day, today said its subsidiary has entered into an agreement with Uber Portier B V for the distribution of food products in India.
Bike sharing service Lime said it raised $335 million from a group of investors including ride-sharing firm Uber Technologies Inc and Alphabet Inc (GOOGL.O).
The commission said it proposed the fines because Uber and Grab carried out the transaction despite having anticipated potential competition concerns.
Singapore’s Competition and Consumer Commission said the merger of Grab and Uber had substantially lessened competition in the ride-hailing business in the city-state and proposed to impose financial penalties on the two parties.
Uber is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported, citing three people familiar with the matter.
New York City’s cash-strapped Uber and Lyft drivers have been campaigning for bigger paychecks, and their effort got a boost on Monday from a study two economists conducted for the city’s Taxi and Limousine Commission.
Chile’s govt is planning to include a new tax on multinational digital commerce companies with local operations as part of a wider tax bill set to go to Congress.
Gail Gas, a wholly-owned subsidiary of state-run gas major Gail India, has partnered with Uber to promote CNG use across various cities in the country.