Connect with us

Latest News

New Uber CEO Meets Employees In An All Hands Meeting

Published

on

New Uber CEO Meets Employees,New Uber CEO,2017 Business Latest News,Dara Khosrowshahi as Uber New CEO,startup stories,Uber CEO Dara Khosrowshahi,uber latest news,Uber New CEO,Uber new CEO Salary,Uber News Today

The new Chief Executive Officer of Uber, Dara Khosrowshahi met all the employees in an ‘all hands’ meeting to discuss the future of the company and bid adieu to the former CEO and co founder Travis Kalanick. The incoming CEO made his intentions for the company clear and announced his plan to take the ride hailing startup public in the next 18 to 36 months.

Khosrowshahi, who will take up his post as the new CEO next Thursday, addressed a packed room regarding the need to address cultural issues within the organization and restore confidence in the startup currently valued at $ 69 billion. The former Expedia CEO who had to flee Iran at the age of 9 said he is a fighter and will fight with every bone in his body. “We’re in a battle here. I think everybody knows it. I’m here, I made the decision, I am all in, and I’m going to fight for you with every bone in my body,” he added.

 

Uber which is facing the most scandal ridden and tumultuous time will need major changes at the leadership level as well as a cultural shift to restore faith in its consumers and stakeholders. Khosrowshahi added his priorities were to meet with the leadership team and fill the many management holes such as the vacancies for several key positions and get together with employees around the world, in smaller groups, over the next few weeks. The company at the time does not have a CFO, a chief operating officer, a chief marketing officer, a general counsel and a senior vice president of engineering.

Khosrowshahi who will be taking the full charge of the company reiterated his plans to focus on “paying the bills” or the core business and regaining market share from its rivals. His vision for Uber 2.0 will focus on a cultural shift in the company and he added that culture needs to be written from the bottom up, rather than pushed down from the top.

Ousted CEO Travis Kalanick in an email to the employees said he couldn’t be happier “to pass the torch to such an inspiring leader,” who helped grow Expedia into one of the world’s most successful travel and technology platforms. Kalanick also bid a tearful farewell to the employees at the meeting who responded with a standing ovation for the co founder. An emotional Travis described the last six months as the hardest of his life and admitted to making many mistakes in his tenure as CEO.

Early shareholder Benchmark, who sued Travis Kalanick for misleading the board, also approved the appointment of Dara as the new chief executive officer.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Jio BlackRock Gets SEBI Approval to Launch Brokerage Operations in India

Published

on

Jio-Financial

Jio BlackRock Broking Private Limited, a joint venture between Jio Financial Services and BlackRock Inc., has received final approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm. The regulatory nod, granted via a certificate of registration issued on June 25, 2025, allows the company to function as both a stockbroker and a clearing member in India’s financial markets. This milestone follows a series of regulatory clearances for the Jio BlackRock ecosystem, including approvals for mutual fund and investment advisory businesses, underscoring the joint venture’s ambition to build a comprehensive, digital-first financial services platform.

As a wholly owned subsidiary of Jio BlackRock Investment Advisers, the broking arm aims to deliver affordable, transparent, and technology-driven execution services to Indian investors. The company’s leadership has emphasized that the new platform will empower self-directed investors with seamless execution capabilities, complementing its broader strategy to democratize access to investment solutions in India. The approval is expected to further strengthen Jio BlackRock’s position in the rapidly expanding financial services sector, offering a full suite of products from mutual funds and advisory to brokerage, all accessible through user-friendly digital channels.

The market responded positively to the news, with Jio Financial Services shares rising over 4 percent following the announcement. Industry analysts view this regulatory milestone as a significant step in Jio BlackRock’s efforts to transform India’s investment landscape, moving the country closer to becoming a nation of investors rather than just savers.

 

Continue Reading

Latest News

CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

Published

on

BharatGPT

CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions. 

The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

Continue Reading

Latest News

Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

Published

on

Equark - StartupStories

Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

Continue Reading
Advertisement

Recent Posts

Advertisement