Softbank Corp.
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Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
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Mark Zuckerberg Says Meta to Spend Up to $65 Billion on AI in 2025
Mark Zuckerberg plans to invest as much as $65 billion (roughly Rs. 5,61,908 crore) on projects related to artificial intelligence in 2025. Zuckerberg’s announcement comes days after OpenAI, SoftBank Group Corp. and Oracle Corp. announced a $100 billion (roughly Rs. 8,64,404 crore) joint venture called Stargate to build out data centers and A...
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Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
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U.S. Says Nvidia-Arm Deal Harms Market For Networking, Self-Driving Car Chips
Last week, the regulator said it was suing to stop the deal in which Nvidia, the world's most valuable publicly traded chip firm, is vying to buy U.K.-based Arm from current owner Softbank Group Corp.
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The Spectacular Collapse Of SoftBank Chief Masayoshi Son's "Money Guy"
In February 2020, SoftBank Group Corp.'s Masayoshi Son visited Indonesia, offering to invest billions of dollars toward the development of a new capital city. Lex Greensill, at the time a favorite of Son's, was part of the entourage.
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Kavin Bharti Mittal's Startup, Crushed By WhatsApp, Plans To Rival Facebook
Kavin Bharti Mittal, a scion of the family behind India's second-biggest wireless operator, is planning to revive his struggling technology startup more than four years after it was valued at $1.4 billion by backers including Softbank Group Corp.
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Paytm Close To Scoring $2 Billion From Backers Including Jack Ma's Ant
Indian fintech giant Paytm is close to scoring $2 billion of new financing from investors including Jack Ma's Ant Financial, Japan's SoftBank Group Corp. and Rob Citrone's Discovery Capital Management to fend off an influx of new rivals, a person familiar with the matter said.
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"Oops! Can't Take It Back": How Walmart's Biggest Deal Was Umm... Announced
Hours before Walmart Inc. was scheduled to unveil the largest acquisition in its history, Masayoshi Son, chief executive officer of SoftBank Group Corp., spilled the beans to a roomful of investors and journalists in Tokyo. He confirmed that the U.S. retailer has agreed to buy control of Flipkart Online Services Pvt, the leading Indian e-commerce p...
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Uber's Kalanick Should Fear This 59-Year-Old Billionaire: Gadfly
Reading between the lines, this investment looks as much like SoftBank Group Corp. pushing money onto the four-year-old company as it is the startup passing around a begging bowl. Chen foreshadowed the fundraising a month ago when she wrote that SoftBank would lead the deal, which at the time was being considered by China's largest ride-hailing com...
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SoftBank President Receives Pay Package Of $73 Million
SoftBank Group Corp. President Nikesh Arora was paid 8.04 billion yen ($73 million) for the company's latest fiscal year, putting him among the top paid executives in the world for the second year in a row.
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Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
-
Mark Zuckerberg Says Meta to Spend Up to $65 Billion on AI in 2025
Mark Zuckerberg plans to invest as much as $65 billion (roughly Rs. 5,61,908 crore) on projects related to artificial intelligence in 2025. Zuckerberg’s announcement comes days after OpenAI, SoftBank Group Corp. and Oracle Corp. announced a $100 billion (roughly Rs. 8,64,404 crore) joint venture called Stargate to build out data centers and A...
-
Paytm Crackdown Signals More RBI Scrutiny on India Banks
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group Corp. While the Paytm case was an extreme example of lapses in customer verification — it allegedly used a single identity document to open t...
-
U.S. Says Nvidia-Arm Deal Harms Market For Networking, Self-Driving Car Chips
Last week, the regulator said it was suing to stop the deal in which Nvidia, the world's most valuable publicly traded chip firm, is vying to buy U.K.-based Arm from current owner Softbank Group Corp.
-
The Spectacular Collapse Of SoftBank Chief Masayoshi Son's "Money Guy"
In February 2020, SoftBank Group Corp.'s Masayoshi Son visited Indonesia, offering to invest billions of dollars toward the development of a new capital city. Lex Greensill, at the time a favorite of Son's, was part of the entourage.
-
Kavin Bharti Mittal's Startup, Crushed By WhatsApp, Plans To Rival Facebook
Kavin Bharti Mittal, a scion of the family behind India's second-biggest wireless operator, is planning to revive his struggling technology startup more than four years after it was valued at $1.4 billion by backers including Softbank Group Corp.
-
Paytm Close To Scoring $2 Billion From Backers Including Jack Ma's Ant
Indian fintech giant Paytm is close to scoring $2 billion of new financing from investors including Jack Ma's Ant Financial, Japan's SoftBank Group Corp. and Rob Citrone's Discovery Capital Management to fend off an influx of new rivals, a person familiar with the matter said.
-
"Oops! Can't Take It Back": How Walmart's Biggest Deal Was Umm... Announced
Hours before Walmart Inc. was scheduled to unveil the largest acquisition in its history, Masayoshi Son, chief executive officer of SoftBank Group Corp., spilled the beans to a roomful of investors and journalists in Tokyo. He confirmed that the U.S. retailer has agreed to buy control of Flipkart Online Services Pvt, the leading Indian e-commerce p...
-
Uber's Kalanick Should Fear This 59-Year-Old Billionaire: Gadfly
Reading between the lines, this investment looks as much like SoftBank Group Corp. pushing money onto the four-year-old company as it is the startup passing around a begging bowl. Chen foreshadowed the fundraising a month ago when she wrote that SoftBank would lead the deal, which at the time was being considered by China's largest ride-hailing com...
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SoftBank President Receives Pay Package Of $73 Million
SoftBank Group Corp. President Nikesh Arora was paid 8.04 billion yen ($73 million) for the company's latest fiscal year, putting him among the top paid executives in the world for the second year in a row.
