In 2016, Rajesh Raut started driving an Uber taxi in Mumbai, hoping he could ear...
MUMBAI/NEW DELHI - In 2016, Rajesh Raut started driving an Uber taxi in Mumbai, hoping he could earn more than the $215 he received each month for making flatbreads at a roadside stall.
“There is no benefit in driving for Uber ... my life was much better just as a cook,” said 26-year-old Raut. To be sure, many drivers from Uber are still earning more than they could get in other blue-collar jobs in India. The national minimum wage in India is only about $2.50 a day. Uber started its India operations in 2013, three years after local rival Ola launched a ride-hailing service. Both are backed by Japan’s Softbank Group Corp. Ola, which operates in 125 cities in India, last year said it plans to go public in four years.
In early 2017, the company slashed incentives by around 30 percent overnight, said three former Uber India executives, who declined to be named.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO everBerkshire Hathaway Chairman and CEO Warren Buffett explains why he passed on Uber's initial public offering.
Read more »
Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO“In 54 years, I don’t think Berkshire has ever bought a new issue,” Warren Buffett said.
Read more »
Uber in driver’s seat as IPO market gears up for busiest week since 2015The U.S. initial public offering market is facing its biggest week since 2015 with at least 15 deals expected to price, including Uber, the biggest IPO since...
Read more »
Uber drivers eye IPO riches, call for strike in U.S. and UKUber drivers eye IPO riches, call for strike in U.S. and UK by leejane71 alexandriasage ReutersJF
Read more »
Uber and Lyft drivers plan to strike and rally ahead of Uber's IPORideshare drivers are planning to strike and rally again — this time, ahead of Uber's impending IPO
Read more »
Uber drivers to strike over pay and benefits ahead of the company’s $90 billion IPODrivers argue the road to both companies’ IPOs has been paved by workers who Uber and Lyft have insisted for years are merely contractors.
Read more »
Ride-hailing drivers in New York to strike ahead of Uber IPOUber Technologies Inc's drivers in New York will go on strike next week sho...
Read more »
As IPO looms, Uber clings to hard-knuckled tactics in pursuit of growthUber co-founder and former CEO Travis Kalanick used to tell investors he liked t...
Read more »
Uber, Lyft drivers plan to strike ahead of Uber’s IPODrivers are calling for better job security, a livable income and a cap on the ride-hailing companies’ commission.
Read more »
Uber Wants to Be the Uber of Everything—But Can It Make a Profit?E-bikes over cars. Parking lots replaced by parks. Drone delivery. This is Uber's vision for the future—with the company at the center. Now it just needs to make money.
Read more »
Lyft to report earnings for the first time as a public companyLyft's stock has tumbled since its public debut in March as analysts scrutinize its path to profitability as rival Uber prepares its IPO.
Read more »