Dara Khosrowshahi

RBI has changed guidelines on storing card details by merchants (like Uber) for transactions in India.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 --…

Uber will scale back hiring and reduce expenditure on its marketing and incentive activities, CNBC reported on Monday, citing a letter from Chief Executive Officer Dara Khosrowshahi.The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta said last week it would slow down the growth of its workforce.Khosrowshahi said Uber's change in strategy was a necessary response to the "seismic shift" in investor sentiment, according to the CNBC report."The least…

Twitter Inc. TWTR -8.31% is freezing most hiring. Amazon.com Inc. recently said it is overstaffed in its warehouses. Uber Technologies Inc. UBER 3.57% told employees to consider hiring a privilege.After years of adding jobs at a rapid pace, some of America’s fastest-growing companies have signaled in recent weeks that they plan to take a more cautious approach to bringing on new workers. The shift by these technology…

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during a Bloomberg Technology television interview in San Francisco, California, U.S., on Tuesday, Dec. 14, 2021. David Paul Morris | Bloomberg | Getty ImagesUber on Wednesday reported surging revenue during the first quarter as the ride-hailing company said it's recovering from its coronavirus lows and wouldn't have to put up "significant" investments to keep drivers on the platform.But it also reported a $5.9 billion loss during the period that…