Search Results for: Softbank

Chinese boost for OYO Rooms? Tencent in talks to invest up to $500 mn

The investment would raise the Indian company's value to over $2 billion. Oyo needs the funds to expand further in China, its largest overseas market, where it has witnessed rapid growth since starting operations in November 2017.

Jul 24, 2018

After scrapping drone project, Facebook looks at satellites to boost internet connectivity

The social media giant filed an application with the US Federal Communications Commission under the name PointView Tech LLC to provide broadband access through a satellite named Athena.

Jul 21, 2018

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Ola expands Australian services with Adelaide

The Indian app-based taxi service has announced operations in its sixth Australian city on Thursday. Riders in Adelaide will be offered discounted services as Ola begins services in the city.

Jul 19, 2018

SoftBank CEO Masayoshi Son calls Japan 'a stupid country' for prohibiting ride sharing

The Japanese government outlaws non-professional drivers from transporting paying customers on safety grounds and the country has a vocal taxi industry lobby that has opposed deregulation.

Jul 19, 2018

China's ride-hailing giant Didi may spin off its car services unit for up to $1.5 billion

Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion ahead of its expected initial public offering, people with direct knowledge of the matter told Reuters.

Jul 17, 2018

To combat environmental impact, one company is going vegetarian

Real Estate firm WeWork announced a new policy banning meat in the company offices. It also won't reimburse employees for meals including meat as it looks to cut its carbon footprint.

Jul 15, 2018

Bangladesh aims to expand energy trade with India to fulfill its 'power for all' promise

Bangladesh has been reeling under an extreme power crisis and a top official of the Hasina-led government believes that a new model could help Bangladesh meet its rising energy demands.

Jul 13, 2018

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Policybazaar enters unicorn club with SoftBank-led $200 million funding

It became the second Indian startup in as many weeks after Swiggy, a food delivery tech startup to join the Unicorn club.

Jun 26, 2018

Japan's SoftBank to invest up to $100 billion to boost India's solar power production

SoftBank Group Corp has decided to invest $60 billion-$100 billion in a solar power project in India, Japanese public broadcaster NHK reported on Friday.

Jun 15, 2018

Dhivya Suryadevara: General Motors gets Indian-origin CFO, first auto major to have two women at the helm

Dhivya Suryadevara of Indian-origin will succeed Chuck Stevens as the chief financial of auto major General Motors. Stevens is set to retire on September 1 and until then, he will remain with GM and as an advisor.

Jun 14, 2018

Why Softbank's proposed investment in the Indian solar industry can be a game changer

Softbank is expected to invest as much as $50 Billion in making batteries and storage cells, which are the hardware on which the solar panels run.

Jun 7, 2018

Who is Nikesh Arora? New CEO of Palo Alto Networks gets a whopping $128 million package

Nikesh Arora begins his role as the CEO and chairman at Palo Alto on Wednesday, June 6. The 50-year-old is also investing about $20 million (about Rs 130 crore) in shares of Palo Alto, apparently to prove his loyalty to the company.

Jun 6, 2018

Fashion shopping can become cheaper as e-retailers push for private label brands

Nearly 500 million Indians use internet, making the country a lucrative market for e-retailers. Flipkart, a homegrown e-commerce website, and Amazon are offering huge discounts to lure customers.

May 30, 2018

SoftBank says selling its entire Flipkart stake to Walmart

SoftBank Group Corp has said that it is selling about 20 percent stake in Indian e-commerce firm Flipkart to Walmart Inc.

May 23, 2018

Walmart may launch IPO for Flipkart in as early as 4 years

Walmart announced earlier this week that it will pay $16 billion for a roughly 77 percent stake in Flipkart in what is the US retail giant's largest-ever deal and a move to take on arch-rival Amazon.com Inc in a key growth market.

May 13, 2018

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