Business

Uber to expand

Uber to expand

By Diwakar

MUMBAI: Controversial app-based taxi-hailing firm Uber plans to invest $1 billion in India over the next nine months, the company’s local head said on Friday. Uber has endured a bumpy ride since it started operating in India two years ago, with a rape allegation against one of its drivers leading the New Delhi government to ban it. But Uber India President Amit Jain said the company was recording growth of 40 per cent month-on-month in India. — AFP Eurozone inflation BRUSSELS: Inflation in the eurozone was unchanged in July while the jobless rate for June was also flat, suggesting the economy maintained only modest growth, official data showed on Friday. Consumer prices rose 0.2 per cent in July. — AFP