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SOFTBANK STAKE REDUCTION
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 ...