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Govt asks state-run firms to clear dues of ReNew, SoftBank's green energy arm

Infrastructure

26 November, 2019

Govt asks state-run firms to clear dues of ReNew, SoftBank's green energy arm

India has asked state lenders to provide over $1 billion to government power distribution companies to clear longstanding debts to ......

SoftBank's Oyo foresees India losses till 2022

Infrastructure

26 November, 2019

SoftBank's Oyo foresees India losses till 2022

SoftBank-backed Oyo Hotels and Homes' internal projections showed it may not make a profit in India and China until 2022, ......

Grapevine: Zomato frontrunner for UberEats; Mitsui, CPPIB in talks for RMZ projects

General

25 November, 2019

Grapevine: Zomato frontrunner for UberEats; Mitsui, CPPIB in talks for RMZ projects

Uber’s India food delivery business, UberEats, has been put on the block again for close to $500 million (Rs 3,583 ......

T Rowe, Ant, others stuff $1 bn cash wad into Paytm e-wallet, bestow $16 bn valuation

TMT

25 November, 2019

T Rowe, Ant, others stuff $1 bn cash wad into Paytm e-wallet, bestow $16 bn valuation

Paytm, operated by One97 Communications, has scooped $1 billion (Rs 7,170 crore) in a fresh round of funding led by ......

Grapevine: Snapdeal may raise $100 mn in funding round joined by SoftBank

General

12 November, 2019

Grapevine: Snapdeal may raise $100 mn in funding round joined by SoftBank

Online marketplace Snapdeal is in talks to raise close to $100 million (Rs 716 crore at current exchange rate) from ......

What led WeWork to accept SoftBank offer

Infrastructure

25 October, 2019

What led WeWork to accept SoftBank offer

Just a few months ago, WeWork’s co-founder Adam Neumann was being courted by Wall Street’s top investment bankers in anticipation ......

SoftBank to write down at least $5 bn for WeWork, Uber, other losses

Infrastructure

25 October, 2019

SoftBank to write down at least $5 bn for WeWork, Uber, other losses

SoftBank Group Corp is poised to write down at least $5 billion to account for a sharp drop in the value ......

WeWork board accepts SoftBank rescue deal

Infrastructure

22 October, 2019

WeWork board accepts SoftBank rescue deal

WeWork’s board has accepted a takeover plan proposed by SoftBank Group, handing control of the office-sharing startup to the Japanese ......

SoftBank to skip WeWork's lease obligations with new funding lifeline

Infrastructure

21 October, 2019

SoftBank to skip WeWork's lease obligations with new funding lifeline

SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the ......

Premium
Two-wheeler maker Hero Electric ropes in foreign investor

Manufacturing

01 October, 2019

Two-wheeler maker Hero Electric ropes in foreign investor

Hero Electric Vehicles Pvt. Ltd has raised fresh capital in a round led by a Europe-based private equity firm, a ......