SoftBank opens up wallet for Paytm; infuses Rs 9,000 crore
Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs 9,079 crore) in Indian digital payments platform, Paytm, marking the largest fund infusion by a single investor in an Indian start-up.
May 18, 2017, 19:36 PM IST
Impasse at Snapdeal board meeting, no decision on sale yet
Japanese firm SoftBank on Tuesday could not manage a crucial nod from co-investor Nexus Venture Partners (NVP) for the sale of Snapdeal, possibly to Flipkart.
May 02, 2017, 19:20 PM IST
Ola lost Rs 6 crore a day during 2015-16
SoftBank-backed cab aggregator Ola posted a consolidated loss of over Rs 2,311 crore -- about Rs 6 crore a day -- during fiscal 2015-16, on account of heavy advertising and promotional expenses and high employee cost.
Apr 30, 2017, 16:51 PM IST
Paytm in talks to raise over $1 bn funding from SoftBank
SoftBank is the largest shareholder in Snapdeal, which is locked in an intense battle with Amazon India and Flipkart.
Apr 19, 2017, 10:00 AM IST
Ola cabs raises Rs 1,675 fresh funding from SoftBank
Japanese investor SoftBank has pumped in about Rs 1,675 crore in fresh funding in Indian transportation startup Ola to give it more muscle to take American rival Uber head-on.
Apr 14, 2017, 10:55 AM IST
Snapdeal to dole out up to 15% pay hike amid sell-off buzz
E-commerce major Snapdeal will shell out an average pay hike of 12-15 percent as it looks to assure employees amid the online marketplace scouting for a potential buyer.
Apr 12, 2017, 18:45 PM IST
SoftBank in talks with potential suitors to sell FreeCharge?
SoftBank is reportedly trying to sell FreeCharge separately for as low as $150-200 million.
Apr 06, 2017, 10:14 AM IST
SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes
At a board meeting of Jasper Infotech, SoftBank showed interest in buying a part of the stake owned by Kalaari and Nexus.
Apr 05, 2017, 10:51 AM IST
The big online merger: Is Snapdeal going to merge with Flipkart?
In what could make it India's biggest e-commerce merge, online retailer Snapdeal is reportedly going to merge with its biggest rival –Flipkart.
Mar 28, 2017, 09:19 AM IST
Paytm hires Snapdeal, Stayzilla ex-staffers with generous job offers
With hundreds of employees being handed out pink slips by companies such as Snapdeal and Stayzilla, rival e-commerce firm Paytm is walking into the ring by offering generous job offers to laid-off staffers.
Feb 26, 2017, 12:43 PM IST
Snapdeal founders take 100% salary cut
Snapdeal co-founders Kunal Bahl and Rohit Bansal have taken a 100 percent salary cut, while many others at the firm have "proactively" offered significant reduction in compensation.
Feb 22, 2017, 17:38 PM IST
Will surpass $10 bn investment commitment for India: SoftBank
Positive on India's prospects, Japan's SoftBank today pledged that it will "surpass" the stated commitment of investing USD 10 billion in the country as it ramps up investments in solar power generation and Internet-led businesses.
Dec 02, 2016, 18:04 PM IST
Ola wants govt to introduce regulations to stop 'capital dumping' by rivals
Though heavily funded by foreign investors like Japanese SoftBank Group, leading cab aggregator Ola has said government should bring in regulations to stop "capital dumping" which is distorting the market.
Nov 06, 2016, 16:43 PM IST
Sunil Mittal re-appointed Chairman of Bharti Airtel for 5 years
Sunil Bharti Mittal has been re-appointed as the Chairman of telecom giant Bharti Airtel for another five year, with effect from October 1, 2016.
Aug 20, 2016, 20:35 PM IST
Lenovo launches its first Windows 10 smartphone - SoftBank 503LV
In a first for the Chinese tech giant, Lenovo has launched a Windows 10 smartphone – SoftBank 503LV.
Jul 18, 2016, 18:35 PM IST
SoftBank President Nikesh Arora to resign over differences with CEO Masayoshi Son
Seen as a potential successor to the company's Chairman and CEO Masayoshi Son, Softbank said Arora and Son had disagreed over when Arora would replace CEO as the head of the group.
Jun 21, 2016, 17:44 PM IST
SoftBank's investments in India may surpass $10 billion
Having made a string of technology investments in India, Japanese telecom and Internet giant SoftBank has said its investments in the country will top USD 10 billion in 5-10 years.
May 30, 2016, 12:13 PM IST
Japanese investors keen to invest in India's infra growth story: Arun Jaitley
Finance Minister Arun Jaitley said on Sunday that Japanese investors including conglomerate SoftBank have shown keen interest in investing in India's "infrastructure growth story.”
May 29, 2016, 21:17 PM IST
Arun Jaitley seeks Japanese investments; meets SoftBank CEO
Seeking to woo investors from Asia's second biggest economy, Finance Minister Arun Jaitley Sunday began his six-day Japan visit as he met Masayoshi Son, the CEO of Japanese telecom giant SoftBank Group, which is eyeing "one of the biggest" investments in solar power sector in India.
May 29, 2016, 18:29 PM IST
Investors not selling, will take legal recourse: Ola
Taxi aggregator Ola today said that its investors, which include names like industrialist Ratan Tata and Japanese conglomerate SoftBank, are not selling any stake
Apr 15, 2016, 20:15 PM IST
