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SoftBank profit more than triples to $12 billion on OpenAI stake gainsTechnology investor SoftBank Group reported a net profit of 1.9 trillion yen ($12.05 billion) for the January-March quarter, a significant ...- SoftBank's OpenAI-related debt in focus as another strong quarter expectedSoftBank anticipates a strong quarterly profit, largely driven by its significant investment in OpenAI, whose valuation has surged. However...
- Infosys Q4 profit spikes; Flipkart mulls separate app for MinutesInfosys closed FY26 with strong numbers aided by a pickup in demand from its banking, energy and communication segments. This and more in...
- SoftBank seeks $10 billion margin loan backed by OpenAI shares: BloombergSoftBank is reportedly seeking a massive $10 billion loan, leveraging its stake in ChatGPT's creator, OpenAI. This move signals the Japanes...
- SoftBank seeks $10 billion margin loan backed by OpenAI shares: ReportSoftBank Group is seeking a substantial $10 billion loan. This loan is backed by its shares in ChatGPT-maker OpenAI. The move signals SoftB...
- SoftBank lenders ask more banks to join $40 billion OpenAI loanSoftBank is seeking additional banks to join a $40 billion loan backing its OpenAI investment, a significant test of investor confidence in...
- SoftBank secures $40 billion loan to fund further OpenAI investmentThe facility, which matures in March 2027, was arranged with lenders including JPMorgan Chase, Goldman Sachs, Mizuho Bank, Sumitomo Mitsu...
- Karnataka's under-16 social media ban; Layoffs at FlipkartKarnataka has become the first Indian state to ban social media use for those aged under-16. This and more in today's ETtech Top 5.
- SoftBank seeks up to $40 billion loan to finance OpenAI investmentSoftBank is seeking up to $40 billion in loans, mainly to back its $30 billion investment in OpenAI. The Japanese firm has sold assets, inc...
- Coforge-Encora $2.3 bn deal; Zepto's IPO filingCoforge will acquire Silicon Valley-based Encora in one of Indian IT services’ largest-ever deals. This and more in today’s ETtech Top 5.
- SoftBank races to fulfil $22.5 billion funding commitment to OpenAI by year-end, sources saySoftBank is rushing to raise $22.5 billion to fund OpenAI, selling assets and considering loans backed by Arm shares. Masayoshi Son has slo...
- SoftBank eyes data center group switch as Masayoshi Son hunts for AIThe Japanese company has held discussions with Switch leadership and has been conducting due diligence on the closely held company, the peo...
- SoftBank sinks 10% — did selling Nvidia to fund a cash furnace just backfire big?SoftBank’s shares fell 10% after it sold all its Nvidia stock to fund new AI projects. The company is betting big on artificial intelligenc...
- Why are late-stage startups relying on private credit before their IPOs?Late-stage Indian startups like InMobi, Zepto, and Zetwerk are increasingly securing private credit before their IPOs. This strategy allows...
- ShareChat fires another 15% staff; inside the rush for a payment aggregator licenceVernacular social media platform ShareChat on Wednesday executed another round of layoffs. This and more in today’s ETtech Top 5.
- Billionaire Agarwal’s Vedanta tests India junk bond demandAccording to a preliminary offering circular dated Aug. 11, Vedanta Resources has received commitments from lenders for up to $1.75 billion.
- Backed by SoftBank, Herman Narula’s Improbable is struggling to revolutionize gaming industryImprobable has set up studios and bought Midwinter Entertainment, a Washington state-based SpatialOS developer, in September. No games are ...
- Housing.com begins stake sale talk with Snapdeal, News Corp; deal possible by second quarter of 2016The Mumbai-based company is searching for backers to recover from a year of turmoil which has hurt its standing in the online real estate m...
- Bike ride-hailing app Baxi raises Rs 10 crore in fundingBike ride-hailing app Baxi has raised Rs 10 crore in funding from a number of high-profile investors, making this one of the largest seed r...
- Snapdeal to hire Aircel CFO Anup Vikal as finance headSnapdeal.com is set to hire Anup Vikal, the current chief financial officer (CFO) of mobile network operator Aircel, as its new finance hea...
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