Ola Electric launches IPO to raise ₹8,500 crore
MUMBAI - Ola Electric has announced the launch of its initial public offering (IPO), aiming to raise ₹8,500 crore (INR100 crore = approx. USD12 million). This move not only positions it...
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SoftBank Group Corp. News & Analysis
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Funding in Indian startups sinks to its lowest since 2017
Investments till date at $7 billion for 2023; Oct-Dec least funded quarter since July-Sept 2016, show data
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GQG Partners boards GMR Airports, Softbank sells 1.1% stake in Zomato
More than 12 per cent of equity had changed hands on the bourses in three major block deals at prices ranging from ₹58.2 to ₹59.25
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SoftBank offloads 1.1% in Zomato for Rs 1,125 cr; Goldman Sachs, Fidelity among others buy stake
According to exchange data, Softbank has offloaded 9.35 crore shares in the company at Rs 120.5 apiece. Through the deal, prominent investors, including Citigroup, Fidelity Investment,...
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SoftBank offloads 1.1% stake in Zomato for Rs 1,125 cr; Goldman Sachs, Fidelity among buyers
According to exchange data, Softbank has offloaded 9.35 crore shares in the company at Rs 120.5 apiece. Through the deal, prominent investors, including Citigroup, Fidelity Investment,...
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Zomato shares nudge higher after block deal; Softbank likely seller
According to the data from National Stock Exchange (NSE), 9,35,69,368 equity shares worth Rs 1,127.51 crore were sold at average price of Rs 120.50 apeice.
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Zomato shares gain 2% amid block deal on counter; SoftBank likely seller
Zomato shares had ended at Rs 122 on Thursday, gaining 2.61%. The foodtech company has given multibagger returns of 102% on a year-to-date basis and has outperformed Nifty which has returned...
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Zomato shares in focus as SoftBank likely to sell 1.1% stake today
Zomato shares ended at Rs 121.80, up 2.44% in the last session on BSE. However, it was not immediately known who will be the buyers in this transaction.
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SoftBank Likely To Trim Zomato Stake Worth Rs 1,125 Cr In Block Deal: Report
As of September-end SoftBank held 2.17 percent in the food delivery services provider.
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SoftBank may offload $135-million worth stake in Zomato via block deal: Report
SoftBank has been gradually paring stake in Zomato post the lock-in for Blinkit deal ended in August. As of June end, the Japanese investor, through its affiliate, held 3.35%, which came...
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JPMorgan maintains SoftBank Group Corp. at 'neutral' with a price target of ¥6.7K
An analyst from JPMorgan maintained SoftBank Group Corp. (TYO: 9984) at 'neutral' with a price target of ¥6.7K from a prior price target of %currency%%price%. Prior to this rating,...
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SoftBank to invest $514 million for 51% stake in Cubic Telecom
The Japanese telecommunications arm of tech investment giant SoftBank Group and Cubic "will form a strategic global partnership to pioneer the future of software-defined connected vehicles,"...
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Ant Group arm to offload 3.4% stake in Zomato for Rs 3,290 crore
According to a term sheet released by the deal broker, BofA Securities, Alipay Singapore Holdings, an entity of the Ant Group, has proposed to sell 296.1 million shares at an offer price of...
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OneWeb India gets nod for satellite broadband, awaits spectrum
OneWeb India has received approval from the Indian National Space Promotion and Authorization Center (IN-SPACe) to operate satellite broadband services in the country, marking a significant...
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Nvidia’s Asian suppliers dip as China fears sully strong earnings
Investing.com-- Shares of NVIDIA Corporation's (NASDAQ:NVDA) Asian suppliers fell on Wednesday, reversing some gains made over the past two sessions as a bleak forecast for Chinese revenue...
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Nomura/Instinet maintains SoftBank Group Corp. at 'buy' with a price target of ¥8.2K
An analyst from Nomura/Instinet maintained SoftBank Group Corp. (TYO: 9984) at 'buy' with a price target of ¥8.2K from a prior price target of %currency%%price%. Prior to this rating,...
