Business
Uber dismisses claim that it planned to exit Indian market

New Delhi, June 23
Uber on Thursday refuted a report that claimed the ride-hailing major planned to exit the Indian market and held discussions with potential buyers to sell its India business.
Bloomberg reported that the US-based company explored selling the India business, but "suspended discussions after tech startup valuations cratered."
In a statement shared with IANS, an Uber spokesperson said the company never explored exiting India -- not even for a minute -- and the report is "categorically false."
"India is as important to Uber today as it was when we launched nine years ago. We are serving riders and drivers across more than 100 cities, hiring Indian talent aggressively, and planning for the next decade and beyond," the company spokesperson said.
Uber competes with SoftBank-backed Ola in the country.
Uber CEO Dara Khosrowshahi said in April that it will expand its product offerings and its team in India.
"We continue to expand the product offerings for the Indian consumer. Whether it is autos, motos or high-capacity vehicles or rentals, India has always been a very big part of the Uber journey," he said during the Virtual i3 summit organised by Times Bridge.
Uber aims to expand its engineering talent in India to more than 1,000 people from 700 at present, he had announced.
Last month, Uber India's Director of Central Operations, Nitish Bhushan, said that they are "always striving to make driving with Uber a viable and attractive option for drivers and the recent hike in fares will directly boost their earnings per trip".
To remove frustration for riders and drivers alike, the company is also showing trip destinations to drivers before they decide to accept the ride.
"Drivers at the Uber advisory council meeting told us they would like more flexibility around payments. We are now showing drivers the mode of payment (cash or online) before the trip starts," the company said.
To make the cash or online decision irrelevant, the company has also introduced a daily pay process for drivers.
With these changes, the company said that they are also reinforcing their service quality expectations with drivers, especially in areas like cancellation and ensuring AC rides.

8 hours ago
US Vice President Vance casts tie-breaking vote as Senate passes GOP megabill

8 hours ago
Dr. Tina Shah Announces Bid For New Jersey’s 7th Congressional District

8 hours ago
The American Telugu Association (ATA) 19th Conference & Youth Convention to be Held in Baltimore

9 hours ago
USAID officially shuts down

9 hours ago
EAM Jaishankar reiterates India's right to defend against terrorism, asks Quad understanding

11 hours ago
Canada withdraws Digital Services Tax following suspension of trade talks by Trump

11 hours ago
Without EV subsidies, Musk to close up shop, head back home to South Africa: Trump

11 hours ago
Netanyahu confirms US visit next week to meet Trump, top officials

13 hours ago
US foreign aid cuts can lead to over 14 mn preventable deaths globally by 2030: Lancet

15 hours ago
14-year-old girl found unconscious with multiple wounds in moving train in MP

15 hours ago
Padmini Kolhapure reflects on motherhood and the everlasting bond with her son

15 hours ago
Here’s how Kangana Ranaut extended her support to Anupam Kher’s film 'Tanvi The Great'

15 hours ago
Adah Sharma reveals she suffered a serious nose injury while filming her next action thriller