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Uber rival Lyft acqui-hires Pune tech startup FinitePaths

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Consequently the Indian firm will shut down its app Trail Answers

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Dubai traffic. Photo: Bloomberg
A driver displays Uber and Lyft ride sharing signs in his car windscreen in Santa Monica, California, U.S., May 23, 2016.    REUTERS/Lucy Nicholson/Files
Photo: Bloomberg
Photo: Bloomberg
Driverless cars are transiting from laboratory to the roads

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A mascot of Didi Chuxing is seen at the company's headquarters in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo
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Tesla CEO Elon Musk speaks during a Tesla event in Palo Alto, California October 14, 2015. REUTERS/Beck Diefenbach
Tesla mulls rolling out Uber-style ride services next year

Car makers have rushed to invest in so-called mobility services, hoping to capture the potential trillions of dollars in revenue from selling both vehicles and such on-demand services, while carving out a stake in the industry dominated by Uber.

The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. Photo taken October 26.   REUTERS/Rebecca Cook
The Uber app logo is seen on a smartphone | Photo: Bloomberg
Grab’s record $750m funding turns up the heat on Uber

Grab’s unprecedented funding round escalates the battle with Uber Technologies Inc. and underscores how Asian ride-hailing services are arming themselves for a sustained campaign. Grab raised $750 million from investors including Japan’s SoftBank Group Corp., giving it a war chest to fight Uber in promising markets such as Indonesia now… Read more »