Search result for Uber
JAPAN UBER EATS HOSTS BICYCLE TRAINING SESSION FOR ITS STAFF MEMBERS
Highlights –
- Japan Uber Eats hosts bicycle training session for its staff members.
- Uber Eats co-hosted the session with Japan Cycling Association.
- Thirty-three delivery workers joined the training session.
- The session was h...
TOYOTO TO ACQUIRE LYFT’S SELF DRIVING DIVISION FOR $550 MILLION
Highlights –
- Toyota to acquire Lyft’s self-driving division for $550 million.
- Toyota will make the purchase via its unit engaging in software developments Woven Planet Holdings Inc.
- Toyota is also working with Aurora Innovation ...
TAXI HAILING T MAP MOBILITY TO ISSUE NEW SHARES WORTH $357.3 MILLION
Highlights –
- Taxi hailing T Map Mobility to issue new shares worth $357.3 million.
- The shares will then be allocated to two private equity funds (PEFs).
- T Map Mobility’s move comes as it plans to compete with Kakao Mobility.
WHY EATING WATER CHESTNUT IS GOOD FO YOUR HEALTH
Highlights –
- Why eating water chestnut is good for your health.
- Water chestnut is low in calories, contains antioxidants.
- The antioxidants are useful to reduce risk of developing few types of cancer.
- They are high in fiber ...
LAXMI ORGANIC RAISES CASH FROM 15 ANCHOR INVESTORS
HIGHLIGHTS
- Laxmi Organic Industries Limited has raised Rs. 180 ten-million from 15 anchor investors a day before its Issue Opening.
- Based in Mumbai, Laxmi Organic Industries Limited manufactures specialty chemicals.
Mumbai-based spec...
NET PROFIT OF SOFTBANK GROUP IN APRIL-DEC. PEIOD RISE OVER $29 BILLION
Highlights –
- Net profit of SoftBank Group in April-Dec. period rise over $29 billion.
- The massive increase was due to the stock valuation of its tech-company investments.
- The company’s sales in nine months through Dec. were 4.14...
UBER ACQUIRES ALCOHOL DELIVERY SERVICE DRIZLY FOR $1.1 BILLION
Highlights
• The ride-share giant said Drizly's mobile app will stay operational though its ability to order liquid courage using Drizly’s infrastructure will be incorporated into the User Eats app eventually
• The companies said in a joint statement that t...
UBER COMPLETES ACQUISITION OF POSTMATES ANNOUNCED IN JULY
Highlights
• Uber on Tuesday announced completion of its Postmates acquisition deal worth $2.65 billion, which was initially announced in the month of July
• Postmates currently has over 6 lakh restaurants and retailers on its platforms including several buzzing bran...
CALIFORNIA APPEALS COURT HALTS LOWER COURT ORDER OVER UBER AND LYFT DRIVER-EMPLOYER ISSUE
Highlights –
- California appeals court halts lower court order over Uber and Lyft driver-employer issue.
- Drivers wish to continue working as independent contractors.
- The initial ruling forced the companies to treat their drivers as em...
DARA KHOSROWSHAHI: UBER COULD TEMPORARILY SHUT DOWN ITS SERVICES IN CALIFORNIA
Highlights
- A lawsuit has been filed against the company
- It is under the state’s new law, Assembly Bill 5
Dara Khosrowshahi said in an interview that Uber might have to temporarily shut down its services in California. It could...
LAWSUIT FILED BY TAXI WORKERS ALLIANCE ON BEHALF OF NY DRIVERS GETS THE DRIVERS UNEMPLOYMENT CHECKS
Highlights:
• Workers like taxi drivers, termed gig workers, are fighting to get recognized as independent contractors
• Recognition as employees or independent contractors will earn them benefits like employer-funded health care e...
JAPAN’S UBER EATS LABOUR UNION WANTS BETTER INJURY COMPENSATION
Highlights –
- Japan’s Uber Eats labour union wants better injury compensation.
- About 40% of the workers were involved in at least 31 accidents.
- The workers were forced to take leave of one month with no compensation.
- ...
COVID-19 IMPACT: UBER SHUTS MUMBAI OFFICE; SERVICES TO CONTINUE
Highlights
• In the month of May, Uber had sacked its 600 employees in India
• The services in Mumbai will remain unaffected and the company aims to continue its high level services said Uber spokesperson
• Since the pandemic, Uber has already fired 6,...
UBER SACKS 23% OF WORKFORCE AMID COVID-19 CRISIS
Highlights
• Uber Technologies Inc. will sack 6,700 employees
• The newly planned measures are expected to bring in $1 billion in annual cost savings
According to an email sent by Uber Technologies Inc.’s chief executive officer Dara Khosrowshahi to e...
UBER EATS’ NEW RIVAL IN JAPAN: DIDI CHUXING
Highlights:
- Uber launched Uber Eats, a food delivery service in 2014 & China’s cab service Didi Chuxing launched its food delivery network in 2018
- The Chinese brand now seeks to enter the Japanese market as a competitor to Uber Eats
UBER TO LAUNCH “UBER PET SERVICE” IN LA FOR A FEE
Highlights:
- Uber to introduce Uber Per service
- Owners can now travel in Las Vegas with their pets for a fee
Uber ups its service quotient with its new pet ride feature. To be launched exclusively for Las Vegas for now, Uber Pet serv...
ZOMATO ACQUIRED THE FOOD DELIVERY BUSINESS OF UBER IN INDIA
Highlights:
- The Indian Uber food delivery business has been sold to Zomato
- Uber Eats is now being redirected to Zomato
- Zomato hopes to score over Swiggy with this deal
In India, the food delivery business of Uber has...
Uber to expand business to Korea: a “taxi-first country”
Dara Khosrowshahi, chief executive of the ride-hailing giant stated that it was suggested by Uber that it saw hope in trying again to set up their business in the South Korean market, as it could do good in "taxi-first countries" such as South Korea itself and Japan by tempting internat...
Saudi Aramco IPO and Alibaba IPO performed well in the market apart from Uber IPO
Saudi Aramco’s IPO
In the beginning of December month Saudi Aramco’s IPO priced at the top end of its range, at value of $1.7 trillion.
The stock’s first day of trading directly made the company officially known as the Saudi Arabian...
U.S IPO Karuna Therapeutics gives huge returns to investors
Karuna Therapeutics is a state-of-the-art clinical-stage biopharmaceutical company mainly focused on developing original therapies to address disabling neuropsychiatric conditions characterized by significant unmet medical need.
As the company performed well in November month, the early...