Softbank Investment In India
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Trump Announces Stargate, A $500 Billion Artificial Intelligence Initiative
US President Donald Trump announced a USD 500 billion investment in AI infrastructure through a new company, which is being created in partnership with Oracle, SoftBank and Open AI.
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Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters.
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SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
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Hero's First Electric Scooter Hero Vida Launched, Bookings to Begin From October 10
India's Hero Moto, the world's biggest motorcycle maker by sales, launched its first electric scooter worldwide on Friday as it looks to catch up with newer businesses that have taken the lead in the shift to cleaner transport. Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather Energy, which is backed by Tiger...
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PM Meets Japan Business Leaders, Discusses India Investment Opportunities
PM Modi In Japan: PM Modi courted top Japanese business leaders, including Masayoshi Son of SoftBank and Osamu Suzuki of Suzuki Motor Corp, to discuss investment opportunities India offers in sectors ranging from textiles to automobiles.
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In Japan, PM Modi Meets Softbank Chief, Pitches For Investments
Prime Minister Narendra Modi on Monday met Softbank Corporation founder and CEO Masayoshi Son to discuss the Japanese investment firm's future participation in Indian technology, energy, finance and R&D sectors.
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ConsenSys Blockchain Firm Says Valuation Doubled to Over $7 Billion After New Funding From Microsoft, SoftBank
ConsenSys, a Blockchain technology firm, announced on Tuesday that its valuation has more than doubled to over $7 billion (roughly Rs. 53,421 crore) after its latest funding round that included investments from SoftBank Vision Fund 2 and Microsoft.
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Softbank-Backed Ola Electric Plans 50Gwh India Battery Plant In EV Push- Sources
The initial plan is to set up 1Gwh of battery capacity by 2023 and expand it to 20GWh over the next 3-4 years, said another source aware of the plans, adding that this alone will need an investment of up to $1 billion.
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India's Year of the Unicorn: Startups in Spotlight of 2021 Tech Boom
Overseas funds put more than $35 billion (roughly Rs. 2,60,020 crore) into Indian startups in 2021 — a tripling from 2020 — buying into everything from fintech and health to gaming.
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Microsoft Said to Be in Advanced Talks to Tap Into Oyo at $9-Billion Valuation Before Its Potential IPO
Microsoft is in advanced talks to invest in Indian hotel chain Oyo at a $9-billion (roughly Rs. 66,850 crores) valuation, a source familiar with the matter said.
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Cryptocurrency Firm FTX Trading's Valuation Rises to $18 Billion After $900-Million Investment
FTX Trading said on Tuesday its valuation had risen to $18 billion (roughly Rs. 1,34,280 crores) after a $900-million (roughly Rs. 6,710 crores) funding round that included SoftBank Group and was one of the biggest fundraisers for a cryptocurrency company.
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Visa Says Spending on Crypto-Linked Cards Topped $1 Billion in First Half This Year
Visa said its customers spent more than $1 billion (roughly Rs. 7,480 crores) on its crypto-linked cards in the first half of this year, as the payments processor takes steps to make crypto transactions smoother.
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Flipkart in Talks to Raise $3 Billion From SoftBank, Others: Report
Flipkart is reportedly in talks to raise at least $3 billion (roughly Rs. 21,850 crores) from investors including Japan's SoftBank and several sovereign wealth funds.
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YouTube Influencers And Broking Apps Draw In Millions Of Day Traders
In India it's been a wave of YouTube influencers as well as a host of private stock-tipping social media chat groups that have drawn millions of day traders into discount brokers like Zerodha Broking Ltd, Angel Broking Ltd and SoftBank Group-backed Paytm's broker app.
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WeWork India Lays Off 20 Percent of Workforce as Coronavirus Lockdowns Weigh
A number of Indian startups, including restaurant aggregator Zomato and food delivery service Swiggy, have cut down their employees, as they reshape their business in response to the COVID-19 pandemic, which has forced 1.3 billion Indians indoors and crippled business.
-
Trump Announces Stargate, A $500 Billion Artificial Intelligence Initiative
US President Donald Trump announced a USD 500 billion investment in AI infrastructure through a new company, which is being created in partnership with Oracle, SoftBank and Open AI.
