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Uber India's ride-hailing losses surge in FY25

February 14, 2026

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Financial Express Bengaluru

UBER INDIA REPORTED a consolidated loss of $1,512 crore in FY25,up sharply from $89 crore in the previous fiscal, as its ride-hailing business bore the brunt of intensifying competition.

- FE BUREAU

According to the company’s consolidated financial statements for the year ended March 31, net revenue from ride-hailing collapsed 89% to $88 crore from $807 crore in FY24. The drop is striking given that gross revenue from ride commissions remained flat at $2,604 crore during the year, pointing to a widening gap driven entirely

المزيد من القصص من Financial Express Bengaluru

Financial Express Bengaluru

Iran is pursuing nuclear deal with US, says official

IRAN IS PURSUING a nuclear agreement with the US that delivers economic benefits for both sides, an Iranian diplomat was reported as saying on Sunday, days before a second round of talks between Tehran and Washington.

time to read

1 min

February 16, 2026

Financial Express Bengaluru

Rubio visits central Europe to bolster ties

ENERGY & DEFENCE COOPERATION DISCUSSED

time to read

1 mins

February 16, 2026

Financial Express Bengaluru

Equity mutual funds deploy ₹13,706-cr cash in January

WITHTHE EQUITY indices logging a second consecutive month of fall and fewer new fund offer being launched in January, equity mutual fund schemes deployed ₹13,705.87 crore of their cash holdings, taking the total to ₹1.35 lakh crore, according to Prime Database monthly mutual fund tracker.

time to read

1 min

February 16, 2026

Financial Express Bengaluru

Close to the real thing

THERE IS NO DISTORTION EVEN AT HIGH VOLUME

time to read

1 mins

February 16, 2026

Financial Express Bengaluru

Blackstone to invest $1.2 bn in AI cloud startup Neysa

DEAL TO COMPRISE $600 MILLION IN EQUITY

time to read

2 mins

February 16, 2026

Financial Express Bengaluru

Making sovereign AI projects fail-proof

WITH NUMEROUS NATIONS scrambling to establish their own sovereign AI ecosystems, investing billions in infrastructure and cutting-edge models, one critical question surfaces—why do so many of these mega projects never reach production? Ruchir Puri, chief scientist and vice-president, IBM Research, shares three fundamental issues that most governments underestimate.

time to read

1 min

February 16, 2026

Financial Express Bengaluru

'Summit will position AI as a development tool'

WHEN THE FOURTH edition of the AI Impact Summit opens at Bharat Mandapam on Monday — its first outing in the Global South — it will do so against a backdrop that is anything but placid.

time to read

1 min

February 16, 2026

Financial Express Bengaluru

When AI and humans work in tandem

FORMER GITHUB CEO Thomas Dohmke has raised $60 million for a company that makes developer tools aiming to better merge the efforts of human programmers and AI coding applications.

time to read

1 min

February 16, 2026

Financial Express Bengaluru

Look at NHAT’s InvIT IPO for regular income flow

AS LONG-TERM INVESTMENT VEHICLES, INvITs TYPICALLY OFFER 9-12% RETURNS

time to read

2 mins

February 16, 2026

Financial Express Bengaluru

Religare announces demerger to unlock shareholder value

BURMAN FAMILY-BACKED RELIGARE Enterprises (REL) has approved a plan to demerge its financial services and insurance businesses into two separately listed entities, in a move aimed at unlocking shareholder value and sharpening strategic focus.

time to read

1 min

February 16, 2026

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