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Uber India's ride-hailing losses surge in FY25
Financial Express Kochi
|February 14, 2026
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.
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
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Financial Express Kochi
RIL arm inks deal with Nigerian group
RELIANCE CONSUMER PRODUCTS (RCPL), the FMCG arm of Reliance Industries, on Monday said it has signed a definitive agreement to form a majority-owned joint venture with Nigerian conglomerate Tropical General Investments Group.
1 mins
February 17, 2026
Financial Express Kochi
US to cut reciprocal tariff this week: Commerce secy
INDIA’S CHIEF NEGOTIATOR TO VISIT THE US NEXT WEEK
2 mins
February 17, 2026
Financial Express Kochi
Exports of marine items increase 15% in Apr-Jan
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1 min
February 17, 2026
Financial Express Kochi
JSW MG lines up ₹4,000 cr to triple its India capacity
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2 mins
February 17, 2026
Financial Express Kochi
Akash Ambani showcases Jio's tech platforms
PRIME MINISTER NARENDRA Modi visited the Jio Intelligence Pavilion at the India AI Impact Summit 2026,where he reviewed a range of Al-powered models and solutions.
1 mins
February 17, 2026
Financial Express Kochi
Eurozone finance chiefs seek bigger role of euro
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1 mins
February 17, 2026
Financial Express Kochi
Unesco flags governance, inclusion gaps in AI readiness
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1 min
February 17, 2026
Financial Express Kochi
Youth unemployment rate rises to 14.7% in January
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2 mins
February 17, 2026
Financial Express Kochi
'Al is now driving early disease detection'
ANKIT MODI, FOUNDING MEMBER & CHIEF PRODUCTS OFFICER, QURE.AI
2 mins
February 17, 2026
Financial Express Kochi
Desi AI: A blueprint for leadership
ANTHROPIC'S RELEASE OF Claude Cowork and Claude Code triggered a sharp dip in Indian IT stocks, signalling a vastly changed technology ecosystem. India’s manpower-intensive services companies are clearly under threat from artificial intelligence (AI), anda transition to an intellectual property-driven future leveraging Alis now an existential necessity. When confronted in Davos recently with the label “second-tier AI power”, Union Technology Minister Ashwini Vaishnaw gave a thoughtful riposte, laying out a layered AI taxonomy and arguing that leadership in many of the layers makes India decidedly not second tier. While this assertion is sound, the underlying anxiety is real—Indians aspire to a indigenous or desi AI that is an unequivocal global leader. The key question about realising this aspiration is not if the government should be involved, but how. We answer this through a careful examination of historical successes and failures in governance of technology development—from Tokyo to Washington, and from Centre For Development Of Telematics (C-DoT) to United Payments Interface (UPI).
3 mins
February 17, 2026
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