Ola has also teamed up with DriveTech, consulting giant Mercer and Pearson to ensure that its riders in London will benefit from the highest standard of driving skills, and driver customer service and communication

Kalanick, who helped found Uber in 2009 and once exerted nearly complete control, will depart Uber's board of directors by the end of the year, the company said on Tuesday

Kalanick still owns about 75.4 million shares in Uber, worth more than $2 billion, based on their Friday closing

The rescue financing marks a dramatic fall from grace for Neumann, who as recently as last month was preparing to take WeWork public as chief executive after attaining a $47 billion valuation for it in January

SoftBank managed to muster enough opposition to Neumann in a meeting of We Company's seven-member board on Tuesday to convince him to step down.

Since 2000, only 18 companies that are valued at over $1 billion opened below their IPO price on the American exchanges

Uber was the biggest of a group of Silicon Valley startups that have spent years raising money in private rounds at record prices

The world's largest ride-hailing service reached a major milestone when Uber priced its long-awaited initial public offering at $45 price per share to set the stage for its stock to begin trading

CEOs are getting paid more than before. But is there a co-relation between pay and performance?

Investment bankers had previously told Uber it could be worth as much as $120 billion. Uber would be the largest initial public offering since that of Chinese e-commerce company Alibaba Group Holding Ltd in 2014, which raised $25 billion

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Ashok Chawla resigns as non-executive chairman of Yes BankFormer bureaucrat Ashok Chawla resigned as non-executive chairman of Yes Bank on Wednesday, the private sector bank said. According to sources, Mr Chawla offered to quit as controversy was being generated on his continuance on the board of directors following his name appearing in a CBI charge-sheet in the Aircel-Maxis case. IT dept looking into 80,000 cases where returns not filed after demonetisationThe Income Tax Department is ...

But broader economic conditions and sustained losses could push Uber to merge with rivals in India and the Middle East, particularly as Uber and India-based Ola share an investor in SoftBank Group Corp.

The Indian Institutes of Management (IIM), XLRI Jamshedpur, and SPJIMR Mumbai are now focussing on teaching students the importance of ethics and corporate governance and corporate social responsibility.

The deal, which could be announced as early as Monday, marks the industry's first big consolidation in Southeast Asia and puts pressure on rivals such as Indonesia's Go-Jek, backed by Alphabet Inc's Google and China's Tencent Holdings Ltd.

President Trump signs tariffs on steel and aluminumThe proclamations by US President Donald Trump to impose steep tariffs on imported steel and aluminium received mixed reaction from stakeholders with some seeing it as a step that would revive the manufacturing sector while others warned it would lead to a trade war. As reported by PTI, Trump has signed two proclamations that impose 25 per cent tariff on imported steel and 10 per cent on aluminium. While one section hailed it as...