Uber Ceo Dara Khosrowshahi

Uber first entered the South Korean market in 2013, but pulled out due to regulations that only allow companies with taxi licenses to offer ride services

In the quarter ending March 31, Uber witnessed a 15% surge in global revenue from the previous year, reaching $10.13 billion

Uber chief had said Ola was foraying into other areas but Uber was focused on ride-sharing business

Billionaire Gautam Adani on Saturday met Uber CEO Dara Khosrowshahi, who is currently on a visit to India, and hinted at possible future collaborations between his conglomerate and the ride-hailing app. Taking to X, both business leaders appreciated their conversation on the Indian growth story and their vision for the subcontinent. "Absolutely captivating chat with @dkhos, CEO of @Uber. His vision for Uber's expansion in India is truly inspiring, especially his commitment to uplifting Indian drivers and their dignity. Excited for future collaborations with Dara and his team! #UberIndia," Adani said in a post on X. The Uber CEO said he met the head of ports-to-energy conglomerate over breakfast for an "absolutely terrific conversation". He also highlighted the mobility service provider's commitment to accelerate EV transition in India. Adani also posted pictures of the meeting but the two did not say where the meeting took place. The pictures seem to suggest the meeting took place

'Expectation of consumers for more services with lower spend a challenge'

The introduction of commercial flight bookings is "the latest and most ambitious step" in Uber's strategy, said its UK general manager Andrew Brem

Uber's comment on an ICIJ report on the manner in which it flouted local rules to build its business is revealing as it seeks to wash its hands off the management's deeds pre-2017

He says the younger generation doesn't dream of owning a car, but instead wants the freedom of having any service on demand

India is a very competitive market with demanding consumers but its "profitability characteristics" are improving, Uber chief executive Dara Khosrowshahi told reporters

The change in the strategy has been made in an effort to help government understand the cab aggregating segment as well as the company better

Uber says it will leverage the profits it makes from developed markets in the US and Europe to fund the losses of its Indian business