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

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.

Facebook said it has linked with 28 partners to form Libra Association, a Geneva-based entity governing its new digital coin, which it will launch in the first half of 2020

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

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

You may soon be allowed to use your private car as Ola, Uber cabIn an attempt to reduce the number of passenger vehicles on roads and subsequently reduce air pollution, the government is pushing for a rather unconventional method. The Centre wants to promote ride sharing on private cars. This would enable carpooling of private vehicles and allow them to operate as taxis through services such as Ola and Uber. However, it is not lost on authorities that permitting this would adver...

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.

Uber exits SE Asia in latest retreat from global marketsSingapore-based company Grab is taking over the ride-sharing and food delivery operations of Uber in South East Asia with the California-based company to receive a 27.5 per cent stake in the business in return as reported by PTI. The sale is Uber's latest withdrawal from a market where it had faced fierce competition, as new chief executive Dara Khosrowshahi seeks to stem huge losses and move past a series of scandals. The de...

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.

Japan's SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.

Khosrowshahi said while he couldn't erase the past, he could commit on behalf of every Uber employee that they would learn from mistakes