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Swiggy gears up for $1 billion IPO, SoftBank may sell stake
India's leading food delivery company Swiggy is preparing for a significant milestone as it eyes a mid-2024 initial public offering (IPO) with an estimated issue size of $1 billion (INR...
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Moody's upgrades SoftBank's credit outlook to stable
SoftBank (TYO:9984) Group Corp's credit outlook has been improved to stable by Moody's (NYSE:MCO), reflecting the company's reduced leverage and increased transparency following the...
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RBI directs banks to tighten consumer lending, penalizes Axis and Manappuram Finance
MUMBAI - The Reserve Bank of India (RBI) has issued directives to banks and non-banking financial companies (NBFCs) to restrict consumer lending amid rising risk concerns. This move comes as...
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Slide in semiconductor shares extends into Europe after SMIC profit slump
Investing.com -- European chipmakers dipped on Friday, tracking a fall in some of their Asian peers, after China's Semiconductor Manufacturing International Corp (HK:0981) posted an 80%...
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Zeta turns profitable in FY23, plans North American expansion
Zeta, the fintech SaaS unicorn, has declared a profitable FY23 through its Indian unit, Better World Technology Pvt Ltd. The company reported a Profit After Tax (PAT) of ₹21.94 crore ($2.93...
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Asian stocks slide as Fed fears resurface, tech hit by weak earnings
Investing.com-- Most Asian stocks fell on Friday tracking hawkish signals on U.S. interest rates, while weak earnings from industry majors including Softbank and SMIC weighed on broader...
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Powell to speak, SoftBank's loss, Disney's earnings beat - what's moving markets
Investing.com -- U.S. stock futures are mixed on Thursday following a relatively muted session on Wall Street, with traders looking ahead to comments from Federal Reserve Chair Jerome Powell...
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SoftBank reports quarterly net loss due to declining investment values
Japanese conglomerate SoftBank (TYO:9984) Group Corp. reported a quarterly net loss of 789 billion yen ($6.8 billion) Today, with diluted losses per share at 639.90 yen ($5.51), largely...
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Japan’s Softbank logs qtrly loss as Arm IPO offers little support
Investing.com-- SoftBank Group Corp. (TYO:9984) posted a surprise quarterly loss on Thursday, as the value of the technology conglomerate’s major investments continued to trend lower amid...
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WeWork seeks permission to begin canceling leases in bankruptcy
The Softbank-backed office space-sharing company filed for bankruptcy protection in Newark, New Jersey, bankruptcy court on Monday, seeking to address more than $4 billion in debt and...
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WeWork saga cost Masayoshi Son $11.5 billion and his credibility
Son overrode his lieutenants’ objections and handed WeWork founder Adam Neumann billions of dollars from both SoftBank Group Corp. and the Vision Fund, lifting the co-working office space’s...
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Explained: Why WeWork failed, and what is next
WeWork was once the most valuable US startup, worth $47 billion. It courted investments from blue-chip investors, including SoftBank and venture capital firm Benchmark, as well as major Wall...
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Futures point lower, WeWork files for bankruptcy - what's moving markets
Investing.com -- U.S. futures drop as traders attempt to gauge the staying power of a recent rally on Wall Street. WeWork files for bankruptcy following a post-COVID downturn in demand...
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ETtech Explained: WeWork's downfall from $47 billion valuation to bankruptcy
The startup opened its first location in New York City, in April 2011. It focused on leasing office space, rather than buying.
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SoftBank’s WeWork, once valued at $47 billion, files for bankruptcy
WeWork, the SoftBank Group -backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using...
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Futures edge up, earnings this week - what's moving markets
Investing.com -- Stock futures on Wall Street inch higher to begin the trading week, with investors digesting the implications of recent economic data on future Federal Reserve policy...
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Tokyo stocks rally following steady US Federal Reserve interest rates
Today, Tokyo's stock market responded positively to the US Federal Reserve's unchanged interest rates, leading to an increase in Wall Street buying. The benchmark index ascended to 31,949.89...
