Ride-hailing app Uber is selling off its entire holding in Indian food delivery company Zomato for at least $373 million (Rs 2,939 crore) through a block deal of shares, merchant banking sources said on Tuesday. The development comes on a day when the Zomato scrip witnessed a nearly 20 per cent surge to close at Rs 55.60 apiece on the BSE. The sources said the offer price range for the deal to be carried out on Wednesday will be between Rs 48-54 per share.
'We handle close to 3 million rides daily, making us one of the largest players in this segment'
Finance Minister Nirmala Sitharaman on Saturday said the government will arrange identity cards and registration on the e-Shram portal to assist 1 crore gig workers. Presenting the Union Budget 2025-26, the finance minister also said a scheme for the socio-economic upliftment of urban workers will be implemented.
From layering gold links to pairing bold chains with sleek outfits, celebrities are redefining how we wear this trend.
Leaders who built and manage these incredible global companies cannot be tyrants, slave-drivers, or idiots. Essentially what they are saying falls under the definition of rallying the troops, inspirational talk, like the usual coach-speak with the team before a match, asserts Shekhar Gupta.
The duo is aiming for top-30 ranking and continued success in bigger tournaments.
Pravinkoodu Shappu is a quirky whodunnit with its fair share of laughs, observes Arjun Menon.
The actor is uber stylish when it comes to what she wears.
Since Suryakumar took over as captain last year, India have hardly put a wrong but his own form has dipped.
Fairwork focuses on five principles of fair gig work: Fair pay, fair conditions, fair contracts, fair management, and fair representation.
As Indians start travelling in the new normal, strong recovery in smaller towns underscores success for ride-hailing giant's 'India to Bharat' strategy, which offers new products in regional markets.
Two-time Olympics medallist P V Sindhu opted out citing post-Olympics recovery.
South Korea ended their 12-year wait for an Uber Cup title with a 3-2 upset of defending champions China that was only decided in the last singles match of the final in Bangkok, Thailand on Saturday.
Uber CEO Dara Khosrowshahi says the younger generation doesn't dream of owning a car, but instead wants the freedom of having any service on demand.
The Greatest Of All Time's Meenaakshi Chaudhary is proof that a little class goes a long way.
The cab-hailing firm needs to jettison its baggage of dysfunctional corporate and gender insensitivity, finds out Ritwik Sharma.
'12% of all our global trips are done in India.'
Comment by SoftBank board member sets off talk of Ola-Uber merger.
Kalanick, in a statement, said he has "accepted a group of investors' request to step aside so that Uber can go back to building rather than be distracted with another fight".
Reports suggest that the police were unable to find any contact of the company's office and had to take a Uber cab to reach the company's training centre in Gurgaon, giving credence to the perception that Uber has grown too much too soon.
Ola and Uber said they have resumed services in areas within orange and green zones, and have introduced requirements like wearing masks to ensure safety of riders and driver partners.
Dara Khosrowshahi has the Herculean task of repairing Uber's image, boosting employee morale and turning the business profitable for the world's most valued startup.
Sindhu pulls out of Uber Cup
The Asia-Pacific head of United States-based cab service Uber was questioned by the police for the second consecutive day on Wednesday in connection with the rape of a 27-year-old finance executive by the company's driver, during which he was asked about details of their safety features, details of drivers among others.
The event was originally scheduled to be held from May 16-24 last year but was postponed to August 15-23. Later it was further delayed to October due to the COVID-19 pandemic.
The Indian men's team will face Chinese Taipei in group C of Thomas Cup Final later in the day.
Uber on Tuesday said it is laying off about 600 employees in India -- about a quarter of its staff in the country -- as business has taken a major hit amid the COVID-19 pandemic. The development comes days after rival Ola had announced laying off 1,400 people from its rides, financial services and food business.
Cab aggregators caught between showing profitability to investors, increasing their network and dabbling in areas such as food ordering have seen a major blow to their primary business.
He was illegally probing a 2014 Delhi rape case using the victim's medical records to find out if it was a ploy by Ola to sabotage Uber's operations
Anmol Kharb achieved a remarkable feat by securing her second consecutive title on Sunday, winning the Poland International with a straight-game victory over Switzerland's Milena Schnider
Sindhu has agreed to compete in next month's Thomas and Uber Cup after deciding to pull out of the event earlier due to personal reasons
After Indonesia and South Korea on Friday joined Thailand, Australia, Chinese Taipei and Algeria in pulling out due to the dreaded disease
The company faces regulatory hurdles in these countries
The prestigious event was originally scheduled to be held from May 16-24 but was postponed to August 15-23 before finally rescheduling it in October due to the COVID-19 pandemic.
The ride-hailing company will soon launch UberEATS, which has been testing food and grocery deliveries since 2014, in India. Alnoor Peermohamed reports.
The capital infusion is expected to bolster its presence in the country by funding its key businesses to take on Indian rival Ola.
The general manager of Uber taxis in Mumbai was allegedly slapped by a member of a local outfit in Mumbai on a day when Maharashtra government decided to ban web-based taxi services in the state.
According to a source SoftBank is in favour of Ola acquiring the Indian unit of Uber, but the finer details of the deal are being discussed
The new feature is up and running in Nagpur, Guwahati and Jodhpur
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances