Times of India Digital Invests in Uber Taxi-Hailing App

Financial Times: Uber is set to announce its first investment tie-up in India, striking a deal with the Times of India media group as the taxi-hailing app tries to fend off fierce competition from local rivals and leave behind a rash of recent bad publicity in its second-largest market by users. The U.S.-based group will announce a “strategic investment and co-operation partnership” with Times Internet, the digital arm of the group that publishes the Times of India, the country’s most-read newspaper.