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WeWork plans to file for bankruptcy as early as next week- WSJ
WeWork plans to file for bankruptcy as early as next week- WSJ
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Morgan Stanley maintains SoftBank Group Corp. at 'equalweight' with a price target of ¥7.0K
An analyst from Morgan Stanley maintained SoftBank Group Corp. (TYO: 9984) at 'equalweight' with a price target of ¥7.0K. Prior to this rating, SoftBank Group Corp. had 12 buy ratings,...
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ASX 200, Hang Seng, Nikkei Slide Amid Rising Oil Prices and Middle East Conflict
Yesterday, escalating Middle East conflict, rising oil prices, and high US Treasury yields reaching 5.001% led the ASX 200 into negative territory, dragging the Hang Seng and Nikkei along...
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Arm Holdings under Wall Street scrutiny after $4.87B IPO
Arm Holdings (NASDAQ:ARM) Plc, following its substantial $4.87 billion initial public offering (IPO), has come under the microscope of Wall Street firms including Goldman Sachs (NYSE:GS)...
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Oyo in Talks With Apollo Global for $660M Loan Refinancing
Oyo Hotels, a company backed by Softbank (OTC:SFTBY) Group Corp., is in discussions with Apollo Global Management (NYSE:APO) Inc. for a $660 million loan refinancing, as reported on...
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Nomura/Instinet maintains SoftBank Group Corp. at 'buy' with a price target of JPY8.6K
An analyst from Nomura/Instinet maintained SoftBank Group Corp. (TYO: 9984) at 'buy' with a price target of JPY8.6K from a prior price target of %currency%%price%. Prior to this rating,...
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Revolut's 'Project Swan' moves forward with SoftBank share agreement
Revolut's "Project Swan" has made significant progress as the fintech firm negotiates a share agreement with SoftBank (TYO:9984)'s Vision Fund 2, reported by the Financial Times on...
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Mixed global market performance amid economic reform anticipation in China
Global markets exhibited mixed results last Friday as investors closely watched potential economic reforms in China and anticipated fiscal stimulus from Beijing. The Hang Seng Index in Hong...
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InMobi says will ensure ‘fair conclusion’ after intern alleges sexual harassment
New Delhi, Sep 20 (IANS) After an intern at Softbank-backed mobile advertising giant InMobi alleged sexual harassment by a product manager of the team, the company said on Wednesday it takes...
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SoftBank set to gain $5.12 billion from Arm Holdings' IPO amid new investment moves
In a recent development, SoftBank (TYO:9984) Group is set to benefit from a significant financial gain following the initial public offering (IPO) of Arm Holdings (NASDAQ:ARM), a leading...
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Klaviyo raises IPO range, targeting $9 billion valuation amid tech IPO surge
Marketing automation firm Klaviyo has raised its initial public offering (IPO) price range to between $27 and $29 per share, up from the initial $25 to $27 per share. The move targets a...
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SoftBank shares poised for growth following Arm's public offering
The recent public offering of Arm Holdings (NASDAQ:ARM), a subsidiary of SoftBank (TYO:9984) Group, is expected to boost the Japanese conglomerate's shares significantly. Arm's shares...
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Arm Holdings shares dip following initial surge after IPO
Shares in chip-design company Arm Holdings (NASDAQ:ARM) dipped 5% in trading on Monday morning to $57.73 after a significant surge in demand following its initial public offering (IPO)...
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Arm's grand debut, glee for Tesla's dojo, Oracle's dour news: Weekly tech roundup
By Louis Juricic and Sarina IsaacsInvesting.com -- Here is your weekly Pro Recap on the biggest headlines out of a big earnings week for tech: |Arm's big debut, Apple's new iPhone,...
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Klaviyo boosts IPO target to $557 million amid active U.S. financial market
Klaviyo Inc., the Boston-based marketing and data automation firm, has reportedly increased its initial public offering (IPO) target to $557 million for its Tuesday IPO. The decision comes...
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SoftBank explores investing in OpenAI after bumper Arm IPO: Report
San Francisco, Sep 16 (IANS) Japanese major SoftBank is mulling to make an investment in Sam Altman-run OpenAI after the blockbuster listing of British chip designer Arm owned by Softbank,...
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