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SOFTBANK STAKE REDUCTION
Ola Electric shares decline 4% as SoftBank trims stake to 13.53%SoftBank Group significantly reduced its stake in Ola Electric to 13.53% by selling approximately 94.6 million shares between September 202...- Even after strongest quarterly performance since June 2021, SoftBank to layoff 20% of its Vision Fund teamSoftBank Vision Fund layoffs 2025: SoftBank Group is reducing its Vision Fund workforce by 20%. This decision comes after the fund reported...
- SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo saySoftBank Group is set to reduce its Vision Fund team by nearly 20% globally, redirecting resources towards Masayoshi Son's ambitious AI ven...
- Ola Electric shares decline 4% as SoftBank trims stake to 15.68% in 2 monthsSoftBank reduced its stake in Ola Electric, joining other investors like Tiger Global and Hyundai in trimming holdings. Despite this, Ola E...
- TCS rolls out pay hikes; Paytm trims headcount in FY25Weeks after announcing massive layoffs, TCS said it will raise salaries for 80% of its workforce. This and more in today’s ETtech Top 5.
- Oyo may back out of IPO plan, opt for private raiseIn a response to emailed queries by ET, Oyo said the information is inaccurate. Oyo’s first public offer filing was returned by the markets...
- Meesho FY23 revenue grows 77% to Rs 5,735 crore, loss narrows 48%For the first half of FY24 ended September 30, 2023, Meesho said its operating revenue increased 37% year-on-year to Rs 3,521 crore, with a...
- SoftBank sheds another 2% in Paytm; will approach GST Council on 28% tax once gaming rules in place: ChandrasekharIn May, SoftBank had sold a 2.07% stake in Paytm through open market transactions that began in February. Prior to the latest transaction, ...
- Tokyo shares close lowerAnalysts said traders locked in profits after a positive session on Friday, when the Nikkei advanced nearly three percent on hopes for less...
- SoftBank plans Vision Fund job cuts after record net lossVision Fund, which upended the world of venture capital with splashy bets on startups such as Uber and Didi, posted a $23.1 billion loss in...
- SoftBank raises $22 billion by selling Alibaba derivativesSoftBank has this year executed the sale of about a third of its Alibaba stake through these contracts, a type of derivatives that allows t...
- SoftBank's Masayoshi Son faces shareholders shaken by $34-billion lossBut five years of deploying $142 billion has now resulted in a record 2.1 trillion yen ($15.4 billion) loss for SoftBank in the quarter end...
- Delhivery IPO: SoftBank, Carlyle may reduce their OFS portion by 40%Delhivery plans to open the issue next week after a positive response to recent IPOs of Rainbow and Campus, which made investment bankers c...
- Oyo may reduce IPO size, valuation may be readjusted tooThe IPO issue size is expected to be much lower than $1 billion, these people said, while in its draft IPO papers with the markets regulato...
- SoftBank doubles Vision Fund chief, Rajeev Misra's, pay despite record lossThe pay hike for Rajeev Misra comes at a time when the Vision Fund is planning deep cuts in staffing.
- SoftBank’s Vision Fund is planning to cut 10% of staffThe Vision Fund has struggled since WeWork botched its efforts to go public last year and SoftBank stepped in to bail the company out.
- Another 5 billion reasons to walk away from WeWorkCo-working spaces are anathema to the wave of social distancing that’s sweeping the world. Many of WeWork’s clients are freelancers or star...
- Masayoshi Son’s bankers are worried about their favorite clientSon’s recent string of stumbles has tested banks’ commitment to the new model. Tumbling valuations for marquee holdings including WeWork an...
- SoftBank tech fund invests $500 million in drive safety startupCambridge Mobile Telematics will use the money to accelerate its DriveWell platform used by insurers and others to measure driving risk, th...
- SoftBank offers free clean power to ISA nations after 25 yearsSoftBank said in 2015 that it would foray into India's solar energy market, and invest up to $20 billion along with Foxconn Technology and ...
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