Office-sharing startup WeWork India lays off 20% of workforce as COVID-19 lockdowns weigh; eyes to be profitable by early 2021
In October last year, WeWork India’s chief shareholder Jitu Virwani had said the company would be profitable by end of 2020.
Alibaba's Jack Ma resigns from SoftBank board; to pull back from formal business roles, focus on philanthropy
SoftBank said it will propose three new appointments to the board, including group CFO Yoshimoto Goto, at its annual general meeting on 25 June.
Oyo to offload more loss-making hotels; coronavirus pandemic derails plans for rapid global expansion
While Oyo does not plan to completely exit any market, it will either terminate or not renew contracts with loss-making hotels, sources said.
Masayoshi Son, CEO and Founder of SoftBank, during his India visit, said that he wants to bet on the future.
China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as the third quarter of this year, a person with direct knowledge of the matter said
Japan's SoftBank Group to book $11 billion profit on sale of shares in China’s Alibaba Group Holding
Japan’s SoftBank Group Corp said on Tuesday it expects to book around 1.2 trillion yen ($11.12 billion) in pre-tax profit on the sale of shares in China’s Alibaba Group Holding Ltd
Uber Technologies Inc's self-driving car unit could be valued at $7.25 billion.
Uber, last valued at $76 bn in the private market, is seeking a valuation as high as $120 bn in its IPO.
Honda, Hino to join SoftBank-Toyota partnership's self-driving car service project; to take 10% stake in venture
The new investment from Hino and Honda would leave SoftBank with a 40.2 percent stake in Monet, down from just over 50 percent when the venture was formed. Toyota will hold a 39.8 percent stake.
Ola banned for running motorcycle taxis in Karnataka, misusing the license granted by the authorities.
South Korean automaker Hyundai Motor in talks with Ola, may invest $250 million in latest funding round
The deal, which is at advanced stages of discussion, is likely to close in next few weeks. The investment will give Hyundai about a 4 percent stake in Ola
Paytm extortion case: Noida court rejects former executive Sonia Dhawan's bail plea, says she committed 'serious crime'
The court while rejecting Dhawan's bail application said that there is adequate evidence against the former Paytm executive and her active involvement in the crime has come to light.
Oyo all set to make US foray; plans to launch affordable living solutions for young people, middle-income groups
At present, Oyo has over 13,000 franchised and leased hotels, and over 450,000 rooms, adding over 64,000 rooms every month, globally.
Sachin Bansal pumps in Rs 150 cr in Ola, more investments on the cards; firm eyes to raise $1 bn in funding
The allotment of these shares to Bansal is part of Ola's plans to raise about $1 billion in funding, they added.
Bharti Airtel had recently raised $1.25 billion from six global investors -- Warburg Pincus, Temasek, Singtel, SoftBank Group and others through a primary equity issuance in Airtel Africa.
SoftBank Group to invest $450 million in logistics company Delhivery; Gurugram-based firm to be valued at $1 billion
SoftBank's Vision Fund will invest around $350 million in Delhivery initially
SoftBank arm Essel group to jointly develop 500-mw solar park; pact to help Masayoshi Son firm expand portfolio in India
In May this year, SoftBank Group had partnered with the now crippled infrastructure conglomerate IL&FS to develop over 20 gw solar capacity in the country by 2025.
Paytm extortion case: CEO Vijay Shekhar Sharma says accused Sonia Dhawan might just be 'conduit of a bigger plan'
Paytm, whose investors include China’s Alibaba Group and Japan’s SoftBank Group Corp, has declined to say how the stolen material would have allowed the blackmail of its founder, but added that only his personal data was taken.
SoftBank, SingTel, Temasek, others to invest $1.25 bn in Airtel Africa; co to use funds to reduce debt, upgrade network
The Africa business helped Bharti Airtel post positive income at the end of first quarter of 2018-19.