Didi to spin off car services unit in up to $1.5 billion deal: Sources

Jul 17 2018 | 4 hrs ago

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.

Rolls-Royce plans for take-off in flying taxi market

Jul 15 2018

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.

CCD partners with Uber for food products distribution

Jul 11 2018

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.

Uber, Alphabet invest in bike sharing service Lime

Jul 10 2018

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).

Singapore watchdog says Grab-Uber deal hurts competition, proposes fines

Jul 05 2018

The commission said it proposed the fines because Uber and Grab carried out the transaction despite having anticipated potential competition concerns.

Singapore says Grab-Uber merger lessened competition, proposes penalties

Jul 05 2018

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 in talks with Dubai's Careem to merge in Middle East: Bloomberg

Jul 04 2018

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.

NYC taxi commission study backs pay rise for NYC Uber, Lyft drivers

Jul 02 2018

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 planning new ecommerce tax for multinationals'

Jun 22 2018

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.

Gas major Gail Gas partners with Uber Inc

Jun 20 2018

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.

Indian Markets


    36,531.47 207.70   (0.57 %)

    11,016.55 79.70   (0.73 %)

Global Markets


Stocks In News



Xiaomi MI TV enter into distribution partnership


IHH makes open offer for 197.03 Mn shares of Fortis Healthcare


 Seeks $3 Bn Loan To Buy Arysta


Board meet today to finalise LIC deal

twitter @BTVI