-
Ola Electric Aims for IPO by End of 2023, Hires Goldman Sachs, Kotak to Manage Share Sale
Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters.
-
SoftBank, Ant Group to Sell Paytm Stakes via Block Deal After Failed Talks With Bharti Airtel Founder: Report
Ant Group and SoftBank are discussing selling their stakes in Paytm in the open market, after talks with Bharti Airtel founder failed, the Economic Times reported. Shareholders and investment banks representing Ant and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to sell their stakes in One 97 Communicat...
-
Hero's First Electric Scooter Hero Vida Launched, Bookings to Begin From October 10
India's Hero Moto, the world's biggest motorcycle maker by sales, launched its first electric scooter worldwide on Friday as it looks to catch up with newer businesses that have taken the lead in the shift to cleaner transport. Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather Energy, which is backed by Tiger...
-
PM Meets Japan Business Leaders, Discusses India Investment Opportunities
PM Modi In Japan: PM Modi courted top Japanese business leaders, including Masayoshi Son of SoftBank and Osamu Suzuki of Suzuki Motor Corp, to discuss investment opportunities India offers in sectors ranging from textiles to automobiles.
-
In Japan, PM Modi Meets Softbank Chief, Pitches For Investments
Prime Minister Narendra Modi on Monday met Softbank Corporation founder and CEO Masayoshi Son to discuss the Japanese investment firm's future participation in Indian technology, energy, finance and R&D sectors.
-
ConsenSys Blockchain Firm Says Valuation Doubled to Over $7 Billion After New Funding From Microsoft, SoftBank
ConsenSys, a Blockchain technology firm, announced on Tuesday that its valuation has more than doubled to over $7 billion (roughly Rs. 53,421 crore) after its latest funding round that included investments from SoftBank Vision Fund 2 and Microsoft.
-
Softbank-Backed Ola Electric Plans 50Gwh India Battery Plant In EV Push- Sources
The initial plan is to set up 1Gwh of battery capacity by 2023 and expand it to 20GWh over the next 3-4 years, said another source aware of the plans, adding that this alone will need an investment of up to $1 billion.
-
India's Year of the Unicorn: Startups in Spotlight of 2021 Tech Boom
Overseas funds put more than $35 billion (roughly Rs. 2,60,020 crore) into Indian startups in 2021 — a tripling from 2020 — buying into everything from fintech and health to gaming.
-
Microsoft Said to Be in Advanced Talks to Tap Into Oyo at $9-Billion Valuation Before Its Potential IPO
Microsoft is in advanced talks to invest in Indian hotel chain Oyo at a $9-billion (roughly Rs. 66,850 crores) valuation, a source familiar with the matter said.
-
Cryptocurrency Firm FTX Trading's Valuation Rises to $18 Billion After $900-Million Investment
FTX Trading said on Tuesday its valuation had risen to $18 billion (roughly Rs. 1,34,280 crores) after a $900-million (roughly Rs. 6,710 crores) funding round that included SoftBank Group and was one of the biggest fundraisers for a cryptocurrency company.
-
Visa Says Spending on Crypto-Linked Cards Topped $1 Billion in First Half This Year
Visa said its customers spent more than $1 billion (roughly Rs. 7,480 crores) on its crypto-linked cards in the first half of this year, as the payments processor takes steps to make crypto transactions smoother.
-
Flipkart in Talks to Raise $3 Billion From SoftBank, Others: Report
Flipkart is reportedly in talks to raise at least $3 billion (roughly Rs. 21,850 crores) from investors including Japan's SoftBank and several sovereign wealth funds.
-
YouTube Influencers And Broking Apps Draw In Millions Of Day Traders
In India it's been a wave of YouTube influencers as well as a host of private stock-tipping social media chat groups that have drawn millions of day traders into discount brokers like Zerodha Broking Ltd, Angel Broking Ltd and SoftBank Group-backed Paytm's broker app.
-
WeWork India Lays Off 20 Percent of Workforce as Coronavirus Lockdowns Weigh
A number of Indian startups, including restaurant aggregator Zomato and food delivery service Swiggy, have cut down their employees, as they reshape their business in response to the COVID-19 pandemic, which has forced 1.3 billion Indians indoors and crippled business.
