Uber is exploring offerings such as intercity bus and metro rail ticket bookings in India as part of a partnership with a government backed e-commerce initiative, a source told Reuters on Thursday. CEO Dara Khosrowshahi was in India's Bengaluru earlier in the day when Uber signed a Memorandum of Understanding (MoU) with the Open Network For Digital Commerce (ONDC).
(Reuters) -Grab Holdings reported its first quarterly profit on Thursday and unveiled a maiden share repurchase program, but the ride-share and food-delivery firm's weak annual sales forecast fanned growth worries and weighed on its shares. While the Singapore-based company's ride-share growth hit pre-pandemic levels in 2023, its food-delivery services is rebounding from a slowdown following a boom during the lockdown. "There will be revenue acceleration in the years beyond 2024 as investments in our new products bear fruit," CFO Peter Oey told Reuters.
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