Softbank Group

SoftBank offloads 2% stake worth $120 million in Paytm to meet SEBI rules

This was done in a series of open market transactions since Feb 2023 to comply with Sebi's takeover regulations

Softbank-backed Oyo confidentially 'pre-files' for Indian IPO: Report

The company initially filed to go public in 2021, aiming for an IPO size of 84.3 billion Indian rupees ($1.02 billion), but delayed the share sale at that time

Edtech unicorn Unacademy lays off 380 employees in latest round of job cuts

The Softbank-backed start-up last laid off 350 employees in November

Japan's SoftBank Group logs $5.9 bn loss as tech investments tumble

Japanese investor SoftBank Group reported Tuesday that it sank into a deep loss for the October-December quarter, slammed by the global plunge in technology shares. SoftBank Group Corp. racked up a 783 billion yen (USD 5.9 billion) loss for the fiscal third quarter, a reversal from the 29 billion yen profit recorded the same period a year ago. SoftBank invests in hundreds of companies, including mobile carrier SoftBank, web services provider Yahoo, vehicle-for-hire company Didi and Chinese e-commerce giant Alibaba. It also runs the Vision Fund that includes other global investors. SoftBank Group recorded nearly 512 billion yen (USD 3.9 billion) in losses on investments during the quarter, as prices of its shareholdings and funds nose-dived, it said. Various uncertainties have slammed Japanese companies recently, such as soaring material costs and rising interest rates. Tensions such as the war in Ukraine have also added to what tends to work as negatives for SoftBank's sprawling ..

SoftBank CEO Masayoshi to skip earnings call for first time as tech slumps

The founder and chief executive of the world's largest tech investor bade farewell in November to the earnings presentations he's led for decades

India's fintech industry to face a tough 2023 as investments cool: Bain

This year, the Indian regulator, spurred by fraud and malpractice instances in the fintech lending space, stepped up its oversight to regulate it through a series of guidelines

SoftBank-backed Cars24 eyes small towns to sell used cars in India

The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021

Softbank halves stake in Policy Bazaar parent, mops up Rs 1,043 crore

Sells 22.84 million shares, or 5.08% stake, at Rs 456.4 apiece; 30 institutional investors among buyers

PB Fintech surges 6% after 5% equity changes hands on the NSE

Around 22.84 million shares representing 5 per cent of total equity of PB Fintech worth of Rs 1,042.53 crore changed hands in pre-open deals on the NSE today, the exchange data shows.

SoftBank plans to sell 5% stake in PB Fintech via block deal: Report

The block deal on Friday could be at a base price of 440 rupees per share, CNBC-TV18 said in a tweet. PB Fintech's shares closed at 461 rupees on Thursday

Paytm can slip below Rs 400 if Bears tighten grip; Delhivery may hit Rs 300

Paytm dived over 10 per cent in intraday deals on Thursday amid heavy volume of around 4 million shares. The stock now seems headed to test support at its all-time low of Rs 510.

Paytm slips 10% after nearly 6% equity changes hands on NSE via block deal

Till 09:22 am, around 38 million shares of Paytm had changed hands on the NSE, the exchange data shows

Softbank to divest 29 mn shares in Paytm via block deals on Thursday

Floor price set at Rs 555, 8% discount to last close

Paytm faces another reckoning with lock-in period expiring this week

The biggest shareholders in One97 Communications Ltd., Paytm's parent company, are Alibaba Group Holding Ltd. and its fintech affiliate Ant Group Co., as well as Japan's SoftBank Group Corp

SoftBank Vision Fund loses $7.2 billion on back of tech writedowns

The Vision Fund segment lost 1.02 trillion yen in July-September, following a 2.33 trillion yen loss in the June quarter. Overall, the Japanese conglomerate logged net income of 3.03 trn in last qtr

SoftBank expected to face further weakness in tech stocks at Q2 earnings

SoftBank Group Corp is expected to face further weakness in tech stocks when it reports second-quarter earnings on Friday, after two brutal quarters that have shaken Masayoshi Son's tech conglomerate

Manoj Kohli parts ways with SoftBank India as country head, say sources

Kohli has supported over 20 portfolio companies of the Japanese conglomerate and its Vision Fund

Top headlines:Deadline for 6 airbags extended; Gehlot out of Cong Prez race

The government said on Thursday it is deferring until October 2023 the implementation of norms mandating six airbags in all cars, giving the industry a one-year extension

SoftBank's Masayoshi Son discusses setting up third Vision Fund: Report

The 65-year-old entrepreneur has raised billions of dollars in cash recently and sees another startup fund as one of several possible priorities for the money

SoftBank, others in talks to lead $75-million funding in GoMechanic

"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development