Softbank
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PB Fintech shares gain after SoftBank reduces stake by half; details here
Trendingdesk •After the news, the PB Fintech was trading at a price of Rs 470.20 per share at 12:51 pm, which is a jump of 2 percent since the market opened
Narendra Modi discusses Softbank's participation in new technologies with company founder in Tokyo
Ojasvichauhan •They discussed various reforms being undertaken to enable ease of doing business in India. Specific proposals were shared with Softbank where it could enhance its investments in India
Paytm Rs 18,300-crore IPO subscription to open on 8 November
•The company has filed papers with markets regulator SEBI and is planning to get listed on 18 November
Hyundai Motor Group buys controlling stake in the robotech company Boston Dynamics
Techsamvad •The acquisition of Boston Dynamics by Hyundai Motor Group raises its valuation to $1.1 billion.
Ola Electric acquires Amsterdam-based AppScooter maker Etergo, to launch electric two-wheeler next year
•Ola Electric, without disclosing the deal value, said it aims to launch its electric two-wheeler in India in 2021, and the acquisition of Etergo will further bolster OEM's engineering and design capabilities.
Startup community stares at fund crunch in absence of venture capital, reinvents businesses to survive economic slowdown
•The rapid global economic slowdown, India’s coronavirus lockdown of 1.3 billion people and an exodus of venture capital are testing a start-up community that has quickly become one of the world’s biggest, raising a record $14.9 billion last year
Indonesia considers 2032 Olympics bid for new capital city with SoftBank's help
•Indonesian President Joko Widodo is weighing an audacious 2032 Olympics bid centred on the country’s not-yet-built new capital and is in early talks with SoftBank chief executive Masayoshi Son and other investors
Private equity, VC investments hit record high of $48 bn in 2019; huge fund flow to infrastructure sector drives growth: Report
•As per the report, private equity/VC investments in infrastructure space were at $14.5 billion in 2019, which were higher than the cumulative PE/VC infrastructure investments received in the previous seven years.
Exclusive: Oyo’s Ritesh Agarwal opens up about job losses, Aditya Ghosh, governance issues, and SoftBank’s role
Sunny Sen •“This is the first time I am doing an interview, but I have been open all throughout.”
Entrepreneurs should not make the unicorn status the measure of their success, says InfoEdge co-founder
Sunny Sen •Startups should aim for customer satisfaction, unit economics, profitability, and not unicorn status.